Alliance International Reinsurance Public Company Ltd (ALL.CY) announced that the independent expert evaluated the Public Offer of Flagstone for the acquisition of up to 100% of the issued share capital of ALL
The European Central Bank kept interest rates unchanged on Thursday but discussed a cut as financial market turmoil and slowing economic growth has caused inflation risks to ease, ECB President Jean-Claude Trichet
Cyta, which previously was short for Cyprus Telecommunications Authority is the new brand name of Cyprus’ state-owned telecom, which has relaunched itself with a new logo, identity and soon to come product
Cyprus can easily and immediately make available up to EUR 2 bln in emergency funds to support the island’s banking system, if there is such a need, even though Finance Minister Charilaos
Marfin Investment Group (MIG) will not make a bid to buy Bank of Piraeus or Bank of Cyprus, MIG's Executive Vice-Chairman Andreas Vgenopoulos said on Wednesday. "At this point, there are two
The European Commission has decided to pursue infringement procedures against Cyprus and 11 Member States for failure to implement certain Internal Market Directives into national law. The Commission will refer Austria, Belgium,
The annual consumer price inflation rate fell for the second consecutive month in September as oil prices levelled off, but remained high by historical standards. The consumer price index rose by 5.3%
The U.S. Senate endorsed a revised $700 billion plan to tackle a financial crisis that has shaken world markets and drawn warnings of approaching economic catastrophe. The plan now faces a final
The European Commission has put forward a revision of EU rules on capital requirements for banks that is designed to reinforce the stability of the financial system, reduce risk exposure and improve
Widening spreads on borrowing applied by Cyprus banks and a global credit crunch have failed to dent the appetite of Cypriots to borrow, with the latest figures from the August 2008 Monetary
