In­va­sion of the Greeks, GDP growth at 4%

Financial Mirror (Cyprus) - - FRONT PAGE -

Cyprus com­pa­nies were be­ing snapped up by Greek in­vestors with ac­qui­si­tions in the past four years reach­ing CYP 170 mln, while the lat­est quar­terly pro­jec­tions see real GDP growth near­ing 4%, ac­cord­ing to the is­sue 649, on De­cem­ber 14, 2005.

Greece has be­come the big­gest sin­gle for­eign in­vestor mar­ket with com­pa­nies buy­ing up Cypriot firms, with Car­refourMarinopou­los tak­ing over Chris Cash and Carry for CYP 21.6 mln and Leven­tis-con­trolled Hel­lenic

Greek in­vestors:

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