Laiki up on Serb takeover news

Laiki Bank shares powered 1.16% ahead on Tuesday, pushing the CSE GENX to a record close following news that the island’s second largest financial group has acquired a bank in Serbia in

New income tax legislation

The House of Representatives approved the new personal income tax legislation, pending since May 2004. Specifically the main changes of the new legislation include that companies and self-employed persons with revenues over

Interfund interim dividend

Interfund Investments Public Co. Ltd has decided to pay an interim dividend of 0.75 cent per share or 7.5% on nominal value for a yield of 6.5% based on current prices. The

Confine bids for Finikas

Confine Investments Public Ltd. has submitted a takeover bid seeking to acquire the 50% plus one vote of the share capital of Finikas Amochostou Investments at 32.5 cent per share in cash

Euro rates appear set to rise on Dec 1

The European Central Bank President Jean-Claude Trichet gave his biggest hint yet on Monday that euro-area interest rates are likely to rise at the next meeting on December 1. After the regular

Finance Ministry ready with Lisbon Strategy

The Finance Ministry has completed the first National Action Programme of Cyprus on the Lisbon Strategy, which aims to promote reforms in the development, social and environmental policy of the island. The

Thailand to launch “Cyber Clean” scheme

Thailand plans to launch a “Cyber Clean” scheme to get the Internet-surfing public intimately involved in the crackdown on “improper” websites, the Ministry of Information and Communication Technology (ICT) has announced. ICT