Attorney General, Petros Clerides, held two separate meetings with ETYK and National Bank (Cyprus) on Friday, in order to terminate the labour crisis. Mr. Clerides met ETYK and its lawyer, Loukis...
The Cyprus Development Bank Management is expected to meet its major shareholder, the European Investment Bank, on Friday and the talks will focus on the latest developments after the Republic’s...
25/05/2007
The House talks on the bill on the governmental guarantee for the allocation of a loan of €78 million to Cyprus Airways have been postponed for two weeks. The loan will be granted for the...
25/05/2007
The major issues in today’s financial press are the withdrawal of the resolution for cooperation with Bank of Cyprus by Marfin Popular Bank, the dispute between ETYK and National Bank and the...
25/05/2007
Cyprus’s three largest banks are expected to show impressive profits of €1 billion in 2007. Their managements anticipate that their profits will reach €929 million against €529.7 million in 2006,...
Bank of Cyprus is not willing to comment on Marfin Popular Bank’s decision to withdraw from the Annual General Meeting of BOCY the resolution on the initiation of deliberations on the integration of...
The ongoing crisis in National Bank (Cyprus) has affected the banking system. Due to ETYK’s strike staged on May 2 and the lock out of National Bank, the bank’s branches remain closed and the...
24/05/2007
Marfin Popular Bank decided on Thursday to withdraw the resolution from the upcoming Annual General Meeting of Bank of Cyprus for the initiation of deliberations between the two banks on a possible...
After the Council of Ministers’ decision to look for a strategic investor for the sale of 88% of the shares that it holds in the Development Bank, the state decided to redefine the role of the bank...
24/05/2007
The ongoing crisis in National Bank forced the Attorney General, Petros Clerides to intervene. Mr. Clerides will have a meeting with the leadership of ETYK and National Bank on Friday, which will...
24/05/2007