The Athens Stock Exchange authorities decided on Friday to suspend trading on the shares of Marfin Popular Bank, Piraeus Bank, Bank of Cyprus, Marfin Financial Group, Egnatia Bank (both common and preference
There was a rocket attack on the American Embassy in Athens this morning, police said. The blast caused minor damage but there were no injuries. The explosion, at 5.58 a.m. this morning,
Minister of Agriculture, Natural Resources and the Environment Fotis Fotiou announced here Thursday short and long term measures to save water as the island faces a huge drought problem resulting with water
Marfin Popular Bank has submitted a takeover bid seeking a minimum 35% to maximum 100% of the share capital of Bank of Cyprus through a share swap, offering 1.241 shares for every
Cyprus Central Bank Monetary Policy Committee (MPC) in its fist meeting for 2007 decided to maintain Cyprus‘ official interest rates, that is the minimum bid rate on the main refinancing operations, the
Cyprus Central Bank Governor Christodoulos Christodoulou said here today that the situation in the banking sector ”creates confusion in a very sensitive sector of our fiscal system.”His comments come after a public
The Board of Directors of Bank of Cyprus Pcl (BOCY) unanimously rejected the intention by Marfin Popular Bank to submit a takeover bid seeking minimum 35% control of the bank through a
The World Bank’s investment arbitration center has appointed the three members of the tribunal that will decide the US$10 billion expropriation case brought by Cypriot investment firm Libananco Holdings Company Ltd. against
The trade deficit in Cyprus swelled by 17.3% to CYP 2,124.8 mln in January-October 2006 compared to CYP 1,811.8 mln in January-October 2005. The figures came with the announcement by the Statistical
The Board of Directors of Marfin Financial Group decided to proceed with Greece’s largest capital increase, by calling up EUR 5 bln in new capital, which will be used for new takerovers
