The major issues in today’s financial press are the nine-month results of Bank of Cyprus and the interest rate cut by the Bank of England and the European Central Bank. The “Economy” inset of...
The Bank of England and the European Central Bank decided on Thursday to proceed to an interest rate cut. The ECB cut its rate by 50 base points to 3.25%, the second in the past few weeks, since on...
06/11/2008
Inflation in October 2008 stood at 5.24% compared to 5.33% in September 2008 and 2.99% in October 2007. Inflation has been restrained due to the fuel prices and the sector of transportation....
06/11/2008
The Bank of Cyprus achieved profits of €375 million in the first nine months of 2008 against €369 million last year, showing an annual increase of 1%. This increase stemmed from the increase in the...
06/11/2008
The major issues in today’s financial press are the increase in the cost of borrowing, the election of Barack Obama as US President and the survey of Muhanna & Co Actuarial Services for the...
06/11/2008
According to Eurostat data released on Tuesday, industrial producer prices in Cyprus in September 2008 recorded an increase of 12.9%, which is above the EU27 and the euro area average, which stood at...
04/11/2008
The employment of foreign manpower is the sector with the most increased administrative cost for the business world of Cyprus, an OEB study concluded. The study, which covered companies from all...
04/11/2008
The Cyprus Stock Exchange enjoys significant gains on Tuesday, influenced by the positive climate in the international stock markets and the good performance of Bank of Cyprus. By the time this text...
04/11/2008
In a written announcement released today, DIKO urged the Electricity Authority of Cyprus to review its plans for an increase in electricity prices. It also urged the government to relieve the...
04/11/2008
In an announcement, the Electricity Authority of Cyprus rejected allegations that it will increase the electricity prices, stressing that after the gradual drop in the price fuel, electricity prices...
04/11/2008