Laiki Bank (CPB) shares powered ahead on Wednesday on the CSE touching the psychological level of CYP 3.00 for the first time in many months, backed by steady buying interest from Marfin Financial Group. CPB shares touched the CYP 3.00 level in intra-day trading, only to close at CYP 2.99 for a 1.35% gain on
More
Due to the significant interest expressed by the shareholders of Woolworth (Cyprus) Properties Public Ltd and the investing public for the acquisition of shares of Ermes Department Stores Public Ltd within the framework of the Public Offer of Cyprus Trading Corporation Public Ltd, the Company decided to give an extension to the date of acceptance
More
The Board of Directors of Muskita Aluminium Industries Plc decided to proceed with an investment of EUR 1.5 mln for the purchase and installation of robotic manufacturing machines and robotic storage space of stock management at its British subsidiary Universal Components Ltd in Bristol. The new investment is expected to achieve economies of scale and
More
The Greek government submitted to parliament legislation that calls for the introduction of a €10 tax for mobile telephony bills that exceed €60 per month, while keeps the €2 tax for bills below €30 and introduces a €5 tax for bills between €30-60. Note that the State previously intended to introduce higher taxation, ie €8
More
Irish President Mary McAleese arrives in Cyprus on October 9 for a two-day official visit, at the invitation of Cypriot President Tassos Papadopoulos, Government Spokesman Christodoulos Pashiardis announced here Wednesday. Mcaleese, accompanied by her husband, Irish Minister for the Environment, Heritage and Local Government, as well as 14-member delegation, will have a series of contacts
More
Eight warships docked at Limassol port, in the framework of UN Security Council resolutions for the surveillance of coastal waters of Lebanon and in general security in the area. Around 1000 members of the multinational mission are on board of corvettes, frigates and supply ships from Germany, Sweden, Norway and Denmark. The fleet is to
More
Revenue up 3.5% in Jan-August Britons may still be the biggest source of tourists, but in terms of profitability, figures suggest that businesses should be targeting the Russian and Italian markets. Revenue figures for August show that Russians (now the second largest tourist market) spent the most while holidaying in Cyprus, with average expenditure of
More
Cyprus Interior Minister Neoklis Silikiotis will attend an EU Justice and Home Affairs Council to be held in Luxembourg October 5 – 6. Some of the issues on the agenda of the Council are Hague Programme Review, Civil protection financial instrument, Schengen Information System (SIS II), Reinforcing the southern external maritime borders, mutual recognition to
More
The Holy Synod, the church most senior institution, is working to conclude the first phase of the election process for a new Archbishop, which began on Sunday, 24 September, when Orthodox Christians went to the polls to elect 1,400 special representatives. The Synod is currently examining objections to the election of the representatives, who have
More