Logicom Public Co. (LOG) reported a mild increase in first quarter profits, and for the first time revealed that operating profits from overseas operations were much bigger than profits from local operations. Total turnover during the first quarter ending March 31, 2005 increased by 2.2% year-on-year to CYP 22.23 mln from CYP 21.7 mln with

Exports continued to boom in March, recording a rise in Cyprus pound terms of 22.8% compared with the same month of 2004, while the pace of import growth slowed sharply. On the basis of preliminary estimates published by the Statistical Service CYSTAT, total exports/dispatches in March 2005 reached CYP 62.5 mln of which CYP 39.8

Cyprus Minister of Commerce, Industry and Tourism George Lillikas has discussed issues of cooperation with Israel in the fields of commerce and tourism with the competent ministers and institutions of Israel, during a two-day visit he paid to this neighbouring country. Speaking at Larnaca airport upon his return from Israel, Lillikas said that he met