S&P withdraws Greek city rating

Standard & Poor’s Ratings Services said that it has withdrawn its ‘BBB-‘ long-term issuer credit rating on the City of Amaroussion in Greece. Amaroussion does not have any issues rated by Standard

Cyprus airports traffic remains strong in September

Over 840,000 passengers travelled through Cyprus’ two Airports in September 2007, an 11.36% increase on September 2006., reported airports operator Hermes Airports Ltd. At Larnaka International Airport, passenger traffic increased by 14.24%

Cyprus welcomes agreement on EU Reform Treaty

by Maria Koniotou Lisbon, (CNA) — Cyprus President Tassos Papadopoulos has described as “very important step” the agreement of European Union leaders on the new reform Treaty, clinched during the Intergovernmental Conference,

Spidernet: 24.7m Rights exercised

Spidernet Pcl (SNET) announced that 24,653,622 Rights were exercised by 152 shareholders or 89.33% of the total 27,598,798 Rights. Since the issue was fully underwritten by Laiki Investment EPEY Public Company Limited

Avacom Net EGM blocks massive share issue

The Extraordinary General Meeting of Avacom Net Public Company Ltd held on October 18, 2007 blocked a Board proposal for a massive share issue, but approved the resolutions allowing the company to

Public opens first Cyprus store

— Limassol to follow, 3rd in Paphos   The Greek entertainment company, Public, has opened its first store in Cyprus and plans to open two more in the near future, challenging the