The Cyprus problem was among the regional security priority issues discussed between the Prime Ministers of Russia and Turkey, according to statements made by Recep Tayip Erdogan. During their joint press conference, Vladimir Putin made no relevant reference. The Prime Ministers met at the Russian resort Sotsi on the Black Sea. Putin said that they

Finance Minister Charilaos Stavrakis begins contacts in London on Monday to attract foreign investors in what is seen as the biggest venture by the government to issue four-year bonds, worth one billion euro to international markets, in a bid to refinance the public debt expiring in 2009. The Minister, who is in the British capital,

The Board of Directors of Marfin Popular Bank (MPB) and its subsidiary Marfin Egnatia Bank (MEB) have taken the decision to commence the process of merging the two Banks through the absorption of MPB by MEB with the transformation date being 30/6/2009. The proposed merger is aiming to: • Improve the Group’s strategic flexibility in

Cyprus will tap international markets for one billion euros in bonds to pay off maturing debt, finance its deficits in 2009 and 2010 and inject EUR 200 mln into the state-managed and deficit ridden Social Insurance Fund. The first road-show starts in London on May 18, moving on to Frankfurt, Paris, Amsterdam and Milan in

SFS Group Public Company Ltd (SFS), the Cyprus-based financial conglomerate, aims to achieve high returns for its shipping fund based on Shariah law, that is expected to be launched following its joint venture agreement with Kuwait Finance House Labuan (KFHL) a wholly-owned subsidiary of Kuwait Finance House (Malaysia) Berhad (KFHMB).  SFS’s top management team led

Hellenic Bank Public Co. (HB), Cyprus’s third largest financial group has decided to take a “go-slow” approach as regards plans to commence operations in Russia having already secured full banking permission from the Russian Central Bank last week.  Glafkos Mavros, HB Group General Manager responsible for business development in Cyprus and Russia and one of

The Cyprus Fairs Authority plans to invest some 15-20 mln euros to give its ExpoCyprus facilities in Nicosia a major facelift in order to compete with other international exhibition venues. Authority chairman Loris Tryfon said that plans have reached a “final stage” and the aim is for the whole project to be completed by 2012

CIIM business School has invited Dr Michael Sarris, ex World Bank Department Director and former Finance Minister of Cyprus, to teach the MBA module ‘Issues in Global Banking’ on May 13, 14 and 16. The course is also open to non – MBA students and the public at large. The global banking and finance sector

The University of Cyprus MBA programme is offering 30 scholarships to senior officers and executives from the public sector and from private companies who enroll for the post-graduate course in September. The scholarships are offered to employees of the National Guard General Command (GEEF), the police, the Union of Municipalities, the Cooperative Supervisory and Development