Angelos Gregoriades has become the new Chairman in KPMG after a unanimous decision by the partners. According to the announcement, Mr. Gregoriades succeeded Mr. Nicos Syrimis, who during his 15th...
Five members of the Board of Directors of Bank of Cyprus expressed their intention to withdraw gradually from the Group’s Management. They are Vassilis Rologis, Costas Severis, Anna Diogenous,...
The CSE is suffering great losses on Monday, with investors focusing on the recapitalization of the banks and the government’s effort to secure cash from the pension funds of the semi-governmental...
Cyprus Airways requested €73 million from the Ministry of Finance in order to get on a sustainable course. During the examination of the request for the release of €16.3 million for the capital...
The viability and the subsequent course of Orphanides Supermarkets will depend on the decisions to be taken by the banks soon. After certain press reports, the Company announced that since the...
The banking sector is still under pressure today with the market experiencing huge losses ahead of the financial results of Bank of Cyprus and Cyprus Popular Bank. The two banks issued a profit...
The written statement of the President of the Republic from Brussels that “we are very close to signing a Memorandum with the Troika” seems to have reversed the negative climate in the market. The...
The Cyprus Stock Exchange enjoys impressive gains on Monday in the aftermath of the preliminary agreement between the Central Bank and troika on the financial part of the memorandum. Deliberations...
The CSE Council announced that it has accepted the listing of 5,000 Guaranteed Bonds of Cyprus Popular Bank of nominal value €100,000 each, which bear stable rate of 6%. According to the...
Cyprus Airways expressed its regret for the leak of its restructuring plan, five days after this was published in press. According to the announcement, “despite the precautions taken, its...