BOC dives, budget deficit revised down

Bank of Cyprus shared took a dive as shareholders rushed to sell and raise cash for the upcoming rights issue, while the government revised down its 2005 budget deficit to 2.5% of GDP, according to the issue 645, on November 16, 2005.

Bank of Cyprus shares fell 2.4% to CYP 2.47 in anticipation of the one-for-six rights from which the bank aims to raise CYP 110 mln at an

BOC rights: