Cyprus-based Marfin Popular Bank's board has approved plans to boost its capital with a 488.6 mln euro rights issue and a convertible issue worth up to 660 mln euros. The rights would
— Hit by provisions; NII up 25% at €768 mln — Bank of Cyprus net profits for the first nine months of the year fell 6% to 248 mln euros after hiking
— “You could be next,” says Minister — Cyprus Airways will likely post a full-year loss of around 30 mln euros, hit by cheaper rivals and fixed costs, finance minister Charilaos Stavrakis
Greek Prime Minister George Papandreou ruled out calling a snap parliamentary election on Sunday after winning enough support in local polls to decide he could press ahead with a radical austerity programme.
Plastic card spending by Greek Cypriots in the “Occupied Areas and Attaleia” rose by 15.4% to EUR 9.02 mln in the first ten months of 2010, according to data from the credit
Credit card spending by locals accelerated in October according to data from the credit card company JCC. Local plastic card use by Cyprus residents increased by 8% over the year earlier to
The manufacturing sector was worth EUR 3.3 bln in 2009, according to the latest Statistical Service publication, “Industrial Statistics, 2009”. The report provides detailed data on the broad industrial sector, covering manufacturing,
Retail trade volumes rose for the third month in a row in August according to preliminary figures, rising by 1.6% over the year earlier, compared with an increase of 2.2% in July
All 68 people on board an Aero Caribbean plane were killed when it crashed in mountainous central Cuba on Thursday after issuing an emergency call, a government website said on Friday. "There
The population of Cyprus in the southern government controlled area was estimated at 803,200 at the end of 2009, recording an increase of 0.8% from the previous year. The population in the
