CB in trouble over BNPI inaction?

Will the French banker leave Cyprus? Confusion has fuelled rumours as regards the future and past operations of leading French banker BNP Paribas and its predecessor BNPI, as it has relieved its

CYP strengthens after ERM2 entry

Interest-rate cut expectations The Cyprus pound enjoyed a smooth ride in the first few days of its entry into the Exchange Rate Mechanism (ERM2), and in fact appreciated compared with its pre-entry

Rehn woos Turkey

We do not know whether Enlargement Commission Olli Rehn read our interview with James Ker-Lindsay last week entitled “Why Turkey might say no to EU membership”. However, his speech in Turkey last

Alliance doubles Q1 profits

Alliance International Reinsurance Co. Ltd. (ALL) kick-started the first quarter earning season reporting a near doubling of net profits on the back of a strong increase in premium income. Gross reinsurance premiums

Car registrations dive in April

Motor vehicle registrations fell by 5.8% year on year in April, to 4,245, compared with 4,507 in the same period of 2004. This comes after a 6.2% year on year rise in

Cyprus business census launched

The Statistical Service has announces the launching of the Census of Establishments on May 9, 2005. The Census of Establishments will cover all enterprises and establishments of work which operate in all

Cyprus president to send envoy to UN

Cyprus President Tassos Papadopoulos will be sending an envoy to New York for consultations at the United Nations, according to sources. A UN representative told the Cyprus News Agency that President Papadopoulos

Clerides decorated by President Putin

The previous President of Cyprus, Glafcos Clerides, was one of the six veterans who was honoured yesterday by Russian President during the celebrations dedicated to the 60th Anniversary of Victory in the