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Société Générale seminars on euro adoption

Société Générale Cyprus has launched a series of seminars aimed at preparing its clients and the general public for the imminent changeover to the Euro currency. Société Générale Cyprus belongs to the

23rd May 2007
Business

China and India to play key roles in Climate Change battle, says S&P

Projections for global emission increases could understate the growth coming from India and China, according to a report published by Standard & Poor’s Ratings Services, making the process of climate stabilisation more

23rd May 2007
Cyprus

Megabet EGM approves mammoth capital increase

The Extraordinary General Meeting of Megabet Pcl (MEGA) held on May 22, 2007 approved the resolutions paving the way for the injection of up to EUR 170 mln in cash into the

23rd May 2007
Business

PRO TECHnology sees 37% growth in 1Q, eyes Libyan market

Dubai-based PRO TECHnology, a leading provider of broadcast and communication solutions, has declared a 37% growth in the first quarter of this year, reflecting its sustained growth in the region. Boosting its

23rd May 2007
Business

DB sees Bank of Cyprus as target, sees stock at EUR 17

Deutsche Bank views Bank of Cyprus as the “ideal candidate” for a takeover by a foreign “player” considering its dominant position in Cyprus and its aggressive and successful expansion drive in Greece

23rd May 2007
Business

Lithuania outlook revised to negative: S&P

Standard & Poor’s Ratings Services said today it revised its outlook on the Republic of Lithuania to negative from stable, due to a pick up in domestic demand in the first part

23rd May 2007
Business

Iran supports Cyprus settlement based on UN decisions

Ambassador of the Islamic Republic of Iran to Cyprus Ali Reza Bikdeli expressed the support of his country to efforts for a Cyprus settlement, based on UN decisions and international law.The Iranian

23rd May 2007
Cyprus

Cyprus to sign double avoidance tax deal with Finland

The Council of Ministers of the Republic of Cyprus approved the text of an agreement with Finland to avoid double taxation. The Council of Ministers, which convened under President Tassos Papadopoulos, authorised

23rd May 2007
Business

Cyprus Development Bank stake to be offloaded

The Council of Ministers has backed a proposal submitted by the Ministry of Finance to dispose the States’ 88% participation in the share capital of the Cyprus Development Bank (CDB) to a

23rd May 2007
Business

French government resolute, but not confrontational, says Moody’s

Although the new French President, Nicolas Sarkozy, advocated a top-down and deliberately non-consensual line in his election campaign — in contrast to the more bottom-up consensual approach adopted by his Socialist opponent

23rd May 2007
Cyprus
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