Champion suspended pending CSE delisting

The Cyprus Stock Exchange announced the suspension of trading of the titles of Champignon (Cyprus) Public Company Ltd from November 9, 2007 and until its delisting, after the EGM approval for its

Europe slashes its growth forecast

Economic growth across the EU will slow in 2008 because of a weaker US economy and problems in global financial markets, the European Commission says. Brussels is now forecasting 2.4% growth in

Cyprus compensates stockbreeders due to FMD

Stockbreeders, whose livestock had to be killed due to the Foot and Mouth Disease outbreak in Cyprus, received financial compensation. Minister of Finance Michalis Sarris said state finances are sound and can

COMMENT: Middle East Money

By Dr. James Leontiades Cyprus International Institute of Management   As the price of oil shoots toward the sky, so does the amount of money in the treasuries of the Middle East

Latvian banks enjoy stable rating outlook

The stable outlook and ratings for Latvian banks reflect their improving credit quality, their efforts to grow market share and their good profitability, Moody’s Investors Service says in its new Banking System