CLR maintains lead as top broker

CLR Securities & Financial Services, a member of CLR Capital maintained its lead as the brokerage firm with the biggest market share, lifting its market share in February to 18.44% and since

Industrial output rises for second month

Chemicals boom Industrial output rose year on year for its second consecutive month in December 2004, rising by 2.5% compared with December, following a 4.3% year-on-year increase in November. Manufacturing rose year

Takeover bid for Quantum

The majority shareholder of Quantum Corp. (GLO), Athanassios Ktorides announced the intention to submit a public takeover bid, seeking 100% control of the company, offering shareholders CYP 250 per share in cash.

Medicine prices slashed by 25%

The prices of some 920 medicines were slashed by an average 25% Tuesday, as part of the government’s policy to reduce the household costs. Though the majority of medicine prices remained the

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%