SFS doubles dividend

The Board of Directors of SFS Group Pcl (SFS) declared an interim dividend of CYP 0.2 or EUR 0.346 per share, or 2% on nominal value of shares, which is double the

Cypriots open wallets for Xmas

Cypriot consumers plan to spend 12% more this year on Christmas shopping, budgeting the amount of EUR 1103, second behind the Irish who plan to spend EUR 1339 on average according to

The end of rubber stamping

By Michael S. Olympios Chief Consultant Allied Business Consultants In the old days, directors might approve a business plan within hours of hearing it. They saw themselves as sounding boards, not overseers

The legacy of Milton Friedman

By Michael S. Olympios One of the greatest economic thinkers of our time Milton Friedman died last week on November 16th at the age of 94. A half century ago, Milton Friedman’s

Laiki lifts 9M profits by 105%

…share price breaks above EUR 7 level   Laiki Bank Pcl (CPB) beat market expectations lifting first nine month profits by 105.4% year-on-year to CYP 62.6 mln or EUR 108.5 mln as

Industrial turnover outpaces production

The industrial turnover index (comprising mining and quarrying, manufacturing, and electricity, gas and water supply) reached 116.3 units (Base 2000=100) in August 2006, recording an increase of 7.3% compared to August 2005.

Greek Cypriots reply positively to Gambari

Cypriot President Tassos Papadopoulos said on Sunday that the Greek Cypriot side had replied positively on Friday to a letter sent to the leaders of the two communities in Cyprus by UN

Armenian President to visit Cyprus

Armenian President Robert Kocharian will be holding an official visit to Cyprus in November, at the invitation of Cypriot President Tassos Papadopoulos. Government Spokesman Christodoulos Pashiardis said Kocharian’s visit is scheduled for