The CSE Council announced that it has accepted the listing of 13,000,200 shares of Woodland Designs Plc in the CSE Alternative Market. Trading will commence on Friday, August 10, 2007 and the CSE will undertake the observance of the above Register in the Central Depository. The Greek and English code of the shares above is
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Amathus Public Ltd., the travel and transport arm of the Lanitis Group, has launched a new bilingual website, www.amathus.com, that leans more towards the retail travel sector rather than the activities of the public company quoted on the Cyprus Stock Exchange. Leading features include links and special offers related to the Group’s hotels (Αmathus Beach
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The European Bank for Reconstruction and Development is continuing to support the growth of Romanian micro enterprises and start-up businesses via a new loan for Banca Transilvania (BT), the largest and fastest growing locally-owned Romanian bank. The finance includes the first commercially syndicated loan from the Romanian Micro Credit Facility Framework targeted specifically at Romanian
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The Cyprus Inland Revenue Department (IRD) announced that revenue for the period January –June 2007 increased by 50% YoY to CYP 457.6 mln mostly on the back of a recovering economy, a booming real estate market feeding money into government coffers as people buy and sell property as well as bumper profits by corporations paying
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Hellenic Bank issued a positive profit warning for its second quarter financial results scheduled to be announced on 29 August 2007, adding that based on preliminary indications, first half profits are expected to be significantly better than the EUR 26.2 mln profit reported in the first half of 2006. The Bank stated that its consolidated
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The Economist Intelligence Unit (EIU) have revised their forecast for the outcome of the Cyprus presidential election due in February 2008, following the decision by the communist Progressive Party of the Working People (Akel), the largest party in parliament, to put forward its own leader, Demetris Christofias, as a candidate. Previously, the Economist Intelligence Unit
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Cyprus has registered one of the lowest rates of euro area unemployment in June 2007 at 3.9%.According to figures published by Eurostat, the Statistical Office of the European Communities, euro area unemployment stood at 6.9%. In June 2007, the lowest rates were also registered in the Netherlands (3.3%), Denmark (3.5%) and Ireland (4.0%). Unemployment rates
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Water levels in the island’s reservoirs have dropped to 18% or 49.2 million cubic metres of the total capacity, compared with 36.1% or 98.8 m. cubic metres in the corresponding period last year. According to data released by the Water Development Department, present water capacity at Kouris reservoir, the biggest reservoir with a capacity of
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A 38-year old Spanish man, member of the crew on board the Spanish fishing vessel ”Jose Rafaella”, died today of heatstroke, Minister of Health Costas Kadis told CNA. The vessel, which was under quarantine, is no longer subject to restrictions. In the early hours today, Limassol Port and Marine Police received a message that a
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Minister of Finance Michalis Sarris has described the Euro-Observatory here as a very important tool for the government’s efforts to achieve a smooth transition to the single European currency, the euro, as scheduled on January 1st next year.Sarris, who visited the Euro-Observatory in the western coastal town of Paphos, said “Euro-Observatories monitor the entire effort
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