Pharmaceutical majors join forces

Only 3 out of 10 new drugs make money The world’s big pharmaceutical companies have joined forces in Cyprus to form the Cyprus Association of Research & Development Pharmaceutical Companies (KEFEA). Formed

Laiki price target lifted to CYP 3.82

Egnatia Financial Services have lifted their target price on the shares of Laiki Bank to CYP 3.82 from the previous CYP 3.40 following the release of the first quarter results. Based on

Lithuania told it can’t join the euro

Questions about Cyprus Lithuania will be told today that it cannot join the euro, because its inflation rate is around 0.03% above the target, according to reports in FT.com, thus sparking concerns

Lillikas positive about potential oil/gas finds

Minister of Commerce, Industry and Tourism George Lillikas told a press conference on Monday that there are possibilities of finding hydrocarbon deposits in the southeastern Mediterranean, according to the results of research

Cypriot marriage rate highest in EU

Less spent on housing According to the Eurostat survey on families, Cyprus has the highest marriage rate among the EU25, at 7.2 per 1,000 inhabitants compared with an EU24 average of 4.8