The Cyprus Stock Exchange says the Exchange is ready to accommodate active bond trading as part of its efforts to diversify and introduce new services in order to attract foreign institutional investors, but its Chairman acknowledges that the issue is complicated and needs a “political” decision. CSE Chairman Akis Kleanthous expressed his frustration at the
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…lifts year-to-date gains to 45% Bank of Cyprus shares powered ahead to a 4-year closing high on Friday on the back of intense speculation that the stock will be among the first wave of entrants into the new International Sophocleous index, which will comprise the top Greek stocks worth at least EUR 100 mln and
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Neither Community feels very European The European Commission released the results of the Eurobarometer Spring 2005 Survey on Friday. As in the Autumn survey, two surveys were carried out in Cyprus: one among EU citizens in the government-controlled areas (essentially Greek Cypriots) and one among EU citizens in the occupied areas (essentially Turkish Cypriots). According
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The Attorney General of Cyprus, Petros Clerides has asked the police to investigate and collect statements to establish whether or not the CyTA board and its management committed a criminal offence when they refused to abide by a temporary ruling of the Competition Commission, ordering them to hike mobile call rates. The head of the
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The by-election for a new representative of the Armenian religious group to the Cyprus House of Representatives will take place October 9th, 2005. The new representative will succeed Bedros Kalaydjian, who died last week at the age of 71. Candidacies must be submitted to the Chief Returning Officer Monday 26 September 2005, between 0900 and
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Revenue from tourism rose by 3.7% compared with the corresponding period of the previous year in July, to reach CYP 140.1 mln. This was the third month in a row that tourism revenue rose year on year, after steep declines between November and February. However, it was still behind the increase in the number of
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Industrial output declined in June, registering a 1.6% fall compared with the same month of 2004. All but three categories declined year on year. Within the manufacturing sector, output of food, beverages and tobacco stood out by increasing 3.2% year on year, while output of wood and wood products inchned up by 0.1%. Total manufacturing
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The number of registered unemployed rose by 1,304 in August compared with the same month of 2004, leading to an unemployment rate of 3.6%, compared with 3.3% in August 2004. On a year-to-date basis, the numbers of unemployed rose by 1,092 to average 13,548 in January-August. Public sector workers continue to be the hardest hit,
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