TTTTHHHHEEEE FFFFIIIINNNNAAAANNNNCCCCIIIIAAAALLLL MMMMIIIIRRRRRRRROOOORRRR TTTTHHHHIIIISSSS WWWWEEEEEEEEKKKK
forecasting tools. If the analysts are correct, then the 9-month results beat the 2014 all-year profits of CYP 21.1 mln.
Land prices in the north have rocketed by 172% in two years and housing by 36%, according to research by Stelios Platis and PRIO. This pace is much faster than in the south where land prices rose by 14% and houses by 10%. The results will be announced at a conference on “peace building in divided societies” that will also look into property, immigration, and teaching of history.
Societe Generale Cyprus is offering investor loans to thousands of Bank of Cyprus shareholders to help them exercise their rights into shares during the Dec. 13-19 conversion period. BOC rights (BRCI) debuted at 16.2c when fully-paid shares traded at CYP 2.40. The offer is to convert 6 rights into 1 share at CYP 1.40.
Foreign exchange inflows, particularly since the Cyprus pound joined ERM II in May, have reached CYP 542 mln, from just 5 mln a year before.
After a dip in September, tourism arrivals recovered in October, rising 4.8% year-onyear, with the year-to-date figure up 6.2%. The UK market was up 3%, Germany and Greece fell, but the flow from Russia continued to improve, up 37% having already increased 49% in September, due mainly to smoother visa procedures.
Oh, and by the way, was sworn in as Germany’s first female Chancellor, with 397 of 448 votes in a ‘grand coalition’ of the CDU/CSU and former rivals SPD.