The European Commission has adopted a financing decision for a total of 38.1 million euros to encourage the economic development of the Turkish Cypriot community in the Turkish-occupied northern part of Cyprus. According to the Commission, the financial assistance will focus on three objectives: developing physical infrastructure, promoting economic and social development and bringing the
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The CSE Council announced the formation of a new market, the “Special Characteristics Market” for companies that have a free float of less than 10%, the velocity is less than 1% and market capitalisation is below CYP 600.000 or EUR 1 mln. The following companies will trade under the new category effective as of 30
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The new features of the Common Trading Platform are among others the full and proper use of Custodians for settlement of trades and for custody of client assets. The Brokers will shift trades for such settlement and asset keeping with the client’s specified Custodian Firm(s). Efficient Account Opening process, with the responsibility being shifted to
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Qatar’s Nasser Al-Attiyah won Saturday the 2006 Troodos Rally, the penultimate round of the 2006 FIA Middle East Rally Championship (MERC), securing his second consecutive MERC title.Attiyah with a Subaru Impreza secured an easy victory, since he scored the fastest times in eleven of the twelve special stages of the two-day event. This is his
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The EU Finnish Presidency initiative to avert a crisis in EU-Turkey relations cannot bare fruit if it does not envisage the return of the fenced-off town of Famagusta to its legal inhabitants, Cypriot Government Spokesman Christodoulos Pashiardis has said.Addressing a gathering of the Greek Orthodox Communities Association in Britain to mark the anniversary of October
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The CSE announced that with the launch of the Common Trading Platform with the ASE from October 30, 2006, it has accepted 9 remote members of the Athens Stock Exchange as its members allowed to trade CSE listed stocks and 13 custodians have been approved to offer their services. The full list of the 9
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PrimeTel announced that its broadband service packages are now available through the Hadjikyriakos & Sons Ltd retail network, Tradex and Ilektragora Galatariotis. PrimeTel’s packages are PrimeHome (Telephony + Internet + Television), PrimeADSL2+ (Telephony + Internet), and PrimeTVplus (Telephony + Television). All PrimeTel services are offered through the existing telephone line and simple easy-to-use subscription equipment.
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Last week’s CBOT report revealed that speculative accounts continued to build yen short positions. In the reporting week to 24 October, yen shorts rose from 115k to 138k contracts. USD/JPY came under downside pressure as US Q3 GDP provided increased by only 1.6% vs. 2.6% in Q2, the smallest increase since Q1 2003, when GDP
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Μια νÎα σελίδα ανοίγει σήμεÏα για το ΧÏηματιστήÏιο Αξιών ΚÏÏ€Ïου (ΧΑΚ) καθώς αÏχίζει η λειτουÏγία της Κοινής ΠλατφόÏμας ΧÏηματιστηÏίου ΚÏÏ€Ïου και ΧÏηματιστηÏίου Αθηνών που αποτελεί σημαντικό βήμα Ï€Ïος τον εκσυγχÏονισμό και τη διεθνοποίηση του ΧΑΚ. ΣημαντικÎÏ‚ καινοτομίες που επιφÎÏει η ÎναÏξη της λειτουÏγίας της Κοινής ΠλατφόÏμας είναι η διαπÏαγμάτευση των εισηγμÎνων αξιών του ΧΑΚ σε
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Laiki Bank Pcl announced that the Greek Capital Markets Commission has approved the public tender document submitted by Laiki Bank seeking up to 100% control of Marfin Financial Group SA and Egnatia Bank SA. The approval comes a day ahead of the Bank’s EGM called to ratify the offer. The EGM, to be held on
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