Galanos may depart from SOE

Alexis Galanos, former President of the House and Chairman of the Council of Economic Advisors (SOE), may resign from his post now that the work of the Council has been acknowledged and

Cyprus Development Bank records profit

Audited results of the majority state-owned Cyprus Development Bank for 2004 report a turnaround, with profit before provisions for non-performing loans reaching CYP 1.9 mln compared with a loss of CYP 2.7

Euro-zone and EU25 GDP up by 0.5%

Germany picks up Real GDP grew by 0.5% in both the euro-zone and the EU25 during the first quarter of 2005, compared to the previous quarter, according to flash estimates published by