European Health Commissioner Marcos Kyprianou has announced that on Monday the Commission’s relevant committee will allow the export of pork from Cyprus, the slaughtering of animals from within the 10 kilometre surveillance zone and the marketing of milk outside the 3 km protection zone.Briefing the House of Representatives Committee on Agriculture regarding issues of his

The growth rate of the Cypriot economy, due to external factors, is expected to be maintained in 2008 within the levels of the past few years, that is around 4%, while employment will continue to increase and unemployment decrease to 3.9%, according to Cypriot Minister of Finance Michalis Sarris, who noted that the creation of

In less than a year the new Paphos International Airport becomes a reality! Works for the completion of the new Paphos terminal continue at a rapid pace. It is expected that the new Airport, will significantly assist the development of the country. In less than a year, the new Airport will open its doors to

The Central Bank of Cyprus, under the provisions of the Banking Law (Law 66(I) of 1997 as subsequently amended), granted on 29 November 2007 a banking business licence to “Piraeus Bank (Cyprus) Ltd”, a 100% subsidiary of “Piraeus Bank SA” of Greece, which is expected to commence full banking operations from February 2008. The Bank intends to

Muskita Aluminium Industries Plc released its 9M07 results, with net profit rising by 18.1% to EUR 8.0 mln from EUR 6.8 mln a year ago in the same period. EPS reached EUR 0.0975. MAI’s revenues increased by 12.0% YoY to EUR 48.72 mln from EUR 43.4 mln in 9M06 and compared to EUR 59.3 mln

Woolworth Cyprus Properties (FWW) released its 9M07 results posting a spectacular 151% YoY increase in net profit to EUR 11.87 mln from EUR 4.72 mln in 9M06 with results boosted by higher revaluation and profits from sale of investments. EPS jumped to 10.3 euro cents from 5 euro cents a year ago. The improvement in

So Easy Kiosks Ltd , a subsidiary company of Phil. Andreou Public Ltd (PHIL) has acquired the 100% share capital of G.P.C. Unimarket Convenience Store Ltd, the owners of 4 convenience stores for CYP 545.739 or EUR 932.450 in cash. In a stock market filing, Phil Andreou said the acquisition is in line with the

Citigroup has raised its earnings per share target on National Bank of Greece (NBG) by 3% and 2008-09 forecasts by 1%, while at the same time it reiterates its EUR 55 per share target price and Buy (1M) rating. The National Bank of Greece, the country’s largest lender by assets, said that its nine-month net

The Central Bank of Cyprus has granted a banking business licence to Intercontinental Bank of Lebanon, SAL to carry out banking business in Cyprus through a branch. Intercontinental Bank of Lebanon was established in 1961 under the name Development Bank SAL and the bank’s name was changed to the current in 1982. It provides a

Ericsson has been selected by leading Indian operator Idea Cellular as the sole supplier of its GSM network in Mumbai, India. The parties have also entered a managed services partnership. Under the four-year agreement, Ericsson will supply radio access, microwave transmission, and core network equipment, including Ericsson’s Mobile Softswitch Solution. Ericsson will also be responsible