Marfin Popular drops bid for Bank of Cyprus

…EUR300-400 mln income from MIG forecast for MPB   Marfin Popular Bank CEO Andreas Vgenopoulos has said the Bank’s 8.19% investment in Bank of Cyprus is no longer considered a strategic stake

Cyprus Business Association elects new president

The Cyprus International Business Association (CIBA), the umbrella group for international-activity companies based on the island, elected Bernt Gienskey as its new president at its annual general meeting held recently in Limassol.