Cyprus GDP growth up at 3.7%

The GDP growth rate in real terms during the second quarter of 2006 is estimated at 3,7% over the second quarter of 2005, the Statistics Service reported. In the first quarter, GDP

BOC Chairman Rologis resigns

Bank of Cyprus Pcl Chairman Vassilis Rologis tenders in his resignation following a major board battle on Thursday after intense reports of short-comings and responsibility over the way the Emporiki bid was

Marfin wants more Laiki shares

…No problem with Sivet Marfin Financial Group Vice-Chairman Andreas Vgenopoulos is confident about the future prospects of the Laiki Bank Group, in which Marfin is the single largest shareholder and intent to

Euro awaits jobs report

The euro held steady near a six-week high against the yen and hugged tight ranges against the dollar on Friday ahead of a closely-watched U.S. payrolls report which could shed light on

Banks lift profits by 181%

First half exceed last year’s profit Cyprus’ four banks listed on the CSE continued to surprise on the upside by delivering a strong set of first-half results, with their combined profit jumping

Louis buys Orient Queen for Greek market

$22 mln deal to get 80-90% finance from banks Louis plc is taking delivery of the 850-passenger Orient Queen, the five-star cruise liner chartered by the U.S. Dept. of Defence to evacuate