A delegation of the Cyprus Chamber of Commerce and Industry (KEVE), headed by its president Manthos Mavrommatis, departed for Iran on Thursday. The delegation comprises businesspeople active in the construction and finance
The FIA World Motorsport Council confirmed in Paris on Wednesday morning that the Cyprus Rally will return to the World Rally Championship (WRC) circuit next year. The 2009 FIA Cyprus Rally will
Primetel Plc announced that its initial public offering (IPO) for 14,352,000 new shares held between 9 and 18 June 2008 at the price of EUR0.36 per share has been covered by 1.92
Left wing AKEL has decided to vote against the Lisbon Treaty a week before the debate at the House of Representatives Plenary which is expected to approve the Treaty. As Cyprus is
The Central Bank of Cyprus announced the results of the auction held on 23 June 2008, of up to EUR 100 mln 4.50% Government Registered Development Stock (GRDS) with maturity of 5
The Ministry of Labour and Social Insurance is recommending new measures aimed at supporting the viability of the Social Insurance Fund (SIF) up to 2050. Some of the suggestions are as follows:
Bank of Cyprus has changed its base rate from 4.5% in effect since April 24 to 5.0%, effective as of 23 June 2008. The decision was taken following an evaluation of the
President of the Cyprus Shipping Chamber has been re-elected to the European Community Shipowners’ Associations (ECSA) Board of Directors, which met last week in Oslo. ECSA comprises the national shipowners’ associations of
The Board of Directors of Bank of Cyprus (BOCY) approved the listing of 7,186,618 new ordinary shares, which resulted from the Bank’s Dividend Reinvestment Plan. The listing of additional shares will increase
Hellenic Bank (HB.CY) announced that the shares that will result from its dividend reinvestment will be offered at a 12% discount on the average closing price of the share between 9 June
