Eurocypria sold off to Cypriot government

The agreement for the sell off of Cyprus Airways’ subsidiary company Eurocypria to the government was signed here Monday for CYP 13,425.000 or EUR 23.25 mln. The agreement was signed on behalf

Motorola to take over Good Technology

Motorola, Inc. and Good Technology, Inc. announced that the companies have signed a definitive agreement under which Motorola will acquire privately held Good Technology, a leader in enterprise mobile computing software and

Cyprus revised convergence plan on Dec 1

Minister of Finance Michalis Sarris has said that all financial data indicate that Cyprus will fulfill the Maastricht criteria for accession in the Eurozone on January 1st 2008. According to Sarris, the

Alliance 9M profit surge

Alliance International Reinsurance Pcl (ALL) reported a sharp jump in 9M 2006 profit to EUR 1.44 mln from EUR 47k a year ago in the same period.  Gross premiums written for the

Alliance declares interim dividend

The Board of Directors of Alliance International Reinsurance Pcl (ALL) decided the distribution of an interim dividend for the year 2006 at 7% on the nominal value of each share which is