The delistment of New Marathon from the Cyprus Stock Exchange seems almost inevitable, as the company continues not to submit its financial statements to the CSE. However, after receiving a number...
The phenomenon of the Albanian pyramid appeared in Cyprus for the second time this year. Chairman of the House Finance Committee, Aristos Chrisostomou, revealed that a company offered large returns...
02/06/2003
A new development is currently in progress in the economic and political field, after the recent meeting between the Hellenic Bank and the representatives of a Turkish Cypriot Bank. At the Annual...
29/05/2003
Laiki Group announced on Monday that it has proceeded to a reshuffling in the general management of the Group. Following the criticisms for the dual capacity of Mr. Lazarides as Executive Chairman...
26/05/2003
Despite the fact that the economic slowdown in Cyprus has affected negatively the majority of the 150 companies listed in the CSE, auditors have expressed their concern on nine companies, whose...
23/05/2003
The 6-hour strike measures to take place on Monday are untimely and unnecessary, said the Cyprus Airways Deputy Chairman, Achilleas Kyprianou, stressing that the strikes will hit the company in a...
23/05/2003
Relations between the shareholders and company directors seem to have entered a new phase in recent weeks. After the criticisms voiced by the BOC shareholders last week, Laiki shareholders took...
22/05/2003
The Securities and Exchange Commission considered the potential losses from BOC's investment in the Greek IT company Zachs to be insignificant compared to the size of the Group, and hence, did not...
20/05/2003
Official: SEC was made aware of the case The Bank of Cyprus has accumulated losses of less than EUR 13 million from its unsuccessful investment to the Greek IT company Zachs (BOC acquired 60% of its...
19/05/2003
The accumulated losses of the last few years, increased labour costs and the negative consequences from the liberalization of the financial system have pushed Cypriot banks to proceed to new measures...
13/05/2003