Financial Mirror (Cyprus) - - FRONT PAGE -

CSE prof­its up:

CSE-listed com­pa­nies more than quadru­pled their com­bined first half prof­its to CYP 200.4 mln from 48.3 mln in the year-ear­lier pe­riod, also sur­pass­ing the all-year 2005 gains of CYP 164.3 mln. Of the 142 listed com­pa­nies, 96 of them or 68% were prof­itable in the first half, an­nounced on the eve of the launch of the com­mon trad­ing plat­form with the Athens stock ex­change. Bank of Cyprus was the most prof­itable boost­ing 1H prof­its by 172% to CYP 85 mln, fol­lowed by Laiki (+111%) at 38.2 mln, Deme­tra In­vest­ments with 17.5 mln, Hel­lenic Bank (+1686%) at 15.2 mln and In­ter­fund with 12.3 mln.

Den­mark’s Prime Min­is­ter An­ders Fogh Ras­mussen, in Ni­cosia for an of­fi­cial visit, said



he ex­pected from Tur­key the full and un­con­di­tional im­ple­men­ta­tion of the Ankara pro­to­col, “which im­plies re­moval of all ob­sta­cles to the free move­ment of goods and free ac­cess to ports and air­ports for all EU mem­ber states, in­clud­ing Cyprus.” He said the ne­go­ti­a­tions on a num­ber of chap­ters will de­pend on Tur­key’s im­ple­men­ta­tion of its obli­ga­tions to all mem­ber states. “Non-com­pli­ance may have se­vere con­se­quences on the ne­go­ti­a­tions be­tween Tur­key and the EU.” (

Louis ex­pands:

Louis Plc, the big­gest tourism group in Cyprus, said it will look be­yond the is­land’s shores for ho­tels and cruises, as it an­nounced a turn­around in prof­its to CYP 5.6 mln.

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