Global to shift to Alternative Market

Global Consolidator, formerly Globalsoft which is under court order to freeze its transactions with its CEO has decided to shift out of the CSE’s Parallel Market to the Alternative Market following its

Cyprus economy doing well

The Cyprus economy is doing well and is on track to meet its target for entry into the eurozone according to Finance Minister Makis Keravnos. Speaking before the House Finance Committee meeting,

CB snubs BOC over debt writeoffs

The Central Bank has rebuffed efforts by Bank of Cyprus to writeoff up to CYP 148 mln in sour debts from its books, refering to debts in excess of CYP 100.000 mostly

Motor vehicle sales plunge

Total registrations of motor vehicles during the first six months of 2005 decreased by 5.0% to 25.486 from 26.829 vehicles in the same period of 2004, the Statistical Service announced. Private saloon

Lefkoniko report leaked

The Board of Directors of Lefkoniko have decided to forward the extensive reports prepared by independent auditors and the internal auditor of the company, which were leaked to Philelfteros to the police