One victory, one defeat and a draw were the results of the matches given by three Cypriot football clubs in European cups. Last night in Nicosia, Cyprus cup winners APOEL beat Murata San Marino 3-1 in the first leg of the UEFA Cup 1st qualification round. For the same competition, Omonoia of Nicosia drew away
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The National Council, top advisory body to the President of Cyprus regarding the Cyprus question, deems as positive the agreement reached last Saturday between the leaders of the two communities in Cyprus, in the presence of UN Undersecretary General for political affairs Ibrahim Gambari. The National Council, which convened today under President Tassos Papadopoulos, assessed
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Alliance Reinsurance Pcl (ALL) will call on EGM on 8 August 2006 to examine the Board’s proposal for an increase in the Company’s issued share capital, through the issue of 6.8 mln shares of nominal value of 10 cent each. The issue price for the issue will equal to 90% of the weighted average of
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Bank of Cyprus shares dived Friday another 3.21% in Greece to EUR 6.64 or CYP 3.81 while in Cyprus the shares were marked 2% lower to CYP 3.84, a strong chart support line, below which the pressure is likely to increase for a move to 3.71, the previous low. The absence of Piraeus Bank from
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But no one quite knows why US Deputy Assistant Secretary of State Matt Bryza arrives on the island on Sunday on Cyprus problem business but will not be seeing Cyprus President Tassos Papadopoulos. Nor will he be meeting foreign minister George Lillikas, who has said the visit does not fit into his schedule as will
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Planes bound for Beirut were being diverted to Larnaca airport in Cyprus on Thursday morning following attacks by Israeli forces on Beirut international airport which disabled all three runways. The attack came in response to the kidnapping of two Israeli soldiers in northern Israel by Hizbollah militants who raided from southern Lebanon on Wednesday. Cross-border
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The key inflation rate that will be used to judge whether Cyprus has met the euro Maastricht inflation target crept up in June, as the average harmonised inflation rate (HICP) rose to 2.1% for the 12-month period July 2005 to June 2006, compared with 2.0% in the period June 2005 to May 2006. However, this
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Enlargement Commissioner Olli Rehn has criticised the judgment by the Court of Cassation on July 12 against Hrant Dink for insulting Turkishness. THe Turkish Court of Cassation confirmed the prison sentence given to Dink. In a statement, Olli Rehn said the following. “Yesterday, the Court of Cassation decided to confirm the prison sentence for Mr
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The triple merger planned by Marfin Bank, Laiki Hellas and Egnatia in Greece may ultimately decide to adopt a new name, but the final decision will be made following extensive research and marketing plans, said Marfin Vice-Chairman and CEO Andreas Vgenopoulos. The due diligence reports are currently being prepared by KMPG and Grant Thornton, while
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The Board of Directors of Emporiki Bank made a mild tilt towards the public tender offer made by Bank of Cyprus Pcl seeking control of the Bank, while they also found positive aspects in the offer made by Credit Agricole for the acquisition of a minimum 40% and a maximum of 100% of the bank’s
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