Itâ€™s been 15 years since the first edition of the Financial Mirror rolled off the presses, declaring in our first editorial that â€œa nationâ€™s economy is more than its gross national productâ€ and that â€œbusiness is about peopleâ€.
Our front page on March 17, 1993 saw â€œFew surprisesâ€ in Chancellor Norman Lamontâ€™s budget, US Ambassador Robert Lamb presented the US-Cyprus awards for commerce to NCR, IBM, Micromania and Splash Water, government spokesman Ioannis Cassoulides (remember him?) had quashed â€˜sanction bustingâ€™ reports on Serbian offshores and ruled out government plans to devalue the Cyprus pound. Why should he? For the first time in three years the CYP dipped below the two-dollar barrier to 1,9560/1,9920. Kikis Lazarides announced Laikiâ€™s 1992 net profits of CYP 8.7 mln and that four new European Popular branches would open in
Two pages were dedicated to the stock market with 38 stocks reporting a weekly turnover of CYP 284,108. BoC had just retreated to CYP 2.085, CPB to 2.305 and HB lost 2 cents to 2,765. The CLR index had dropped to 121.1 from a 1992 April high of 146 points.
Throughout these years the Financial Mirror has followed the
Technology, too, saw us abreast of others, constantly upgrading our newsgathering capability. Keeping with the trends we are now ready to launch the fourth generation of our website that will include more reports and updates throughout the day in English and Greek, while our new project under wraps for the past six months will include video as well. You ainâ€™t seen nothinâ€™ yetâ€¦