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

G20 fails to comment on euro/yen

The dollar rose against the yen as the market brushed off a weekend meeting of Group of 20 countries that discussed currency values but offered few surprises. The euro climbed broadly, pushing