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nuclear programme added pressure to OPEC output, but traders sought to take profit on the price disparity as crude values may resume their up momentum when supplies will no longer meet demand.
The CTO appealed to Russian investors to take part in the creation of about 11 golf courses on the island, with 29 projects submitted to the state last November and 15 still in the running. The Russian Golf Association held its annual meeting at the Aphrodite Hills resort in an event sponsored by the Russian Commercial Bank, whose
chief executive Mikhail Kuzovlev said that golfers are rapidly choosing Spain and that 500 new courses are underway in Russia.
Rosamara Trading, a Cyprusbased investment firm, is suing Turkey’s Telsim for $738 mln in damages from unpaid promissory notes issued in 2003. Lawyer Michalis Michaelides said that complicating the matter was the involvement of Vodafone that won the $4.5 bln bid for Telsim’s assets from the auction held by Turkey’s state social insurance fund (SDIF).
Carlsberg CEO Nils Andersen was in Cyprus to meet local brewers Ph Photiades and discuss expansion to Greece, while the Danish beermaker plans to expand to Asia, and particularly China, where it has already built up a 63% market share in just two years.