Business leaders call for projects to be speeded up in Cyprus The Nicosia Chamber of Commerce and Industry (EVEL) will soon have its own multi-purpose centre within the Strovolos Industrial Estate, which will house the Chamber’s various services, research and design facilities, conference and training halls under one roof. The new Centre, the foundations of
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Paphos will soon have its own oncology centre for the diagnosis and treatment of cancer, which will part of the Neapolis project that includes a hospital, a university that will start operations next year, an Innovation, Research and Development Centre, as well as a wide range of cultural and recreational facilities. The new oncology centre
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Mazda distributor Anastasios Stephanides & Son had also taken over the Subaru dealership in Cyprus from NC Kattamis, in an agreement signed last May with Fuji Heavy Industries. The first arrivals of Forester, Impreza, legacy, Outback and Justy models are expected in October when the new showrooms will be inaugurated. In Nicosia, the former Mazda
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Orphanides Public Company Ltd has opened yet another modern supermarket in Larnaca. This is the Group’s 22nd supermarket and it is located in the Vergina area in Larnaca. The new store aims to satisfy the needs of the area’s residents who are now able to shop efficiently and effectively in a relaxed and pleasant environment.
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MTN Cyprus, Apoel football club’s main sponsor, announced that it will be the exclusive sponsor of Apoel during the Group Stages of the Champions League games, in addition to the appearances throughout the season. The MTN Group has created a long tradition in supporting sports and especially football championships in the countries it operates. Through
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Exelixis Investments Public Ltd (EXIN) announced that on September 3, Ioannis Kapetanakis who was the holder of 670,000 ordinary shares of the company (8,62% of the company’s share capital) proceeded with an over-the-counter disposal of its shareholding to Stavros Papageorgiou (120,000 shares) and Georgios Papageorgiou (220,000), who are associated persons with Sanyo Hellas Holding SA,
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Expedia Partner Services Group (PSG), the central point of contact for travel suppliers to access the global Expedia marketplace of leading travel brands, is holding a Supplier Summit in Limassol this week. Supplier Summits are a way to show Expedia’s loyalty to its travel industry partners. The most important hotelier players and Expedia representatives will
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1.6 bln Internet users play online games A 2009 Entertainment Software Association report pegs the average age of the casual online gamer at 35 years, up from 33 in 2008 and representing a demographic with high spending power. Hyzonia.com, a leader in adver-gaming in the Middle East, notes that the global downturn has helped define
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Minister of Finance Charilaos Stavrakis has called businesspeeople to begin investing again, in order to boost the real economy. “The very big and unexpected reduction on the private consumption has created a negative growth rate of the economy during the second quarter of 2009”, he said on Tuesday. Invited to comment on the -1.1%fall of
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HSBC Holdings, Europe's biggest bank, said it expects to fulfil its plan to lend 15 billion pounds ($25 billion) to UK homeowners this year, up by a fifth from 2008. HSBC has said it will increase lending to UK homeowners this year to increase its mortgage share as rivals retreat due to pressure on their
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