The agreement between Aspis Holdings and Marfin Popular Bank for the acquisition of 35% of the share capital of Universal Life has been extended for 24 more months. After the Insurance...
In its report under the title “Starting off with some big moves”, UBS raised its Price Target for Marfin Investment Group to €7.4 from €7. It also upgraded its rating to “neutral 1”. According to...
23/07/2007
In his interview to StockWatch, Laiki Investments Fund Manager, Marios Demetriades warned that all those who proceed with investments based on rumours must be ready for losses as well. “If we...
23/07/2007
In its report released last week (the first report after the fixing of the Cyprus pound), international credit rating firm Moody’s cites the reasons that will contribute to the change of Cyprus’s...
23/07/2007
The major issues in today’s financial press are the CSE performance since early 2007 and the loans granted by the commercial banks in May 2007. The daily press focuses on the reelection of the...
23/07/2007
“We hope that UN Secretary General, Ban Ki-moon will undertake a renewed effort to achieve a peaceful settlement of the Cyprus problem. The United States will support such effort”, US Undersecretary...
20/07/2007
According to CYSTAT data released on Friday, used car sales in June 2007 recorded an increase of 48.4% to 2,338 against 1,576 in the corresponding month of 2006. Similarly, new car registrations...
20/07/2007
Cyprus had one of the highest employment rates in the EU in 2006. According to Eurostat data released on Friday, the employment rate of people aged 15-64 stood at 69.6% against 64.4% of the EU...
20/07/2007
The Securities and Exchange Commission announced on Friday that the Supreme Court’s decision is attributable to the serious weaknesses that the legislation had for the role and the competencies of...
20/07/2007
Marfin Brokerage expects that the net profits of Bank of Cyprus in the first half of 2007 are expected to increase by 48.5% to £126.3 million (€216.2 million) compared to £85 million (€145.5 million...