CLR Securities & Financial Services moved back to the top of the CSE member firm market share table, increasing its share to 17.5% for September and 17% for the first nine months of the year. The distortion in the rankings that occurred in August when on the back of intense activity on the Laiki Bank
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Good news for euro adoption plans Harmonised consumer price inflation fell to 2.2% year on year in September, compared with 2.7% in August, thanks largely to year-on-year falls in the prices of clothing and footwear and communications, as well as much lower inflation rates in the oil-related categories of transport and housing, water electricity and
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The Euro Coins Genesis exhibition tells the story of the competition to design the euro coins introduced in 2002. It also shows the designs for the European and national images on the euro coins that reached the final stage of the competition organised in 1997-98, including those which were not chosen. The design of the
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…BOC takes the lead again The Cyprus Stock Exchange GENX hit a fresh record high for the year on the back of a spectacular rally in banking shares on Tuesday, led by Bank of Cyprus, which after its inclusion in the Greek Footsie 20 has taken the lead again in setting direction for the overall
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A report into the cause of an Helios air crash in August last year has concluded that the aircraft crashed because warnings that things were wrong had not been identified, the cabin pressurization selector was in the manual position, the crew was incapacitated because of lack of oxygen and the aircraft ran out of fuel.
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Piraeus Bank, which holds 8.2% of the capital of Bank of Cyprus is waiting for BOC’s Board reshuffle following the recent resignations and the appointment of a new Chairman before making a decision on its holding. Piraeus is seen having accumulated the 8.2% stake in BOC, or 44 mln shares at an average cost close
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Retail trade volumes remain strong, with provisional results for July showing an increase of 6.2% compared with July 2005 and 7.6% compared with the previous month. In June, volumes rose by 3.2% compared with the same month of 2005 and 3.1% compared with the previous month. For the period January-July 2006, the index is provisionally
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The process of tranferring patients from the old Nicosia General Hospital, in the city centre, to the new hospital building, on the soutern suburbs of the capital, began here today. The new Nicosia General Hospital started operating officially on Sunday and the transfer of staff and equipment from the old premises to the new ones
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Logicom Pcl (LOG) reached an agreement, on 29 September 2006, with the Ministry of Communications and Works and with the French syndicate ‘THALES Telecommunications’ for the design and implementation of the National System for the Management and Supervision of the Cypriot Spectrum of Radio Frequencies. This system, the implementation of which was a EU requirement,
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New capital as well as other regulatory requirements that are expected to go into effect from January 2007 are perhaps one of the key challenges facing Cyprus banks, but the Governor of the Central Bank of Cyprus, Christodoulos Christodoulou is confident that Cyprus based banks will rise to the challenge. During a speech at 6th
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