As a result of the reinvestment of dividends paid on 27 June 2006, 3.391.194 new ordinary shares of a nominal value of CYP 0,50 each were issued by Bank of Cyprus Public Company Ltd. The shares were issued to the shareholders who participated in the Bank’s Dividend Reinvestment Plan at a discount of 10% to
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Fed policy makers meeting on Tuesday August 8 will probably to decide to refrain from raising interest rates after nonfarm payroll data came in weaker than expected. The US Labour Department announced that nonfarm payrolls increased by 113,000 following a revised 124,000 gain in June. The unemployment rate rose to 4.8% from 4.6%. The annual
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The Doves Olympic Movement, which is part of UNDP’s initiative, Action for Cooperation and Trust (ACT) in Cyprus, recently organised a nine-day summer camp in the village of Agros, which brought together 113 young people, aged 12-16 from all communities across the island. It included sporting and educational activities, which enhanced multicultural interaction, global citizenship,
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Cyprus Airways has scheduled extra flights to and from Greece to cope with high demand from tens of thousands of Cypriots travelling to Greece for their holidays. Greece has always been the number one destination for holidaymakers across the island, however, this year airports will be overflowing with passengers as many students studying in Athens
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An increasingly number of Cypriots are shifting their opinion about the prospect of introduction of the euro as legal tender from January 2008, according to a Central Bank study conducted by Cyprus College, with three out of four saying they are interested to learn more about the effects of replacing the pound with the euro,
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