… refers Poland and Belgium to the European Court of Justice   The European Commission has decided to open new infringement proceedings against Cyprus concerning difficulties in obtaining rights of way for mobile operators while Poland has also been sent a reasoned opinion for retaining broadband retail regulation without conducting the market analysis required
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The Board of Directors of Bank of Cyprus will convene on Wednesday, 27 February 2008, to examine the audited financial results of the Bank of Cyprus Group for the year ended 31 December 2007 and the possible payment of a final dividend. On the same day (27 February 2008), the Board of Directors will examine
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VIENNA (Reuters) – OPEC on Friday kept oil supplies unchanged and began a debate about whether or not it should curb supplies in March to defend prices against a drop in demand should recession bite in the United States. The Organization of the Petroleum Exporting Countries rejected an appeal from Washington for more oil to
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Microsoft Corp (MSFT) said it has offered to buy Yahoo Inc (YHOO), the popular Web portal, for $44.6 billion in cash and stock, seeking to join forces against Google Inc (GOOG) in what would be the biggest Internet deal since the Time Warner-AOL merger. Microsoft offered to buy Yahoo for $31 per share, a 62
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WASHINGTON (Reuters) – U.S. employers unexpectedly cut 17,000 non-farm jobs in January, the first time in nearly 4-1/2 years that U.S. payrolls shrank as fading construction and manufacturing sectors reflected the economy’s waning momentum. The Labor Department report on Friday came in much weaker than anticipated by analysts surveyed by Reuters, who had forecast 80,000
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Secure Computing Corp., the leading enterprise gateway security provider, has announced the release of its SafeWord 2008, a new version of the company’s award-winning two-factor authentication solution that protects access to critical information assets and applications through Citrix applications, Virtual Private Networks (VPNs), Web applications and Outlook Web Access. The bundled authentication solution is designed
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HELSINKI (Reuters) – Cyprus will not rethink its opposition to Kosovo’s “unilateral declaration” of independence under any circumstances, Foreign Minister Erato Kozakou-Marcoullis said on Thursday. The Cypriot minister said she respected the position of other European Union members, but that for Cyprus the issue was one of principle. “On the issue of recognition I can
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— Net benefit seen at EUR 123 bln, useful for e-commerce  The Single Euro Payments Area (SEPA) went live this week and European banks formally launched the first SEPA payment instrument for credit transfers. This marks the first step in a migration process over the next few years during which customers will move in
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Three years after BP Marine first moved into the Cyprus marine fuels market, the company announced that it will cease its bunkering operations. Introduced in February 2005 in anticipation of increased shipping activity following the country’s entry to the EU the previous year, the necessary business did not materialise and the bunkering market has in
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The acquisition of the Arab Bank network in Cyprus by the Piraeus Bank has concluded after the contracts for the acquisition were signed on Friday, following the agreement announced in December 2007. Arab Bank has four branches, its own premises covering 4.600 sq.m. in central Nicosia, a staff of 105, a loans portfolio of €126
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