Cyprus to apply for euro adoption

The Council of Ministers decided on Wednesday to authorise the Minister of Finance and the Central Bank of Cyprus Governor to submit an application to the European Commission and the European Central

Bank of Cyprus beats profit estimate

Bank of Cyprus Pcl released its 20006 results with net profit surging by 153% YoY to CYP 183 mln or EUR 317 mln, beating analyst estimates with estimates ranging from EUR 309

MPB sues Piraeus, 41.82% reject offer

Marfin Popular Bank Public Company Ltd (CPB) announced that Powe Capital Management, MFG, The Employees Provident Fund, Laiki Cyprialife, Insight Investment and Tosca Fund with a total of 14.17% shareholding in CPB

ECB seen talking tough

EUR/USD broke above the 1.3000 level despite the release of weaker than expected German industrial production data. Although the Q4 US productivity surprised the market on the upside with a 3% increase,

Marfin Popular lifts 2006 profits

Marfin Popular Bank Group announced that its proforma profit after tax attributable to shareholders posted a substantial 235% YoY increase to EUR 396.6 mln (CYP 229.3 mln) from 2005. The published Marfin