Cyprus-based EMED Mining Public Limited has renewed until 2018 the exploration and mining licence for the Upper Racha prospect, which is Georgia’s largest minerals licence. EMED is now recognized as the first western company to commence systematic exploration for gold in this prospective and rapidly advancing country. The company has also selected the Ipari Prospect
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3D Global Insurance Agency (Cyprus) Ltd, a member of 3D Global Holdings, the international financial services group based in Limassol, has received a licence from the Cyprus Superintendent of Insurance to market general and life insurance products in Cyprus. Last year the group’s investment firm (EPEY) was approved by the Cyprus Securities and Exchange Commission
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Ermes Department Stores Public Limited, a subsidiary of Cyprus Trading Corporation Public Ltd issued a positive profit warning regarding its 2006 results and is now waiting for the green-light to list on the Cyprus Stock Exchange. The Board of Directors ascertained that the results for 2006 are significantly improved compared to the corresponding results of
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Cyprus will report within the day to the UN and the EU Turkey’s provocative stance towards the Republic of Cyprus, in relation to the exploration and exploitation of possible oil reserves or natural gas in the sea area of the island. “We are proceeding just as we planned,†Government Spokesman Christodoulos Pashiardis said here Wednesday
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The Cyprus Telecommunications Authority (CYTA) and Mediterranean Nautilus Ltd, signed an agreement on Wednesday for the construction of a new ring from Cyprus to Sicily, with the name “Minerva Systemâ€.The Minerva System will introduce a ring to Cyprus by adding a Branching Unit and a new segment to the MedNautilus main system in addition to
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The biggest ever Motorshow in Cyprus opened at the Cyprus State Fairs Authority grounds. Chairman of the Cyprus State Fairs Authority Loris Tryfon said that Motorshow 2007 is the largest show in the history of specialised exhibitions that have been organised by the Authority and by far the biggest Motorshow ever to have taken place
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ICDL GCC Foundation, the governing body and certification authority of the International Computer Driving License (ICDL) program in the Gulf region supports the Business Software Alliance (BSA) and endorses BSA’s Code of Ethics for managing the use of intellectual property in the ICDL training and testing environment. This initiative includes the endorsement of BSA’s eight-point
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Ericsson announced the successful completion of DNA Finland’s 3G network upgrade – a move that will provide end users with a true mobile-broadband solution. Signed in late December 2006, the contract includes a commercial High-Speed Packet Access (HSPA) software upgrade, as well as deployment, integration and support services. The completion of the network follows Ericsson’s
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At the board meeting of Woolworth (Cyprus) Properties Public Ltd held on January 30, 2007, the Executive Chairman Nicos K. Shacolas announced to the members of the Board of Directors his decision to resign from the position of the company’s chairman, due to excessive pressure of work. Shacolas has increased obligations after the undertaking of
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Demetra Investments Pcl has acquired 1 mln shares of Ermes Department Stores Public Ltd from the Company at 35 cent each. According to the Company, there has been significant interest from institutional investors regarding Ermes shares at a price exceeding 35 cent. Ermes shares were offered to FWW shareholders in proportion to their shareholding in
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