Lazarides departs from Laiki

…Marfin says he agreed on policy Kikis N. Lazarides tendered his immediate resignation from the Laiki Bank Board, effective July 17 citing a policy row with the major shareholders, namely Marfin and

BOC approaches key support

Bank of Cyprus shares dived Friday another 3.21% in Greece to EUR 6.64 or CYP 3.81 while in Cyprus the shares were marked 2% lower to CYP 3.84, a strong chart support

Eurocypria takeover approved

The House of Representatives approved the relevant Draft Law for the acquisition of the Cyprus Airways subsidiary airline, Eurocypria, by the Cyprus Government. The consideration for the acquisition amounts to CYP 13.425