Marfin Popular Bank is forecast to realize net profits of EUR 614 mln by 2009 according to leaked reports referring to its 3-year Strategic Business plan. The profit growth is seen at
The Church of Cyprus has concluded an agreement to purchase the 7.17% stake of Marfin Popular Bank in the share capital of Hellenic Bank Pcl (HB), raising its stake to 24% plus.
As demographic changes place enormous pressures on governments and companies alike to fund their growing pension deficits new strategies are required for pension funds to escape underfunding in the future. Following a
Bank of Cyprus Public Company Limited has revised its Public Offer to the shareholders of Cytrustees Public Company Limited for the acquisition of up to 50% plus one share of Cytrustees issued
Cyprus-based EMED Mining Public Limited has renewed until 2018 the exploration and mining licence for the Upper Racha prospect, which is Georgia’s largest minerals licence. EMED is now recognized as the first
MFS Public Co. Ltd., has purchased the 35.12% stake of Marfin Popular Bank in Universal Life Insurance Pcl at CYP 3 per share in a deal valued at EUR 24.1 mln. MFS,
3D Global Insurance Agency (Cyprus) Ltd, a member of 3D Global Holdings, the international financial services group based in Limassol, has received a licence from the Cyprus Superintendent of Insurance to market
Cyprus recorded a 2.2% Year-on-Year increase in revenue from tourism in 2006 with total earnings estimated at CYP 1.02 bln or EUR 1.76 bln compared to CYP 1.00 bln in 2005.According to
Ermes Department Stores Public Limited, a subsidiary of Cyprus Trading Corporation Public Ltd issued a positive profit warning regarding its 2006 results and is now waiting for the green-light to list on
ICDL GCC Foundation, the governing body and certification authority of the International Computer Driving License (ICDL) program in the Gulf region supports the Business Software Alliance (BSA) and endorses BSA’s Code of
