Ermes Department Stores Plc announced that its subsidiary in Greece, Fashionlink SA, has signed a long-term lease agreement, for the opening of two new stores in Talos shopping centre, which is currently under construction in Iraklion.
Ermes, a retail conglomerate which operates numerous department stores under various names, said the Italian firm, Oviesse, will open its first shop in Greece.

Oviesse offers high-quality products that are in line with the latest fashion trends at attractive prices. Started 35 years ago, it is a pioneer fashion company in Italy, with 10.5 million customers per annum. With 216 shops in Italy and abroad, it is the largest retail trade network of the country. At the same shopping centre, Ermes will open a Peacocks store of 500 square meters, the second in Greece. Peacocks is a low-cost British fashion firm with products suitable for the entire family. The two new shopping centre stores will open in March, 2008.

Ermes Department Stores Public Limited engages in retailing, importing, and wholesaling consumer products in Cyprus. It offers cosmetics and perfumes, food items, underwear, swimsuits, hosiery, ear rings, nightgowns, sewing and decoration items, and business and evening clothing.

Ermes Department Stores, a subsidiary of Cyprus Trading Corporation Public, Ltd.,

was founded in 2002 and is based in Latsia, Cyprus. The company was formerly known as Woolworth Department Stores.

This past August, Ermes Department Stores Public Limited announced consolidated earning results for the six months ended June 30, 2007.

For the six month period, the company reported net profit attributable to shareholders of 3,535,000 Euros.

Eurobank Properties EGM approves purchase of 10 properties: EFG Eurobank's real estate unit, Eurobank Properties, said its EGM approved the purchase of ten properties for roughly 57.4 million euros.

The properties are designated as office and retail space and are located in Iraklion, as well Athens and Larissa.

Moreover, Eurobank Properties said its EGM approved the private placement of up to 150,000 unallocated shares from its upcoming rights issue to EFG Eurobanks real estate division employees, and to employees of various EFG Eurobank subsidiaries in Greece, Romania, Bulgaria and Serbia.

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