The Index of Industrial Production for February 2005, (Base 2000=100), reached 103.4 units. For February 2005 the Index recorded an increase of 3.5% compared to February 2004. For the period January-February 2005 the index showed an increase of 0.9% as compared to the same period of the previous year. For Manufacturing the Index for February

Cyprus Cement, the island’s second largest cement producer plans to hike cement prices by 8.5 to 9.5% or CYP 3 per metric tonne to cover rising production costs. George Galatariotis, Chairman of CSE listed Cyprus Cement (CCC) told the Financial Mirror that the CYP 3 per tonne price increase will be made from the beginning

The Central Bank of Cyprus announces that during the auction on 5 May 2005 for the acceptance of deposits, of 14-day duration, bids amounting to CYP 101.0 mln, were submitted and an amount of CYP 50.0 mln was absorbed. The weighted average allotment rate was 3.84%. The minimum and maximum allotment rates were 3.83% and

Bid speculation that Carrefour of France may submit a bid seeking participation in the share capital of Chris Cash & Carry (CHR), helped boost the share price higher, which on Friday closed well bid at 21 cent on CYP 19.700 volume. Reports that Carrefour had purchased a majority stake in the third largest supermarket chain