Leptos losses surge in 2004

Leptos Calypso Hotels (LCH) saw its losses surge to CYP 2.5 mln in 2004 from CYP 979.000 in 2003, mostly due to the operation of its new luxurious Thalassa hotel in Paphos.

Pandora profits dive on revaluation losses

Pandora Investments (PND) the property development company reported a sharp reduction in profits during 2004 on the back of higher revaluation losses on its equity investments. After reporting a 28% increase in

US and Turkey officials discuss Eurasian issues

Eurasian issues were discussed here Wednesday between high ranking US and Turkish administration officials, as part of the bilateral strategic dialogue. According to a US State Department press release, Ambassador Halil Akinci,

Deposit bank reserves slipped in November

The latest International Financial Statistics publication from the International Monetary Fund show that total reserves held by deposit money banks slipped to CYP 1,147.9 mln in November 2004, from CYP1,279.8 mln in

CSE rebounds ahead of BOC results

Equity prices on the Cyprus Stock Exchange (CSE) staged a moderate rebound on Thursday, closing 1.33% higher ahead of the announcement of results from Bank of Cyprus. The shares of Bank of

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