Gerik submits takeover bid for PHA

The CSE Council approved the public offer made by Gerik Investments Ltd, a subsidiary of A. Panayides Contracting Pcl, for the acquisition of part of the share capital of PHA not controlled

Common platform to boost interest

Cooperation between the Cyprus Stock Exchange (CSE) and the Athens Stock Exchange (ASE) to create a common platform “marks a new era for the Cypriot stock exchange,” said CSE President Akis Kleanthous.

Inflation inches down to 2.8%

The consumer price inflation rate inched down to 2.8% year on year in February 2005, compared with 2.9% in January. On a month-on-month basis, prices remained almost the same, rising by just

VAT on taxis drops to 8%

The VAT rate for taxi journeys is set to drop to 8% from the current 15% following a decision by Minister of Finance Makis Keravnos. The minister had come under pressure from