The Central Bank of Cyprus (CBC) approved the acquisition of Universal Savings Bank Pcl (USB) by Schoeller Holdings Ltd and Path Holdings Ltd., the German based shipping groups based in Limassol. Schoeller
Louis Pcl released its 9M06 financial results posting an 18% YoY increase in revenue to CYP 152.6 mln (EUR 265.2 mln). Despite the hike in oil prices, EBITDAR was recorded at CYP
The European Commission has recommended that some elements of talks with Turkey about its hopes of joining the EU should be frozen. The recommendations follow the breakdown of talks over the divided
The Cyprus pound continued to slide against the euro, ending Tuesday trading at 0.5780 or 1.7300 in contrast to 0.5744 a month ago and this year’s high of 0.5721 or 1.7480. Seasonal
Nokia announced that users of the N80 Internet Edition will have easy access to low-cost calls over the Internet with SIPphone’s Gizmo Voice over IP (VoIP) services. The N80 IE is optimized
The Commission for the Protection of Competition (CPC) resolved to initiate an ex officio investigation in relation to the activities of the Vodafone Group of Companies in Cyprus in the field of
The Commission for the Protection of Competition (CPC) has ruled that four local wineries, Â ETKO, KEO, LOEL and SODAP violated competition rules as regards price fixing on the supply of 187 ml
Hellenic Bank Pcl (HB) reported a 591% YoY increase in net profit attributable to shareholders to CYP 20.19 mln or EUR 35 mln from CYP 2.9 and EUR 5 mln in the
Marfin Financial Group announced 9M 06 consolidated Net Profit after Tax attributable to shareholders of EUR83.2m, an increase of 249% yoy. These profits correspond to earnings per share of EUR 1.626 for
Responding to certain press articles published in the Greek and Cypriot press, the Bank of Cyprus Group denied that it is engaged in talks to extend any cooperation with Piraeus Bank or
