Fiscal policy pays dividends, says President

Government fiscal policy is paying off dividends which are increasingly becoming more obvious to the people, President Tassos Papadopoulos has said, as he addressed a huge gathering of bank employees, who met

IMF supports Cyprus euro adoption plan

The International Monetary Fund (IMF) supports the Cypriot authorities’ target to adopt the euro on January 1, 2008. The statement was made at the end of the preliminary conclusions of an IMF

SEC warns on European American Prosp. Trust

The Cyprus Securities & Exchange Commission has issued a warning that the European American Prosperity Trust (EAPT), which in its web site (http://www.eaptrust.com) says it maintains an office in Cyprus and offers

UBS, DB and JPM up BOCY price target

UBS, Deutsche Bank and JP Morgan have all revised higher their price targets on the shares of Bank of Cyprus Pcl (BOCY), which following the release of better-than-expected 9M results and an

Marfin stake in Laiki at 15.17%

Marfin Financial Group announced that as of November 3, 2006, its stake in Laiki Bank has increased to 54.232.852 shares for a 15.17% stake in the Bank following the purchase of 3.081.882

Vgenopoulos new CEO of Laiki

The Board of Directos of Laiki Bank Pcl (CPB) unanimously elected Andreas Vgenopoulos as the new CEO of the Group. The Board also unanimously elected two Deputy CEOs. They are Christos Styllianides