Business - Page 1997

Germany plans to increase VAT from 16% to 19% as part of a wider tax set of tax increases that aim to bring the big budget deficit under control. The new VAT

Bank of Cyprus shares trading in Greece staged a spectacular rally on Friday, jumping 5.68% to close at EUR 7.44 or CYP 4.28, in sharp contrast to a big plunge on the

The final 25-year duration agreement regarding the construction, development and operation of the Larnaca and Paphos airports by Hermes Airports Ltd has been signed and operation has been transferred to the consortium.

Muskita Alumnim Industries (MAI) beat market expectations by reported a 42% jump in net profit in the first quarter of 2006 on the back of a healthy increase in sales and its

INTERVIEW Managing wealth is not an easy task, but at Hellenic Bank Private Banking, high-net worth individuals or those with more than CYP 50.000 to invest are promised a dedicated service, tailor-made

Selling pressure The global equity market shake hit Athens and BOC shares trading in Greece, which in turn hurt sentiment on the CSE. The negative mood eclipsed the fantastic set of first