Travel abroad accelerates y/y in July

More people travelled abroad in July 2010 than in July 2009, according to the results of the Passengers Survey published by the Statistical Service Cystat. The survey showed that 138,801 residents of

Cyprus economic sentiment up 2 pts

Cyprus business sentiment improved in August in line with an increase in economic sentiment, a survey showed on Tuesday. The economic sentiment indicator (ESI) rose 2 points to 73 units in August

Greek PPC/DEH H1 profit seen down 14% y/y

Greece's biggest electricity producer, PPC (DEH), is expected to report a 14% drop in first-half profit, hurt by higher fuel costs, taxes and lower power consumption as a result of Greece's ongoing

Piraeus Bank seen swinging to Q2 loss

Piraeus Bank, Greece's fourth-largest lender, is expected to report a second-quarter loss, hit by a one-off austerity tax and higher loan-loss provisions as the recession deepened. Piraeus will get the ball rolling