The Cyprus government expressed here Thursday its full satisfaction with the conclusions of the European Commission which underlined that Cyprus has achieved a high degree of sustainable economic convergence with the euro area member states and that it fulfils the necessary conditions to adopt the euro. Government Spokesman Vassilis Palmas pointed out in a written
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President of the Committee on Agriculture and Natural Resources of the House of Representatives Yiannakis Thoma and Deputy President of the Committee Dinos Hadjinicolas will be departing for Berlin on Saturday, to participate in the meeting of presidents and deputy presidents of parliamentary committees on agriculture of EU member states, the European Parliament and candidate
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by Apostolis Zoupaniotis Washington (CNA) – The three candidates for the US presidency, senators Hilary Clinton, Barack Obama and Joe Biden, appeared very supportive of Greece and the Greek principles and ideals, and assured the Greek Cypriot community they would strive for a different policy on behalf of the US Administration on the Cyprus problem.
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The Statistical Service announced that on the basis of the preliminary data on the General Government accounts for the period January-March 2007, total revenue amounted to CYP938.4 mln (24.3% increase compare to the first quarter of 2006) while total expenditure reached CYP890.0 mln, (15.5% increase) resulting to a surplus of CYP48.4 mln or 0.07% of
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The CSE Council approved the Revised Public Offer made by Hellenic Bank (HB) to acquire up to 100% of the share capital of Athena Cyprus Pcl (ATH). The cash consideration price was set at EUR 0.62 per share, representing a 5% discount on ATH’s NAV as at 31 March 2007 (EUR 0.7017) and also excluding
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Aspis Pronia A.E.G.A. and Commercial Value A.A.E. announced that the revised public offer for the acquisition of a minimum 20% and a maximum 50% plus one share of the issued share capital of Universal Bank Pcl (USB) has ended successfully considering that the total acquired shares at the cash consideration of CYP 2.037 (EUR 3.50)
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According to the Statistical Service arrivals of tourists reached 189,310 in April 2007 compared to 206,548 in April 2006, recording a decrease of 8.3%. A decrease of 17.9% was recorded in tourist arrivals from the United Kingdom (93,201 in April 2007 compared to 113,576 in April 2006) as well as 13.8% decrease from Germany (15,284
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SFS Group Pcl (SFS), the most widely traded stock on the CSE relative to its market cap is forecasting CYP 10 mln or EUR 17.2 mln in net profit for 2007 following a highly successful 2006, which saw an expansion of business and profits from all main areas of activity, said SFS Chairman Christodoulos Ellinas.
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…19.3% of Interfund now in SFS hands  SFS Group Pcl has purchased the 19.3% stake held by the Proton Bank SA of Greece in Interfund (INF) at a cost of EUR 15 mln, possibly heralding a future move on the company after it sold its stake in Athena Cyprus Investment to Hellenic Bank. In
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Egnatia Financial Services have issued a report expecting Hellenic Bank to post CYP 11.6 mln or EUR 19.8 mln in net profit during the first quarter of 2007 for a 69% YoY increase, with the results propelled by strong Net Interest Income (NII), commission income and lower provisions. Hellenic Bank reports its 1Q 07 results
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