Business - Page 2039

Muskita Aluminium Industries Pcl managed to lift overall sales during 2005, but net profits declined due to higher depreciation, finance and energy costs. Total turnover increased by 5.89% to CYP 29.22 mln

Bank of Cyprus shares made a solo rally on the Cyprus Stock Exchange as Cypriot investors rushed to mark the Bank’s shares 13c or 3.62% higher in a vain attempt to keep

The European Commission has given a favourable assessment of Cyprus’ attempts to correct its “excessive deficit” identified in July 2004, saying that it “seems have corrected its excessive deficit in 2005”. “The

Cyprus President Tassos Papadopoulos has spoken out against any attempts to open up Turkish Cypriot trade, saying that it perpetuates the division of the island. Last month Turkey offered to implement the

A student and her boyfriend in Singapore featured in a homemade sex video that has been circulating on the Internet are unlikely to face charges, but the person who posted the video

The Supreme Court rejected the appeals of former chairman of AremiSoft, Lycourgos Kyprianou, and his wife, Ermioni, on Monday, as well as of their subsidiary holdings, ruling that these were unwarranted and