Ericsson and Telstra have successfully completed the world’s first live network trial for next-generation 40Gbps optical transmission technology in Australia. The technology trial demonstrated that Telstra’s existing 10Gbps Dense Wave Division Multiplexing (DWDM) transmission technology, which carries voice, data and video, can be increased to 40Gbps without major changes to the network. DWDM is a
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Louis Pcl, the cruise and hotel management group with extensive operations in Cyprus, Greece and across the Mediteranean released its first quarter 2007 results posting a strong 39% YoY increase in revenue to EUR 28.9 mln (CYP 16.7m) from EUR 20.79 mln a year ago in the same period. The increase in revenue originated from
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The Cabinet will take the final decision about the supply of natural gas to the country, Minister of Commerce, Industry and Tourism Antonis Michaelides has said, noting that a ministerial committee adopted on Thursday a proposal for the construction of a land terminal for this purpose. The committee, which met on Thursday with all parties
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The House plenary has postponed for two weeks a debate on a bill relating to the ratification of an agreement, guaranteeing a multi-million loan the national carrier has secured from a local bank.The loan, worth 78 million euro, was given to Cyprus Airways by the Hellenic Bank and the bill before the House concerns government
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Marfin Popular Bank strongman Andreas Vgenopoulos has decided to pull back a petition that he wanted to submit at the forthcoming AGM of Bank of Cyprus, intending to force the Board and Management of the Bank of Cyprus to discuss an offer by Marfin to enter into a strategic cooperation agreement. The news came following
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Aspis Holdings Pcl (MFS) reported a massive improvement in profitability in the first quarter of 2007 on the back of sharply higher premium income and revaluation gains booked on its investments. Aspis Holdings, formerly MFS Holdings, listed in the Parallel Market of the CSE reported net premiums of EUR 7.8 mln (CYP 4.5m), more than
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The Board of Directors of Bank of Cyprus convened Friday in a scheduled meeting and apart from the items which were on its scheduled agenda, it also reviewed the public statements by Marfin Popular Bank about the withdrawal of the resolution that Marfin requested to be submitted to the Annual General Meeting of the shareholders
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The summer tourist season is upon us, the date for the locking of the Cyprus pound with the euro is around the corner and we still have not seen any decent campaign that will help inform the public about this strange thing called the euro. With the exception of three banks – Alpha with the
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By Katerina Vati Mitsopoulou PR Consultant Allied Business Consultants  Behind every good public relations campaign is a Big Idea, the creative concept that make the message attention-grabbing and memorable. Creative thinking that produces big ideas is very important in public relations because PR messages have to break through the clutter of a busy media
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Société Générale Cyprus has launched a series of seminars aimed at preparing its clients and the general public for the imminent changeover to the Euro currency. Société Générale Cyprus belongs to the banking giant, Société Générale Group and aims to share the Group’s experience which has undergone this changeover across several of its affiliates in
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