Cyprus Finance Minister Michalis Sarris expressed satisfaction over European Commission’s decision to recommend the accession of Cyprus to the European Monetary Union (EMU) on January 1 2008.Sarris was speaking after EU Commissioner
The Cypriot government is committed to social grants to help low income families, in response to the self-restraint and the responsible behaviour working people have shown in the overall effort to meet
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
SFS Group Public Company Ltd (SFS) and Hellenic Bank Public Company Ltd (HB) announced that after SFS’s decision to recall its public offer for 50% plus 1 share of Athena Cyprus Public
The European Commission concluded that Cyprus has achieved a high degree of sustainable economic convergence with the euro area Member States and that it fulfils the necessary conditions to adopt the euro.
The Convergence Reports examine whether Malta and Cyprus satisfy the conditions for adopting the single currency, namely: the economic criteria (price stability, sound public finances, exchange rate stability and convergence in long-term
JP Morgan has increased its price target on Bank of Cyprus shares to EUR 18 per share from EUR 14 previously following a spectacular increase in profitability by the Bank in the
The euro will strengthen macroeconomic stability in Cyprus, ensuring low inflation and low interest rates that are a pre-condition for long-term economic prosperity. The single currency brings stable prices for citizens and
