Private universities bill passes

Parliament voted through a bill allowing the establishment of private universities during its last session before the summer recess, which will allow at least three colleges to become universities from 2006. The

Deputies give themselves lavish pay hike

At a time when the public is being called to tighten belts and implement the government’s austerity plan, the President, government ministers and deputies decided to give themselves lavish pay increases. The

New Issue of 4,25% bonds

The Central Bank of Cyprus announced a new issue of up to CYP 12 mln Government Registered Development Stock with three years maturity and interest at 4,25% p.a. The interest, which is

CB tells Snoras to wait

The Central Bank has decided to postpone evaluating a request by the Lithuanian Snoras Bank, seeking permission to buy a controlling stake in Universal Bank pending the outcome of a court fight

Evagorou to head Demetra Investments

AKEL Deputy Stavros Evagorou has been elected as the new Chairman of Demetra Investments, following a Board meeting held on July 15 after the election of the members during the AGM of

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