* EUR 500 mln for 4 new hydro plants *  The Public Power Corporation (PPC/DEH) is joining forces with Cyprus-based Quantum Energy in a hydroelectric joint venture in Republic of Serbia that will propel Greece's primary electricity producer into a new role as a regional energy provider and trader. The venture, PPC Quantum Energy S.A.,

From its humble beginnings soon after the Russian financial and banking crisis in 1998, Alpari has become a household name as regards retail online forex trading. The group, which is known as the Alpari Family of Companies, has grown drastically and now boasts trading and investment operations in 22 countries with Limassol at the forefront

Marfin Laiki Bank expects support from existing and new shareholders in its efforts to raise funds and ensure a capital buffer of 1.9 bln euros is in place before next June, the bank’s new CEO told a journalists’ briefing. Christos Stylianides, until recently Deputy CEO, said that there is “firm interest” from existing as well

Health Minister Stavros Malas and his Greek counterpart Andreas Loverdos said they decided at a meeting in Nicosia that Cypriot patients who need treatment abroad, which cannot be offered in Cyprus, will be referred to specialised private or public medical centres in Greece. Malas said that as a first step, children in need of heart

Elena Ambrosiadou, CEO of Limassol-based Ikos Asset Management, is paying 180,000 euros for copies of eight statues exhibited in the Louvre to be returned to Thessaloniki, in a deal struck with mayor Yiannis Boutaris. The copies of the original second century B.C. statues, which were removed by French historian Emanuel Miller in 1862, will return

Cyprus and EU27 real agricultural income per worker has increased in 2011, according to estimates issued by Eurostat that estimated this to have risen in Cyprus by 1.4% in 2011, when in the EU27 the rise is estimated to 6,7%. However, with the exception of Italy and Cyprus, in all countries of the EU South