Less than 5% of the population in Cyprus, Bulgaria, Romania, Greece, Poland and Spain have the European Health Insurance Card (EHIC), which covers all health care which is needed during a temporary stay in one of the 31 participating countries other than the country of residence, be it for travel, for work or for studies.
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The Cyprus Securities & Exchange Commission has fined Commercial Value SA, the insurance company in which Aspis Holdings has a significant stake with EUR 100.000 for selling its 25% stake in Universal Bank (USB) or 1.11 mln shares during the closed period and without asking for permission to do so. The CySEC also fined E&G
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UBS, the Swiss banking giant has removed the shares of Bank of Cyprus from its recommended list of top investments. “The removal of Bank of Cyprus reflects our strategy move to reduce the financials overweight,” said UBS analysts in the latest edition of UBS Investor’s guide. Apart from investors’ concerns on the financial sector, hawkish
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Research firm Gartner said it cut its forecast for cellphone market growth in 2008 to 10-11% as a global economic slowdown started to crimp demand in the second quarter. At end-May Gartner forecast 10-15% more phones would be sold this year. "In the last month however, the economic environment started to negatively impact emerging markets
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Boeing Co struck first in its biennial battle with archrival Airbus by securing an order for 50 single-aisle 737 airliners as the world's biggest air show opened on Monday in Farnborough near London. The deal from upstart FlyDubai is worth $4 bln including an additional four aircraft to be sourced from lessor Babcock & Brown.
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Stock futures pointed to a higher opening on Wall Street after the Treasury Department and the Federal Reserve unveiled sweeping steps to support embattled mortgage finance companies Fannie Mae and Freddie Mac. * By 0943 GMT, S&P 500 futures are up 0.7%, Dow Jones industrial average futures up 0.5% and futures for the Nasdaq 100
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Oil fell by $2 to around $143 a barrel on Monday as the dollar rebounded following a United States plan to restore confidence in its financial sector. The U.S. government at the weekend unveiled an emergency plan to shore up embattled mortgage giants Fannie Mae and Freddie Mac — which control $5 trillion in debt
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ATHENS, July 14 (Reuters) – Nine British women were facing prostitution charges after being arrested at the weekend for taking part in an oral sex competition in the Greek holiday island of Zakynthos, police said on Monday. Six British and six Greek men, including two bar owners, were also charged in the incident, which took
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It is hereby announced that the board of directors of Libra Holidays Group Plc at the meeting held on 11th July 2008 Mr. Yiannos Pantazis was appointed as a new Managing Director, taking the place of Mr. Andreas Drakou who was appointed Executive Vice Chairman, and Mr. Lambros Georgiou was appointed Finance Director.
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Microsoft Corp cut on Sunday the price of its best-selling Xbox 360 Pro model game console with a 20 gigabyte hard drive to $299 from $349. The company also introduced a new Xbox 360 model with a 60 gigabyte hard drive, which will go on sale in stores in the U.S. and Canada for $349
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