Egnatia Financial Services have issued a report expecting Hellenic Bank to post CYP 11.6 mln or EUR 19.8 mln in net profit during the first quarter of 2007 for a 69% YoY
The National Bank of Greece in Cyprus has decided to take legal action against bank employees union ETYK over the two-week strike that has paralysed the bank. Ethniki Cyprus will sue ETYK
Marfin Investment Group (MIG), formerly known as Marfin Financial Group, announced details of its proposed rights issue to raise up to EUR5.19 bln, which will be used for investments in south east
Standard & Poor’s Ratings Services said that the European Commission’s and the European Central Bank’s proposal to the EU Council that the Republic of Cyprus (A/Positive/A-1) and the Republic of Malta (A/Stable/A-1)
Standard & Poor’s Ratings Services said today it lowered its long-term sovereign rating on the Republic of Latvia to ‘BBB+’ from ‘A-‘ due to the increasing risk of a hard landing and
Cyprus had the fourth best inflation rate in the EU in April, according to figures r by Eurostat. The annual harmonised inflation rate in Cyprus was 1.6% in April, compared to 1.4%
The newly appointed Chairman of the Cyprus Stock Exchange wants to modernize the exchange and improve operations further aimed at attracting even more institutional investors to the market. Georgos Koufaris, the new
Marfin Popular Bank has raised its profit forecast for 2008 and 2009 with the average growth in profitability now estimated at 39.6% and significant improvements noted in other ratios. Earlier, Marfin Popular
Eutelsat Communications announced that its HotBird 2 satellite has been redeployed to 9 degrees East. Rebranded Eurobird 9, the satellite’s entry into service marks the opening of a new video neighbourhood, which
Motorola, Inc. has invited the world to experience the evolution of the RAZR brand as it unveiled RAZR(2), the ultimate iconic feature phone. Available July 2007 in several markets, the next-generation device
