Harvest Capital Management Public Ltd. (HCM) announced the termination of its fund management contract with Suphire Securities & Financial Services until such time that the SEC lifts its ban on the provision of a number of EPEY services. Harvest is also seeking the transfer of all its shares to the Central Registry of the CSE

Cyprus Airways (CAIR) announced the sale of its A320 Airbus aircraft to the US-based Aeroturbine Capital Corp. for USD 11.150.000 in cash. The A320 will be delivered in the next few days, according to the official announcement. The A320 sold is one of the two excess aircraft that CAIR wished to dispose. The other one

ANALYSIS Investment strong, but build-up of stocks a concern Financial sector also booms Preliminary figures from the Statistical Service (CYSTAT) giving a full breakdown of gross domestic product (GDP) figures in 2004 show that real GDP growth recovered to 3.7%, up from 1.9% in 2003, and was thus slightly higher than recent estimates by the

The government is planning to purchase the 8 year-old desalination plant at Dhekelia, ahead of the expiry of the contract with owners Karamontani in 2008, with a view to offering a BOT contract to refurbish the plant. The government has already put out a tender to find a new BOT contractor to refurbish the plant

After what appeared to be a slowdown in motor vehicle registrations in December and January, motor vehicle registrations resumed their year-on-year climb in February, rising by 27% compared with February 2004. Passenger car registrations rose by 39.6% year on year, having recorded a decline of 2.3%year on year in January. For the whole of 2004,