Standard & Poor’s Ratings Services said that it has withdrawn its ‘BBB-‘ long-term issuer credit rating on the City of Amaroussion in Greece. Amaroussion does not have any issues rated by Standard & Poor’s.

Over 840,000 passengers travelled through Cyprus’ two Airports in September 2007, an 11.36% increase on September 2006., reported airports operator Hermes Airports Ltd. At Larnaka International Airport, passenger traffic increased by 14.24% on September 2006, with nearly 630,000 passengers. At Pafos International Airport, passenger traffic increased by 3.64%, with over 210,000 passengers. Passenger traffic for

Spidernet Pcl (SNET) announced that 24,653,622 Rights were exercised by 152 shareholders or 89.33% of the total 27,598,798 Rights. Since the issue was fully underwritten by Laiki Investment EPEY Public Company Limited for up to 10,000,000 Rights, the remaining 2,945,176 Rights or 1,472,588 shares have been exercised by the Company above.The Board of Directors decided

The Board of Directors of Universal Bank Pcl (USB) having examined possible ways for the strengthening of the Bank’s capital base decided to proceed with the issue of warrants, the terms of which will be determined at a later stage after deliberations with the external consultants of the above issue. The final terms that will

Hellenic Bank Public Company Ltd announced that the Board of Directors will meet on Monday, November 19, 2007 to examine the results for the first nine months of 2007. The results will be announced to the CSE and the SEC following their approval by the Board of Directors.

The Extraordinary General Meeting of Avacom Net Public Company Ltd held on October 18, 2007 blocked a Board proposal for a massive share issue, but approved the resolutions allowing the company to express its capital in euros and to proceed with a share buyback.The Board of Directors failed to garner 75% support needed to proceed

— Limassol to follow, 3rd in Paphos   The Greek entertainment company, Public, has opened its first store in Cyprus and plans to open two more in the near future, challenging the local bookstores and opening up a new market for home entertainment. Many years ago, the limited choice for bookstores were the Moufflon and

Sheikh Ahmed bin Saeed Al-Maktoum, Emirates’ Chairman and Chief Executive, celebrated the airline’s historic launch of services to Brazil last week by hosting a gala dinner for over 600 guests in Sao Paulo. Emirates’ arrival in Sao Paulo represents the airline’s 94th destination, 60th country and its first gateway into South America. During the celebration,

— Opens up in Romania Diageo Plc, the world’s leading premium drinks company and owner of brand names such as Johnnie Walker, J&B, Smirnoff, Baileys and Gordon’s presented the ‘Partner of the Year’ award for 2007 to Photos Photiades Distributors Ltd., during the company’s annual awards ceremony for its European partners held in in Sofia,