No official launch date yet The CSE will begin a one month testing period from May 22 until June 22, during which time members of the CSE and the ASE will engage in mock transactions ahead of the official launch of the common trading platform. CSE Chairman Akis Kleanthous told the Financial Mirror that by

LTV and CYTA announced to the Competition Commission that no formal agreement exists between the two for content provision, adding that they only have an “intent” to cooperate. The move is seen as taking the heat off Competition Commissioner Georgos Christofides, who needs to make a decision soon on whether or not the deal stifles

Only 3 out of 10 new drugs make money The world’s big pharmaceutical companies have joined forces in Cyprus to form the Cyprus Association of Research & Development Pharmaceutical Companies (KEFEA). Formed among the top pharmaceutical companies in the world, KEFEA’s mission is to “provide Cypriots with quality healthcare & access to new medicines”. Speaking

Arrivals of tourists to Cyprus rose year on year for the first time since October in April 2006, recording an increase of 12.5% to 206,548, compared with 183,561 in April 2005. However, despite the moderately good news, this holiday-related increase was not enough to offset the steep decline recorded in March. Arrivals of tourists dropped

Egnatia Financial Services have lifted their target price on the shares of Laiki Bank to CYP 3.82 from the previous CYP 3.40 following the release of the first quarter results. Based on the stock’s last price, this implies a 25% upside potential. The “Buy” recommendation is maintained. Laiki delivered another strong set of results with

Questions about Cyprus Lithuania will be told today that it cannot join the euro, because its inflation rate is around 0.03% above the target, according to reports in FT.com, thus sparking concerns that the EU authorities will be much tougher with all countries hoping to adopt the euro, including Cyprus. Lithuania beat Cyprus to the

Minister of Commerce, Industry and Tourism George Lillikas told a press conference on Monday that there are possibilities of finding hydrocarbon deposits in the southeastern Mediterranean, according to the results of research in Egypt. Indications regarding hydrocarbon deposits in the sea area south of Cyprus are positive and the Cypriot government is proceeding with the