The Central Bank of Cyprus has called for multiple bond auctions on February 13, 2007 where a total of CYP 300 mln or EUR 517 mln in 2, 5 and 10 year bonds as well as 13-week maturity Treasury Bills will be auctioned off. The Central Bank acting on behalf of the government said the
More
Deutsche Bank has maintained its price target on the shares of Marfin Popular Bank at EUR 11, while also maintaining its buy recommendation. Though it notes that the 2006 core net profit of EUR 243 mln was 3% above its forecast, yet DB has revised lower its 2007 EPS by 6% and have revised up
More
Elma Holdings reported a 553% increase in FY06 profits to CYP 15.6 mln or EUR 26.8 mln from CYP 2.8 in FY05 on the back of a spectacular 121% increase in the main CSE index while the banking sector in which the Elma Group has invested heavily increased by 137%. The sharp increase also allowed
More
Aspis Holdings Pcl, formerly MFS Holdings Pcl (MFS) has promised that it will continue to invest heavily both in Cyprus and in the Balkans/East Europe through its Cyprus holding company, despite the legal setback witnessed in the fight to block the transfer of shares in Universal Life Insurance and Universal Bank. Pavlos Psomiades, Chairman of
More
Cypriot Minister of Foreign Affairs George Lillikas has said it is not projected that Cyprus will be able to join the Schengen area before 2010, due to political considerations and to the absence of the appropriate infrastructure, adding that ”the implementation and accession to the Schengen area means strict control and monitoring of our border
More
Cypriot Minister of Foreign Affairs George Lillikas has said it is not projected that Cyprus will be able to join the Schengen area before 2010, due to political considerations and to the absence of the appropriate infrastructure, adding that ”the implementation and accession to the Schengen area means strict control and monitoring of our border
More
The Supreme Court Plenum decided on Wednesday unanimously to annul the intermediate order issued by the Supreme Court on 25 January 2007 in the case of Marfin Popular Bank, saying that the First Instance Court was wrong in its decision.According to a Cyprus Securities and Exchange Commission press release, the Commission’s decision of 16 January
More
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 for the preparation of an extraordinary convergence report concerning the adoption of the Euro on 1 January 2008.The Cabinet convened under President
More
A German national tested for avian influenza in Cyprus after displaying flu-like symptoms was given the all-clear on Wednesday, authorities said here Wednesday, after receiving the results of tests carried out at the National Influenza Reference Centre of Southern Greece. The German national arrived in Cyprus on Tuesday from Thailand. The patient was admitted to
More
The Board of Directors of the Bank decided to propose at the Shareholders’ Annual General Meeting to be held on Wednesday, 6 June 2007, the distribution of a dividend of CYP0,10 per share EUR0,17 Â per share. The recommended ex-dividend date is Monday, 11 June 2007. Transactions that take place up until Thursday, 1 June 2007,
More