Motorola Inc. announced an agreement with Mahanagar Telephone Nigam Limited (MTNL), for the supply of a Universal Mobile Telecommunications Service (UMTS) cellular network for Delhi and the National Capital Region (NCR). Under the agreement MTNL will expand its GSM network by 2 mln lines. MTNL has ordered UMTS equipment for validation and plans to place
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Panasonic will participate in the Intersec Exhibition, the largest security exhibition in the Middle East, to present its new line of integrated security management system in the region. Panasonic along with NetAvis and Singapore Technologies Electronics will be showcasing their latest products in end-to-end security solutions in managing inside security zones, outside security zones, high
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Marfin Popular Bank (CPB) has called on the regulatory authorities in Greece and Cyprus to intervene and order Michalis Salas, Chairman of Piraeus to retract his alleged statement according to which, “I shall take Marfin in a month,” and alleged statements made by Piraeus officials as to “Piraeus will swallow Marfin after first we burst
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The Bank of Cyprus Group preliminary financial results for the year ended 31 December 2006 and the possible payment of a final dividend will be examined by the Board of Directors at its meeting to be held on Wednesday, 7 February 2007, instead of 27 February 2007 as previously announced. The three-year strategic plan 2007-2009
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The CSE announced that Acropolis Securities AEPEY, a member of ATHEX has joined the Cyprus Stock Exchange as a remote member, effective January 22, 2007. The number of remote members of the CSE from Greece is now 12. They are: 1.     Acropolis, 2.     Alpha Finance 3.     Beta 4.     Egnatia Finance 5.     Ethniki 6.     Investment Bank
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The Cabinet declared a three-day mourning period in memory of the late Minister of Education and Culture Pefkios Georgiades, who died on Wednesday of a heart attack.An extraordinary Cabinet meeting, convened today by President Tassos Papadopoulos, also decided to fly the national flag at half mast during the mourning at all schools and government departments
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Cyprus, along with Croatia and Denmark, is taking over the 2007 presidency of the Forum for Security Cooperation of the Organisation for Security and Cooperation in Europe (OSCE).According to an official press release, during Wednesday’s first meeting of the Forum for 2007, which was held in Vienna, Minister Plenipotentiary Spyros Attas, whos is presiding over
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President Tassos Papadopoulos said that casinos by themselves are not a bad thing, as they can be regulated by a government but “things that go around the casinos are worrying.”“My personal view is that I am against casino but the majority of my Cabinet is in favour,” he said as he answered questions by foreign
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KBW, the respected international firm has criticized the tactics followed by Piraeus Bank in its bid seeking control of Marfin Popular Bank. KBW says the credibility of Piraeus is on the line in the event that the bid is unsuccessful due to the very low valuation offer made by Piraeus for Marfin. KBW states that
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The shares of the three banks involved in the tit-for-tat merger, counter-merger and takeover attempts, Piraeus, Bank of Cyprus and Marfin Popular Bank rallied higher on Thursday as investors warmed up to all three stocks. Bank of Cyprus shares hit a new record high of EUR 12.06 on the ATHEX on Thursday, while on the
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