Norway interest rates seen higher

As widely expected, the Norges Bank decided to raise the official interest rate by 25bps to 4.50%. The reason behind the rate hike, according to Citigroup Research is a combination of strong

Alliance Re rating affirmed

Alliance International Reinsurance Public Company Ltd (ALL) announced that A.M. Best, the international insurance rating agency, has affirmed Alliance Re’s financial strength rating (FSR) of B++ (Very Good) and the Company’s issuer

Greek state places 10.7% of OTE

The Greek government successfully placed a 10.7 percent stake in Greece’s dominant phone operator, OTE Telecom at the top of the price range. The placement referred to the sale of 52.5 mln

Cyprus retail trade up 7.2% in Q1

The Turnover Volume Index of Retail Trade for March 2007 increased by 19.8 units or 18.2% to 128.7 units compared to 108.9 in February 2007. For the period January-March 2007 the Index