In a letter sent to the Labour Minister, Christos Taliadoros on Tuesday, the Arab Bank announced its decision to close its business in Cyprus and dismiss all the staff. The Arab Bank stated that it...
After the temporary decree issued by the Nicosia District Court on July 21, 2005, the pursuit of the assets of Global Consolidator major shareholder and CEO, Lycourgos Kyprianou, expanded in Greece...
06/09/2005
Foreign institutional investors have expressed a strong interest for the Bank of Cyprus shares in the past few months. According to Bank of Cyprus First General Manager, Yiannis Kypri, foreign...
05/09/2005
Louis Plc recorded sharp losses in the first half of 2005, denying expectations for keeping its annual profits at last year’s high level. The increased cost and the exchange losses from dollar’s...
The results of the Bank of Cyprus and the Popular Bank will show a significant improvement in the first half of 2005, analysts said recently. Their forecasts for the anticipated profits of the first...
23/08/2005
The problematic loans are still affecting negatively the financial results of the Hellenic Bank, despite the positive indications in early 2005. In its announcement sent to the CSE on Friday, the...
16/08/2005
The uniformity in the price of fuel in the gas stations is attributable to the competition and not to a cartel, Petrolina Executive Manager, Dinos Lefkaritis said in his interview to StockWatch. “...
11/08/2005
According to ASE data released recently, Cypriots are the fifth largest investors in the Athens Stock Exchange with €2.1 billion, after Luxemburg (€10.2 billion), the US (€7.9 billion), the UK (€6.2...
11/08/2005
The 45 Skouriotissa miners decided on Friday to go on a strike outside the Holy Archbishopric in an effort to claim the amount due of £1 million by the Church. “We feel that the Church, which has a...
22/07/2005
According to the European Insurance Committee annual report, the life insurance sector in Cyprus shrunk in 2004 despite its fastest growth in Europe in the past few years. The annual gross premiums...
22/07/2005