Bank profitability increases in Q1’05

The island’s three largest banks recorded a satisfactory increase in profits during the first quarter on the back of a strong performance in local operations. Bank of Cyprus (BOC) recorded the best

State aid to be reformed

The guiding principles for a comprehensive reform of state aid rules and procedures over the next five years have been outlined in a State Aid Action Plan just adopted by the European

Woolworth may sell some of its properties

Woolworth Properties Group is engaged in negotiations to dispose some of its property, possibly through the “sale and lease back” method, according to the Chairman of the Group, Nicos Shacolas. Speaking during