The performance of network industries, such as telecommunications, transport and utilities has continued to improve and consumers are generally satisfied, according to a European Commission report. The opening up of these industries
At a meeting of the National Advisory Committee and the Political Committee took place on July 13, 2007 at the Ministry of Finance, regarding the accession of Cyprus in to the eurozone.
Marfin Investment Group (MIG) has acquired a 30% stake in Vivartia SA, a leading dairy producer in Greece and Cyprus at the price of EUR 25 per share in a deal valued
Ericsson has announced an agreement with Telenor in Sweden to build an IMS (IP Multimedia Subsystem)-based network in Sweden, including IMS-based IP Centrex. This will be the first commercial converged IMS network
If consistent, risk focused, and sufficiently detailed, the supplementary information that banks will need to provide beginning next year to meet Pillar 3 disclosure requirements under the Basel II accord should promote
Standard & Poor’s Ratings Services said it affirmed its ‘BBB/A-3’ foreign currency and ‘BBB+/A-2’ local currency sovereign credit ratings on the Republic of Croatia. The outlook is stable. “The ratings on Croatia
During the last AGM of the Cyprus International Banks Association, its President, Marios Paraskevas, the Head of Operational Assurance at Barclays Bank PLC, Cyprus, announced some initiatives for the benefit of the
Euro zone GDP growth grew 0.7% in the first quarter from the fourth quarter, and was up 3.1% year-on-year, EU statistics office Eurostat said. The figures show an upward revision to provisional
Fitch Ratings announced that Cyprus‘s Long-term foreign currency Issuer Default Rating (“FCIDR”) has been upgraded to ‘AA-‘ (AA minus) from ‘A+’. Fitch also revised Cyprus‘ local currency IDR to ‘AA-‘ from ‘AA’.
The Cyprus Securities and Exchange Commission approved the Public Offer document made by Cyprus Trading Corporation (CTC) seeking to acquire a minimum 50% plus one share and a maximum 100% of the
