The 5th Euro-Mediterranean Ministerial Conference on Energy will take place in Cyprus (Limassol), on December 17.During this meeting, Andris Piebalgs, Commissioner for Energy, European Commission  will  present the Priority Action Plan on the Euro-Mediterranean Energy Cooperation  for  2008-2010  (at 10.00).  The  Energy  Ministers of the EU Member States and their counterparts from the Mediterranean partner countries will  meet and endorse a comprehensive Priority  Action Plan

London/Heathrow remains busiest passenger airport The total number of passengers1 transported by air in the EU27 rose by 4.7% in 2006 compared with 2005, to almost 740 million. In 2005, passenger numbers in the EU25 rose by 8.5%2. In 2006, the highest numbers of passengers were registered in the United Kingdom (211 million, +4%), Germany

The Cyprus Stock Exchange would like to inform the investing public that further to its previous announcement dated November 29, 2007, there will be no session or clearings of transactions on December 31, 2007, due to the fact that the banks will not carry out transactions with the public. It is reminded that there will

CPI Holdings Public Ltd, a subsidiary of A.L Prochoice Group Public Ltd, announced that it decided to sell the consideration agreement for the construction of a complex of flats in Larnaca. The sale will be against EUR3.76 million (CYP2.2 million). The investment has been evaluated in the Company’s books as at 31/12/2006 against EUR3.25 million

Cyprus Airways Public Limited announced the successful completion of the increase in its share capital with the issue of 279,819,540 new shares. The total capital absorbed by the Company is estimated at CYP14.69 million (EUR25.1 million). According to the final results, the Rights exercised by their holders with an exercise price of CYP0.05 (EUR0.08551) per

The Board of Directors of Pandora Investments (PND) decided unanimously to pay an interim dividend from the Company’s accumulated profits for 2003 – 2005 of CYP 2,546,611 (EUR4,351,143), that is, 0.6 cents (EUR0.01) per share of nominal value 10 cents each or 6% of the issued and paid share capital that stands at CYP42,443,520 (EUR72,519,060).

D.H. Cyprotels Pcl (DHH) has finalised the deal to sell the Plaka Hotel and the land located around the hotel for a total consideration of CYP 4,466,936 or EUR7,632,213. During 2004 and 2006 the land was sold for the amount of CYP4,05 mln (3,8 mln+250,000)/EUR6,919,836 and lately the hotel for the amount of CYP3 mln/EUR5,125,804.

Just two weeks before Christmas, sweeping new EU rules to crackdown on misleading advertising and aggressive selling practices – including a ban on fake “free” offers and a ban on “pester power” advertising (direct exhortation) to children on the Internet – will come into force across the EU (December 12 2007). These restrictions are part