Harmonised inflation subdued in February

The harmonised consumer price inflation (HICP) rate, compiled in accordance with EU-wide methodology, showed that inflation was subdued in February. The index actually fell by 0.04% on the previous month to 100.18

58% of Cyprus smokers want to quit

— Nicorette solution to cost CYP 120 over 3 months Of the 153,000 smokers in Cyprus, some 58% want to quit, while a further 63% of non-smokers have reason to help others

Dubai group to buy 33% of Marfin

Dubai Investments Group is reported to have acquired 30-33% of the capital of Marfin Financial Group at the unconfirmed price of EUR 25 per share for a deal value of EUR 400

3E acquires 95.5% of Lanitis Bros.

…appoints new board members Coca-Cola Hellenic Bottling Company S.A. (Coca-Cola HBC, CCHBC) announced that its 100% subsidiary 3E (Cyprus) Ltd has acquired 95.53% of the issued share capital of Lanitis Bros. Ltd.

SEC warns of fraud company

The Cyprus Securities and Exchange Commission has warned the investing public that the firm First Swiss Financial Management AG, which has been soliciting funds for investment from Cyprus based investors is not

UL agrees on USB sale to shipping group

Schoeller Holdings Ltd and Path Holdings Ltd have signed an agreement with Universal Life Insurance Pcl, to acquire 52% of Universal Bank’s issued share capital. The agreement will be finalised after the