2004 budget deficit drops to 4.2% of GDP

Cyprus on course for the euro According to preliminary general government fiscal accounts for 2004, which are calculated according to EU norms, the budget deficit fell to CYP 306.3 mln, or 4.2%

LTV seeks dual listing on CSE & ASE

Lumiere TV Public Co. Ltd. (LTV) has tabled applications seeking a dual listing of its shares on the Cyprus and Athens Stock Exchanges. Marios Hadjiyannakis, General Manager of Egnatia Financial Services, the

Equity prices stage a rebound

Equity prices stabilised on the Cyprus Stock Exchange and staged a 1.4% rebound on Tuesday, with the GENX closing 1.41% firmer at 84.42 points, and the Main/Parallel ending 1.43% higher at 1179.10

Trade and funding are separate

Government Spokesman Kypros Chrysostomides said the government continues to believe that two European Union regulations (on direct trade with the Turkish occupied north and on allocation of funds to the Turkish Cypriots)

CAIR crew call off strike

Compensations averaged CYP 40,000 Cyprus Airways cabin crew called off their strike last night, after the Ministry of Labour found that both the airline’s management and the unions had violated the code

25 GC companies set for Green Line trade

Some 25 Greek Cypriot companies are close to being matched with Turkish Cypriot producers for trade across the Green Line, only five weeks after the matchmaking programme co-ordinated by award-winning M.G.C. Group

New board for Universal Life

Seven new members stepped up to the board of Universal Life at the Extraordinary meeting on Friday. The passing of two motions–one for the termination of the old board, and one for