The government agreed to sell its controlling stake in the Cyprus Development Bank to a private investment group made up of high net worth Cypriots mostly based overseas for EUR 75 mln or CYP 43.8 mln, of which 88.01% will go to the state and the remaining 11.99% to the European Investment Bank. The Emerging
More
A two-day scientific symposium to codify the Cypriot Maronite Arabic language begins here Friday. The symposium, organised by the Ministry of Education and Culture and the Ministry of Interior, is held following a recommendation of the Committee of Ministers of the Council of Europe in September 2006 for the implementation of the European Charter for
More
The Monetary Policy Committee will hold its regular meeting at the premises of the Central Bank of Cyprus at 8.45 a.m. on Monday, 12 November 2007. This will be followed at 11.00 a.m. by the meeting of the Central Bank’s Board of Directors. Both meetings will be chaired by the Governor of the Central Bank
More
Logicom Public Co. Ltd, announced that it has signed an agreement with the Cyprus Ministry of Education and Culture for the supply and installation within the period of 6 months and the maintenance for the period of 3 years of 10,826 computers and equipment against the sum of $9,742,603.54.
More
Reports are emerging that Naspers, the South Africa based mother company of NedMed NV, which has a significant stake in Multichoice has decided to sell its stake which affects a total of 350.000 subscribers, of whom 340.000 are thought to be in Greece and 10.000 in Cyprus through the NOVA platforms. NedMed is probably afraid
More
Bank of Cyprus reported sharply higher 9M profits of EUR 370 mln, recording a spectacular 66% YoY increase, which was above expectations for EUR 360 mln made by analysts, while Management lifted its full year forecast to EUR 486 mln from EUR 415 mln made earlier in the year. BOC CEO Andreas Eliades said the
More
A year after The Yachts of Seabourn announced that it would build two new, ultra luxury ships, advance booking activity for the first, Seabourn Odyssey, has led to the line’s decision to exercise the option for another. The third sister ship will be built by T. Mariotti S.p.A. of Genoa, Italy for delivery in summer,
More
The Employers and Industrialists Federation, OEV, has called on the Cyprus government to take all measures to eradicate the foot and mouth disease (FMD) in order to save the farming sector as well as the related production industries, while adding that the ban imposed on Tuesday must be lifted as soon as possible. OEV also
More
— 3-year strategic growth plan to be revised higher  Bank of Cyprus Pcl (BOC) is expected to report yet another spectacular rise in third quarter profits ending September, which will allow the bank’s management to revise higher its forecasts for the full year and beyond. Deutsche Bank is forecasting a third quarter profit (July-September)
More
Motorola, Inc. has unveiled the MotoPure H12 Universal Bluetooth Headset, a product that helps users to better hear and be heard in dynamic noise environments. Taking the MotoPure H12 to the streets and other noisy locations where today’s on-the-go consumers live, work and play, Motorola introduced its first headset with the audio-enhancing technology, CrystalTalk. As
More