10.08.2022
The Bank of Cyprus announced on Tuesday that its board of directors will meet on Tuesday 30 August 2022 to review the financial results of the Bank of Cyprus Group for the first half of the year ended 30 June.
Financial results will be announced on Wednesday, 31 August 2022, before the start of trading on the stock market, both on the London Stock Exchange and the Cyprus Stock Exchange.
According to a report published this week by the Statistical Office of Cyprus, the total number of registered cars in Cyprus decreased by 13.2% year on year in July 2022.
According to the latest data, the total number of registered vehicles in July 2022 was 2988 vehicles, compared to 3443 in July 2021.
Passenger sedans fell 14.2% year on year, falling to 2,326 registrations in July 2022.
Between January and July 2022, the total number of registered vehicles decreased by 6.3% year-on-year, down to 20,685 from the previous figure of 22,074.
During the same period, the number of sedan passenger cars fell to 16,427 from 16,979 in 2021, a 3.3% drop.
Of all passenger saloon cars registered, 7,240 or 44.1% were new cars and 9,187 or 55.9% were used cars.
Rental car registrations increased by 86.2%, with total registrations reaching 2,878.
Prime Market Research & Consulting CEO George Solomou said on Tuesday that the market research sector in Cyprus is very competitive, in part due to the small size of the country and a general reluctance to see the value of such services.
“This sector is really very demanding, and this becomes especially noticeable when you take into account global trends and how they are changing the lives of ordinary people, consumers and voters,” Solomou said. “In Cyprus, I believe the competition is even greater, as there are many research companies in a small market and that, at the same time, most companies and organizations have not yet included market research or other related services in their annual activities,” Solomou added.
The Cyprus Stock Exchange (CSE) ended Tuesday 9 August with a profit.
The overall Cypriot stock market index stood at 68.78 points at 13:10 during the day, reflecting an increase of 0.42% from the previous trading day.
The FTSE/CySE 20 index stood at 41.23 points, up 0.41%.
The total transaction value was 20,179 euros.
As for the sub-indices, the main index rose by 0.78%, while the alternative index fell by 0.22%. Indices of hotel and investment companies remained stable.
Bank of Cyprus (+0.94%), Hellenic Bank (+1.62%), Pandora (+7.02%), Demetra Holdings (no change) and CLR Investment Fund (no change) attracted the highest investment interest.
