Moody’s the international rating agency, has kept Cyprus’ rating outlook stable and its credit quality rating in foreign currency at A2 (“medium”), supported by the high per capita income and a manageable debt. Moody’s pointed out that the large fiscal deficit as a percentage of GDP as well as the ability of the Government to

Woolworth (Cyprus) Properties Public Co. Ltd. reported a sharp decline in net profits during the first nine months of the year because of lower revaluation of land investments and higher financing costs. Rent income from its properties was moderately higher at CYP 2.1 mln from CYP 1.9 mln a year ago, but the revaluation of

Lumiere TV Public Company Ltd. is among 22 companies in queue for a listing on the Athens Stock Exchange. As previously reported by the Financial Mirror, LTV is seeking a dual listing on the ASE and the CSE and following the withdrawal of Mitsides, it is the only Cypriot company seeking to follow in the

Laiki Global eTrading, a new service by Laiki eBank and Laiki Investments, enables investors to invest in major international stock exchanges, through the Internet, with competitive pricing and terms. Investors are offered the chance to place trading orders from the comfort of their home or office 24 hours a day, to easily, quickly and securely

Greek authorities banned the activities of Galaxias AEGA, the Greek subsidiary of the CSE listed MFS Group Public Co. Ltd., which is involved in the general insurance business there. Greek Deputy Minister of Development Yiannis Papathanasiou said that the clearance of the “bad” players as he described in the insurance market started with the withdrawal