Greek Cypriot goods will be allowed into northern Cyprus for sale following a decision by the Turkish Cypriot administration’s council of ministers on Wednesday. Spokesman Huseyin Celal said that the list of goods that could be traded would be announced by the administration’s economy ministry, while sources at the Turkish Cypriot Chamber of Commerce told

The European Central Bank’s Governing Council made no change in interest rates for the 12-nation euro area at its meeting on Thursday March 3. The main refinancing rate–the minimum bid rate on refinancing operations–remains at 2.00%, while the marginal lending facility remains at 3.00%. Few expected interest rates to rise, following data showing the euro-area

The first fundamental change to affect investors when the Cyprus Stock Exchange and the Athens Stock Exchange launch their common trading platform in the last quarter of 2005 will be the shift to a euro based transaction system, said CSE Chairman Akis Kleanthous. Speaking at a news conference to announce details of the deal signed

The Consumer Price Index for February 2005 increased by 0,03 units or 0,03% to 118,75 units compared to 118,72 in January 2005, the Statistics Department announced. This is mainly due to increases in the prices of petroleum products and medical care while decreases have been recorded in the prices of telephone rates. The rate of

The Greek market was up due to banking sector strength following a good set of results, OPAP on the back of analyst target price upgrades and PPC as a result of a smooth transition to the new management. Moreover, we note the strength of Intralot, Motor Oil and Intracom shares and the weakness of Cosmote

Achilleas Kyprianou, the Vice President of the board of Cyprus Airways (CAIR), resigned Thursday amid the public furore over the troubled national carrier’s labour conflicts. Kyprianou, a veteran member of the board and elder brother of EU Health Commissioner Markos Kyprianou, disagreed with the board decision to sack 22 cabin crew that resulted in the