BOC seen lifting H1 profits by 80%

Bank of Cyprus Group Public Co. Ltd. is seen lifting its first half profits by 80% on the back of a healthy increase in net interest income, higher trading gains and a

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