Jobless rate seen at 3.7%

The unemployment rate for 2006 is seen at 3.7% from 3.8% in 2005 according to Ministry of Finance forecasts as a result of the higher growth rate of the economy. The Ministry

JP Morgan ups BOC target

JP Morgan has upped its price target on the shares of Bank of Cyprus Pcl (BOC) from CYP 5.30 to CYP 5.90 or EUR 10.3 maintaining its overweight recommendation, but the higher

Marfin buys 6.8 mln Laiki shares

Marfin Financial Group announced that it purchased another 6.8 mln shares of Laiki Bank (CPB) at an average price of CYP 2.73 on August 18, 2006, lifting its stake in the bank

Cyprus to host sport management congress

Cyprus will play host to the 14th European Association for Sport Management (EASM) Congress, to be held in Nicosia between 6-9 September 2006. The Congress, co-organised by the Cyprus Sport Organisation and

Cyprus President to attend ASEM 6 Summit

Cyprus President Tassos Papadopoulos will be in Finland, current EU president, in early September to attend the ASEM 6 Summit (Asia-Europe Meeting), to be held in Helsinki September 10-11. The Summit will

M&A deals surge to CYP 382 mln

A massive increase in interest from foreign companies, mostly Greek, to snap up undervalued Cyprus assets has led to a major boost in Mergers & Acquisitions (M&A) so far this year, with

Cyprus still waiting for Tsolakis report

Families of the 121 people who perished in an air crash near Athens last year will have to wait beyond the accident’s anniversary to hear the report of the investigators and the

Lest we forget…

A year has passed from the day the doomed Helios flight crashed near Athens and killed all 121 people on board. As the days get nearer to the August 14 anniversary, accusations