European Union Commissioner for the Internal Market and Services Charlie McCreevy praised here today Cyprus record with respect to EU law transposition and implementation, noting that Cyprus is a very good example to other EU member-states.Speaking in a joint press conference with Cypriot Finance Minister Machalis Sarris, McCreevy congratulated Cyprus mainly on its good macroeconomic
More
EU Commissioner for Research and Science, Janez Potocnik, said he was encouraged by the Cypriot government’s firm commitment to develop its research and science field through its national framework programme. Potocnik, who is paying Cyprus an official visit, was received by President of the Republic of Cyprus, Tassos Papadopoulos. Speaking to journalists after the meeting
More
Enlargement Commissioner Olli Rehn has said the Commission underlines the significance in the resumption of the procedure which will promptly lead to complete negotiations under UN auspices to achieve an overall settlement and is ready to help the UN achieve this aim.The Commissioner was replying to a question by Cypriot Euro MP Marios Matsakis in
More
European Union Commissioner for the Internal Market and Services Charlie McCreevy said here Wednesday that the Cypriot authorities should solve the dispute between the National Bank of Greece’s subsidiary in Cyprus with the Cyprus Union of Bank Employees (ETYK), noting however that the EU free movement principle should be taken into account.ETYK has called on
More
Orphanides Pcl (ORF) released its first quarter results posting a moderate increase in net profit to EUR 749.000 or CYP 435k up by 3.3% YoY. Despite the acquisitions made within 2006, turnover remained almost flat, rising only 0.3% YoY to 30.71 mln or CYP 17.84 mln. Gross profit came in lower by 0.4% YoY to
More
Hellenic Bank Pcl (HB) shareholders approved a special resolution at the Company’s Extraordinary General Meeting held after the 33rd AGM,  authorising the Bank’s Board of Directors to issue up to 20 mln ordinary shares, with a maximum discount of 10% on the market value of the shares to finance new takeovers. Hellenic Bank Chairman Andreas
More
Bank of Cyprus has decided to increase the size of its Euro Medium Term Note (EMTN) Programme and its Euro Commercial Paper (ECP) Programme to EUR2,0 bln and EUR1,0 bln respectively. It is noted that, at its establishment in September 2003, the EMTN Programme’s size amounted to EUR750 mln. The size of the EMTN Programme
More
Citigroup has raised its price target on the shares of National Bank of Greece SA (NBGr.AT) to EUR 50 and reiterated its “Buy†recommendation having increased its EPS forecasts by 3% for 2007E, 2% for 2008E and 2% for 2009E. “NBG remains our top pick in Greece with a target price of EUR50. NBG offers
More
The EU Bathing Water Directive lays down two sets of bathing water quality standards: minimum imperative values, with which compliance is mandatory, and stricter guide values, with which compliance is desirable but not obligatory. Member States are required to monitor the water quality in their designated bathing areas through regular sampling during the season and
More
Marfin Popular Bank Public Co Ltd announced that it has been invited by the Cyprus Commission for the Protection of Competition to attend a hearing on 12.6.2007, where the procedure for the examination of a potential violation of the Law on Control of Concentrations between Undertakings through the acquisition of a minority stake of 8.07%
More