Marfin stake in MIG drops to 6.4%

The stake of Marfin Popular Bank (MPB) in the share capital of Marfin Investment Group (MIG) has declined from 96.88% to 6.44% following MIG’s recent capital increase, which raised a record EUR

Citigroup sees Hellenic Bank at EUR 7

Citigroup has commenced coverage of Hellenic Bank Pcl (HB) with a price target of EUR 7 per share with a buy/medium risk 1M rating. According to Citigroup estimates, Hellenic Bank is on

Cyprus donates $20,000 to Lebanon

Cyprus donated $20,000 to Lebanon to promote the implementation of the UN Security Council 1701 resolution for the establishment of the sovereignty, independence and territorial integrity of the neighbouring country.A cheque for

Cypriots worry about crime, inflation

Eurobarometer survey shows trust in EU steady at 61%   The two main problems worrying Cypriotcitizens remain crime (51%, up by 9% from the autumn of 2006) and inflation (28%, down by

Cement merger decision prolonged until Thursday

…Vassiliko needs to “sacrifice” cement import and concrete production   The Commission for Protection of Competition (CPC) has asked for additional guarantees and commitments from Vassiliko Cement and Cyprus Cement officials before