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WASHINGTON (Reuters) – U.S. productivity rose at a solid clip in the fourth quarter as employers sharply cut the number of hours worked, restraining growth in labor costs, according to a report

The Central Bank of Cyprus granted its permission to the joint venture ‘Emerging Financial Partners’ (EFP) to acquire 100% of the share capital of the Cyprus Development Bank (CDB), while the official

Standard & Poor’s Ratings Services is set to announce changes to boost the integrity of its research, such as rotating analysts’ coverage, newspapers said on Thursday. Ratings agencies have come under fire

Cyprus’ largest bakery chain, A. Zorbas & Sons Pcl (ZRP) intend to expand their operations into Romania. During a presentation held in Athens for institutional investors, the Company’s management team analyzed ZRP’s

The Chairman of the Association of Cyprus Tourist Enterprises (STEK) Akis Vavlitis said that despite the tourism industry still constituting a significant part of the economy, this was not reflected in state

Marfin Popular Bank announces that according to a sale agreement, the Dubai Financial Group will acquire from Marfin Popular Bank 53.532.184 shares of Marfin Investment Group (6,45%) at the price of 7

Bank of Cyprus Group has promoted Antonis Jacouris to the sensitive position of Group General Manager – International Business and Operations, while Yiannis Siradakis assumes the role of General Manager of Bank

The Central Bank of Cyprus granted on 4 February 2008 a banking business licence to “Eurobank EFG Cyprus Ltd”, a subsidiary of “EFG Eurobank Ergasias S.A.” which is based in Greece. EFG Eurobank Ergasias