Christis Dairies books huge losses

Christis Dairies (CDL) reported a huge loss when reporting its 2004 preliminary results on the back of falling sales, and extraordinary losses sustained from the termination of unprofitable activities. Christis reported that

CSE dives as funds trim BOC positions

Equity prices on the Cyprus Stock Exchange (CSE) nose-dived 3% on Friday following a sharp decline witnessed in the shares of Bank of Cyprus trading in Greece. The stamepede for the exits

3E bid for LB receives more backing

Two more major shareholders as well as another board member of Lanitis Bros. threw their support behind the takeover bid submitted by 3E (Cyprus) Ltd., a wholly owned subsidiary of Greek Bottling

Government approves bet tax changes

The Council of Ministers approved a draft law according to which the taxation of fixed odds bets is moved from the punter to the companies organising the bets, with the main objective