The status of Turkish Cypriot football clubs will be discussed during a meeting on September 20 in Zurich, between the International Federation of Football Associations (FIFA), the European Union of Football Associations (UEFA), the Cyprus Football Association (CFA) and the Turkish Cypriots.UEFA Vice President and honourary CFA President Marios Lefkaritis told CNA that the aim
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Cyprus President Tassos Papadopoulos and the leader of the Turkish Cypriot community Mehmet Ali Talat will meet on September 5, the UN announced here Tuesday.The meeting, the first to be held since President Papadopoulos and Talat met on 8 July 2006 when a UN-brokered agreement was reached between the two leaders, was decided after a
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Debt issuance by the top 50 European corporate entities continues to rise while overall credit quality remains strong, according to a report published by Standard & Poor’s Ratings Services. The report, titled “Credit Quality Set To Remain Strong For Europe’s Top 50 Corporate Entities, Despite Volatile Markets,” looks at the top 30 industrials, top 10
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Citigroup analysts have upgraded their rating on Greece’s Postal Savings Bank (PSB) to Buy (1H) from Hold (2S) as the expected total return is now over 20%. “We leave our estimates and EUR17 target price unchanged. We reduce our risk rating as the company has disclosed its alternative assets exposure, which looks manageable,†note Citi
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Ermes Department Stores Plc, a member of Shacolas Group and owner of Debenhams, Next, DIY Superhome, Peacocks, Zako, Artview, Fashionlink and others announced that the indicative unaudited consolidated results for the first half of 2007 ended June 30, 2007 are expected to show an improvement compared to the corresponding results of 2006. The biggest shareholder
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Retail sales in Cyprus accelerated in June, according to preliminary data, rising by 10.1% year on year, after revised growth of 6.2% in May. Sales rose strongly in most subcategories, with the exception of food, beverages and tobacco in specialised stores (such as bakeries), where sales declined by 3.2%, after a fall of 7.2% in
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Logicom Plc (LOG), Cyprus’ leading IT and software company with an international presence reported a 17.3% jump in turnover during the first half while net profit were up 6.9% Year-on-Year compared to a year ago. LOG reported total turnover of EUR 155.74 mln (CYP 91.07 mln) in first half of 2007, up 17.3% compared to
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Construction materials prices rose by 5.7% compared with the same month of the previous year in July, with the price index of construction materials reaching 139.64, compared with 139.61 in June. For the period January-July 2007, the index recorded an increase of 4.84% over the corresponding period of the previous year. According to the breakdown
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Nokia Siemens Networks has signed a contract with Yunnan CTC, a branch of China Telecom in the country’s south-west province, for the supply and implementation of carrier ethernet switches. Yunnan Telecommunications Co., Ltd. has over 5 mln fixed line telephone users and 1 mln data Internet users. The SURPASS hiD 6650 carrier grade ethernet switches
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NetGear, a worldwide provider of branded networking products, has announced record revenues of USD 4 million in the first half of 2007, which sustains its multi-million dollar revenues and consolidates its position as a major player in the regional IT market. The company further announced that it is set to highlight cutting-edge products including the
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