According to data released by the Ministry of Finance, the budget balance was in surplus to the tune of CYP 100.9 mln in the first five months of 2005, or 1.3% of GDP. This compares with a deficit of CYP 69.2 mln in January-May 2004. Whether this performance will be maintained for the remainder of

The Competition Commission under its newly appointed Chairman is studying the prospect of imposing of penalties on CyTA for its decision not to abide immediately with the Commission’s order to reverse CyTA’s mobile phone charges to pre-April levels. Although CyTA has announced that it will abide by a Nicosia Court decision, ordering it to implement

More than 5% now in foreign hands Bank of Cyprus Group shares trading on the Athens Stock Exchange (ASE) closed at a fresh record high of EUR 3.42 or CYP 1.96 on Tuesday, bucking the declining trend on Sophocleous, while data compiled by the Financial Mirror shows that more than 5% of the Bank’s share