Europrofit Capital Investors Public Co. Ltd. (ERP) announced that it has received approval to list its warrants on the stock exchange. ERP will list a total of 3.129.116 warrants in the ratio of 1 warrant for every 5 shares held by 12 May 2005. The shares will trade ex-warrant two days before the records date,

Cyprus Airways (CAIR) has exercised a call option to purchase the stake of AEF European Capital Investment BV in Hellas Jet, which amounted to 25% of the capital. Following the move, for which no financial details were made available, Cyprus Airways has lifted its stake in its Greek subsidiary Hellas Jet to 100%. A board

Societe General (Cyprus) is reported to have withdrawn its interest to acquire the operations of Emporiki Bank in Cyprus amid reports that it could not reach a deal with the powerful bank employees union, ETYK, on procedures under which it would take over the responsibilities for staff pay. Emporiki, with 12 branches in Cyprus and

The Harmonised Consumer Price Index (HICP) in March recorded an increase of 2.4% compared to the corresponding index of March 2004, the same increase as that recorded in February. HICP climbed by 0.9% month-on-month from February, with the clothing sector recorded the fastest gain while health prices fell according to the Statistics Department.

The tourism sector in Cyprus enjoyed an Easter bunny bounce in March, as arrivals of tourists leapt by 22.4% compared with March 2004, and reached 137,075. For the first quarter as a whole, arrivals rose by 10% compared with the corresponding period of 2004. The date of the Western Church’s Easter explains a large part