Construction materials prices up 5.3% in 2007

Copper pipe prices up 57.7%   The price index of construction materials rose by 5.34% in January-December 2007, according to the Statistical Service Cystat. For December 2007 alone the index reached 141.79

Cyprus industrial turnover up 15.1% in Oct 2007

The industrial turnover index (comprising mining and quarrying, manufacturing, electricity, gas and water supply) for October 2007 reached 157.4 units (base 2000=100), recording an increase of 15.1% compared to October 2006. For

Bank of Cyprus profits sustainable

…no exposure to sub-prime risk Bank of Cyprus profits are sustainable based on core banking operations and excellent relations built with clients in Cyprus and abroad, said Bank of Cyprus Group CEO

Cyprus Tax receipts up 41% in 2007

The Cyprus Inland Revenue Department reported that total tax revenue during 2007 jumped by a record 41% YoY to CYP 1.25 bln or EUR 2.13 bln compared to CYP 888.1 mln or

Stocks hammered; investors flee to bonds

Major Asian stock markets fell as much as 8 percent as panicky investors feared a U.S. recession could derail global economic growth, and a sharp drop in U.S. stock index futures pointed