Apollo Investment Fund Pcl (APOL) announced that its NAV as at 30 June 2008 was EUR 0.6022 per share compared with EUR 0.7030 per share as at 31 March 2008 representing a decline of 14.3%. Based on the stock’s latest closing price APOL trades at a 50.2% discount to its NAV. The Company‘s portfolio consists
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The Board of Directors of Cyprus Airways Pcl (CAIR) has decided to proceed with the issue of 20mln shares under a share option scheme offered to CAIR’s employees following approval from the company’s EGM. The exercise price of each share option, which will be converted into 1 new CAIR share, is set at EUR 0.09
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The European Investment Bank, the European Unions long-term financing arm, is to lend EUR 135 mln to support the construction of eight hydroelectric power plants in south east Turkey by Enerjisa Enerji Üretim A.S., a 50/50 joint venture between Haci Omer Sabanci Holding A.S and Österreichische Elektrizitätswirtschafts AG. The eight plants with an installed capacity
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Spanish fans of Formula One can watch this season's races live on their handsets thanks to HyC – part of the Ericsson group – in partnership with Boomerang TV and Spanish broadcast network Telecinco. The mobile TV service was launched in May. Under the terms of the agreement, Ericsson's HyC supplies an end-to-end, scalable service
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Energy and resources companies proved to be the bright spot in an otherwise depressed European initial public offering (IPO) market in the second quarter of 2008, representing the bulk of capital raised, according to PricewaterhouseCoopers LLP. The firm’s latest quarterly IPO Watch Europe survey, which tracks the volume and value of IPOs on Europe’s main
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Cytamobile-Vodafone is upgrading its 3G network to Mobile Broadband ηigh speed downlink packet access (HSDPA) that will allow easier and more reliable wireless Internet access, up to eight times faster than was possible through the Cytamobile-Vodafone 3G network so far, using either a mobile phone or a computer. Equipped with a Vodafone Mobile Connect USB
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WagerLogic Limited, a Cyprus-based subsidiary of the Internet gaming software developer CryptoLogic, has won three international awards for its customer service excellence at the ContactCenterWorld.com’s Top Performers Conference in London. WagerLogic, which licenses Internet gaming software to many of the world’s top entertainment brands, earned the gold medal for Europe, the Middle East and Africa
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PricewaterhouseCoopers’ latest economic analysis shows that Cypriot economic growth accelerated to 1% in the first quarter of 2008 due to resilient consumer spending growth and a rebound in investment growth. Since the adoption of the euro on January 1, 2008, exports have contracted while imports have grown strongly. The Cypriot economy is expected to maintain
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Cyprus’ main international airport at Larnaca now has a bus service with three different operators linking it to the main towns. The decision was taken by the government last week to help locals and visitors travel cheaply to and from the airport. The cost of the bus service to Nicosia, operated by Kapnos Airport Shuttle
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After sitting in a tanker off the coast of Limassol for two weeks, the 35,000 tonnes of water cargo that was supposed to be pumped to the national grid Tuesday has been found to be unsuitable for drinking and will be taken to Yermasoyia dam instead. The Water Development Department (WDD) of the Ministry of
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