Ocean Tankers Holdings, the only public company quoted in the ‘Shipping’ sector of the Cyprus Stock Exchange, is planning a USD 45 mln rights issue to part fund the acquisition of eight new oil tankers. Chairman and CEO Michael Ioannides said that an investor road-show is underway for the issue, with a subscription period of
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Cyprus ranks 55th among 131 countries according to the overall ranking in The Global Competitiveness Report 2007-2008, released by the World Economic Forum.The United States tops the overall ranking. Switzerland is in second position followed by Denmark, Sweden, Germany, Finland and Singapore, respectively. Chile is the highest ranked country in Latin America, followed by Mexico
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Cyprus will have to intensify efforts to improve its competitiveness globally and within Europe in particular, after it joins the eurozone in January next year, Finance Minister Michalis Sarris said.He was commenting on the Global Competitiveness Report 2007-2008, released by the World Economic Forum, according to which Cyprus ranks 55th among 131 countries. According to
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Vision International People Group Public Limited has applied to the CSE requesting to shift out of the CSE Main Market to the Alternative Market, in line and according to a resolution passed and approved at its most recent Annual General Meeting on October 2, 2007. The Company would like to emphasize that irrespective of the
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Reforms concerning Local Authorities and illegal immigration were the focus of a meeting here today between Cyprus Interior Minister Christos Patsalides and his Greek counterpart Prokopis Pavlopoulos. In statements after the meeting, Pavlopoulos said that “Cyprus has already undertaken to reform Local Authorities with regard to infrastructure and personnel and on that we are exchanging
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by Kyriakos Tsioupras London (CNA) – Cypriots living in Britain have sought assurances from the British government that its objective is to work for a reunited Cyprus, free of the Turkish military. The demand was put forward in a letter by the President of the National Federation of Cypriots in the United Kingdom Peter Droussiotis
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Hellenic Bank issued a positive profit warning for its 9M07 financial results, which would be announced on 19 November 2007.Specifically, the Bank stated that on the basis of preliminary indications the increase of the profitability of the Bank for 3Q07 is in line with the profitability of the interim results of the year, whilst the
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Libra Holidays Group Plc (LHG) announced that it has reached a deal with Allbury Ltd, which will inject GBP1 mln into Libra Holidays Ltd (UK) and will acquire 35% of its share capital. Furtherermore, until 15th February 2008, Allbury Ltd will have an option to acquire an additional 25% stake with investment of GBP2.5 mln.
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Cypriot Minister of Foreign Affairs Erato Kozakou Markoullis will be flying to Portugal on November 4 to participate in the 9th meeting of Ministers of Foreign Affairs of the EuroMediterranean Cooperation, to be held in Lisbon on November 5 and 6. According to an official press release, the EuroMediterranean Cooperation, which was established by the
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Motorola is providing reliable communication for family holiday getaways and active outdoor adventures with the Talkabout T8500R two-way radios that help keep families in constant communication at an affordable price. Motorola is also offering a free car charger accessory with every purchase of the two-way radios in the U.S. The compact T8500R two-way radios have
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