Athena Investments (ATH) reported a doubling of first quarter gains, on the back of a higher revaluation gains but also because the investment company locked in some of its gains. Athena booked
The Board of Directors of F.W. Woolworth & Co. (Cyprus) and Cyprus Trading Corp. (CTC) decided at separate meetings held on May 17 to propose to their respective AGMs the free distribution
Vassilis Rologis has been elected as the new Chairman of the Board of Bank of Cyprus Group following a stormy Annual General Meeting of shareholders, where Board and Management came under intense
Arrivals of tourists took a dive in April, falling by 4.0% year on year, after the Protest and Catholic Easter celebrated in March had pushed arrivals up by 22.4%. On the basis
Commissioner for Economic and Monetary Affairs Joaquin Almunia dashed hopes on Thursday of an interest rate cut when the Monetary Policy Committee meets on Friday. Speaking at a press conference in Nicosia
In its first update since the Cyprus pound entered the Exchange Rate Mechanism (ERM2) on May 2, the Economist Intelligence Unit has forecast a 100 basis-point cut in interest rates by the
Alexis Galanos, former President of the House and Chairman of the Council of Economic Advisors (SOE), may resign from his post now that the work of the Council has been acknowledged and
