The Cyprus Securities and Exchange Commission approved the Public Offer document made by Cyprus Trading Corporation (CTC) seeking to acquire a minimum 50% plus one share and a maximum 100% of the share capital of Woolworth (Cyprus) Properties Public Ltd (FWW) at a cash consideration price of EUR 1.45 per share. The acceptance period has

Andreas Constantinou, a major shareholder with a 35% stake in Constantinou Bros Hotels Pcl (CBH) has submitted a Public Offer to acquire a minimum 50% plus one share and a maximum 100% of the share capital of CBH at a cash consideration price of EUR 0.4575 per share. Furthermore, his brother, Agathoclis Constantinou holding an

Cyprus Finance Minister Michalis Sarris and Slovenia’s former Central Bank Governor Mitja Gaspari discussed the experience of Slovenia as regards the adoption of the Euro.Cyprus along with Malta will adopt the euro on January 1 2008. EU Ministers of Finance (ECOFIN) locked the Cyprus pound to the euro at 0.585274 pounds. Slovenia adopted the Euro

Options Cassoulides Plc (OPT) issued a negative profit warning indicating that its first half 2007 results will be materially lower compared to the net profit of EUR1.5 mln reported in the same period in 2006. The deterioration is mainly attributed to the low profitability contribution of the conference management division in the period, and the

On Wednesday, 18 July 2007, 175.735 new ordinary shares of Bank of Cyprus Public Company Ltd will be introduced for trading on the Cyprus Stock Exchange and the Athens Exchange resulting from the recent increase in the share capital by EUR150.535. The new shares to be introduced have resulted from the exercise of 175.735 Share

This summer, Trust introduces two new notebook bags that can be used to safely and comfortably carry notebooks with a 17.4″ widescreen monitor. These storage and carry bags have been designed so that they offer maximum protection to notebooks, are comfortable to carry and provide useful storage space for peripheral devices, pens, business cards, etc.

The performance of network industries, such as telecommunications, transport and utilities has continued to improve and consumers are generally satisfied, according to a European Commission report. The opening up of these industries to competition has benefited users by putting pressure on service providers to keep their costs and prices down. Access to services at affordable

At a meeting of the National Advisory Committee and the Political Committee took place on July 13, 2007 at the Ministry of Finance, regarding the accession of Cyprus in to the eurozone. The National Advisory Committee is chaired by the Minister of Finance. In the Committee, the Governor of the Central Bank of Cyprus, the