The increased provisions for bad debts are still a nightmare for the Hellenic Bank. After the decision of the international credit rating agency, Moody’s, to set the Hellenic Bank under observance...
“The government’s denial to proceed to privatizations prevented the disposal of part of the capital of the Cyprus Development Bank to Piraeus Bank, which would add millions of pounds to the state...
House Commerce Committee appealed on Tuesday for the support of the small-medium enterprises, which have been hit after the island’s accession in the EU and Commerce Committee Chairman, Lefteris...
In an effort to push the fiscal deficit below 3% of GDP pursuant to the revised Convergence Program, the revenues of £30 million from the regulation of the tax amnesty will be registered in 2004,...
Cyprus Airways announced on Friday the abolition of 123 job posts. The Company has already sent letters to its employees, informing them that their service will be terminated on Monday. This...
“Those who sell the same or similar goods must have the same opening hours. That’s the philosophy of the bill. Each one has the option to decide what products to sell. The balance of the...
After the latest developments in the Hellenic Bank and despite the withdrawal of the General Manager in Greece, Giorgos Panayiotou, the HB high ranking officials are still under pressure. The...
Cyprus Airways admitted on Thursday that its coffers are empty and the company is unable to pay the overtimes to its flight attendants and pilots. According to StockWatch sources, the national...
Laiki Group announced on Wednesday that its net profits stood at £21 million. The Popular Bank will grant a dividend of 3 cents per share.
The latest developments in the Hellenic Bank as a result of the increased provisions for bad debts have led to a number of changes in the bank’s leadership in Cyprus. Specifically, bank sources...