Cyprus aspires to cover its entire road network with an intelligent transportation system within the next three years, Transport Minister Yiannis Karousos said following the signing of a new contract with Logicom Solutions for the installation of four electronic signs, 21 cameras and 14 traffic counters on the motorways and the main roads of Nicosia.
Read full articleThe Secretary-General has appointed diplomat Colin Stewart as his new Special Representative and Head of UNFICYP, with the Canadian national also getting an asterisk for taking on a temporary deputy role after the two sides on divided Cyprus failed to agree on the proper title of an unfilled position.
Read full articleStelios Americanos & Co LLC advised the Israeli group Global Knafaim in a $5 million transaction pursuant to which the later acquired a 49,9% in the share capital of TUS AIRWAYS LTD, a Cypriot airline headquartered in Larnaca. Existing shareholder, Kenneth Woolley also invested an additional $4 million increasing the amount of the total transaction to $9 million.
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