Dual display of prices extended in Cyprus

The plenary of the House of Representatives adopted a law proposal for the extension, until the end of December 2008, of the compulsory dual display (in Cyprus pounds and euro) of goods

Cyprus breaks confidentiality law to please Russia

The Cyprus House of Representatives passed on a law on Thursday which allows the  exchange of information, under strict confidence, between local banks and Russian  government tax bodies with comprehensive information on

Cypriot government to combat tax evasion

The government aims to combat tax evasion by companies and self-employed taxpayers and subsequently increase its revenues by applying a new action plan Minister of Finance Charilaos Stavrakis said in statements to

Aspis Liberty issues profit warning

Aspis Liberty Life Insurance Public Co. Ltd (LIB) announced that the results for the 6M 2008 period will be lower compared to the corresponding period in 2007, due to the Company’s loss

Laser sells Coffee Beanery franchise in Greece

Laser Investment Group Plc (LAS) announced the approval of the agreement between its subsidiary Coffee Beanery Europe Ltd and Merchant Trading Limited, which concerns the sale of the franchise agreement for Greece.

Marfin Popular capital issue over-subscribed

Marfin Popular Bank Public Co Ltd announcd the 1.2x oversubscription of its public offering for the Capital Securities of 2008 (2nd tranche), which expired on June 27, 2008. The applications that have

Armenian MP wants Melkonian to reopen

by Maria Fili Representative of the Armenian religious group at the House of Representatives Vartkes Mahdessian will not be raising an issue of right to vote in the parliament so as not

EIU expects 3.7% growth for Cyprus

The GDP growth rate of Cyprus in 2008 is expected at 3.7% for 2008, and 3.1% in 2009 according to the July 2008 Country Report on Cyprus issued by the Economic Intelligence