Cyprus building permits bounce in September

After 11 months of decline, building permits showed some signs of life in September, although the reasons for the increase may turn out to be shortlived. The number of building permits authorized

Cyprus building permits decreases by 10% in 2008

The number of building permits authorized by the municipal authorities and the district administration offices, during the period January – September 2008, marked a decrease of 10% compared to the corresponding period

Cyprus announces EUR 52 mln aid package

The Cyprus cabinet, meeting under the auspices of President Demetris Christofias announced an “aid package” amounting to EUR 52 mln support the construction and tourism industries, so that they are not affected

Alliance Re ratings improve

Alliance International Reinsurance Public Company Ltd (ALL.CY) announced that following the acquisition by Flagstone Re., the international insurance rating agency A.M. Best has upgraded the financial strength rating (FSR) of the Company