The roots of the current credit crisis are extremely deep and quite strongly entrenched, Moody’s Investors Service said in a new report. In addition, given that the global financial system has become
AB Vassilopoulos agreed to acquire the discount store chain Plus Hellas for EUR 69.5mln, according to Greek press reports. Plus Hellas, a subsidiary of the German group Tengelmann, operates 33 stores, with
Finansbank, the Turkish bank owned by the National Bank of Greece aims to increase the number of its branches by 85 to 485 in 2008 and increase the number of its employees
Moody’s Investors Service upgraded the foreign and local currency government bond ratings of Cyprus to Aa3 from A1. The outlook on these ratings was changed to stable from positive. Following Cyprus’ entry
Cyprus Airways Public Limited announced the signing of an agreement on January 4, 2008 with Swissport G.A.P Vassilopoulos (Cyprus) Ltd for a joint venture in ground handling at Larnaca and Paphos airports.
The Board of Directors of The Cyprus Cement Public Company Ltd has decided to revalue the company’s land at EUR171 mln in accordance with the Company’s policy to carry out revaluation of
EU27 unchanged at 6.9% The euro area (EA13) seasonally-adjusted unemployment rate stood at 7.2% in November 2007, unchanged compared with October. It was 7.9% in November 2006. The EU27 unemployment rate was
The EU-harmonised inflation rate in Cyprus followed the path of the national consumer price index in December 2007, galloping ahead to end the year at 3.7%, its highest rate on record. In
The completion of the previously-announced acquisition strengthens Nokia Siemens Networks’ Carrier Ethernet expertise and gives the company a comprehensive, end-to-end Carrier Ethernet product portfolio, covering demarcation, edge, access, aggregation, metro core, core
Epson has announced the Middle East launch of two premium quality photo all-in-ones – Stylus Photo RX690 and RX610 – for printing, scanning and copying photos, documents, CDs and DVD faces. They
