The Environment Fights Back

By Jeffrey Sachs   Our political systems and global politics are largely unequipped for the real challenges of today’s world. Global economic growth and rising populations are putting unprecedented stresses on the

Lefkaritis Cyprus selects Oracle ERP solution

The Lefkaritis Group, the biggest Cyprus company in the transport and fuels sectors, has chosen the Oracle JD Edwards EnterpriseOne ERP solution, according to Softecon Enterprise that has already implemented 40 similar

Oil prices surge to $62 pb

Oil prices moved back to near USD62pb after a reported steep 3.3 mln barrel fall of US oil inventories and after new attacks on foreign oil facilities in Nigeria. The market was

USD under pressure after Fed

The dollar came under modest pressure post FOMC, even though the Fed maintained references to “further policy firming” in its October policy statement, and lone dissident Lacker disagreed with the majority decision

Fiscal deficit on right track

The Ministry of Finance (MoF) reported that the fiscal deficit during the first eight months of 2006 worsened marginally to CYP 34.6 mln from CYP 27.1 mln in the same period a

Deutsche Bank keeps BOC target at CYP 5.7

Deutsche Bank is maintaining its buy recommendation on the shares of Bank of Cyprus with an unchanged price target of CYP 5.70 (EUR 9.8855) indicating an upside potential of 10% from current

CFI keeps interim dividend same

Cyprus Forest Industries Pcl (CFI) has decided to distribute a dividend payment of 5 cent (EUR 0.0867) per share to its shareholders from its earnings of 2004. The ex-dividend date is set