Bank of Cyprus Group has promoted Antonis Jacouris to the sensitive position of Group General Manager – International Business and Operations, while Yiannis Siradakis assumes the role of General Manager of Bank of Cyprus Greece. Bank of Cyprus made the changes, adding that its successful entry into three new markets in 2007 (Romania, Russia, Ukraine)
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The Central Bank of Cyprus granted on 4 February 2008 a banking business licence to “Eurobank EFG Cyprus Ltdâ€, a subsidiary of “EFG Eurobank Ergasias S.A.â€Â which is based in Greece. EFG Eurobank Ergasias SA was established in 1990 in Greece and it is an international banking organisation with a presence in ten countries. It employs around
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Greece’s Orthodox Church elected a moderate and popular bishop, Metropolitan of Thebes Hieronymos, as its new head on Thursday. Hieronymos, who was also a candidate 10 years ago against the late Archbishop Christodoulos, is regarded as a soft-spoken cleric, less fiery and less media-friendly than his predecessor. Christodoulos died from cancer in January. He had
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By Gareth Jones Turkish Cypriots are anxiously awaiting the outcome of an election this month in the Greek Cypriot government controlled areas that could cement partition of the Mediterranean island they share and wreck Turkey’s ties with Europe. President Tassos Papadopoulos, who led Greek Cypriots into rejection of a U.N.-backed Cyprus reunification plan in 2004,
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By Natsuko Waki LONDON, Feb 7 (Reuters) – World stocks hit a two-week low on Thursday after disappointing results from Wall-Mart and warnings from major technology firms intensified concerns a slowing U.S. economy might hurt corporate earnings globally. The euro and sterling fell after their respective interest rate decisions. The European Central Bank left interest
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European Central Bank held interest rates at 4.0 percent on Thursday, as expected, brushing off calls to help avert a sharp worldwide economic slowdown by cutting borrowing costs. All 83 economists polled by Reuters last week expected the ECB to keep rates unchanged at this month’s policy meeting. But expectations are growing that the ECB
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The Bank of England cut interest rates on Thursday in an attempt to shore up the British economy during the global credit squeeze, but policymakers are clearly concerned that inflation remains a problem. The central bank lowered its key rate by a quarter percentage point to 5.25 percent, following a similar cut in December. All
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NICOSIA (Reuters) – A two-year-old British girl who suffered internal burns after drinking a corrosive detergent mixed with orange juice at a luxury hotel is getting better, doctors treating her at a Cyprus hospital said on Wednesday. Annabel Rhodes was removed from a ventilator on Tuesday and was breathing on her own, doctors said. “She
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— €3 bln investment for port, marina, hotels  A decision is imminent on which of the three international consortia will undertake the massive development to transform the port of Larnaca into the Eastern Mediterranean’s leading cruise centre. The successful bidder, however, is not expected to be announced until after the presidential elections this month.
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Louis Cruise Line is to start negotiations with European shipyards on a newbuilding of around 2,000-passenger capacity for delivery in 2012, as part of its restructuring plan that may see some older ships being sold off. Louis Cruise chief executive Stelios Kiliaris was quoted by Lloyd’s List as saying that the restructuring started last year
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