The Board of Directors of Blue Island Plc decided to propose to the AGM the payment of a dividend of 6.5% on the nominal value of the share or CYP0.0065 cents per share for 2006 (EUR0.011).  The cum-dividend date has been set for May 30, 2007 and the ex-dividend date on May 31, 2007.  The

Marfin Popular Bank Public Co Ltd announced that the questionnaire of the Inland Revenue Department for the verification of the fulfillment of the term “Non Cyprus Resident” for 2007 has been posted to all shareholders living abroad. According to the Law, “Non Cyprus Resident” is the natural person who lives in Cyprus less than 183

Aspis Holdings Public Company Ltd announced that the Board of Directors will meet on Wednesday, April 4, 2007 at 8.30 am to examine the possible acquisition of up to 100% of the share capital of a life insurance company based in the European Union. The above action falls under the enforcement of the strategic announcements

Liberty Life Insurance Pcl announced that it allocated to Aspis Holdings Pcl 13,333,334 shares of nominal value CYP0.10 at the price of CYP0.15 per share raising CYP 2 mln in additional capital for the company. Following the issue, Aspis now holds a 59% stake in the share capital of Liberty.

The Cyprus Stock Exchange approved the Public Offer Document by SFS Group Pcl (SFS) seeking to acquire up to 100% of the capital of  White Knight Holdings Pcl (WKH) and granted permission for its publication on March 29, 2007. SFS is offering 1.75 of its shares, nominal value CYP 0.10 for every WKH share of

EMI Music announced that it is launching new premium downloads for retail on a global basis, making all of its digital repertoire available at a much higher sound quality than existing downloads and free of digital rights management (DRM) restrictions.EMI’s retailers will be offered downloads of tracks and albums in the DRM-free audio format of

The index of industrial production for January 2007 reached 104.2 (Base 2000=100), recording an increase of 2.4 % compared to January 2006. For manufacturing, the index for January 2007 reached 91.5 units, recording an increase of 1.1% compared to January 2006. Industrial production inched up by 0.7% in 2006, after a rise of 0.3% in

Production up by 3.9% in 2006   Construction output prices recorded their lowest rise since 2002 last year, rising by 9.3% in 2006, compared with 11.8% in 2005, 14.9% in 2004 and 10.4% in 2003. The main fall in inflation came from the building construction side which rose by just 6.6%, as civil engineering prices

Eutelsat Communications and RBC-TV, the Russian business television channel, announced a five year contract for lease of capacity on the Hot Bird 6 television satellite for free-to-air broadcasting over Europe, the Middle East and North Africa. This new agreement illustrates RBC-TV’s objective to reach Russian-speakingaudiences further afield who follow economic, financial, business and political events