Marfin Popular Bank Public Co Ltd announced that the Board of Directors will meet on December 27, 2006 to examine issues concerning the bank’s capital structure, within the framework of the authorization of the Board of Directors at the Extraordinary General Meeting held on October 31, 2006.

Exelixis Investment Public Limited announced that on December 14, 2006, the Securities and Exchange Commission approved the Prospectus for the issue and listing to the CSE of 5,440,166 ordinary shares of nominal value CYP0.17 each. The 5,440,166 ordinary shares were issued on the basis of the Companies’ Law Chapter 113 and were allocated exclusively to

This Christmas Areeba is offering CYP 15 (EUR 26) free air time to all new subscribers of the Pay-as-You-Talk service with the Areeba ‘max box’. By paying CYP 15, new subscribers get a connection pack and CYP 15 worth of air time, plus 20 SMS free of charge. The ‘max box’ deal is available until

A broadband television service developed by the founders of Internet calling programme Skype is expected to be launched next year, the Financial Times reported on Monday. Some 6,000 individuals were already testing the service, which was named The Venice Project, the newspaper said. Janus Friis and Niklas Zennstrom invested part of the money they made

Members of parliament began Tuesday a three-day debate on the 2007 state budget.The budget, as submitted to the House of Representatives, provides for CYP 4.07 bln (EUR 7 bln) total expenditure and 3.315 bln (EUR 5.7 bln) revenue. Development expenditure is estimated at CYP 431.6 mln (EUR 742 mln) for 2007, an increase of 8.4%

Marfin shares dived to EUR 39.50, which corresponds to EUR 6.85 on the Marfin Popular Bank shares, which closed on the CSE at EUR 7.18, opening a wide gap that may pull the MPB shares lower towards critical support at EUR 7.10 at the open. The decline came following a general exodus out of Marfin

Piraeus Bank will finally reveal to Bank of Cyprus how it wants to proceed with a cooperation pact or submit an outright bid following a Board meeting that the Greek bank has called for 3.00pm today, after which its proposal will be officially submitted. After several weeks of delaying tactics, Piraeus Bank knows well that

The Cyprus Stock Exchange announced that on Friday, December 22, 2006 and Friday, December 29, 2006: (a) Trading will end at 13.00 for all CSE markets. (b) The exchange of documents for the transaction of government bonds, which have not been listed in the Central Register/Depository yet, will be carried out between 7.45 and 8.30

Artion AXEPEY, a member of the Athens Stock Exchange has become the latest Greek firm to join the Cyprus Stock Exchange by becoming a remote access member. The firm will start is transactions on the CSE from December 18, 2006. The number of Greek firms now remote access members of the CSE are ten and

The European Commission today proposed to abolish the system of public intervention purchases for maize from the 2007/2008 marketing year. At the end of the 2005/2006 marketing season, EU maize intervention stocks had spiralled to 5.6 million tonnes, or 40 percent of total intervention stocks. Without changes to the current system, these stocks, which are