Bank of Cyprus staff productivity up 60%

Bank of Cyprus staff have managed to boost productivity by 60% during the past two years, helping drive the Bank’s profits higher and higher, which at the same time has been instrumental

Stademos declares dividend

Stademos Hotels Plc (SHL) reported  its 9M06 results posting a net profit of CYP 1.26 mln (+ 8.5%YoY) and approved an interim dividend of CYP 0.01 (EUR 0.017). Ex-dividend date is set

Tsokkos profits up 59%

A. Tsokkos Hotels Pcl released a strong set of 9M06 results posting a 59.2% YoY increase in net profit to CYP 4.45 mln or EUR 7.72 mln. EPS was at 1.85 cent

Dollar under pressure

The U.S. currency stayed under pressure against other majors, with the euro rising to $1.3270. Sterling surged to $1.9749 above $1.9700 for the first time since September 1992 when Britain was forced

Cyprus to block EU moves on Turkey

Cypriot Government Spokesman Christodoulos Pashiardis warned here today that Nicosia will not give its consent to the European Commission’s recommendation for Turkey‘s refusal to expand its Customs Union to the Republic of

Greek FM to hold talks in Cyprus

Greek Minister of Foreign Affairs Dora Bakoyiannis arrives in Cyprus and will be received by President of the Republic Tassos Papadopoulos.During her stay on the island, Bakoyiannis will also meet with her

Real GDP growth at 3.6% in Q3

Financial sector booms   Economic growth decelerated slightly in the third quarter according to the latest figures from the Statistical Service, CYSTAT. Real GDP growth rose in real terms by 3.6% in