Cyprus’ trade deficit increased further during the first quarter of 2008 reaching 1.430,9 mln euro compared to 1.099,6 mln euro in January-March 2007, according to the statistical data released by the Statistical
But households are still spending Economic growth in Cyprus slowed in the first quarter of 2008 but remained fairly buoyant considering the global credit crunch. Gross domestic product (GDP) rose in real
The Cyprus based Aspis Holdings (ASP.CY) is to join international and Greek suitors seeking to acquire majority control of Agrotiki Insurance in a deal valued up to EUR 150 mln. Agrotiki Insurance,
Ukraine lawmakers rejected a proposed bill tabled by the Ukrainian government seeking to amend the Ukraine-Cyprus tax treaty, and instead called on their government to go back to the negotiating table to
Hellenic Bank Pcl (HB.CY) is not ruling out takeovers in Greece or in Russia to accelerate its expansion drive overseas with HB CEO Makis Keravnos revealing that the Bank considered two small
Former Finance Minister Makis Keravnos slammed the government over its handling of the alarming increase in the inflation rate, calling for effective measures to put an end to the rapid increase in
The shipping industry can be described as a successful example of foreign investment in Cyprus and a tool which attracts foreign investment and funds to the country, since the sector has proved
Trokkoudes & Kyros Public Co. Ltd., the new entrant on the Cyprus Stock Exchange made its trading debut in the Alternative Market with a 194% gain compared to its IPO/issue price of
The number of residents of Cyprus travelling abroad in April reached 91,675, marking a rise of 15.2% on the same period of 2007. The most popular destination was Greece, with 37,284 visits
The Supreme Court of Cyprus did not reach a final verdict on whether or not the decision of the Governor of the Central Bank, Athanasios Orphanides to strip Aspis Holdings – Commercial
