The CSE decided to keep the title of New Marathon Tours Public Co Ltd. in its Special Category despite the fact that the company finally released its final accounts for 2005. The CSE said its decision is based on the fact that despite the improvement in the accounts, the financial viability of NMT is in

The Cyprus Popular Bank Public Company Ltd (Laiki Bank) announced that it has entered into an agreement to purchase certain of the assets and liabilities of the Nicosia Branch of HSBC Bank Plc. These assets and liabilities are customer loans of CYP 20 mln and related guarantees and customer deposits of CYP 77 mln. The

The harmonised consumer price inflation rate (HICP) measured according to EU-compatible criteria eased to 2.5% year on year in April, compared with 2.6% in March and 2.3% in February, according to the latest data from the Statistical Service CYSTAT. On a year-on-year basis, the fastest rising category was that of housing, water, electricity and gas

Nine months after the air crash in Athens that killed all 121 people on board, the Cyprus government has decided to set up an investigation committee consisting of one person to investigage the the cause or cuases of the crash of the Helios Airways flight that left Larnaca airport in August 2005. Former Supreme Court

…Oil at $80 will force growth to 3-3.5% The Cyprus economy is on track for another impressive year of growth in 2006 with inflation under control and the fiscal deficit declining according to government forecasts, but the rising oil prices is a worry that may affect the global and Cyprus economy. Finance Minister Michalis Sarris

…Profit target for 2006 raised Bank of Cyprus Group beat market expectations by a wide margin and delivered a fantastic set of first quarter results, lifting net profits by a whopping 132% with the added bonus that the full year results, previously expected at CYP 120 mln are now forecast to exceed, probably ranging between