The budget furniture store IKEA will open its first outlet in Cyprus on September 5 within the busiest commercial square mile on the outskirts of Nicosia, where other store openings are expected the same month in what is probably going to be the biggest shopping mall on the island. Vassilis Fourlis, president of the operator
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Mergers and acquisitions during the first half of 2007 surged to a record CYP 960 mln (EUR 1.6 bln) on the back of a sharp increase in the number of deals with all signs pointing to another bumper year following last year’s EUR 2.9 bln deals. There were 22 deals in the first quarter and
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Dolphin Capital Atlantis Ltd., the Cypriot-controlled property venture capital firm based in London, announced that following the expiry of the offer to purchase all the shares in Aristo Developers on July 16, it has accumulated a 99.1% stake in the target company. This was regarded the largest property deal among all mergers and acquisition in
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PandaLabs has uncovered Pinch, a tool sold on several online forums and designed to create trojans. The tool lets cyber-crooks define a series of malicious actions that the trojans can take. “Pinch’s main danger is that it is very easy to use, so any malicious user with basic computer knowledge could create a trojan in
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The new Assisted GPS (A-GPS) service helps Nokia Maps users find their current locations faster and get to their desired locations quicker using their Nokia mobile device with built-in GPS. Nokia intends to equip all of its future devices that have built-in GPS with this service. The first devices to use this service are the
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The history of information technology is a journey, defined by innovations such as the Internet and grid computing. On July 11, Oracle introduced the latest release of the world’s most popular database with the launch of Oracle Database 11g which is designed to help customers innovate and grow their business more quickly by managing their
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The European Commission has concluded the assessment of Cyprus‘ national plan for allocating carbon dioxide (CO2) emission allowances for the 2008-2012 trading period of the EU Emissions Trading Scheme (EU ETS). The Commission accepted the plan on condition that certain changes are made, including a reduction in the total number of emission allowances proposed. The
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The Attorney general of Cyprus said that part of the Kallis report concerning the civil responsibilities and the minutes of the procedure are at the disposal of the relatives of the victims of the Helios Airways plane crash, so that they can file lawsuits in Greek courts within the two-year statute of limitations.The lawyers of
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The Food and Agriculture Organization (FAO) and the World Health Organization (WHO) are urging all countries to strengthen their food safety systems and to be far more vigilant with food producers and traders. Recent food safety incidents, like the discovery of the industrial chemical melamine in animal and fish feed, or the unauthorized use of certain veterinary
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Moody’s Investors Service has improved the outlook to ‘positive’ from ‘stable’ on the Republic of Croatia’s Baa3 foreign currency government bond rating in light of the strides made in aligning its institutions with the European Union and its eventual membership possibly by the end of the decade. The outlook has also changed to ‘positive’ from
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