Euro hit by French referendum fears

The euro continued lower on Thursday morning, hit by fears that French voters will turn down the European constitution when they vote in a referendum on Sunday. The euro was trading at

Frou-Frou factory construction works begin

Targets to lift ROE to 15% Alkis Hadjikyriakos (Frou-Frou Biscuits) Ltd. has announced that the construction works on a new factory situated at the company’s distribution centre in Kokkinotrimithia have started. Chairman

Almunia raises inflation, wages concerns

Commissioner for Economic and Monetary Affairs Joaquin Almunia gave a largely positive assessment of the Cyprus economy and public finances during an official visit to Cyprus last Thursday, but raised concerns about

Hellenic Q1 profits jump 105%

Hellenic Bank Group (HB) reported a 105% increase in first quarter net profits to CYP 2.97 mln from CYP 1.44 mln a year ago, and although the return on equity (ROE) of