Louis acquires the Orient Queen

Louis Pcl exercised its right to acquire the ‘Orient Queen’ vessel from Orient Queen Shipping Inc, which was previously acquired (in August 2006) through the bareboat/hire purchase method. The consideration price was

Cyprus Hoteliers predict tough tourism season

Cyprus hoteliers are predicting a very tough tourism season in 2007 with Cyprus Hoteliers Association Chairman Haris Loizides saying that despite a satisfactory 5% increase in world tourism to 840 mln people

Elma lifts profits by 553%

Elma Holdings reported a 553% increase in FY06 profits to CYP 15.6 mln or EUR 26.8 mln from CYP 2.8 in FY05 on the back of a spectacular 121% increase in the

Defiant Aspis promises more takeovers

Aspis Holdings Pcl, formerly MFS Holdings Pcl (MFS) has promised that it will continue to invest heavily both in Cyprus and in the Balkans/East Europe through its Cyprus holding company, despite the

Cyprus not to join Schengen before 2010

Cypriot Minister of Foreign Affairs George Lillikas has said it is not projected that Cyprus will be able to join the Schengen area before 2010, due to political considerations and to the

Cyprus not to join Schengen before 2010

Cypriot Minister of Foreign Affairs George Lillikas has said it is not projected that Cyprus will be able to join the Schengen area before 2010, due to political considerations and to the