The CSE announced that Acropolis Securities AEPEY, a member of ATHEX has joined the Cyprus Stock Exchange as a remote member, effective January 22, 2007. The number of remote members of the CSE from Greece is now 12. They are: 1.     Acropolis, 2.     Alpha Finance 3.     Beta 4.     Egnatia Finance 5.     Ethniki 6.     Investment Bank
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The Cabinet declared a three-day mourning period in memory of the late Minister of Education and Culture Pefkios Georgiades, who died on Wednesday of a heart attack.An extraordinary Cabinet meeting, convened today by President Tassos Papadopoulos, also decided to fly the national flag at half mast during the mourning at all schools and government departments
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Cyprus, along with Croatia and Denmark, is taking over the 2007 presidency of the Forum for Security Cooperation of the Organisation for Security and Cooperation in Europe (OSCE).According to an official press release, during Wednesday’s first meeting of the Forum for 2007, which was held in Vienna, Minister Plenipotentiary Spyros Attas, whos is presiding over
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President Tassos Papadopoulos said that casinos by themselves are not a bad thing, as they can be regulated by a government but “things that go around the casinos are worrying.”“My personal view is that I am against casino but the majority of my Cabinet is in favour,” he said as he answered questions by foreign
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KBW, the respected international firm has criticized the tactics followed by Piraeus Bank in its bid seeking control of Marfin Popular Bank. KBW says the credibility of Piraeus is on the line in the event that the bid is unsuccessful due to the very low valuation offer made by Piraeus for Marfin. KBW states that
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The shares of the three banks involved in the tit-for-tat merger, counter-merger and takeover attempts, Piraeus, Bank of Cyprus and Marfin Popular Bank rallied higher on Thursday as investors warmed up to all three stocks. Bank of Cyprus shares hit a new record high of EUR 12.06 on the ATHEX on Thursday, while on the
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According to a decision of the Board of Directors dated June 16, 2006, Amathus Public Limited will proceed with the issue of up to 35,218,480 Rights and up to 17,609,240 warrants. The warrants will be listed on the CSE. The 35,218,480 rights, will be offered gratis to the shareholders who will acquire shares until February
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PC Actual, a leading Spanish computing magazine, has awarded Panda Internet Security 2007 its ‘Recommended Buy’ seal of approval, saying that the package “turns your PC into a strongbox” as it scored the highest price/quality rating, while it took just one minute and 40 seconds to scan the virus library used by the magazine, made
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Benon Sevan, the former director of the UN oil-for-food programme in Iraq, has been indicted by a US federal court in New York for allegedly taking bribes from the Saddam Hussein regime. A warrant has been issued for his arrest even though as a Cypriot citizen he may escape arrest in the absence of an
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The proposed mega merger between Marfin Popular Bank and Bank of Cyprus faces many hurdles and obstacles, one of which is that it may be seen violating competition rules and as is evident, create a new entity with a dominant market position in most economic aspects of Cyprus. Competition Protection Commissioner Georgos Christofides said the
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