Business - Page 2254

Egnatia stock market daily report

After several months of attempts, the yield during the 10-year bond auction finally broke below the 6% level, sending a powerful signal that investors are confident that Cyprus will manage to enter

Atlantic Insurance (ATL) recorded a satisfactory improvement in its 2004 results, lifting profits to CYP 1.18 mln from CYP 677.000 in 2003 on the back of an increase in premium income. The

Cyprus spent a miserable 0.33% of of Gross Domestic Product (GDP) on research and development (R&D) in 2002, falling far short of the average 2% for all 25 European Union member states.

The Economist Intelligence Unit (EIU), in its February Global Forecast, has revised up its forecast for US real GDP growth in 2005 to 3.3% from 3.1% on the back of stronger consumer

Lanitis Bros. (LB), the local Coke bottler and milk and juices manufacturer reported a highly disappointing set of results for 2004, with net profits nose-diving to CYP 463.832 from CYP 1.25 mln

A massive increase in provisions for doubtful debts forced Hellenic Bank (HB) to miss a rebound in earnings as is the case with the two other major banks, resulting in huge losses

The Board of Directors of the Bank of Cyprus (BOC) decided to recommend for approval at the Shareholders’ Annual General Meeting to be held on 18 May 2005, the payment of a