Astarti records profit increase

Astarti Development Pcl (AST) reported its preliminary FY04/05 results for the period ended 31 October 2005. Turnover increased by 2.0% YoY to CYP 1.69 mln in FY04/05, while EBIT remained unchanged compared

Cyprotel losses increase

D. H. Cyprotels Pcl (DHH) reported its preliminary FY04/05 results for the period ended 31 October 2005. Turnover increased by 13% to CYP 14.6 mln in FY04/05. Net losses increased by 373%

OPT buys into Dubai publishing co.

Options Cassoulides Pcl (OPT) announced that its subsidiary company, Options Cassoulides Global Publishing Ltd reached an agreement with Dubai Media City, to acquire 75% of the share capital of Nicholas Publishing International

Piraeus Bank bids for EURO

Piraeus Bank of Greece announced its intention to bid for full control of Euroinvestment & Finance Public Co. Ltd. (EURO) share capital that it does not already own at the price of

10-year bond yield break below 4%

The yield on the benchmark 10-year bonds finally broke below the 4% level during the last auction held in 2005 marking a record decline from the 6% level at the start of

Helios disaster cost Libra CYP 5 mln

The tragic airline disaster of August 14, 2005 which resulted in the crashing of a Helios Airways aircraft close to Athens resulting in the death of 121 lives cost Libra Holidays Group

Talat offers Varosha over sanctions

Turkish Cypriot community leader Mehmet Ali Talat said Thursday his side was ready to return Varosha to the Greek Cypriots in return for the lifting of the embargo on the Turkish side

Carrefour to expand network in Cyprus

The N.K. Shacolas Group confirmed press reports that it is engaged in advance negotiations with Carrefour for the possibility of a strategic cooperation, which will pave the way for the expansion of