Global Consolidator, formerly Globalsoft which is under court order to freeze its transactions with its CEO has decided to shift out of the CSE’s Parallel Market to the Alternative Market following its Annual General Meeting of shareholders on Friday. The AGM, which voted to allow the Board the power to sell 75% of its existing

The Cyprus economy is doing well and is on track to meet its target for entry into the eurozone according to Finance Minister Makis Keravnos. Speaking before the House Finance Committee meeting, Keravnos said that the performance of the economy is very satisfactory and in line with the targets set by the government. The growth

The Central Bank has rebuffed efforts by Bank of Cyprus to writeoff up to CYP 148 mln in sour debts from its books, refering to debts in excess of CYP 100.000 mostly made to wealthy and well connected individuals. An effort by the BOC Management to clean up prior year debts mostly relating to share

Total registrations of motor vehicles during the first six months of 2005 decreased by 5.0% to 25.486 from 26.829 vehicles in the same period of 2004, the Statistical Service announced. Private saloon cars decreased to 19.326 from 20.649 in January–June 2004, i.e. there was a decrease of 6.4%. Of the total private saloon cars, 9.095