The Board of Laiki Bank is scheduled to meet on December 5, 2005 to decide the final details regarding the terms of issue of the rights in a bid to raise up to CYP 75 mln in capital. Laiki General Manager Christos Stylianides told the Financial Mirror that the Board will also state the exact

Muskita Aluminium Industries (MAI) reported a 11% decline in net profits to CYP 3.2 mln in the first nine months of the year following higher depreciation charges, increased energy costs and foreign exchange losses on conversion of balances. The Board issued a negative profit warning for the whole of 2005 and said its profits for

Laiki Bank expects to wrap up the procedures leasing to the complete takeover of the Serb based Centrobanka a.d. by the end of 2006, with Laiki General Manager Michalis Louis stating that the total acquisition cost will range between EUR 38 to EUR 45 mln. In the first stage, Laiki has reached a provisional agreement

Some 1,200 Internet users in Denmark try to access child pornography websites each day, but a month-old blocking filter, so far only available to customers of telecommunications group TDC, has has thwarted most attempts. Danish police, Internet service provider TDC and child advocacy group Save the Children Denmark have developed the filter to block access

Hellenic Bank Public Co. (HB) reported a 27% year-on-year decrease in first nine month profits to CYP 2.9 mln from CYP 4.02 mln a year ago as cost and provision in doubtful debt increases as well as continued losses at its Greek operations more than offset a 7% increase in net income. Net interest income

At the request of the Slovak authorities, euro zone ministers together with the European Central Bank, the ministers and the central bank governors of Cyprus, Denmark, Estonia, Latvia, Lithuania, Malta, Slovenia and Slovakia decided on 25 November to include the Slovak koruna in ERM II. The central rate of the Slovak koruna was set at