Elma lifts profits by 553%

Elma Holdings reported a 553% increase in FY06 profits to CYP 15.6 mln or EUR 26.8 mln from CYP 2.8 in FY05 on the back of a spectacular 121% increase in the

Defiant Aspis promises more takeovers

Aspis Holdings Pcl, formerly MFS Holdings Pcl (MFS) has promised that it will continue to invest heavily both in Cyprus and in the Balkans/East Europe through its Cyprus holding company, despite the

Cyprus not to join Schengen before 2010

Cypriot Minister of Foreign Affairs George Lillikas has said it is not projected that Cyprus will be able to join the Schengen area before 2010, due to political considerations and to the

Cyprus not to join Schengen before 2010

Cypriot Minister of Foreign Affairs George Lillikas has said it is not projected that Cyprus will be able to join the Schengen area before 2010, due to political considerations and to the

Cyprus to apply for euro adoption

The Council of Ministers decided on Wednesday to authorise the Minister of Finance and the Central Bank of Cyprus Governor to submit an application to the European Commission and the European Central

Bank of Cyprus beats profit estimate

Bank of Cyprus Pcl released its 20006 results with net profit surging by 153% YoY to CYP 183 mln or EUR 317 mln, beating analyst estimates with estimates ranging from EUR 309