Latvian banks enjoy stable rating outlook

The stable outlook and ratings for Latvian banks reflect their improving credit quality, their efforts to grow market share and their good profitability, Moody’s Investors Service says in its new Banking System

Motorola begins 3G Femtocell trial in EMEA

Motorola, Inc. has completed end-to-end testing of its 3G femtocell solution and has begun trialing its solution with a major European operator. “Motorola is pioneering the development of femtocell solutions that play

Sea Diamond owner receives compensation

Louis Public Co. Ltd. (LUI) announced that the owner company of the sunken vessel ‘Sea Diamond’ received the insurance compensation amounting to USD 55 mln.The owner company of the ‘Sea Diamond’ initially

Cyprus Development Bank sold to EFP

Cyprus Finance Minister Michalis Sarris is due to sign the changeover in the share ownership of the state-owned Cyprus Development Bank at a special ceremony Thursday at 13.00 at the Finance Ministry.