The European Commission concluded that Cyprus has achieved a high degree of sustainable economic convergence with the euro area Member States and that it fulfils the necessary conditions to adopt the euro.
The Convergence Reports examine whether Malta and Cyprus satisfy the conditions for adopting the single currency, namely: the economic criteria (price stability, sound public finances, exchange rate stability and convergence in long-term
JP Morgan has increased its price target on Bank of Cyprus shares to EUR 18 per share from EUR 14 previously following a spectacular increase in profitability by the Bank in the
The euro will strengthen macroeconomic stability in Cyprus, ensuring low inflation and low interest rates that are a pre-condition for long-term economic prosperity. The single currency brings stable prices for citizens and
Cyprus equities surged to a record closing high for the year on the day when the European Commission formally backed Cyprus’ application to join the eurozone, but stocks busted through previous highs
The government is set to invite tenders to bid for the construction of a land terminal in Cyprus to provide the country with natural gas, in an effort to meet its obligations
Cyprus Council of Ministers approved on Wednesday a set of measures aiming at boosting economic cooperation between Greek and Turkish Cypriots, Government Spokesman Vasilis Palmas announced.Palmas did not give further details, noting
For the first time ever in Q1 2007 now ended, bwin Interactive Entertainment AG has achieve the goal it had pursued since 2004 of becoming the Number One world-wide, in terms of
Ericsson has signed a contract to deploy and integrate its latest microwave transmission solution, MINI-LINK TN, for leading Bulgarian mobile operator Mobiltel, helping the operator reduce both capital and operational expenditure. The
Marfin Egnatia expect consolidation trends to continue in ATHEX amid the release of Q1:07 results, despite a supportive relative valuation. With a prospective PE (07e) premium compared to the FTSE Eurofirst 300
