Bank of Cyprus Public Company Ltd announced the successful completion of its share capital increase with the issue of a total of 77.902.232 shares and proceeds to the Bank of CYP 109.063.125 or EUR 190.17 mln. The capital increase was the largest and most ambitious attempt by a CSE listed company to raise funds after
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Set to surpass UK and France in 2005 A revision to the way national statistics are calculated has led to a massive upward revision to China’s gross domestic product (GDP) figures and puts China as the 6th largest economy in the world in 2004 and probably the 4th, ahead of France and the UK, in
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The Turkish Cypriot parliament in the unrecognised statelet in northern Cyprus yesterday voted to allow Greek Cypriots to apply for restitution of their property lost after the 1974 Turkish invasion. If this is found to be a sufficient legal remedy by a European Court of Human Rights judgement on the Arestis v Turkey case on
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Air decompression in the cabin of the Helios airplane which crashed on the 14th of August 2005 was partial and not total, Head of the Team Investigating the accident Serafim Kamoutsis told a press conference in Athens, after the reconstruction of the flight on Monday. Head of the Greek Committee for the Investigation of Air
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The international credit rating agency Fitch Ratings downgraded Hellenic Bank’s individual rating to ‘D’ from ‘C/D’. At the same time Fitch affirmed HB’s long-term rating to ‘BBB’ and short-term rating to ‘F3’ with the Outlook on the long-term rating remaining unchanged at Stable. Fitch analysts’ have taken into account HB’s weak quality of loan portfolio
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A court confirmed Friday the legality of a controversial levy imposed on sales in Germany of personal computers. The state superior court in Munich said that a royalties agency, VG Wort, was entitled to collect 12 euros for every computer sold. A computer manufacturer had challenged the levy. Computer makers and importers have campaigned against
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