A record number of Laiki Bank Pcl shareholders packed the Hilton on Tuesday cheering board member and Marfin Vice-Chairman Andreas Vgenopoulos to press ahead with ambitious plans to create one of the largest financial institutions of the region through the triple merger between Laiki, Marfin and Egnatia. Though the extraordinary general meeting was expected to
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By Michael S. Olympios Chief Consultant Allied Consultants  Ramping up the power struggle at Laiki and throwing into question the valuation of the bank, its former Chairman Kikis Lazarides accused banking baron Andreas Vgenopoulos of allegedly trying to offer him a kick-back in the form of success fee for pushing through the deal. The
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By Dr. Marios Matsakis MEP for Cyprus (partly occupied by Britain and Turkey) Â Britain retains sovereignty over two areas totalling 99 sq. miles in Cyprus. The above British Occupied Areas are referred to as “Sovereign Base Areas”. This is a misleading name, as in reality only a small percentage of these areas are used
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On 19 October PricewaterhouseCoopers, Performa Consulting and the Ministry of Finance organised a conference at Hilton Park, Nicosia on the Challenge of Change to examine creativity and innovation in organisations. Speakers at the conference came from Cyprus and abroad who demonstrated that innovation is an essential ingredient for the survival in a competitive and changing
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When the ruling centre-right Democratic Party (Diko) elected Marios Karoyian as its third and youngest leader on Sunday with the support of the old guard who set up the party three decades ago, a clear message for change was sent out in all directions — modernise the movement in time for the next presidential elections
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The European Commission has welcomed the Court of Auditors’ positive statement of assurance on the EU 2005 accounts, drawn for the first time under a new accounting system, but questioned some of the Court’s criticism related to the effectiveness of control systems. In its annual report the European Court of Auditors has given a positive
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A total of 1,750.000 Cyprus pounds were raised during the annual fund-raising charity, Radiomarathon, which ended midnight Tuesday in aid of children with special needs. The 48-hour event for children with special needs was launched Monday morning.It was the 17th Radiomarathon in a row, organised by the Cyprus Broadcasting Corporation (CYBC) and Laiki Group, one
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A four-member International Monetary Fund (IMF) delegation held a meeting with the Governor of the Central Bank of Cyprus Christodoulos Christodoulou, on the course of Cyprus’ economy.Τhe meeting focused on the economic developments on the island and the monetary and exchange policy followed by the Central Bank. The IMF officials and the Governor also discussed
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The Cyprus Stock Exchange closed its last trading day before the launch of the Common Trading Platform on high note, with the main index recording a new fresh closing high on a sharp jump in volume that reached CYP 19 mln. The Main/Parallel Index closed Wednesday up 1.32% at 3390.20 while the FTSE/20 ended up
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The Cyprus Stock Exchange announced that the Cyprus pound to euro conversion rate has been fixed at 0.5766 euros per CYP, which is the official mid-price of the pair as fixed on Wednesday 25 October. According to the ruling, the closing price of all shares and warrants trading on the CSE on October 25 have
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