Axios Systems, a leading provider of IT Service Management (ITSM) software, is continuing to grow across the globe, with new offices, expanded teams, a burgeoning partner-base and significant client wins. The business, founded by Greek Cypriot Tasos Symeonides, is continuing to grow as a result of heightened interest in the cost reduction and risk management
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. Within all the hype to bail out the tourism and construction sectors, the government has completely ignored the small-to-medium sized enterprises of Cyprus and the small, yet flourishing, exports sector. SMEs account for 90% of all businesses in Cyprus, be they services, retail shops and tradespeople, or even the workshops that employ anything from
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PricewaterhouseCoopers analysis The global financial landscape has reshaped significantly, states a recent paper by PricewaterhouseCoopers, “The Day after Tomorrow”, that analyses the emerging themes and new models as the fallout from the credit crisis continues and financial services providers grapple with a new environment. According to the PwC paper, a distinguishing feature of the new
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It has been a dismal year for house prices, according to the Global Property Guide’s latest survey of publicly-available house-price time-series for 2008. And seen from a global perspective, the downturn is still accelerating. The collapse of the world’s housing markets can be seen from three points of view, and unfortunately, all of them reinforce
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Real estate prices in Dubai have dropped by 25% compared to its peak in September 2008, according to recent market reports. In line with this, the ‘International Property Show – Dubai 2009’, the biggest transactional property exhibition in the region, is set to capitalise on the shift in property prices in Dubai by providing end-users
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The Turkish banking sector faces a difficult year in 2009, with economic weakness causing earnings pressure on the back of rising non-performing loans and narrowing margins, according to Capital Intelligence, the international credit rating agency. The global financial crisis (and subsequent economic pressure) is adversely impacting the Turkish economy and growth has fallen sharply in
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The recent decline in the value of the Russian rouble could exert pressure on the ability of Russian non-financial corporate issuers to service debt, Moody's Investors Service said in a new special comment Since August 2008, the rouble which once benefited from high oil prices and a booming Russian economy, has dropped by more than
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The important role of information technology in the operation of schools today is the subject of an educational conference, co-organized by the Cyprus International Institute of Management (CIIM) and the Independent Union of Nursery and Elementary School Teachers, AKIDA. The conference, “Contemporary educational administration and technology: how information and communication technologies contribute to the organization
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Oracle Cyprus hosted its Technology Day for Oracle solutions and middleware in a presentation to about 150 IT managers and senior executives of Cyprus companies and public services. “We will continue to brief our customers and associates about the latest developments in the information technology sector, presenting them with Oracle innovations and solutions,” said Oracle
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The online shopping site, eshopcy.com.cy, reported a turnover of EUR 2.5 mln in its first year of operations, with 25,000 orders since the launch of the service in March 2008 to December either from the website or by teleshopping or even from the shops in Limassol and Nicosia. The operators of e-shopcy plan to open
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