After having filed their appeals in writing on September 22, the legal advisers of the Popular and the Hellenic Banks will proceed to the pleading on Tuesday afternoon to conclude the first phase of...
The Economist Intelligence Unit may have encouraged the government’s effort to regulate investment loans, but this doesn’t mean that the banks have no longer reservations. EIU supports that a...
23/09/2003
Chairman of the Holy Synod, Archbishop of Paphos said on Monday that the Board of Directors of the companies that come under the Hellenic Mining Corporation will suffer radical changes. “The...
22/09/2003
KEO Ltd announced on Tuesday the dismissal of 40 employees (out of 720) due to “redundancy”. The decision was taken in agreement with the trade unions. Board Chairman, Elias Pantelides told “...
17/09/2003
The Cyprus Parliament in cooperation with the Finance Ministry and the financing organizations have held talks, on Tuesday, on all the necessary changes and regulations of the legislation which...
16/09/2003
Investment loans was the major issue of discussion on the two-hour meeting held on Monday morning between the Democratic Rally party (DISY) representatives and the Commercial Banks Association....
16/09/2003
The six Cyprus-based banks (Alpha Bank, Commercial Bank, National Bank of Greece (Cyprus), Universal Bank, Arab Bank and Cooperative Central Bank), which appeared before the Competition Protection...
09/09/2003
The net profits of the Popular Bank for the first half of 2003 have showed a small increase of 4.4% compared to the corresponding period of 2002. The increased debts offset the bad debts and the...
26/08/2003
The Employers and Industrialists Federation (OEB) demanded from the Finance Minister on Thursday the reduction of the admission scale in the public sector to deal with the fiscal deficit, which is “...
14/08/2003
“The Cyprus banking system never needed a state support”, the Central Bank announced on Thursday, expressing its discontent on Moody’s recent decision to downgrade the Bank of Cyprus, the Popular...
06/08/2003