Cyprus Airways discussions continue The meeting of Cyprus Airways managers with union bosses in the presence of three government ministers was adjourned for 4pm today following yesterday’s inconclusive meeting in Nicosia. Trade unions said they were not consulted by the government in preparing the final draft of a rescue package submitted to the European Union

Laiki Bank shares powered 1.16% ahead on Tuesday, pushing the CSE GENX to a record close following news that the island’s second largest financial group has acquired a bank in Serbia in the first overseas takeover by a Cypriot bank. Laiki shares were the most active on Tuesday with 324,412 shares changing hands for a

The House of Representatives approved the new personal income tax legislation, pending since May 2004. Specifically the main changes of the new legislation include that companies and self-employed persons with revenues over CYP 40,000 are obliged to keep proper accounting records, that Income tax returns should only be submitted by physical persons with revenues exceeding

Interfund Investments Public Co. Ltd has decided to pay an interim dividend of 0.75 cent per share or 7.5% on nominal value for a yield of 6.5% based on current prices. The records date has been fixed for November 18. As of November 16, the stock will trade ex-interim dividend and the dividend will be

Confine Investments Public Ltd. has submitted a takeover bid seeking to acquire the 50% plus one vote of the share capital of Finikas Amochostou Investments at 32.5 cent per share in cash for a total deal value of CYP 406.250. Confine states that it is seeking a max. 50% plus one vote or minimum 20%

Bank of Cyprus shares trading in Greece will join the FTSE/ATHEX 40 index as of April 2006 following a decision by FTSE International to change its rules in order to allow the listing of titles whose headquarters are not in Greece. BOC, which is currently ranked as 14th largest market cap stock in Greece has