The new Technological University of Cyprus will receive its first students in September 2007, Cyprus Education and Culture Minister Pefkios Georgiades and President of the University’s Temporary Administration Committee Andreas Demetriou announced on Thursday. The University will be based in the southern coastal town of Limassol and will have eight classes in five faculties. These
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The Board of Directors of the Bank of Cyprus Public Company Ltd unanimously decided to appoint as members of the Board of Directors Eleftherios Ioannou and Manthos Mavrommatis with immediate effect. The Board of Directors took into serious consideration, among other things, the need to appoint independent non-executive directors to the Board of Directors, to
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Head of the Cypriot Investigation Committee on Air Accidents and Incidents Costas Orphanos said the reconstruction of the fatal flight of Helios Airways that killed all 121 people on board, will take place on Monday December 19, at 11:07 local time. Orphanos told CNA that the reconstruction will be conducted with an aircraft of the
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CCC Holdings & Investments has expressed the interest to submit a bid seeking to acquire the 100% share capital of K&G Complex at 10 cent in cash. CCCH, related parties and Board members currently control 52.21% of the share capital of CCCH and in effect they are seeking to acquire the remaining 47.79% of K&G,
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The CSE suspended trading in the shares of Lanitis Bros. and Alkis Hadjikyriakou (Frou-Frou) pending the possible submission of a hostile bid by FBI to acquire LB. FBI has called an emergency board meeting Friday morning to discuss the possibility of submission of a hostile bid, which if approved would be counter to the bid
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The House of Representatives approved on Thursday the State Budget for 2006. A total of 51 deputies present voted in favour of the budget while the deputy of the European Democracy Prodromos Prodromou voted against. The vote comes after a three-day debate at the House. The State Budget for 2006 presented a net income of
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Bid speculation and the search for the next Cyprus listed company that may become a takeover target helped push 40 titles higher on Friday, mostly small to middle size, at a time when the majors were either lower or unchanged. The GENX closed 0.27% lower at 104.67, and the CSE Main/Parallel index was down 0.35%
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After a reasonably strong October when tourist arrivals rose by 4.2% year on year, arrivals of tourists took a dive in November, dropping by 8.1% compared with November 2004, or more than 9,200 people, to 104,822. This disappointing performance pulled down the year-to-date growth in arrivals to 5.5% year on year in the first 11
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