The USD has come under pressure across the board. Even though there were no big changes to the FOMC statement, there were slight dovish undertones. In fact, the statement could be interpreted as a subtle upgrading of downside risks to both growth and inflation. In fact, the main section of the statement began with the

The European Union budget increased only narrowly in 2005, by 0.01% of EU Gross National Income (GNI), while benefits were shared by all 25 Member States. The biggest Member States got nearly 2/3 of total allocated expenditure, similarly to last year. The 10 new Member States are still gradually catching up; the relative impact of

A new report shows that the number of infringement cases opened by the European Commission for breaches of EU environmental legislation went down significantly in 2005. This is due to a more efficient way of handling complaints and infringement proceedings on the part of the Commission, together with swifter action by Member States to comply

The CSE Council announced that it has accepted the listing of 20,078,974 nil-paid rights of the Cyprus Popular Bank Public Company Ltd, pursuant to Article 58(I) of the CSE Law. The nil-paid rights were allocated to the ratio of 2 rights for every 3 shares of nominal value £0.10 cents. Each right exercised will be

Louis plc announced that its subsidiary, Louis Hotels Public Company Ltd, has sold the Louis Helios Beach Hotel, consisting of 108 rooms in the island of Kos against the sum of CYP 2.6 mln or €4.5 mln. The sale falls within the framework of the Company’s strategy to concentrate on the management and development of