Daily Archives: November 7, 2008

Archives November 7, 2008 posted by

Stocks plunge nine per cent

STOCKS plunged almost nine per cent yesterday, shaving off this week’s gains in the second consecutive negative session.

The Cyprus Stock Exchange general index dropped back to 1,525 from 1,700 on Tuesday.

Trading opened at 1,600, the highest level hit during yesterday’s session and stayed in the red throughout.

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Archives November 7, 2008 posted by

Bank of Cyprus profits up despite the crunch

BANK of Cyprus nine month net profit edged up 1 per cent to €375 million, the island’s largest lender said yesterday, as it was largely shielded from the global economic crisis.  

Bank of Cyprus said it still expected to meet its net profit guidance for 2008 of €540 million and was proposing a €0.15 dividend to shareholders.  

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Christofias stresses commitment to Armenian schools

LIMASSOL’S Narek Armenian Primary School, has been completely renovated and revamped with state funds.

President Demetris Christofias and House President Marios Garoyian were among guests at the new school’s inauguration ceremony on Wednesday night, and expressed the state’s support to the Armenian community.

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Priority on adoption reform

A GOVERNMENT bill reviewing laws on child adoption issues will be ready before the end of the year.

The House Labour Committee yesterday wrapped up discussions on the matter and now awaits the government’s suggestions on how to improve the law.

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