Alpha Bank is on track to increase the number of its Cyprus branches in order to support its aggressive expansion plans, which have seen its market share climb in an ever increasing
Opinion pieces in the FT and WSJ have fuelled doubts on whether the Fed will be able to act on its hawkish talk and deliver rate hikes in the summer. The WSJ
ING has confirmed its positive stance on Greek banks and initiate coverage on Cypriot banks with a positive stance. In Cyprus, ING prefer Bank of Cyprus to Marfin Popular Bank, although but
Aspis Holdings Pcl (ASP.CY) issued a positive profit warning for its 2008 first half results on the back of increased contribution in profits from its associates, as well as gains from other
EU foreign ministers agreed to ease the economic isolation of the Turkish-Cypriot controlled part of Cyprus, in a move designed to bolster efforts to reunify the island. The measures "aim at enhancing
The Inland Revenue Department (IRD) announced that total tax revenue during the period January-May 2008 advanced by 1.1% year-on-year to EUR 651.6 mln from EUR 644.77 mln a year ago in the
The Cyprus economy will face increased difficulties in 2009, Minister of Finance Charilaos Stavrakis estimates. The Minister, who was briefing the House Finance Committee, said that 2009 would be a difficult year
The Cyprus Ministry of Commerce, Industry and Trade awarded the construction of the Paphos marina contract to the consortium made up of Cybarco, Francoudi & Stephanou, Leptos Group (via Pandora Investments PND.CY)
Cyprus’ trade deficit increased further during the first quarter of 2008 reaching 1.430,9 mln euro compared to 1.099,6 mln euro in January-March 2007, according to the statistical data released by the Statistical
But households are still spending Economic growth in Cyprus slowed in the first quarter of 2008 but remained fairly buoyant considering the global credit crunch. Gross domestic product (GDP) rose in real
