Business - Page 2177

The rate of growth of the Cyprus economy in 2005 is seen at 4%, despite the negative consequences from a sharp increase in crude oil prices, Finance Minister Makis Keravnos said. Speaking

The Cyprus Stock Exchange GENX index ended the first half of 2005 with cumulative gains of 17.68%, after it closed at 85.38 points on June 30 compared to 72.55 points at the

New foreign borrowing in Cyprus continued to race ahead in May, rising by 20.8% compared with the same month of the previous year, according to Financial Mirror analysis, to reach CYP 1.4

Cyprus Airways is likely to see its fuel bill rise by a further CYP 5 mln this year following the 65% increase in crude oil prices since last year with more losses

Sharp swings in currency rates coupled with higher fuel costs are playing havoc with earnings forecasts made by Louis Public Co. (LUI), with Group Chairman Costakis Loizou saying no firm prediction is