Industrial output rises 3.5% in Feb

The Index of Industrial Production for February 2005, (Base 2000=100), reached 103.4 units. For February 2005 the Index recorded an increase of 3.5% compared to February 2004. For the period January-February 2005

Cement prices to be hiked by 9.5%

Cyprus Cement, the island’s second largest cement producer plans to hike cement prices by 8.5 to 9.5% or CYP 3 per metric tonne to cover rising production costs. George Galatariotis, Chairman of

Bid speculation boosts CHR higher

Bid speculation that Carrefour of France may submit a bid seeking participation in the share capital of Chris Cash & Carry (CHR), helped boost the share price higher, which on Friday closed

UNFICYP budget approved

The UN General Assembly has appropriated around $44 mln gross for the maintenance of the UN peace-keeping force in Cyprus (UNFICYP) for the period July 2003 to end of June 2004, according

President appoints new Attorney General

President Tassos Papadopoulos has appointed Petros Clerides as Attorney General of the Republic. An official press release says Clerides, who was until now Deputy Attorney General, will be giving his affirmation during

CDB appoints 2 new board members

The Cyprus Development Bank (CDB) announced that the Council of Ministers has appointed new board members to replace the two who resigned in March. The new members are Nicos Hadjinicolaou, a senior

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