The takeover bid for 100% control of Lanitis Bros. Public Co. Ltd. the local bottlers of Coca-Cola in Cyprus from the Greek 3E is expected to be priced at 17-20 cent per share according to unconfirmed reports. Following the announcement of the bid interest, the share price of LB on the CSE rallied double limit-up

Areeba, the island’s alternative mobile service provider, has launched its Areeba Mobile Data Card allowing users mobility and access to the Internet at the fastest speed available. Geared mostly at notebook users, the areeba mobile data card, retailing at CYP 199 plus VAT, slots directly into notebooks, giving customers access to email and the Internet.

Accessories maker Genius is bringing two new ergonomically formed mice for laptop users onto the market. The Ergo 300 and Ergo 3000 are intended for mobile work in even the smallest of spaces and on unusual surfaces, announced the firm from Langenfeld, Germany. To handle these challenges, the mice include a special sensor and a

A massive over-subscription during the 10-year bond and 52 week T-Bill auction caused a plunge in bond yields, which hit a new record low amid signs of further interest rate cuts in the near future. During the 10-year bond auction held on November 30, the Central Bank, acting on behalf of the government received a

Glory Technology Ltd., one of the leading technology companies has received the Export Merit for Services during the 2004 Cyprus Export Awards ceremony, organised by the Commerce, Industry and Tourism Ministry and the Cyprus Chamber of Commerce and Industry (KEVE). Glory Technology received the award for providing comprehensive IT and advanced turnkey solutions, as well

The profit performance of the 21 public companies reporting their nine month results showed a mediocre performance, with total profits actually declining, if the spectacular results of Bank of Cyprus and Laiki Bank were to be excluded. The 21 CSE listed companies that announced their results reported a total of CYP 109.82 mln in net

International Banking Units based in Cyprus (previously known as “offshore banks”) are rushing to buy Cyprus pounds in order to comply with a Central Bank of Cyprus directive ordering them to hold 2% of all their deposits as Minimum Reserve with the Central Bank from January 1, 2006. According to Financial Mirror calculations, the IBUs