Bid speculation boosts CHR higher

Bid speculation that Carrefour of France may submit a bid seeking participation in the share capital of Chris Cash & Carry (CHR), helped boost the share price higher, which on Friday closed

Cyprus pound CYP 0.5797/euro Thursday

The mid-rate between the spot exchange rates at the close of the fixing session of the Cyprus Foreign Exchange Market on Thursday was 0.5797 Cyprus pounds per euro. This was 0.96% stronger

CDB appoints 2 new board members

The Cyprus Development Bank (CDB) announced that the Council of Ministers has appointed new board members to replace the two who resigned in March. The new members are Nicos Hadjinicolaou, a senior

Inflation rises to 3.1% in April

Consumer price inflation picked up in April to reach 3.1% compared with the same month of 2004, compared with a rate of 2.9% in March. On a month-on-month basis, the consumer price