…appoints new board members Coca-Cola Hellenic Bottling Company S.A. (Coca-Cola HBC, CCHBC) announced that its 100% subsidiary 3E (Cyprus) Ltd has acquired 95.53% of the issued share capital of Lanitis Bros. Ltd. either in response to the Public Offer launched by, 3E (Cyprus) on 27 January 2006, or purchased by 3E (Cyprus) on the Cyprus

The Cyprus Securities and Exchange Commission has warned the investing public that the firm First Swiss Financial Management AG, which has been soliciting funds for investment from Cyprus based investors is not authorised to conduct business on the island and is not registered with the Swiss authorities. In response to numerous complaints by investors of

Schoeller Holdings Ltd and Path Holdings Ltd have signed an agreement with Universal Life Insurance Pcl, to acquire 52% of Universal Bank’s issued share capital. The agreement will be finalised after the submission of a public offer document subject to the approval of the Central Bank of Cyprus and after a legal and financial due

Data released by the Statistical Service and analysed by the Financial Mirror show that gross value added accelerated slightly from 3.4% in 2004 to 3.6% in 2005. Gross domestic product (GDP), which includes import duties, VAT and an indirect measure for finance, rose by a similar 3.8% in 2005. The main drivers of growth last