Eurobank Securities has issued a forecast on the 2006 profits of Bank of Cyprus Pcl, anticipating that net profits in 2006 will increase by 132% YoY to EUR 293 mln or CYP 169.3 mln compared to EUR 123 mln in 2005. Cypriot analysts expect the Bank of Cyprus to meet and surpass the Eurobank target,
More
Cyprus does not consider that Turkey has rights over the oil deposits which might possibly exist in the Cyprus coastal areas, especially in the southern coastal part.Invited to comment Turkey’s objections to the signing of a maritime agreement between Lebanon and Cyprus that would cover potential underwater energy resources, Cypriot President Tassos Papadopoulos stressed here
More
Cyprus will be hosting the EU Mediterranean Ministerial Meeting entitled “EU Mediterranean Agriculture and New Challenges”, which will take place in Nicosia between 20 and 22 of January.Agriculture Ministers of eight EU Mediterranean countries, namely Greece, Spain, France, Italy, Cyprus, Malta, Portugal and Slovenia, will meet here, in view of the serious amendments to the
More
Heathrow handles most passengers; Frankfurt freight  The total number of passengers transported by air in Cyprus during 2005 increased by 5.6% to 6.78 mln, lower than the EU15 average increase of 8.5% to more than 700 mln, according to Eurostat. Cyprus recorded a 5.5% increase in freight transport to 3.9 mln tonnes, much better
More
Hrant Dink, the editor of Turkey’s main Armenian-language newspaper Agos who had questioned Turkey‘s denial of the Armenian genocide, was shot dead in Istanbul Friday. Prime Minister Recep Tayyip Erdogan called the assassination an attack against “Turkey’s stability.” Turkish stocks fell after the shooting was reported by as much as 1% in Istanbul following the
More
Intense bid speculation over the shares of Bank of Cyprus Pcl pushed the stock and the general index of the Cyprus Stock Exchange to a record close on Friday and to levels not seen since 2000. Bank of Cyprus (BOCY) was the most active on the CSE, closing 1.17% higher Friday to a new record
More
The Cyprus International Institute of Management (CIIM) 15th graduation ceremony of MBA and MPSM students will take place at the Cyprus International Conference Centre, on Thursday, January 18, at 6.30pm. This is the first graduation after the CIIM’s MBA and MPSM programmes received the EPAS accreditation from the European Foundation for Management Development EFMD. This
More
Users of Google Finance will soon learn if the internet company will offer real-time stock quotes on its websites. If approved by the SEC, Google will stream real-time, last-sale prices for stocks across Google Finance, Personal Google home pages, Google Mobile, and Google.com . “The more up-to-date the information, the more valuable it is,” said
More
IPO market seen warming up in 2007 Â Laiki Securities, a member of Laiki Investments Financial Services Pcl (LI), has become the largest Cypriot EPEY trading as a remote member on the Athens Stock Exchange (ATHEX) as more and more Cypriot investors decide to trade in Greek stocks in search of a better return and
More
Cypriot Minister of Education and Culture Pefkios Georgiades died Wednesday at the age of 72 after a heart attack.Georgiades was a close associate of President Tassos Papadopoulos and was born appointed minister in the president’s first cabinet soon in March 2003. His funeral will take place Thursday at 1430 local time, at Panagia Evagelistria Church
More