US Undersecretary for Political Affairs Nicholas Burns has referred to the necessity for a UN initiative for a Cyprus settlement after the presidential elections of February 2008. Addressing the Foreign Affairs Subcommittee of the US House concerning US relations with Greece, Burns noted that ”we strongly support UN efforts that try to solve the Cyprus
More
The Veterinary Services continued the culling of animals at two more local farms, which tested positive for foot and mouth disease (FMD), as part of efforts to eliminate the virus and its destructive consequences for the island’s farming sector and the economy. Minister of Agriculture, Natural Resources and the Environment Fotis Fotiou stressed that the
More
A.L. Prochoice (PROP) shares traded ex-rights (1 Right per 1 existing share). The trading and exercise periods of the rights are 6 Dec.2007 – 4 Jan. 2008 and 9-16 January 2007, respectively. Every 3 rights exercised will correspond to 1 new PROP share with an exercise price of EUR0.1538/share. In addition, every 3 new shares
More
Vassiliko Cement Works Pcl posted another strong set of results with net profit in 9M07 reaching EUR 11.8 mln up 9.3% YoY on the back of satisfactory growth in total sales from cement and clinker, (price and volumes increases), and further cost savings. The Company’s Board approved an interim dividend payment of CYP 0.015 (EUR
More
The ongoing Turkish occupation of part of Cyprus and the continuous efforts by Turkey and the Turkish Cypriot leadership to upgrade the secessionist entity, illegally declared in 1983, remain the most serious obstacles to efforts towards a solution and the reunification of the country, Cypriot Ministry of Foreign Affairs (MFA) said here Wednesday. The Cypriot
More
EU Consumer Commissioner Meglena Kuneva announced the results of an investigation of 15 EU national authorities as well as Norway against misleading advertising and unfair practices on airline ticket selling websites. The clampdown covers Europe‘s leading airlines, low cost carriers as well as other websites selling airline tickets. The results of the inquiry show that
More
United Internet AG, freenet AG and Drillisch AG have started concrete discussions on a potential strategic partnership. Within a potential overall transaction, Drillisch AG shall acquire the wireless telephone service provider business from freenet AG. freenet AG has granted Drillisch AG exclusivity for the contract negotiations. The sale of the wireless telephone service provider business
More
bwin Interactive Entertainment AG reported increased gross gaming revenues of EUR 248 mln in the first nine months of 2007, a rise of 20% (excluding Turkey) compared to the same period the previous year (excluding US and Turkish operations). Reporting a sports betting margin of 8.4% gross gaming revenues from sports betting (excl. Turkey) rose
More
The European Commission has made a significant step to help Cyprus reap the full benefits of EU membership by launching the Cypriot programme to promote employment. The programme, which is being co-financed by the EU and Cypriot Government through the European Social Fund (ESF), is a genuine commitment to investing in people and skills. Receiving
More
The Cyprus Stock Exchange is insisting that its trading tie-up with the Athens Stock Exchange has been beneficial and wants to discuss ways to promote it to other countries, despite the massive loss of business to the more competitive and liquid Athens Stock Exchange. CSE Chairman George Koufaris told a press conference in Nicosia that
More