Elma to back Aspis bid for Lemeco

With reference to the submission of a Public Offer from Aspis Holdings Pcl (MFS) for the acquisition of up to 100% of Lemeco Silvex Pcl (LEM), the Board of Directors pf Elma

Cyprus rating raised to AAA by S&P

Standard & Poor’s Ratings Services raised its transfer and convertibility (T&C) assessments on the Republics of Cyprus (A/Positive/A-1) and Malta (A/Stable/A-1) to ‘AAA’ from ‘AA’. This follows the decision by EU finance

Building permits down in number, up in value

The Statistical Service announced that the number of building permits authorised by the municipal authorities and the district administration offices during April 2007 stood at 749. The total value of these permits

Cyprus trade deficit widens in Jan-April

Total imports/arrivals (covering total imports from third countries and arrivals from other member states) in January-April 2007 amounted to CYP 1,105.3 mln, compared with CYP 1.021.9 mln in January-April 2006. Total exports/dispatches