Blog - Page 4834

CoE Congress President hopes for dialogue

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The Council of Europe hopes to stimulate dialogue among local leaders in Cyprus, following the visit by the President of the Congress of Local and Regional Authorities of the CoE Giovanni di Stasi to Cyrus on Thursday. Di Stasi is understood to have met representatives of local authorities on both sides of the island. Di

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Bid interest for ITTL

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European Funds and Investment companies are reported to have expressed an interest to acquire all of the share capital of ITTL Trade Tourist and Leisure Park Ltd, which is the owner of the Shacolas Emporium Park that among others will house an IKEA and other super stores. Nicos Shacolas, Executive Chairman of the Woolworth (Cyprus)

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Former Cyprus president has dinner with Talat

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Former president Glafkos Clerides had dinner with the Turkish Cypriot leader Mehmet Ali Talat and his wife at his residence on Thursday night. Some Greek Cypriots were clearly displeased that Clerides chose to have dinner at the place referred to by the Turkish Cypriot administration as the presidential palace. However, the government spokesman, George Lillikas,

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Options Q1 profit up 8%

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Options Cassoulides Pcl (OPT) issued its first quarter 2006 results, whereby net profits increased 8% year on year to CYP 240.000 compared to CYP 222.000 a year ago in the same period in Q1’05. EPS were 0.5 cent, unchanged compared to a year ago. Revenue declined by 5% to CYP 4.87 mln due to lower

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Hellenic profit up 130% in Q1’06

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Hellenic Bank Public Co. Ltd. (HB) lifted first quarter profit by 130% year on year to CYP 6.83 mln from CYP 2.96 mln a year ago in the same period and very close to the CYP 7.5 mln reported for the whole of 2005. The improvement in the results came on the back of a

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