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Hellenic Bank Group Public Co. Ltd. managed to overturn previous losses with a return to profitability after reporting that the net profit for 2005 reached CYP 7.51 mln compared to a loss

The Central Bank of Cypus Monetary Policy Committee (MPC) voted by 6 votes to zero in favour of maintaining interest rates at the same level. The interest rates on the marginal lending

The CSE GENX closed at a fresh record of 2379.57 points, pulled higher by another strong performance by Bank of Cyprus, which continued to advance in Cyprus after foreign investors bid the

The European Commission has given a favourable assessment of Cyprus’ attempts to correct its “excessive deficit” identified in July 2004, saying that it “seems have corrected its excessive deficit in 2005”. “The

Cyprus President Tassos Papadopoulos has spoken out against any attempts to open up Turkish Cypriot trade, saying that it perpetuates the division of the island. Last month Turkey offered to implement the