Blog - Page 5225

CSE dives as funds trim BOC positions

Published on

Equity prices on the Cyprus Stock Exchange (CSE) nose-dived 3% on Friday following a sharp decline witnessed in the shares of Bank of Cyprus trading in Greece. The stamepede for the exits started on Wednesday when BOC shares trading in Greece dived from EUR 3.34 to EUR 3.22, and then followed down to touch an

More

Cyprus and Poland agree to further cooperation to curb asylum seekers

Published on

Nicosia, Feb 17 (CNA)– Cyprus and Poland agreed here Thursday to enhance their cooperation within the European Union with a view to curb the problem of asylum seekers. Cypriot Interior Minister Andreas Christou met Polish Interior and Administration Minister Ryszard Kalisz, who is visiting the island. Both Christou and Kalisz agreed to promote their cooperation

More

Hellenic Bank dumps Greece chief over sour debts

Published on

Hellenic Bank (HB) has decided to terminate the services of Georgos Panayiotou, its Head of Operations in Greece, following reports that the Greek operations were instrumental in forcing the bank to hike its provisions for bad debts. Reports suggest that the total of the sour loans could reach CYP 40 mln with massive debts overdue

More

Lanitis Development sales climb, but profits decline

Published on

Lanitis Development (LDL), the developers of the Aphrodite project including golf, hotel and luxurious houses reported that total revenue climbed by 38.5% year-on-year to CYP 21.13 mln in 2004 from CYP 15.26 mln in 2003, but profits were reported sharply lower. Operating profits fell by 15.9% to CYP 2.44 mln from CYP 2.9 mln a

More
1 … 5,223 5,224 5,225 5,226 5,227 … 5,233