The Board of Directos of Laiki Bank Pcl (CPB) unanimously elected Andreas Vgenopoulos as the new CEO of the Group. The Board also unanimously elected two Deputy CEOs. They are Christos Styllianides for the operations of the Group in Cyprus and Eleftherio Chiladakis for operations outside of Cyprus. The Board also appointed Chiladakis as a
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Oracle announced that it would provide the same enterprise class support for Linux as it provides for its database, middleware and applications products. Oracle starts with Red Hat Linux, removes Red Hat trademarks, and then adds Linux bug fixes. Currently, Red Hat only provides bug fixes for the latest version of its software. This often
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The Greek Orthodox Church of Cyprus chose its new primate Sunday by the electoral assemblyof 131 clerics and lay representatives after Saturday’s process ended in a walk-out by thesupporters of the previous front-runner for the throne.Bishop Chrysostomos of Paphos, acting as ‘locum tenens’ ever since the throne was vacated in September following the incapacitating illness
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The new head of the Greek Orthodox Church of Cyprus will be elected Sunday by the electoral assembly of 131 clerics and lay representatives after Saturday’s process ended in a walk-out by the supporters of the front-runner for the throne. Bishop Chrysostomos of Paphos, acting as ‘locum tenens’ ever since the throne was vacated in
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The Board of Directors of Alliance International Reinsurance Co. Ltd (ALL) will meet on November 10, 2006 to examine the Company’s 9M06 results and the possibility of an interim dividend payment to its shareholders. A year ago in the same period ALL reported a net profit of CYP 27.100 yielding an EPS of 0.04 cent
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The Securities and Exchange Commission approved the Hellenic Bank Pcl second Supplementary Prospectus regarding the issue of up to CYP 37 mln of Series B of non-secured 2016 Debentures. The new Debentures will carry a quarterly interest rate and will be paid in cash to bondholders at the end of each quarter. The 2016 Debentures
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Petrolina Holdings Pcl, which may be levied with a USD 2 mln bill out of a total USD 7 mln charge related to crude oil imports from Iraq in 1990 that were never paid has rejected the claim. Petroleum companies in Cyprus will have to pay an amount totalling USD 7 mln plus interest for
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The Board of Directors of Bank of Cyprus Public Company Ltd decided to declare an interim dividend for the year 2006 of 7 cent (approximately 12 cent euro per share at a meeting held on November 3, 2006. The share will be trading cum-dividend up to and including Friday, 24 November 2006. The ex-dividend date
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Bank of Cyprus Group profit after tax for the 9 months ended 30 September 2006 (9M06) recorded an increase of 158% compared to the corresponding prior year period beating analyst projections. The improvement in all of the Group’s profitability indicators continues to be significant. The development of the Group’s business in Cyprus, combined with the
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Cyprus‘ Permanent Representative at the UN Ambassador Andreas Mavroyiannis protested in a letter to the UN Secretary General, dated 25 October, new violations of Cyprus‘ national air space and the Nicosia FIR by Turkish military aircraft, recorded from 4 August to 13 October 2006. In his letter, which was circulated at the UN as an
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