Business - Page 2181

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

But some results are problematic According to the latest Economic Sentiment Indicators published by the European Commission, economic sentiment in Cyprus declined on a seasonally adjusted basis for the third month in