85 candidates for 33 mayoral seats in Cyprus

A total of 85 candidacies were submitted for the elections in 33 municipalities on December 17, of whom six were elected Friday unopposed in Polemidia and the refugee towns of Morphou, Kithrea,

Cyprus pension fund law passed

The House of Representatives approved the Draft Law regarding the establishment, operation and supervision of Pension Funds. Under the new Law, the Pension Funds are subject to investment rules and regulations requiring

Athena yield hits 4.5%

Athena Cyprus Investment Pcl (ATH) declared a 1.25 cent interim dividend or 2.16 euro cents on the back of a sharp jump in 9M profits. Based on the current price of 0.47

Athena pays huge fees to HB, SFS

Athena Investment Fund Pcl (ATH) reported a spectacular increase in the first nine month profits, which allowed the company to declare a 1.25c or 2.16 euro interim dividend for a fantastic 4.5%

Gulf and Russian tourists flock to Cyprus

Offsetting a poor year    Arrivals of tourists in Cyprus fell for the third consecutive month in October, falling by 3.2% year on year to reach 283,049, compared with 292,273 in October

Construction costs up by 5.15% in Jan-Oct

According to the latest data from the Statistical Service, construction materials prices in the period January-October 2006 rose by 5.15% over the corresponding period of the previous year. The price index of