By Patrick Skinner  For 150+ years, the Hess family, of Switzerland, has been a family business (it still is), with many interests, not the least of which was bottling and selling mineral water. Antecedents of the present generation traveled the world in search of fine water to bottle and market…. but they didn’t come
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On Monday, in my home village of Vouni, there occurred what in England we used to call a “Topping Out†ceremony (this marks the completion of the contractor’s work and the beginning of the installation of equipment etc.) The building is a good looking one, sited at the top of the village near a recently
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The United Arab Emirates and Saudi Arabia have been ranked first and second among the Gulf Cooperation Council countries massively affected by internet security threats, as a result of the rapid growth in commerce and business and the stiff competition in the mobile communications industry. Kuwait is the third country in the Middle East with
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By Dr. James Leontiades Cyprus International Institute of Management  As the price of oil shoots toward the sky, so does the amount of money in the treasuries of the Middle East oil producers. It is desirable, both from the view of the oil consuming countries as well as the oil producing countries that these
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A new public relations network, “27&Moreâ€, was recently established in Frankfurt with a view to provide clients with an international capability through independently owned consultancies. “Our strategic goal was to initially cover all major European countries since Europe is our network’s origin and from that base to quickly expand globally,†said Ruud Bijl, President of
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In the wake of the crisis on the financial market, several real estate deals in Germany have been, or might be, called off, as the Financial Times Deutschland reported. The sale of 200 buildings belonging to the Allianz Group for Euro 2 bln is on the razor’s edge. In Switzerland, the country’s so far biggest
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The Board of Directors of Bank of Cyprus decided to declare and pay an interim dividend of CYP0,11 (or EUR0,188) per share for a yield of 1.4% based on current prices of EUR 13.45 per share. The ex-dividend date is Tuesday, 27 November 2007, i.e. buy transactions that take place before market close of the
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The Cyprus Stock Exchange announced the suspension of trading of the titles of Champignon (Cyprus) Public Company Ltd from November 9, 2007 and until its delisting, after the EGM approval for its voluntary liquidation.
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Economic growth across the EU will slow in 2008 because of a weaker US economy and problems in global financial markets, the European Commission says. Brussels is now forecasting 2.4% growth in the 27-member union in both 2008 and 2009, compared to 2.7% this year. In the 13-member eurozone, growth is expected to slow to
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Nicosia, (CNA) – Lebanese Minister of Foreign Affairs Fawzi Salloukh, who met on Thursday in Beirut with his Cypriot counterpart Erato Kozakou Markoullis, said that ”Cyprus will be our voice in the EU,” adding that the two countries enjoyed very strong bonds due to their geographical position and their political, economic and humanitarian ties. Speaking
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