Marfin Popular Bank CEO Andreas Vgenopoulos insists that MPB does not intend to submit a public offer to the shareholders of Bank of Cyprus and will stop the initiatives for a consolidation in the banking sector for the period of one year.Speaking at a teleconference with analysts, Vgenopoulos said the acquisition of the 8.07% stake
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The Securities and Exchange Commission informed the investing public that Gerald Morse (professional pseudonym Investor Morse), who has a website (http://www.investormorse.com) providing trust asset management services and investment advices has not secured a license for the offer of investment and other relevant services in the Republic by the SEC. Has not secured a license for
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The Board of Directors of Demetra Investments Public Limited announces that the Board will meet on Friday, March 23, 2007 at 1.00 pm to examine the final audited results for the year ended December 31, 2006. Set the data for the Annual General Meeting. Decide on the level of dividend to be proposed to the
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A senior official from Piraeus Bank has admitted that merger talks with Bank of Cyprus broke down at the last minute because of last minute demands made by the Cypriot side demanding more seats on the Board of Directors of the new entity and other petty issues. Piraeus Bank Vice-Chairman Georgos Provopoulos is reported to
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The number of unemployed people registered at the District Labour Offices on the last day of February 2007 reached 14,816, compared with 15,041 persons in January 2007, marking a decrease of 225 persons. The Statistical Service reported that the decrease was mainly recorded in the sectors of public administration and trade. Unemployment also fell on
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The Greek Cypriot government started to demolish a wall within the old part of the capital Nicosia that separates it from the Turkish side just before midnight on Thursday, with the work expected to be concluded before dawn on Friday. But government officials said that the crossing of people to the occupied northern part of
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Cyprus is to kick start its euro communications campaign on March 9, ahead of the full adoption of the common currency in January 2008 at a cost of CYP 1 mln or EUR 1.72 mln. Finance Minister Michalis Sarris and Central Bank Governor Christodoulous Christodoulou told a press conference that the euro campaign, the largest
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Nokia announced that the Software Updater application is now available from selected Nokia local support web pages as well as http://www.nokia.com/softwareupdate. After a successful trial run last year, Nokia is expanding the program to enable people to update their own mobile device software without having to visit a service point. So far, over three quarters
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Panda Software has launched the beta version of its new online scanner: NanoScan. This powerful application detects all active malware hiding in critical areas of a computer in less than 60 seconds. The NanoScan beta version is available free and detects over 600,000 samples of known malware and is continually updated against new threats. It
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Mitsides Public Company Ltd. (formerly Chr. & C. Mitsides Ltd.), the island’s leading flour and pasta manufacturer, distributor and exporter, plans to offer 1.808.304 shares in a forthcoming initial public offering (IPO) in order to raise CYP 1.5 mln (EUR 2.6 mln) to finance ambitious modernisation and expansion plans both in Cyprus and abroad. The
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