Cyprus House of Representatives President Demetris Christofias appeared reserved on Sunday regarding a possible turn in the US stance on the Cyprus problem, in the light of recent remarks by Undersecretary of State at the US State Department Nicholas Burns and US Ambassador in Nicosia Ronald Schlicher. Asked if he saw any shift in the
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Thirty Cypriot firemen and six mobile firefighting units were dispatched to Greece by Cyprus and are currently in Aliveri of Euboea, assisting their Greek colleagues in efforts to combat huge fires that have claimed lives and reduced to ash whole villages and forests over vast expanses.Minister of Justice and Public Order Sophocles Sophocleous told CNA
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EastNets, the leading payment and security solutions provider in the Middle East, expects to attract a broader range of visitor profiles during its exhibition at GITEX 2007, after strengthening its portfolio of innovative financial solutions with the inclusion of a full product line from new subsidiary SIDE International. EastNets will showcase its certified product PayGate,
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As problems in the housing and subprime markets have spread, investor risk appetite has shrunk. In the U.S. credit markets, investors are shunning deals with innovation and added risk. To counteract growing investor reluctance during the first half of August, central banks around the world pumped liquidity into the financial markets. “Investors Are Finally Remembering
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Cyprus Trading Corp. (CTC) issued a negative profit warning for its 1H07 results attributed to non-recurrent losses from the disposal of certain operations during the period, but its subsidiary Ermes Department Stores expects an improved performance attributed to higher sales and gross profit margin improvement.
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Universal Bank Pcl (USB) issued its 1H07 results, posting a net profit of EUR 2.6 mln compared to EUR 813.000 ayear ago in the same period. The improvement was attributed to higher net interest income (+55% YoY) and lower provision levels (-23% YoY). EPS was recorded at EUR 0.171 compared to EUR 0.053 in 1H06.
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Deputy Director of Cyprus’ Fire Department and chief of the Cypriot mission to Greece Pambos Charalambous told CNA on Monday that the fire in Aliveri of Euboea in Greece, where the Cypriot firemen were sent, was placed under control on Sunday afternoon.”The front we placed under control yesterday afternoon, around 1730 (local time), continues to
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Cyprus will symbolically take over the reconstruction and equipment of all residences destroyed by the blazes that have been raging across Greece for the past few days, in one of the affected communities, and the restoration of its resident’s incomes resources, Cyprus President Tassos Papadopoulos said adding that the community to which Cyprus will offer
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The producer price index of fresh vegetables decreased by 40.4% in June 2007, dropping to 96 units compared with 161 units in April 2007. The producer price index of tomatoes recorded an increase of 14.8% in the second quarter of 2007 compared with the second quarter of 2006. The producer price index of cucumbers recorded
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The number of entities at risk of downgrades globally has inched up in the last couple of months, though it remains lower than the 2006 average, according to an article published by Standard & Poor’s. The report, titled “Downgrade Potential Across Credit Grades And Sectors,” states that the count increased to 631 in mid-August, 10
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