— Wins 2nd EU Award — Enfoton Solar Ltd., the only photovoltaic panel manufacturer in Cyprus, has won the European Export Award for its contribution to the island’s economy, as nearly all
Spanish insurers will continue to suffer from the consequences of the recession and the restructuring of the domestic banking sector in 2010, Moody's Investors Service said in it’s a special comment on
The latest electricity tariff increases in South Africa will likely add to the liquidity pressures on the country's municipalities, as they purchase electricity from national utility Eskom and sell it on to
The fundamental credit outlook for the global shipping industry is stable, reflecting the fact that conditions are unlikely to deteriorate further in the sector, Moody's Investors Service said in a new Industry
Oil rose towards $79 a barrel on Friday, after sliding more than 2 percent the previous session, as an upwards revision in U.S. gross domestic product for the fourth quarter helped revive
The Hellenic Bank has announced a pre-tax profit for 2009 of 36.1 million euro, compared to 44.6 million in 2008. According to the Bank's preliminary financial results for 2009, the total net
National carrier Cyprus Airways swung to a net loss of EUR3.28 mln in 2009, with operations crimped by a fall in passenger and cargo traffic, it said. The airline, majority controlled by
Cypriot retailing group Cyprus Trading Corp's net profit fell to EUR11.7 mln in 2009, reflecting a decline in retail business and incorporation of results from a subsidiary. The group, which has an
The U.S. economy grew a touch faster than initially thought in the fourth quarter as businesses drew down inventories at a much slower pace and boosted investment, a government report showed on
Prime Minister George Papandreou on Friday vowed to ignore the political costs and take drastic measures to pull Greece out of a debt crisis threatening the stability of the euro zone. Speaking
