Chief of the Hellenic Police Force, Police Lieutenant General Anastassios Dimoshakis arrives in Cyprus today on an official two-day visit, at the invitation of his Cypriot counterpart Charalambos Koulentis. A police press release said the visit aims to further strengthen police cooperation between Cyprus and Greece in the framework of the Memorandum of Official Talks
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Cyprus President Tassos Papadopoulos condemned here today the assassination of Hrank Dink, a Turkish-Armenian editor, who had been convicted of insulting Turkey’s identity.Papadopoulos said this was a “very regretable development” and called on Ankara to show that it respects dissent.“This is a very regretable development and I believe that everybody condemns it. Turkey, which has
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Any attempt to divert efforts towards a settlement in Cyprus from the process, based on the July agreement between the leaders of the island’s two communities, is tantamount to questioning the credibility and the effectiveness of efforts to implement the agreement, President Tassos Papadopoulos has stressed, reiterating his firm position that he has no intention
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Deutsche Bank has placed a EUR 11 per share price target for Marfin Popular Bank, expecting that the merger of Laiki, Marfin FG and Egnatia will lead to synergies and better growth opportunities. With the ratio of loans to deposits at 79%, DB expects the new entity to have a better pricing policy, which will
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EUR/USD is expected to extend the recovery as strong US data and hawkish Fed talk failed to support the USD. The Michigan sentiment on Friday capped a week of generally solid U.S. economic data. However, the limited extent of gains indicates that market players have already factored in good US news, for now. The Michigan
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Atlantic Insurance Pcl (ATL) announced that its subsidiary Atlantic Securities Ltd., a member of the CSE has prepared a plan according to which the company will allocate call options of up to 20% of its share capital to authorized representatives who are already cooperating or will cooperate with it in the future. The plan will
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Finikas Amochostou Investments Pcl (FIA) reported its preliminary 2006 results with net profit rising to CYP 465.327 or EUR 805.064 from CYP 281.646 or EUR 487.277 in 2005. Earnings per share surged to 18.613 Cyprus cents from 11.26 cent a year ago. Meanwhile the Board of Directors said it has became aware of the Public
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Elena Paprizou was among 10 European artists to receive an award at the 4th “Border Breakers” Awards: a prize to encourage mobility of artists in Europe. Europe’s border breaking success stories in the field of music will be recognized and celebrated at a ceremony in Cannes on 21 January 2007. On the opening day of
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Marfin Popular Bank Public Company Ltd (CPB) will not revise its offer for Bank of Cyprus and Piraeus Bank, according to Marfin CEO Andreas Vgenopoulos. During a Conference Call held on 16 January 2007 aiming to update institutional investors and analysts on important recent developments, Vgenopoulos said that CPB has no intention to revise its
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The Economy Intelligence Unit (EIU) maintained its Cyprus GDP growth forecast at 3.6% and 3.8% for 2007 and 2008 respectively. The EIU says that with slowing demand in both the Euro area and the UK in 2007-08, tourism is likely to recover only slowly, and real GDP growth in Cyprus will continue to be driven
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