Vienna Insurance Group has entered into an agreement with Erste Bank to acquire all of Erste Bank’s insurance operations in Austria, Czech Republic, Slovakia, Hungary, Croatia and Romania for a cash consideration
Japanese consumer electronics maker Sharp Corp said on Thursday it would spend 72 bln yen ($729 mln) to build a new solar cell plant in Sakai, western Japan. Sharp said in July
British business investment in the final three months of 2007 is now estimated to have risen sharply rather than fallen, revised official figures showed on Thursday. The Office for National Statistics said
British retail sales steadied in March, a survey indicated on Thursday, defying expectations of a decline as the credit crisis feeds through to households. The Confederation of British Industry said its distributive
Cyprus House President has described as “positive†the climate following last week’s meeting between the leaders of the Greek Cypriot and the Turkish Cypriot communities. “The first meeting between Cyprus President Demetris
Bank of Cyprus Group announces that, following the appointment of Mr Charilaos Stavrakis as Minister of Finance of the Republic of Cyprus, the organizational structure of the Group’s Executive Management changes as
Cyprus tourism revenue rose by 5.2% over the same period of the previous year in January-February 2008, reaching EUR 75.9 mln, compared with EUR 72.2 mln in the first two months of
The hotel and restaurant sector accounts for almost 10% of the workforce, according to the annual Hotels and Restaurants Statistics report published by the Statistical Service Cystat for the year 2006. Employment
JPMorgan Chase & Co executives have told Bear Stearns Cos employees they will integrate the firm’s prime brokerage and global trade processing businesses, the Wall Street Journal said on Wednesday, citing people
Rio Tinto said it rejected BHP Billiton’s BHP.L $147 bln (73.4 bln pounds) takeover offer, aimed at assembling a super mining house, on value only, but warned that mining companies could run
