An Extraordinary General Meeting of shareholders of MFS Holdings Pcl (MFS) approved the resolution to reverse stock spilt of the Company’s authorised share capital from 300 mln shares of a nominal value of 4 cent each to 30 mln shares of a nominal value of 40 cent each. Shareholders also approved a resolution to reverse

Moody’s, the credit rating agency in its recent report on Bank of Cyprus Pcl identifies the risks involved with the deficit in the Group’s staff pension plan amounting to CYP 104 mln, but notes the improvement and at the same time says it may move to upgrade the Bank’s rating. Moody’s recognize the deficit as

A. Zorbas & Sons Public Co. Ltd. announced the opening of two new outlets in recent weeks and the imminent opening of three more stores before the end of the year lifting the total number of retail outlets to 45 from 40 at the end of the first half. During an investors presentation, Costas Zorbas

A Turkish Cypriot hotelier has shown interest in buying the troubled national airline Cyprus Airways, according to reports by the Cyprus Sunday Mail. The offer came from Aziz Kent, the first Turkish Cypriot to be awarded a licence for a hotel in the 1960s, according to his own statements. Kent told the Sunday Mail that