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Cyprus News Agency: News in English, 10-02-25

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <>


  • [03] BOC - 2009 - PROFIT


    US Secretary of State Hillary Clinton said on Wednesday at the Senate that ``we strongly support the continuing negotiations under UN auspices for a bizonal, bicommunal resolution on Cyprus,`` and noted that the US did not ascribe to Turkish positions.

    Clinton was replying to a question by US Senator for New Jersey Robert Menendez concerning statements by US Ambassador to Turkey James Jeffrey in a newspaper interview that Turkey has ``security concerns on Cyprus``.

    She noted that the ``we have been heartened by some of the intense consultations`` between the Greek Cypriot and the Turkish Cypriot leadership, noting however that ``there is a long way to go.``

    ``And I think that, I cant speak for our Ambassador, but I assume that he was stating the opinion of the Turkish government. That is something that we do not ascribe to, because we want to see the entire Cyprus situation resolved, but we certainly understand that is the stated position of the Turkish government, not the American government,`` she added.


    The Minister of Tourism and Antiquities of the Palestinian National Authority, Dr Kholoud Daibes, arrived on Thursday in Cyprus for an official visit.

    According to an official announcement, during her visit, the Palestinian Minister will be received by President Demetris Christofias, and will meet Archbishop Chrysostomos II.

    She will also hold talks at the Ministry of Commerce and will meet with the Minister of Foreign Affairs, the Permanent Secretary of the Ministry of Communications, the Director of the Antiquities Department, the President of the Cyprus Chamber of Commerce and Industry, and the Cyprus Travel Agents Association.

    [03] BOC - 2009 - PROFIT

    The Bank of Cyprus announced net profits for 2009 amounting to 313 million euro, reduced by 38% compared to 502 mln euro in 2008 due to the financial crisis.

    However, the Group announced estimated net profit for 2010 amounting between 300 and 400 million euro.

    The 2009 profits were hampered mainly due to high provisions on bad debts. The Group announced a proposed dividend of 0.08 euro per share with the total dividend for the year reaching 0.16 euro.

    ``In a particularly negative environment for the global financial system, as well as for the markets in which it operates, the Group, by focusing on its targets, strengthened its financial position and maintained strong liquidity and capital positions,`` a press release issued by the Bank said, announcing its financial results for 2009.


    Cypriot tennis player Marcos Baghdatis has secured a place in the quarter-finals of the Dubai Tennis Championships, after beating India`s Somdev Devvarman with 3-1 (6-3, 3-6 6-1).

    On Thursday, Baghdatis, 37 in world tennis rankings, will face Germany`s Michael Berrer, 56th in the world, who qualified over Russia`s Nicolay Davydenko who retired with pre-existing injury to his left wrist.

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