CAIR book-building 2.1 times oversubscribed

Cyprus Airways Public Limited announced the successful completion of the increase in its share capital with the issue of 279,819,540 new shares. The total capital absorbed by the Company is estimated at

Pandora pays dividend from 2003-2005 profits

The Board of Directors of Pandora Investments (PND) decided unanimously to pay an interim dividend from the Company’s accumulated profits for 2003 – 2005 of CYP 2,546,611 (EUR4,351,143), that is, 0.6 cents

DHH finalises Plaka Hotel sale

D.H. Cyprotels Pcl (DHH) has finalised the deal to sell the Plaka Hotel and the land located around the hotel for a total consideration of CYP 4,466,936 or EUR7,632,213. During 2004 and

Eight Kazakh Bank ratings revised lower

Standard & Poor’s Ratings Services said that it had revised its outlook to negative from stable on eight Kazakh banks: Kazkommertsbank (JSC) (KKB), Bank TuranAlem, Halyk Savings Bank of Kazakhstan, Alliance Bank

Ericsson wins energy-efficiency innovation award in China

Ericsson’s commitment to energy-efficiency improvements has received recognition in the form of an award from the China Center for Information Industry Development (CCID). Ericsson accepted the China Information Industry Energy-Efficiency Innovation Award

Comcor-TV launches music download in Russia

Comcor-TV (TM AKADO), the Russian cable operator, launched a music download service for its customers using the hosted Music2You (M2Y) solution from Nokia Siemens Networks, enabling secure downloads to Comcor TV’s subscribers.

NKS submits bid for CTC

NK Shacolas Holdings, the family owned group owned by Nicos Shacolas has submitted a takeover bid seeking full control of Cyprus Trading Corporation (CTC) at EUR 2.50 per share, or a 9%