Currency volatility declines

Currency volatility declined by the most since 1999 this quarter, with JPMorgan Chase & Co.'s index of implied volatility on dollar options against the euro, the yen, the British pound, the Swiss

More Cypriots use internet, says EU survey

The number of households in Cyprus with internet access recorded a sizeable increase in 2007, according to a Eurobarometer survey, carried out in November and December of last year. According to the

Finikas to list 3.2m Rights

The CSE Council announced that it has accepted the listing of 13,204,527 nil-paid rights of Finikas Ammochostou Plc, pursuant to Article 58(I) of the CSE Law. The nil-paid rights were allocated to

Orphanides in new supermarket openings

Orphanides Pcl (ORF.CY) is planning to proceed with new supermarket openings to increase its reach in the market and remain the largest chain in Cyprus. Chairman and founder of the company, Christos

Cyprus gets water from Greece

Drought-hit Cyprus started importing water from Greece in a drastic bid to counter a critical shortage which a senior official blamed on climate change at a cost of EUR 40 mln, of

Bank of Cyprus lists new shares

As a result of the reinvestment of dividends paid on 10 June 2008, 7.186.618 new ordinary shares of Bank of Cyprus Public Company Ltd were listed increasing the Bank’s issued share capital