Marfin Popular Bank Public Co Ltd announced that it has agreed to acquire 49% of the share capital of Egnatia Financial Services (Cyprus) Limited, which is held by a number of shareholders. Within 5 business days, Marfin Popular Bank Public Co Ltd will proceed with the acquisition of the remaining 51% of the share capital
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Bank of Cyprus has received an approval by the Central Bank of Cyprus to proceed with the issue of Senior Debt of EUR500 mln. The issue will be part of the Bank’s Euro Medium Term Note (EMTN) Programme of a total size of EUR2 bln. The proceeds of the issue will be used to fund
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The Greek Minister of Mercantile Marine Kefaloyiannis decided to impose a cumulative fine amounting to EUR 1.17 mln on the captain of the vessel Sea Diamond, the owner company (LUI) and the company managing the vessel, which sank on 5 April 2007 near the Greek island of Santorini. Louis meanwhile issued a statement clarifying that
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Aspis Holdings Public Company Ltd (MFS) announced that of the recent Rights Issue of 32,330,454, a total of 28,526,715 Rights have been exercised. With the exercise of Rights, 19,017,810 new shares of nominal value CYP0.40 each have resulted, which correspond to CYP7,607,124, that is, CYP0.40 per share. The Allocation Letters have been posted to the
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by Kyriacos Tsioupras London(CNA) — Britain‘s Court of Appeal, before which the hearing in Meletis Apostolides’ appeal began on Monday, intends to refer certain points of the Orams case to the Court of Justice of the European Communities, which are substantive for the final outcome of the case. Lord Phillips, Lord Chief Justice, advised from
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Cypriot Government Spokesman Vassilis Palmas said on Tuesday that, depending on the circumstances, the government decides which line to follow, that is whether it will block or pass any chapter regarding Turkey’s EU accession course. Asked which stance Cyprus will maintain in Brussels regarding the opening of negotiating chapters in Turkey’s EU bid, Palmas noted
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The Council of Ministers decided to increase the minimum wage in Cyprus from CYP 384 monthly to CYP 409 or EUR 699 effective April 2007 and after a period of six months, that is from 1 October to CYP 434 or EUR 742. Cyprus Government Spokesman Vasilis Palmas said the directive on the minimum wage
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Cyprus Foreign Minister Yiorgos Lillikas revealed that Nicosia would veto any effort in the European Union to open the energy chapter in membership negotiations with Turkey.Lillikas said Cyprus had tabled its positions on the three chapters that the EU plans to open with Ankara. ”With open cards and respect to the EU procedures and European
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Cyprus Foreign Minister Yiorgos Lillikas has described as “very successful†a visit by the Archbishop of Cyprus Chrysostomos II to the Holy See.“The Archbishop, quite rightly, has raised issues not only of Cypriot interest but also of interest to Christianity and Europe,†he said, commenting on a joint declaration the Pope and Chrysostomos issued on
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Tomas Berdych from the Czech Republic beat Cypriot Marcos Baghdatis 2-0 set (7-5 6-4) in the final of the Halle Open in Germany on Sunday.The win gave Berdych his third career ATP title and his first on grass. It was his second successive appearance in the Halle final, after his defeat by Roger Federer 12
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