Hellenic Bank (HB.CY) posted a 6% drop in first quarter net attributable profit to EUR 22.98 mln compared to EUR 24.35 mln in 1Q 07 on the back of sharply higher provisions
China's CBMI Construction Co Ltd was awarded one of the largest contracts ever signed between an EU member state involved in the cement industry and the largest deal ever assigned to a
A slump in Cyprus property prices led to a dramatic decline in revenue for the government, with receipts from capital gains taxes on mostly property deals tumbling 17% YoY in the first
Phinikas Ammochostou Plc (CONF.CY) announced that it’s Prospectus for the issue Rights and warrants has been approved by the Securities and Exchange Commission and has secured permission for its publication on May
SFS Group Public Company Ltd (SFS) is forecasting that 2008 profit will increase to EUR 31 mln from EUR 30.3 mln reported for 2007 with significant improvements recorded in most areas of
The Cabinet approved a set of measures regarding the Social Insurance Fund (SIF) aiming to support the viability of the Fund up to 2050. Acting Government Spokesman Titos Christofides speaking after the
Derivative products based on component stocks of the Cyprus Stock Exchange (CSE) will be ready to be introduced before the end of 2008, said CSE Chairman Georgos Koufaris. Presenting CSE’s financial results
The Board of Directors of Aspis Holdings Public Company Ltd decided to proceed with the acquisition of shares of A.L. Prochoice Group Public Ltd. Specifically, Aspis Holdings proceeded with an off-floor purchase
Hermes Airports Ltd announced the appointment of Yanis Papastefanou as General Manager, Larnaka International Airport, effective Friday 16 May 2008, succeeding Curtis Grad, who is taking up a new role in Jordan
Foreign direct investment in Cyprus reached 1.5 billion euro in 2007, compared to 1.2 billion in 2006, according to data provided by Eurostat. Eurostat data show that 1.2 billion Euro came from
