More focus on capital markets The European Bank of Reconstruction and Development (EBRD) formed in the aftermath of the cold war to invest in eastern Europe is launching a new strategy to shift the focus of its investment to Russia, Southeast Europe, the Caucasus and central Asia. It will thus re-allocate resources from central and

Bank of Cyprus Public Company Ltd. (BOC) announced that it has decided to redeem the EUR 275 mln step-up floating rate subordinated bonds 2006/2011 at their principal amount plus accrued interest on 20 June 2006. If the Bank had not redeemed the bonds, then the coupon of the Bonds steps-up from Euribor plus 120 basis

Lumiere TV revised its proposed public offer for Multichoice (Cyprus) Public Ltd. (MCC) and is now seeking a minimum of 25% o MCC’s share capital from 40% previously while at the same time seeking for the maximum 100% of MCC’s issued share capital. The revised period of approval was extended by one week, ending 5

The euro recovered strongly from the 1.2695 double bottom level and easily climbed above 1.2840 implying that there is a good potential to test near term res. at 1.2920, according to Financial Mirror analysis. A sustained break above here suggests that the recent corrective pullback is complete and that the up trend will be extended