Multichoice Hellas announced that it will sue LTV for suspending the transmission of its content to NOVA Cyrus subscribers, insisting that it gave every opportunity to LTV to comply with their binding agreements, but all efforts failed to break the impasse. “Multichoice Hellas is obliged to exercise all its contractual and legal rights as well
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…Marfin says he agreed on policy Kikis N. Lazarides tendered his immediate resignation from the Laiki Bank Board, effective July 17 citing a policy row with the major shareholders, namely Marfin and the Lanitis family but was immediately countered by Marfin CEO Andreas Vgenopoulos who insists that he took part in all decision making. Lazarides,
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The European Commission is taking further action under the Temporary International Mechanism (TIM) to alleviate the conditions in Gaza. In the coming days, deliveries of fuel will be made to water pumping stations and water treatment plants, to power emergency generators. These plants, essential to public health and hygiene, have been relying on generators for
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A Finnish company has been commissioned by the Cyprus government to design and build a heavy duty fast patrol boat for the inspection and control of fisheries. The contract worth EUR 2.3 mln was signed between the Ministry of Agriculture, Natural Resources and Environment and the Finnish company Tyovene Oy-Uki Workboat Ltd. The patrol boat
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— Paphos company breaks even with CYP 470,000 budget The world-famous Mariinsky theatre company from St. Petersburg will stage Giuseppe Verdi’s opera “Un Ballo in Maschera” during a three-day festival in Paphos in September that will transform the harbour castle into the biggest open-air stage, as it does every year. The eighth annual Paphos Aphrodite
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The House of Representatives approved the relevant Draft Law for the acquisition of the Cyprus Airways subsidiary airline, Eurocypria, by the Cyprus Government. The consideration for the acquisition amounts to CYP 13.425 mln. Meanwhile, Cyprus Airways announced that according to an evaluation made by AVMARK Inc.,(an American aircraft valuer), the total value of the Company’s
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Interfund Investments Pcl announced that it will buyback 1 mln shares from July 17 until August 31 at a price that will not exceed by 5% the average price prevailing five working days prior to the buyback scheme, in a move seen as a desperate effort to close the discount and thwart potential hostile bids.
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Cypriot authorities evacuated from Lebanon early Friday morning, via Damascus, a total of 115 persons, after Israel launched an air, land and sea blockade on Beirut. A jet chartered by the Cypriot government arrived in Larnaca at 0630 (0330 GMT) carrying 102 Cypriots, six English, four Czechs, two French and one American citizen from Beirut.
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