Laiki price target lifted to CYP 3.82

Egnatia Financial Services have lifted their target price on the shares of Laiki Bank to CYP 3.82 from the previous CYP 3.40 following the release of the first quarter results. Based on

Lithuania told it can’t join the euro

Questions about Cyprus Lithuania will be told today that it cannot join the euro, because its inflation rate is around 0.03% above the target, according to reports in FT.com, thus sparking concerns

Lillikas positive about potential oil/gas finds

Minister of Commerce, Industry and Tourism George Lillikas told a press conference on Monday that there are possibilities of finding hydrocarbon deposits in the southeastern Mediterranean, according to the results of research

MCC profit at CYP 570.000

Multichoice (Cyprus) Pcl (MCC) reported its preliminary 2005/06 results, recording a net profit of CYP 570.000 and EPS 0.84 cent, compared to CYP 171.118 profit and EPS 0.25 cent recorded in 2004/05.

BOC approaches chart supports

BOC shares closed on the CSE at CYP 4.49 while on the ASE, the shares closed at EUR 7.88 or CYP 4.53 on Tuesday, indicating more sideways trading and possibly some consolidation

MFS wants to go back to Parallel

MFS Holdings Public Company Limited (MFS), which last week was kicked out of the Parallel Market to the Alternative Market because it did not fulfill the CSE minimum market cap criteria, says