Ocean Tankers releases its time charters of tankers

Ocean Tankers Holdings Public Company Ltd said that the Company’s management achieved the following time charters: 1. Tanker M/T “Eleoussa Trikoukiotissa” renewed the existing time charter with Herning Shipping SA for the

Is economic growth sustainable in Cyprus?

By Fiona Mullen   In an article published in January, I asked whether the Cyprus economy was decoupling from tourism. I cited the unusual combination of falling tourism numbers but rising real

CTC 2007 profit forecast at EUR 17 mln

The Executive Chairman of Cyprus Trading Corp (CTC) Nicos Shacolas stated that CTC’s turnover for the first five months of 2007 (excluding Ermes) increased by 14.9% YoY to CYP 53.6 mln (EUR

Elma approves dividend of 1.29 euro cents

The Annual General Meeting of  Elma Holdings Public Company Ltd (ELMA) approved the final audited results for the year ended December 31, 2006, the Directors’ Report and the Auditors’ Report. The profit

Counterfeit Colgate toothpaste found in US

The Colgate-Palmolive Company warned in an announcement issued in New York Thursday that counterfeit toothpaste falsely packaged as “Colgate” has been found in several dollar-type discount stores in the states of New

Germany ‘AAA/A-1+’ ratings affirmed

Standard & Poor’s Ratings Services said today it affirmed its ‘AAA’ long-term and ‘A-1+’ short-term sovereign credit ratings on the Federal Republic of Germany. The outlook is stable. A detailed full analysis

Aspis to acquire Lemeco

The Board of Directors of Aspis Holdings Pcl (MFS) announced its decision to proceed with a Public Offer to acquire a minimum 51% up to a maximum of 100% of the share