Orphanides warns of lower profit

Orphanides (ORF) issued a negative profit warning for its 9M07 financial results blaming the decline on lower revenue mostly because of reconstruction and renovation works at its supermarkets at Larnaca, Zakaki and

Cyprus stocks remain under pressure

Renewed pressure in international markets, starting from a 4.4% decline in the Shanghai Index, which was followed by early Thursday weakness in Europe forced Cypriot titles sharply lower. Asian investors marked Chinese

Capital Intelligence raises Cyprus sovereign ratings

Capital Intelligence, the international rating agency, has raised the long-term foreign currency rating of the Republic of Cyprus to ‘A+’ from ‘A’ and affirmed its short-term foreign currency rating of ‘A1’. The