Cyprus marks tragic anniversary by Rebekah Gregoriades Nicosia (CNA) – On 20 July 1974, at dawn, the Turkish military hits Cyprus with all three corps, namely the army, navy and air force, five days after the coup against Cyprus President, Archbishop Makarios III, engineered by the military junta then ruling Greece. Turkish aircraft begin bombing
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Marfin Investment Group (MIG) has acquired a 30% stake in Vivartia SA, a leading dairy producer in Greece and Cyprus at the price of EUR 25 per share in a deal valued at EUR 550 mln and at a 38% premium compared to the previous price of Vivartia SA. According to an official announcement made
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Cyprus President Tassos Papadopoulos appointed four new Ministers Friday, following the resignation of members of his Cabinet after the three-party coalition collapsed when communist AKEL party General Secretary and House President Demetris Christofias announced he will run in the February 2008 presidential elections. President Papadopoulos appointed career diplomat Erato Kozakou Markoulli as Minister of Foreign
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Ericsson has announced an agreement with Telenor in Sweden to build an IMS (IP Multimedia Subsystem)-based network in Sweden, including IMS-based IP Centrex. This will be the first commercial converged IMS network in Sweden for the enterprise market. The Ericsson IMS multimedia telephony system will provide new, value-added services to Telenor Sweden‘s network, with the
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Ericsson and the Cyprus Telecommunications Authority (CYTA), the leading telecom operator in Cyprus, have signed a contract for a Fiber-To-The-Home (FTTH) network based on Ericsson’s GPON (Gigabit Passive Optical Network) solution. Government-owned CYTA has started to provide advanced broadband services, such as High Definition TV (up to two channels per home), games, on-demand services, Voice
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The European Commission has proposed a ground-breaking revision of EU insurance law designed to improve consumer protection, modernise supervision, deepen market integration and increase the international competitiveness of European insurers. Under the new system, known as ‘Solvency II’, insurers would be required to take account of all types of risk to which they are exposed
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The Board of Directors of A.L. ProChoice Group Public Ltd will hold an Extraordinary General Meeting on August 07, 2007 at the Company’s office in Larnaca, to propose a special resolution authorising the Board to proceed with the issue of up to 15.000.000 new shares without being offered to the shareholders first and the shareholders
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Pursuant to the CSE and SEC Regulations and in order to fully inform the shareholders and the investing public in general, Apollo Investment Fund Plc announces that the results for the period January 1, 2007 – June 30, 2007 are expected to show improvement compared to the corresponding results of 2006 (CYP3,750,211 / EUR6,424,861). This
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Louis plc announces that its subsidiary company, Louis Hotels Public Company Ltd, sold 62,5% of the shares in the company Gerani S.A., owner of Louis Creta Paradise hotel, in Chania, Crete. Louis is also owner of the 100% of Louis Creta Princess Hotel (420 rooms) in the same area. The net amount from the sale
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The European Commission has adopted a Green paper on bio-preparedness. The aim of the paper is to stimulate a debate and launch a process of consultation at European level on how to reduce biological risks, and to enhance preparedness and response capabilities. Vice-President Franco Frattini, Commissioner responsible for Justice, Freedom and Security said: “The recent unsuccessful
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