The CSE suspended trading in the shares of Lanitis Bros. and Alkis Hadjikyriakou (Frou-Frou) pending the possible submission of a hostile bid by FBI to acquire LB. FBI has called an emergency board meeting Friday morning to discuss the possibility of submission of a hostile bid, which if approved would be counter to the bid

The House of Representatives approved on Thursday the State Budget for 2006. A total of 51 deputies present voted in favour of the budget while the deputy of the European Democracy Prodromos Prodromou voted against. The vote comes after a three-day debate at the House. The State Budget for 2006 presented a net income of

Bid speculation and the search for the next Cyprus listed company that may become a takeover target helped push 40 titles higher on Friday, mostly small to middle size, at a time when the majors were either lower or unchanged. The GENX closed 0.27% lower at 104.67, and the CSE Main/Parallel index was down 0.35%

After a reasonably strong October when tourist arrivals rose by 4.2% year on year, arrivals of tourists took a dive in November, dropping by 8.1% compared with November 2004, or more than 9,200 people, to 104,822. This disappointing performance pulled down the year-to-date growth in arrivals to 5.5% year on year in the first 11