International Trade Tourist and Leisure Park Ltd (ITTL), a subsidiary of the CSE listed Woolworth Properties Public Ltd (FWW) announced its intention to proceed with all necessary steps for the listing of the company’s titles on the Cyprus Stock Exchange. This was announced during the Annual General Meeting of FWW that took place on Tuesday,
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The Committee on Missing Persons in Cyprus (CMP) has expressed its gratitude to the Government of Greece for its donation of EUR 100,000. The CMP said in an announcement on Wednesday that, “this new donation will enable the CMP to pursue its project on the exhumation, identification and return of remains of missing persons in
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The second quarter 2008 losses of the Cyprus Stock Exchange (CSE) have narrowed to 3%, possibly a sign that the massive decline in equity prices from the start of the year has been overcome and that at current levels, the market is relatively cheap and offers attractive opportunities for investment. The CSE GENX ended June
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The takeover by Bank of Cyprus of 80% of Uniastrum Bank in Russia for EUR371 mln in cash is seen by a host of analysts polled by the Financial Mirror as a fantastic deal, which reflects the strength the bank’s management has in identifying a great opportunity and proceeding with the acquisition that will significantly
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The Cyprus government is being urged to switch from plans to import liquid natural gas (LNG) to compressed natural gas (CNG) in order to produce clean and efficient energy, according to Prof. Michael Economides. The Cypriot-born expert who lives in the US has advised and participated in energy projects in 70 countries, including seven years
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The Larnaca Water Partners desalination company, the documents storage facility Fileminders and the Department of Road Transport’s online system for road tax renewals were the winners of the 2008 Innovation Awards presented last week. The competition is a joint initiative between the Employers and Industrialists Federation (OEV), the Ministry of Commerce, Industry and Tourism, the
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The Employers and Industrialists Federation (OEV) has sent a list of proposals to Labour Minister Sotiroulla Charalambous within the framework of social dialogue and efforts to find ways to help ensure the viability of the Social Insurance Fund, a source which all pensioners depend on. The set of proposals suggest the gradual abolition of the
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Credit conditions in the global integrated oil industry will be stable over the next 12 to 18 months, according to Moody's Investors Service. "We do not expect significant credit rating changes in the integrated oil sector," said Moody's Senior Vice President Tom Coleman. "With debt balances at a cyclical low and cash positions at high
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The French market presents a strong potential to become a thriving market for Islamic finance but has yet to capitalise on this opportunity, Moody's Investors Service said in a Special Comment. According to the rating agency, the obstacles relate less to the legal changes that would be necessary and more to social and political aspects.
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Aegon and world-renowned Dutch soccer club Ajax formally launched their new partnership with the unveiling of a giant copy of Ajax's red and white game shirt featuring, for the first time, the Aegon brand. From now on, members of the Ajax team will be wearing the new jerseys in all matches, including when they play
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