Astarti records profit increase

Astarti Development Pcl (AST) reported its preliminary FY04/05 results for the period ended 31 October 2005. Turnover increased by 2.0% YoY to CYP 1.69 mln in FY04/05, while EBIT remained unchanged compared

Cyprotel losses increase

D. H. Cyprotels Pcl (DHH) reported its preliminary FY04/05 results for the period ended 31 October 2005. Turnover increased by 13% to CYP 14.6 mln in FY04/05. Net losses increased by 373%

OPT buys into Dubai publishing co.

Options Cassoulides Pcl (OPT) announced that its subsidiary company, Options Cassoulides Global Publishing Ltd reached an agreement with Dubai Media City, to acquire 75% of the share capital of Nicholas Publishing International

Piraeus Bank bids for EURO

Piraeus Bank of Greece announced its intention to bid for full control of Euroinvestment & Finance Public Co. Ltd. (EURO) share capital that it does not already own at the price of

10-year bond yield break below 4%

The yield on the benchmark 10-year bonds finally broke below the 4% level during the last auction held in 2005 marking a record decline from the 6% level at the start of

Helios disaster cost Libra CYP 5 mln

The tragic airline disaster of August 14, 2005 which resulted in the crashing of a Helios Airways aircraft close to Athens resulting in the death of 121 lives cost Libra Holidays Group

Carrefour to expand network in Cyprus

The N.K. Shacolas Group confirmed press reports that it is engaged in advance negotiations with Carrefour for the possibility of a strategic cooperation, which will pave the way for the expansion of

State may buy Eurocypria

The government is contemplating the purchase of Eurocypria, the charter subsidiary of Cyprus Airways and its conversion into a scheduled airline in the event that unions reject the government?s rescue and restructuring