Vassiliko issues negative profit warning

Vassiliko Cements Public Company Ltd (VCW) issued a negative profit warning with respect to its first half 2008 results. According to the announcement, the Group’s profits for 1H 2008 are expected to

Cyprus hoteliers fear airline crisis

The Cyprus Hotel Association (Pasyxe), the biggest group of hotel owners and operators on the island, fears that the ongoing worldwide economic crisis and the soaring fuel prices will have a serious

Bank of Cyprus bond issue over-subscribed

Bank of Cyprus announces that the issue of up to €573.409.701 Convertible Bonds 2013/2018 has been oversubscribed with total subscriptions amounting to €583 million. This great success strengthens the capital base and

Cyprus shipping fleet declines in 2007

The Cyprus shipping fleet declined again in 2007, according to the annual report, Transport Statistics produced by the Statistical Service. At the end of 2007, 1,790 ships were on the Cyprus Register