Troilos KEPEY has been ordered to cease operations by the Cyprus Securities & Exchange Commission and its file forwarded to the Attorney General. The company, owned by the former General Manager of Geniki Bank, Nicos Peretanos is alleged to be involved in two cases involving suspect bond trades on account of public organizations amounting to
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Citigroup has placed Bank of Cyprus shares among its top picks with a price target of EUR 15.5 and a buy medium risk recommendation. Citigroup notes that Bank of Cyprus is recording fast growth both in Cyprus and Greece in retail banking and deposits while in Greece it is following a successful branch expansion drive.
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Marfin Popular Bank has set as top priority its expansion into the markets of Russia and Bulgaria in tandem with higher forecasts to be revised higher in its business plan, said Deputy CEO Christos Stylianides. Speaking at the Cyprus Day seminar in Athens, Stylianides said MPB is the top Cyprus banking group as regards own
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The Cypriot government is following closely developments in the occupied north and is concerned over land development and the settlement of the occupied areas, said here Tuesday Government Spokesman Christodoulos Pashiardis.Asked if reports are true over the increasing numbers of Turkish settlers in the occupied town of Morphou, an area which is usually settled by
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The Cyprus government condemns the Armenian genocide, noting that the modern Turkey, which aspires to join the EU, ought to recognize the dark pages of its history and apologize for the crimes of its sinful past.The statement was made on Tuesday by Government Spokesman Christodoulos Pashiardis who added that “as 92 years are being marked
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Bank of Cyprus Group expects to receive the final green-light from the Russian authorities within a month before proceeding to commence full banking operations in Russia, while at the same time rejecting any sort of merger talks with Marfin Popular Bank. Christis Hadjimitsis, BOC Group Financial Controller made the Russia opening statement at the “Cyprus
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Atlantic Insurance Co. Pcl (ATL) announced that a Board meeting held on April 19, 2007 at the Company’s Head Office, decided to approve the final results for the year ended December 31, 2006, fixed that the Annual General Meeting take place on Wednesday, May 30, 2007 at 17.00 at the Company’s Head Office. The Board
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Orphanides Pcl (ORF) have announced the acquisition of the activities and assets of Fthino Kalathi Limited, which operates as a super market in Larnaca as part of the three-year strategic plan to increase group turnover, profitability and purchasing power. The agreement was signed on April 17, 2007. The sale price has been set at CYP710,000
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The Board of Directors of Woolworth (Cyprus) Properties Public Ltd confirmed that the final results for 2006 show that profit before taxation stood at CYP5,274,874 compared to CYP 2,733,241 in 2005, while the profit after taxation stood at CYP 4,292,431 against CYP 2,257,834 in 2006 for a 90.1% increase. The Board of Directors approved unanimously
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Qatar’s Nasser Al Attiyah, the FIA Middle East and PWRC Champion, with a Subaru Impreza, won the Troodos Rally. Cypriot drivers Andreas Peratikos and Charalambos Timotheou finished in second and third places respectively. The three-day event, round three of the 2007 FIA Middle East Rally Championship, finished this afternoon in central Nicosia.Organised by the Cyprus
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