Spidernet: 24.7m Rights exercised

Spidernet Pcl (SNET) announced that 24,653,622 Rights were exercised by 152 shareholders or 89.33% of the total 27,598,798 Rights. Since the issue was fully underwritten by Laiki Investment EPEY Public Company Limited

Avacom Net EGM blocks massive share issue

The Extraordinary General Meeting of Avacom Net Public Company Ltd held on October 18, 2007 blocked a Board proposal for a massive share issue, but approved the resolutions allowing the company to

Cyprus trade deficit reaches 2.8 bln euro

The trade balance deficit in Cyprus reached in January-July this year 2.8 billion euro, according to Eurostat. According to Eurostat, the total value of exports amounted to 600 million euro, a decrease

IMF bullish on Cyprus economy

The International Monetary Fund (IMF) has presented a positive outlook on the Cyprus economy, according to the October 2007 World Economic Outlook. The IMF anticipates that real GDP growth in 2007 will