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Court further tightens grip on Lycourgos

The Nicosia District Court issued additional orders in the case of the Trustees of the AremisSoft Liquidating Trust on behalf of its more than 6,000 beneficiaries, against Lycourgos Kyprianou and others. In

Moody’s assigns A2 rating

Moody’s, the international rating agency assigned Cyprus’ credit quality rating in foreign currency at A2 (“medium”) on the back of the high standard of living, low inflation and the low unemployment environment.

Tsokkos approves dividend

The Annual General Meeting of A. Tsokkos Hotels Pcl (TSH) approved the 0.3 cent per share dividend payment to its shareholders from the Company’s distributable reserves, the continuation of its share buy

Zorbas profits decline in first half

A. Zorbas & Sons Ltd., one of the island’s largest bakery products producer and retailer reported its first decline in net profits during the first half on the back of higher labour