Suphire head released

The CEO of Suphire Group, Yiannos Andronikou was released without charge on Sunday following 20 days in detention after the public prosecutor decided not to seek the renewal of the remand for

Gerik bid for Pharmakas succeeds

A. Panayides Contracting Public Ltd. (APC) announced that the Public Offer of Gerik Investments Limited seeking to acquire Pharmakas Quarries Ltd dated February 24, 2005, has ended successfully. Gerik announced that upon

Soc Gen abandons Emporiki bid

Societe General (Cyprus) is reported to have withdrawn its interest to acquire the operations of Emporiki Bank in Cyprus amid reports that it could not reach a deal with the powerful bank

HICP stable at 2.4% in March

The Harmonised Consumer Price Index (HICP) in March recorded an increase of 2.4% compared to the corresponding index of March 2004, the same increase as that recorded in February. HICP climbed by