USB up on renewed bid talk Laiki Bank shares maintained their gains above the key CYP 2.63 level, closing Tuesday at a fresh three month high of CYP 2.70 amid bullish expectations that the first half results, due to be announced by the Bank next week on August 8, will show that profit surged by
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The top hierarchy of the island’s closely tied and highly secretive banking community is shaking following yet another timely intervention by the Governor of the Central Bank, Christodoulos Christodoulou, who has embarked on a campaign to force the banks to clean up their acts and, in the case of the listed companies, behave like true
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Presented by: Andreas Neocleous & Co. Following Cyprus’s accession into the European Union in 2004, Andreas Neocleous & Co was commissioned by the government of Cyprus to draft the necessary amendments to the Cypriot Companies Law in order to implement Council Regulation No 2157/2001 on the statute for a European Public Limited Company, otherwise known
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The Cyprus Development Bank, recognizing that technology is a critical factor in its future growth, has taken a strategic business decision to invest in state-of-the-art IT systems, which will allow it to enhance its flexibility in addressing the rapidly increasing and changing needs of its customers and improve productivity and cost-efficiency. The Bank is glad
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The Cypriot Minister of Agriculture, Natural Resources and the Environment, Mr. Photis Photiou, issued the licensing of the Collective Packaging Management System, organized by Green Dot Cyprus, with effect from the 1st of August 2006. This is the first license issued in Cyprus for this purpose, rendering the Green Dot Cyprus system currently the only
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Minister of Justice and Public Order Sophocles Sophocleous announced that a meeting he chaired today with the participation of the police and civil authorities of Larnaca Airport decided to implement precautionary and, if necessary, suppressive measures for the security of the airports and ports of Cyprus. Sophocleous told the press that ‘specific instructions have been
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The financial dependency of the Turkish occupied areas of Cyprus on Turkey, which is due inter alia to the use of the Turkish lira, the uncertainty arising out of the Cyprus problem which remains unsolved, the insistence on secessionist actions and efforts aiming at the recognition or upgrading of the puppet regime in the occupied
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The combined assistance of the European Union to alleviate the humanitarian crisis in Lebanon amounts to over 108-million euros in monetary terms alone. In addition, substantial amount of aid in kind in the form of food, medicine, and shelter has been provided.A report of the humanitarian assistance to Lebanon and the combined efforts of the
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