Cyprus Airways losses seen at €30 mln

 — “You could be next,” says Minister — Cyprus Airways will likely post a full-year loss of around 30 mln euros, hit by cheaper rivals and fixed costs, finance minister Charilaos Stavrakis

BOC: Profit after tax of €248 mn

The financial results for the nine months of 2010 highlight that the Bank of Cyprus is in a strong position to face the continuing challenges in its main markets having achieved selected

European shares hit two-year high

European shares hit a two-year high on Tuesday, with several companies including Vodafone and Barclays gaining after upbeat profit statements, and with the macroeconomic backdrop boosting sentiment. At 0947 GMT, the FTSEurofirst