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 making investments resulting from the downturn of both CSE and international markets. Analysts at CISCO noted that Aspis Holdings Public Co. Ltd (ASP)
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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. The agreement was signed on June 20, 2008 and was ratified on July 8, 2008 against the sum of EUR 1,500,000. Merchant Trading
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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 been received amounted to EUR100.92 mln and exceed the sum of EUR83.84 mln that had been offered. The Capital Securities will be allocated
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Russia is looking closely at the possibility to remove Cyprus from its two tax “black lists”, Deputy Finance Minister Sergei Shatalov told journalists in Moscow. He explained that the proposed move was connected to preferential tax treatment in Cyprus, as well as to the fact that it did not provide Russian government tax bodies with
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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 to complicate matters regarding the Cyprus problem with the changes to the Constitution that this move would demand, but intends nevertheless to discuss
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It is hard to know how far the global financial crisis still has to run, with the extent of further credit losses hinging on what happens to the U.S. housing sector, IMF chief Dominique Strauss-Kahn said. "What is sure is that the consequences for the real (economy) sector of the financial crisis are still in
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By Yoko Kubota and Chisa Fujioka TOYAKO, Japan, July 9 (Reuters) – Group of Eight leaders patched together a deal to fight climate change at a summit that wound up on Wednesday, but failed to convince big emerging economies that rich countries were doing enough. Climate change was the most contentious topic at this year's
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LONDON, July 9 (Reuters) – A London-based unit of Iran's largest bank, Bank Melli, failed in a High Court challenge on Wednesday against an asset freeze imposed by the European Union. Bank Melli and its subsidiaries were named in the latest round of sanctions agreed by the EU on June 23 to increase pressure on
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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 Unit (EIU). The lower GDP forecasts stem from the anticipated slowing pace of lending which, according to EIU analysts, reflects the negative impact
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Hellenic Bank announced that as a result of the participation in the Bank’s Dividend Reinvestment Plan a total of 4,975,266 new ordinary shares will be issued and listed on the CSE. According to the Bank, the acceptance rate for the Dividend Reinvestment Plan reached 40.04%.
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