Cyprus seeking to spread refugee burden

Cyprus will seeking to spread the refugee burden across all 25 member states at a meeting of EU foreign ministers on Tuesday. Cyprus has handled an estimated 50,000 refugees from Lebanon since

Industrial output rises in May

Industrial output recorded an increase in May, rising by 3.4% compared with the same month of 2005. All categories of industry rose: manufacturing rose by 2.3%–the first rise in 6 months—mining and

David & Pierides resign from BOC board

Bank of Cyprus Public Company Ltd announced that George David resigned from his position as member of the Board of Directors, effective July 28. The resignations follows a similar move by Demetris

UBS, DB and JPM bullish on BOC

Bank of Cyprus saw bullish upgrades from foreign investment houses following the release of the first half results, which saw profits climb to CYP 85 mln, more than analyst expectations. UBS, the