Moody’s Investors Service commented on the Piraeus Bank SA (PB) bid to acquire Marfin Popular Bank Public Company Ltd (MPB), on MPB’s bid to acquire Bank of Cyprus Public Company Ltd (BOC) and MPB’s intention to launch a bid to acquire PB, but has taken no rating action at the present time as it believes
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Bank of Cyprus CEO Andreas Eliades dismissed the friendly gestures from the CEO of Marfin Popular Bank Andreas Vgenopoulos asking for a meeting to discuss the proposed bid that Marfin wants to make seeking control of Bank of Cyprus. “The market today (Monday) has given the appropriate response,” said Eliades, referring to the steep decline
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Forsa, an exclusive investment fund for women investors and entrepreneurs, was launched by Dubai World at a ceremony this week, created with a vision of attracting female investors, partnering with female entrepreneurs and developing woman business leaders. “The women-only exclusive investment fund will utilise the expertise and global perspective of world-class managers to ensure superior
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Edited by Demetris Nicolaou, CFA Member of the Board The CFA Society of Cyprus                                                                                                Investors should determine whether board members have the qualifications the company needs for the challenges it faces. Board members who have appropriate experience and expertise relevant to the company’s business are best able to evaluate what is in the best
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By José Manuel BarrosoPresident of the European Commission Presentation of the Working programme of the German Presidency European ParliamentStrasbourg, 17 January 2007 Let me first welcome Chancellor Merkel and wish her and her team all success for their Presidency, and also welcome Hans Gert Pöttering to his new seat. You will both enjoy the full
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Bank of Cyprus shares are expected to remain well-bid amid reports that new suitors have been attracted to the stock following the recent takeover interest for the bank. During heavy trading on the CSE and the ATHEX, the Bank of Cyprus share price remained well bid and swiftly recovered from levels close to EUR 11.00
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The Archbishop Chrysostomos B’ has expressed an official request by the Church of Cyprus to acquire the 8.59% stake of Marfin Popular Bank Pcl (MPB) in Hellenic Bank’s share capital. Marfin CEO Andreas Vgenopoulos stated that MPB’s participation in HB’s share capital should not be considered as a strategic investment rather as an investment available
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Epson has launched its new Perfection V100 Photo scanner in the Middle East, offering the region’s photo enthusiasts a slim model that features advanced scanning capability and is suitable for the home, office, studio or classroom. The V100 includes a built-in transparency unit for scanning 35mm strip films of six frames and slides of four
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Rising by more than CYP 465 per month  House price inflation in Cyprus accelerated in 2006 compared with 2005, according to the latest results from the hedonic BuySell Home Price Index, despite a month-on-month dip towards the end of the year. The BuySell Home Price Index rose by 5.9% year on year in January-December
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Nokia announced an extension of its relationship with Sony Ericsson, bringing its Intellisync Wireless Email to two additional Sony Ericsson devices, the M600 and P990. The Nokia system allows mobile professionals to enjoy a fully synchronized, real-time email, calendar and contacts experience on their mobile devices. The solution is available immediately. “With the addition of Nokia
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