The ease with which Bank of Cyprus Pcl (BOC) surpassed analyst expectations regarding its 9M06 profit that increased 158% YoY to CYP 130 mln have led the Bank to decide to revise higher its targets, BOC CEO Andreas Eliades said. “We are on track to beat our own year-end estimate of CYP 160 mln, which

Following the election of Paphos Bishop Chrysostomos as Archbishop of Cyprus, the major investments of the Church in CSE listed titles will most likely remain stable. The combined stake of the Church including the share of autonomous entities such as the Kykko Monastry as well as the direct stake held by the Archbishopric in Hellenic

CLR Securities & Financial Services maintained its lead as the firm with the highest market share in terms of CSE trades during the first ten months of 2006, but CISCO managed to lead the table for October alone, followed by Egnatia Financial Services, which saw their rankings improve because of big block trading on the

Sharelink Securities & Financial Services has revised higher its forecasted profit and price targets on Bank of Cyprus Pcl following the release of the 9M results. “Currently we project PAT of €300m, €356m and €427m for 2006, 2007 and 2008, compared with our previous estimates of €276m, €323m and €399m, respectively” the head analyst of

According to the Statistical Service Cystat, industrial output prices rose slightly in September, as the index reached 124.3 (base 2000=100), a rise of 0.3% compared with August 2006. Compared with September 2005, total industrial output prices rose by 4.2%. Prices for export (5.9%) rose faster the prices for local consumption (3.9%). For the period January-September

Cyprus may remain among the lowest spenders on R&D in Europe, but spending on R&D is slowly inching upwards. On the basis of the results of the ad-hoc survey carried out by the Statistical Service for the collection of data on scientific research and experimental development (R&D). total R&D expenditure in Cyprus in 2004 is

The number of unemployed persons registered at the District Labour Offices on the last day of October 2006 reached 10,767 persons, the same level as in October 2005. Compared with the previous month, the number fell by 325 persons to reach 11,092. The Statistical Service reported that the decrease was mainly recorded in the sectors

Ajet has attempted to reassure the general public that its intentions have always been hounourable in order to protect the passengers, staff, business partners and creditors of the Company. “We have been in negotiations, for the last few months, for the aircraft currently leased by Ajet to be handed back to the Leasing companies and

During a presentation of Strategic Targets to institutional investors in London, on November 2, 2006 within the framework of the promotion of the common CSE-ASE platform under the auspices of BNP-Paribas, Options Cassoulides Plc presented its Strategic Plan for 2007-2008-2009.  The strategic targets include: The increase in the return of equity from 11% in 2005