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Financial Mirror (Cyprus) - - FRONT PAGE -

from CYP 48.3 mln a year ear­lier to 200.4 mln, beat­ing the 2005 all-year fig­ure of CYP 164.3 mln. Of the 142 com­pa­nies, 96 were prof­itable. The news comes ahead of the launch of the com­mon trad­ing plat­form with the Athens Stock Ex­change in Oc­to­ber.

The Cen­tral Bank of Cyprus raised its ba­sic in­ter­est rates by 0.25% in a bid to curb in­fla­tion which reached 3.22% in July. The Lom­bard and Overnight De­posit rates were raised to 4.50% and 2.50, re­spec­tively, and the repo rate at 4.50%.

The Paphos Opera, stag­ing Verdi’s “Un Ballo Maschera” with the Mari­in­sky theatre, and the Cyprus Rally later in Septem­ber, are ex­pected to boost the tourism sec­tor, with ar­rivals up a mar­ginal 0.7% in July and year-to-date ar­rivals up only 1.3%, due to a drop from Ger­many.

Her­mes hiked park­ing rates by 300%, with the first 20 min­utes free of charge and up to an hour pushed to CYP 1, from 30c be­fore.

Rate rise:

Opera

and

Rally:

Air­port park­ing:

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