IMC to reopen as home, office store

The International Merchandising Centre (IMC), the landmark building just off the highway leading into the capital, will close for refurbishment once the Cyprus Stock Exchange has moved out in May and will

BOC gains another 4.2%

Bank of Cyprus shares powered to another record close, gaining a spectacular 13 cent or 4.26% on Wednesday to yet another record close of CYP 3.18, which matches a previous high since

BOC profits seen up 88%

A sudden increase in the share price of Bank of Cyprus on Wednesday was attributed to reports circulating in Greece that the Bank’s net profits for 2005 are forecast to increase by

Filoktimatiki cuts ‘05 dividend

Filoktimatiki decided to cut the 2005 dividend to 2.25 cent per share from 3.75 cent per share in 2004 following a decline in net profits for the year due to a drop

FBI lifts dividend on higher profit

Alkis Hadjikyriakos (Frou-Frou) Biscuits, the island’s largest biscuits, chocolate and cereals manufacturer and importer/distributor announced an increase in its final dividend to 0.37 cent per share for 2005 from 0.36 cent per

Société Générale opens Paralimni branch

Société Générale Cyprus (SGC) recently inaugurated its new Paralimni branch in a ceremony attended by a number of selected guests, leading business people, politicians and government officials, including the Mayor of Paralimni