The title of Multichoice (Cyprus) was allowed to resume trading after the CSE approved the public offer document submitted by Lumiere TV Public Co. (LTV) seeking a minimum of 40% and a maximum of 100% of MCC share capital. The MCC shares were suspended when LTV first revealed its intention to exit out of its
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Marfin Financial Group will take more than 50% of the new bank that is likely to emerge from the merger of operations of Marfin, Laiki Hellas and Egnatia Bank, according to Marfin Vice-Chairman Andreas Vgenopoulos. Speaking at the AGM of the Bank, Vgenopoulos said the triple-way merger is proceeding according to plan and are expected
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The Board of Directors of the Bank of Cyprus Public Company Ltd will convene on Thursday 11 May 2006 to examine the Group financial results for the quarter ended 31 March 2006. On the same day, the financial results will be announced to the Stock Exchange and the Press. Based on preliminary indications, the Group
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…only 9.400 hold more than 10 titles Local fund managers remained sceptical of the CSE advance as evidenced by their net short position during March, at a time when both foreign institutional and domestic private individuals continued to increase their purchases. Local fund managers sold CYP 35.17 mln of the sell transactions or 35.08% of
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Trading will be in euros Legislators gave the Cyprus Stock Exchange the go-ahead for its tie-up with the Athens Stock Exchange on Thursday, which should pave the way for the common trading platform launch by the end of June. The new platform should bring more foreign interest and liquidity into Cypriot shares. In its last
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Cyprus will be host to the prestigious academic forum, the European Consortium for Political Research (ECPR), on April 25-30, when hundreds of distinguished academics from all over the world will congregate at Intercollege to present papers on, and discuss the key political science issues of the day. These will include among many others globalisation, political
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Export growth slowed in February as the exports of goods from Cyprus rose by just 4.6% year on year in February, compared with 22.7% in January. This is primarily because exports to non-EU countries fell by 8.2% year on year–the second monthly fall in a row. Exports to EU countries (called “intra-EU dispatches” in impenetrable
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How to meet the euro target Inflation as measured by the EU-compatible harmonised consumer price index (HICP) rose to 2.6% year on year on March, compared with 2.3% in February and 2.0% in January. The figures are based on the recently rebased index, 2005=100. On a month-on-month basis, the fastest rising category was clothing and
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