The N.K. Shacolas Group confirmed press reports that it is engaged in advance negotiations with Carrefour for the possibility of a strategic cooperation, which will pave the way for the expansion of Carrefour into Nicosia. The report confirmed an earlier report in the Financial Mirror published a month ago regarding the prospects of Carrefour securing

The government is contemplating the purchase of Eurocypria, the charter subsidiary of Cyprus Airways and its conversion into a scheduled airline in the event that unions reject the government?s rescue and restructuring plan on Friday. Government Spokesman Kypros Chrysostomides told reporters that the Council of Ministers has given the go-ahead to the Minister of Communications

Citing a report by Moody’s, the international rating agency, Laiki Bank officials said their rating will not change and the outlook for the bank remains unaffected even if HSBC decides to dispose its stake in the Bank. Mirroring earlier reports by the Financial Mirror regarding intense rumours that HSBC, with a 21.3% stake in Cyprus’

Plans by the Cyprus Stock Exchange to link up with the Athens Stock Exchange through a common trading platform where brokers from both markets would have access to the other country stocks, will delayed by at least three months. Instead of the planned launch date of January 1, 2006, CSE Chairman Akis Cleanthous confirmed that