The European Commission adopted today its first comprehensive initiative on sport. The White Paper aims at providing strategic orientation on the role of sport in the EU. It recognises the important social and economic roles of sport while respecting the requirements of EU law. The White Paper is the result of extensive consultations over the
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1) What is the White Paper on Sport? The White Paper on Sport is the first comprehensive initiative on sport undertaken by the Commission. It aims at: providing strategic orientation on the role of sport in the EU, • encouraging debate on specific problems, • enhancing the visibility of sport in EU policy-making, • raising
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What is the White Paper on Sport? The White Paper on Sport is the first comprehensive initiative on sport undertaken by the Commission. It aims at: providing strategic orientation on the role of sport in the EU, • encouraging debate on specific problems, • enhancing the visibility of sport in EU policy-making, • raising awareness
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Mindware, a leading IT distributor in the Middle East and one of the premier Microsoft Authorised distributors in the UAE, Oman, Yemen, Jordan and Lebanon, has announced a market expansion for its Microsoft portfolio into Kuwait, Qatar and Bahrain. The company will leverage its regional stronghold and extensive distribution network in order to ensure maximum
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Sony Ericsson announced continued strong year-on-year volume growth of 59% in the second quarter. It said income before tax grew 55% year-on-year to €327 million, Walkman phone sales reached 9 mln in the quarter to sustain leadership in music phones and its expanded portfolio continues to generate market share gains. Units shipped in the quarter
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The launch of iPhone is being exploited by cyber-crooks for financial gain. PandaLabs has uncovered a tool that controls a botnet made up of over 7,500 zombie computers infected by the Aifone.A bot trojan. If the user of an infected PC tries to buy an iPhone online, their confidential data might end up in the
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Although the EU’s Telecom Rules have led to significant benefits for citizens and enterprises alike, important challenges remain for national and European regulators, says a report published by the Commission today. The report presents the results of 600 draft regulatory decisions sent to the Commission by National Regulatory Authorities. The Commission’s review mechanism of national
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Moody’s Investors Service upgraded the long-term foreign and local currency government bond ratings and the long-term country ceilings for foreign currency bank deposits of Cyprus (to A1 from A2). A Moody’s press release said the outlook on the ratings has been changed to positive from review for possible upgrade. Moody’s rating actions followed the European
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Cyprus Trading Corporation Plc released its 1Q07 results with Net Profit after Minority Interest reaching CYP 867k (+45.6% YoY), 5.7%. The negative contribution of Minority Interest, however, decreased bottom line profitability by 2.8% YoY to CYP 619k. Revenues surged by 78.8% YoY to CYP 56.8m (2.2% above our estimates) and is primarily attributed to: (i)
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The Cyprus Stock Exchange index broke through the 5000 level for the first time in seven years, closing Thursday at 5024.35 points, up 2.92% on the day and about 30% higher since the start of the year. Brokers told the Financial Mirror that the break above the 5000 level recorded in Greece was instrumental in
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