Citigroup and Deutsche Bank have upped their profit forecasts for Bank of Cyprus Group after the Bank beat market expectations, delivering a 58% increase in first half profit to EUR 230 mln, well above the EUR 217 mln median forecast of analysts polled by the Financial Mirror. DB says in a fresh update on the
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The proportion of Cypriot residents connected to a wastewater collecting system is one of the lowest in the EU, according to the Statistical Service’s Survey on the Treatment of Wastewater in Wastewater Treatment Plants, which was conducted for the first time by the Statistical Service with the cooperation of the Water Development Department. However, the
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Retail sales volumes in Cyprus rose by 14.2% compared with the same month of the previous year in March 2007, according to provisional figures for March from the Statistical Service Cystat. At the same time, revised figures for February recorded an increase of 6.0% compared with February 2006. Turnover volume fell compared with the previous
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There is a decrease in the Turkish Cypriots’ level of satisfaction with life to 70% in this edition of the Eurobarometer compared to the previous study (75%), even though Turkish Cypriots tended to have portrayed a higher level of satisfaction with their lives than the EU average, presently higher (80%). There is also a decrease
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The budget furniture store IKEA has started the door-to-door delivery of some 305,000 catalogues prior to the first store opening in Cyprus on September 6 within the busiest commercial square mile on the outskirts of Nicosia. Vassilis Fourlis, president of the operator of the furniture franchise that already has two IKEA stores in Greece, said
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George Solomonides has won the Admiral Stanley R. Arthur Award for Logistics Excellence for his contribution to the successful evacuation of nearly 15,000 American citizens from Lebanon last summer. This is the first time that the highly coveted award is given to a non-American citizen and the first who is not a member of the
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Foreign Minister Erato Kozakou Markoulli said she was satisfied with the EU General Affairs Council in Brussels, noting that the meeting “went very well.†Speaking at Larnaca Airport upon her return, Markoulli noted that she had separate meetings with the ministers of Finland, Sweden, Estonia and Portugal.“We discussed the Cyprus problem, Greco-Turkish relations, the Middle
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By Zoe Lazarou  Modern Dubai is considered to be one of the most desirable cities for starting a business and investing in the world. Today’s Dubai is the product of 20 years of intensive development. Prior to that, Dubai was only a small trading centre, whereas now it is the home of some of
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Laser Investments Pcl (LAS) subsidiary, Big Scorer Enterprises, the master franchisor for Coffee Beanery in Cyprus and eight other countries, wants to broaden its cooperation with the U.S. coffee chain and secure the rights for all of Europe. Laser Investments’ General Manager, Costas Gkotsis, told the Financial Mirror that Big Scorer Enterprises, which is a
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Motorola, Inc. announced two additional radio configurations for the MotoMesh product series of municipal wireless networks – the 2.4/5.4GHz and 2.4/4.9GHz versions of MotoMesh Duo, to expand its two radio meshed WiFi product, currently available in 2.4/5.8GHz configuration. The additional radio options provide municipalities and network providers with more choices and greater flexibility to best
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