The Board of Directors of Interfund Investments Plc (INF) has decided to commence procedures to reduce the Company's share capital by 708.556 shares that are currently held by the Company under its share buyback programme. The Board of Directors of Interfund Investments also decided to propose to Publication: Financial Mirror (Cyprus) Full story

Aa-- Bank of Cyprus 2010 guidance on Thursday -- The three major banks, reporting their 2009 preliminary results this week will dominate the earnings calendar, but the real impact in the stock market will be felt on Thursday after Bank of Cyprus releases its guidance for 2010. The largest lender Publication: Financial Mirror (Cyprus) Full story

Industrial turnover continued to decline in November, according to the latest figures from the Statistical Service. The industrial turnover index reached 117.5 (base 2005=100), recording a decrease of 11.2% compared with November 2008. In the same period, industrial production fell by 6.4%. Full story

Fuel retailers in Cyprus decided on Monday to go on an indefinite strike as of Tuesday, in a reaction to a maximum price regulation announced earlier in the day. The government issued a decree on Monday setting maximum prices for 95 octane petrol, 98 octane and diesel, which will be in force for Publication: Financial Mirror (Cyprus) Full story

The drop of tourism arrivals in the quiet month of January was the mildest it has been in over eight months, as tourism arrivals fell by 2.4% over the year earlier to 45,952, compared with 47,066 in January 2009. In December the fall had been 8.2% and for the whole of 2009 tourism arrivals had Publication: Financial Mirror (Cyprus) Full story

The number of building permits authorised by the municipal authorities and the district administration offices during November 2009 fell by 8.6% over the same month of 2008 to 771, according to the Statistical Service. The total value of these permits fell by 28% to EUR 216.5 mln and the total area Publication: Financial Mirror (Cyprus) Full story

Deficit seen at 3.4% of GDP or EUR 575 mln Cyprus income tax receipts tumbled by 14% year-on-year to EUR 1.84 bln in 2009 from EUR 2.15 bln in 2008, according to the Inland Revenue Department, creating a gap of EUR 310.5 mln. The income tax gap of EUR 310.5 mln, when added with the EUR 265 mln Publication: Financial Mirror (Cyprus) Full story

Author: Stefanos Evripidou PRESIDENT DEMETRIS Christofias yesterday welcomed the "important" Orams ruling but remained low key in his response to what most parties applauded as a legal victory for Greek Cypriot refugees. Speaking on his return from Athens, Christofias said the decision that the Publication: Cyprus Mail (Cyprus) Full story

IN THE end, fears that the smoking ban introduced on January 1 would be ignored proved unfounded. The overwhelming majority of people complied, with only 49 violations reported at the weekend. Full story

Byline: George Psyllides LEADERS of the Greek and Turkish Cypriot communities yesterday changed some of the days of their upcoming intensive talks to allow for more discussion of the issues, the United Nations said yesterday. Full story