The 15 stocks in the CSE’s Main Market sector have collectively boosted first quarter profits by 148% to CYP 59.31 mln with many titles nearing or exceeding the total profit declared for the whole of 2005. Bank of Cyprus Pcl (BOC) was the most profitable company on the Cyprus Stock Exchange, lifting profit by 132%
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Boost for venture capital On June 1 the European Parliament adopted the first “Competitiveness and Innovation Framework Programme” (CIP), which will grant EUR 3.6 bln to around 350,000 small and medium-sized enterprises (SMEs) between 2007 and 2013. The funding will be to support in particular innovation, energy efficiency, environmental technologies and a better use of
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…AEKL 4, DIKO 3 & EDEK 2 President Tassos Papadopoulos reshuffled his Cabinet Thursday, the first such move since he took office in March 2003. The ruling coalition parties maintained their share of participation in the Cabinet, with AKEL 4 Ministries, DIKO 3, EDEK 2 and 2 persons who are accepted by all. The composition
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Aspis Group SA of Greece, which will submit a public takeover bid seeking control of MFS Holdings Pcl aims to buy more Cyprus companies from the insurance and banking sectors, according to Aspis President Pavlos Psomiades. Speaking at a joint press conference with Lambros Christophi, the Chairman of MFS Holdings, Psomiades said that the Aspis
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Within Maastricht limits for now The harmonised inflation rate (HICP) for Cyprus in May was 2.5% year on year, the same rate as recorded in April, although higher than the 2.1% year-on-year rate recorded in May 2005. Prices rose by 0.2% compared with the previous month but there was a sharp difference among different categories.
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