Alliance International Reinsurance Public Company Limited announces that, A.M. Best, the international insurance rating agency, has affirmed Alliance Re’s financial strength rating (FSR) of B++ (Good) and upgraded the Company’s issuer credit rating (ICR) to “bbb+†from “bbbâ€.The outlook for the FSR has been revised to positive from stable, and the outlook for the ICR
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A.L Prochoice Group Public Ltd has signed an agreement for the purchase of a property of 580,000 sq. meters in Romania at the area of Axenteli at the price of EUR2 per sq. meter, a total investment of EUR1,160,000. This move falls within the framework of the Group’s strategy for the strengthening of its investment
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The Cyprus Stock Exchange announced that the issued share capital of Interfund Investments Plc, which amounted to CYP17,176,037.40 divided into 171,760,374 shares of nominal value CYP0.10, after the reverse split (increase in nominal value of the share from CYP0.10 to CYP0.30) on December 14, 2007 stands at CYP17,176,037.40 divided into 57,253,458 shares of nominal value
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The European Union Standing Veterinary Committee decided to lift the restriction measures on exports of bovine meat from Cyprus.The restrictions were imposed after foot and mouth disease was detected in Cyprus.The Cyprus government had asked that exports of bovine meat resume. The meat exported will come from areas outside the 10- kilometre surveillance zone and
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The Cyprus University of Technology has signed a bilateral agreement with Offenbach University of Germany.A press release issued by the Cyprus University of Technology said that the agreement between the two universities includes the planning and implementation of joint research activities, the exchange of information, publications and other scientific data, as well as the exchange
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Limassol Municipality has honoured Stella Soulioti, the Republic’s first female minister and former Attorney-General, who also served as president of the Cyprus Red Cross for 43 years.In her address at a special gathering in Limassol on Wednesday evening, Foreign Minister Erato Kozakou-Marcoullis described Soulioti “as an extraordinary personality with a multifaceted and versatile contribution†to
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Cyprus secured EUR29 mln euro for the period 2009-2015 within the framework of the negotiations at the Agriculture and Fisheries Council to review the Common Organization of the market in wine while zivania was registered as PDO (protected designation of origin) of Cyprus, while ouzo was registered as PDO of Greece and Cyprus.Minister for Agriculture,
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A study of a shipwreck, off Cyprus’ southern coast, is expected to provide valuable information about the nautical and economic history of the Eastern Mediterranean as it is one of very few shipwrecks of the Classical period, found in the Eastern Mediterranean in such a good state of preservation, according to the Department of Antiquities.
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Vassiliko Cement Works Public Company Ltd (VCW) announced that the Extraordinary General Meeting that took place on December 19, 2007 with the participation – in person or via representative – of 41 shareholders who represented 45,553,614 shares, that is, 84.77% of the total share capital approved unanimously an increase in the authorised share capital and
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Polska Telefonia Cyfrowa Sp. z o.o. (PTC), operator of the Era network in Poland, will offer Nokia Intellisync Wireless Email to its business and individual customers. The Intellisync Mobile Suite software platform offers PTC the opportunity to address the widest market opportunity possible by resetting the cost and ease of use of mobile email and
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