Motor vehicle registrations fell again compared with the year earlier in October, as buyers waited for the cuts in excise duties which were passed in early November. In October 2006, registrations of motor vehicles fell by 30.8% compared with October 2005, to 2,433, from 3,516 in October 2005. For the period January-October 2006, total registrations

Office buildings collapse   Growth in the number of building permits authorised slowed to 11.9% year on year in January-August, from 13.6% in January-July, reaching a total value of CYP 939.7 mln. Civil engineering projects continue to rise the fastest, increasing by 38.2% year on year in number and by 58.5% in value, to CYP

Logicom Pcl (LOG) shares came under heavy selling pressure Friday after it emerged that a former director (GG) who had previously resigned was selling major packages through the CSE. LOG dived 9.6% to EUR 1.59 from its previous close of EUR 1.76 on 608.000 shares volume, bucking the rising trend of the CSE GENX, which

Hellenic Bank Pcl (HB) is keen to develop cooperation deals with specialised partners rather than seek direct mergers or acquisitions in order to expand its business with a good possibility that it may soon be in a position to revise higher its 3-year Strategic Plan targets. HB CEO Makis Keravnos told the Financial Mirror in

Moody’s Investors Service, the credit rating agency has changed Bank of Cyprus’ (BOCY) outlook to positive from stable for the Baa1 foreign currency long-term deposit rating and D+ financial strength rating (FSR). Moody’s also changed BOCY’s outlook to positive from stable, for its Baa1 foreign currency senior debt and Baa2 foreign currency subordinated debt ratings.

Moody’s Investors Service, the credit rating agency has improved the rating on Hellenic Bank (HB) outlook to stable from negative for the D Financial Strength Rating (FSR). Moody’s also affirmed the bank’s Baa2 long-term foreign currency debt and deposit ratings and the Prime-2 short-term foreign currency deposit and commercial paper ratings, with stable outlooks. According

The dollar remained stuck within tight ranges on Thursday ahead of the release of key U.S. trade data later in the session, which economists forecast show a slight improvement. The U.S. trade figures at 1330 GMT are expected to show the deficit narrowed to $66.0 bln in September from the record $69.9 bln the previous

UK interest rates are expected to rise to a five-year high of 5% after the Bank of England’s lunchtime meeting. The predicted raise from 4.75% would be seen as a bid to cool inflation. Currency strategists said there was some scope for disappointment from the BoE’s post-meeting statement as investors are looking for as much