PricewaterhouseCoopers, Performa Consulting and the Ministry of Finance are organising a conference on Thursday, October 19, at the Hilton Park, Nicosia about creativity and innovation in organisations. The conference, entitled “Challenge of Change”, will examine the process of creativity in organisations, teams and individuals. The presentations will aim to demonstrate why creativity is indispensable for
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Parliamentary discussion has started on the state Budget for 2007 with coalition and opposition parties trying to grab as many votes as possible ahead of the presidential elections in 2008. The workers’ party of AKEL and the middle-class representative DISY want to hike the tax-free allowance of low-income families to CYP 12,000 (EUR 20500), which
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Credit Agricole SA has reached an agreement with Banca Intesa to take control of Cassa di Risparmio di Parma e Piacenza (Cariparma), which has a network of 311 branches, of Banca Popolare FriulAdria with its 150 branches and of 193 Banca Intesa Group branches, in order to create a retail network in Italy of 654
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The Cyprus Securities & Exchange Commission has asked Laiki Bank (CPB) to provide additional information regarding Board proposal to issue new shares to finance the acquisition of Marfin and Egnatia. The Cyprus SEC claims that in view of such a major event in the corporate history of the bank, the Board should provide detailed information
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Sri Lankan Minister of Foreign Affairs Mangala Samaraweera has recently announced his government’s decision to open a General Consulate in Cyprus. The announcement was made during the presentation of the credentials of Cyprus‘ High Commissioner to Sri Lanka, based in New Delhi, India, Andreas Zinonos to the President of the Democratic Socialist Republic of Sri
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Marfin Vice-Chairman and Laiki Board member Andreas Vgenopoulos went on the offensive attacking the way officials at the Cyprus SEC leaked contents of confidential correspondence on the merger to the press and at the same time revealing a scheme to blackmail him into paying CYP 4.50 for the Laiki shares to win votes. Speaking at
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Marfin Vice-Chairman and Laiki Board member Andreas Vgenopoulos revealed that Marfin Financial Group purchased large amount of Laiki (CPB) shares from the floor on Wednesday when there was undue pressure and acted as a stabilizing force, which helped the stock recover. Following false information cultivated in the market based on one part of SEC correspondence
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The European Commission has put forward a proposal to open EU postal markets fully to competition by 2009, in line with the agreed target date set out in the current Postal Directive. On the basis of extensive research, the Commission believes that this is the best way to maintain universal service while further improving quality
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The European Commission adopted a proposal to establish a European Institute of Technology (EIT). The proposed organisation of the EIT is in the form of a small central governance structure and a network of ‘Knowledge and Innovation Communities’, which will carry out the tasks of the EIT. Subject to approval by the European Parliament and
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Telecommunications and information technology company PrimeTel Ltd. will protect its IPTV platform in Cyprus with the software-based IPTV content security solution from Irdeto. After a very successful pilot program, PrimeTel has launched its new IPTV service for commercial purposes and thus completed its offering as a triple-play service provider. PrimeTel’s IPTV platform includes free-to-air channels, video
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