2007 state budget approved

…CYP 3.31 bln revenue, CYP 4.06 bln expenditure The Council of Ministers approved the state budget for 2007, that provides for a total revenue of CYP 3.31 billion and for expenditure of

Speculative longs hold euro back

The euro remained stuck in tight ranges near the 1.2800 level against the dollar as market participants moved to the sidelines and as speculative positioning of long euro positions remained at record

Eleftherios Ioannou new BOC Chairman

The Board of Directors of Bank of Cyprus Pcl (BOC) unanimously appointed Eleftherios Ioannou as Chairman, at its meeting held in Nicosia on Thursday, September 7, 2006. Following his election at the

British court rules in favour of Orams

A British court has ruled in favour of a British couple who built their retirement home on Greek Cypriot land in the occupied areas to remain on the property on the assumption

BOC rejects Aremissoft claim

Bank of Cyprus Pcl announced that it will contest a lawsuit filed by the Trustees of the Aremissoft Corporation Liquidating Trust. The Bank denies the content of the law suit and all

Christis secures UNIFIL contract

Christis Dairies Pcl (CDL) announced that it has secured the contract to supply the UN peacekeeping force now organized for Lebanon. Christis, which for many years has been a steady supplier to

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