Cyprus government reports budget surplus in Q2

Public finances in Cyprus were in surplus again in the second quarter of 2008. according to preliminary data on the general government accounts compiled in accordance to EU concepts and definitions. Total

Spidernet to acquire Netway

Spidernet Services Public Limited (SNET) announced that it will proceed with the acquisition of 100% of D.S.P. Netway Limited for total consideration of EUR2.5 mln, part of which in cash, and the

SFS acquisition of White Knight approved

The Securities and Exchange Commission approved the Public Offer document made by SFS Group Plc (SFS.CY) to acquire up to 100% of the share capital of its subsidiary company White Knight Holdings

Ocean Tankers profits increase

Ocean Tankers Holdings Pcl (OCT.CY) announced its 1H08 results recording a net profit of EUR 4.45 mln, compared to EUR 0.84 mln in 1H07. The increase is associated with the acquired vessels