The first fundamental change to affect investors when the Cyprus Stock Exchange and the Athens Stock Exchange launch their common trading platform in the last quarter of 2005 will be the shift to a euro based transaction system, said CSE Chairman Akis Kleanthous. Speaking at a news conference to announce details of the deal signed

The Consumer Price Index for February 2005 increased by 0,03 units or 0,03% to 118,75 units compared to 118,72 in January 2005, the Statistics Department announced. This is mainly due to increases in the prices of petroleum products and medical care while decreases have been recorded in the prices of telephone rates. The rate of

The Greek market was up due to banking sector strength following a good set of results, OPAP on the back of analyst target price upgrades and PPC as a result of a smooth transition to the new management. Moreover, we note the strength of Intralot, Motor Oil and Intracom shares and the weakness of Cosmote

Achilleas Kyprianou, the Vice President of the board of Cyprus Airways (CAIR), resigned Thursday amid the public furore over the troubled national carrier’s labour conflicts. Kyprianou, a veteran member of the board and elder brother of EU Health Commissioner Markos Kyprianou, disagreed with the board decision to sack 22 cabin crew that resulted in the

The CSE misery has officially ended, following the announcement of the preliminary 2004 results, showing that the combined results of the listed companies is now in profit, the first time since 2000. According to CSE announcements compiled by the Financial Mirror, the listed companies recorded a CYP 160 mln turnaround in their combined results, reversing

The Industrial Output Price Index reached 114.2 units in January 2005, using a base of 2000=100. Although the month-on-month increase was mild, at just 0.4% compared with December 2004, the year-on-year increase was much higher, at 7.3% compared with January 2004.