EIU expects lower growth

The October 2005 Country Report on Cyprus by the Economic Intelligence Unit (EIU) forecasts that the growth rate of GDP for 2005 and 2006 will reach 3.6% and 3.0% respectively compared to

Revised State Budget presented

The State Budget for 2006 as well as the latest forecasts for 2005 were submitted to the House of Representatives on Thursday, aiming for a budget deficit of CTP 143 mln, or

Takeover law changes

Alternative ownership limit raised to 90% The CSE is undergoing a radical change following the agreement in principle by the Securities & Exchange Commission of the rules and regulations of the Main,

Construction industry under threat

The construction industry, the largest employer on the island and described by many as the bastion of the economy, is under threat and constant attack according to Costas Michaelides, Chairman of the

BOC & GENX at record close

Bank of Cyprus shares in Greece and Cyprus roared to a new record close on Wednesday, which was instrumental in pushing the CSE GENX to a fresh closing high for the year.