Options Cassoulides Plc announced that its subsidiary, A.G. Franchise Development Ltd reached a final agreement with Smartroot Ltd for the sale of 51% of the share capital of the Greek company Polychromo SA against the sum of EUR2 mln of which EUR 1.5 mln has been paid and the remaining EUR 500.000 will be paid
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The Statistical Service announced that the number of building permits authorised by the municipal authorities and the district administration offices during April 2007 stood at 749. The total value of these permits reached CYP 139.5 mln and the total area 324.5 thousand square metres. These building permits provide for the construction of 1,731 dwelling units.
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Total imports/arrivals (covering total imports from third countries and arrivals from other member states) in January-April 2007 amounted to CYP 1,105.3 mln, compared with CYP 1.021.9 mln in January-April 2006. Total exports/dispatches (covering total exports to third countries and dispatches to other member states) in January-April 2007 were CYP 215.6 mln, compared with CYP 236.1
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The trial for a money laundering operation which moved millions of dollars from the former Yugoslavia to Cyprus will begin in September, the B52 radio station reported in Belgrade last week. Attorney Predrag Milovancevic told B52 Danas that the trial will begin on September 5 in the Belgrade District Court. The Special Prosecutor’s Office for
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— Turnover up at CYP 249 mln, profit in ’06 at CYP 34.2 mln  CyTA, the state-owned telecom, is to launch new products and services by the end of the year, such as video-conferencing and voice over IP, following the successful launch of Safe Internet, Vodafone Mobile Connect, Cytanet’s WiFi, i-choice and miVision services
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COMMENT: By Fiona Mullen  So we finally made it. On Tuesday July 10th the Cyprus pound was “irrevocably fixed†to the euro at its central parity rate of CYP 0.585274 per euro. And contrary to the doomsayers, there was no devaluation, no last-minute objections by a big foreign power and no sky falling on
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By Michael S. Olympios, Chief Consultant, Allied Business Consultants  After more than three centuries, the theory of corporate governance first addressed by Adam Smith in his renowned “Wealth of Nations†is well developed and widely disseminated across the globe. Pioneering work by academics and professionals has established a rich literature on good governance. But
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Last Friday’s sensationalist raid on the Competition Protection Commission chairman’s office was nothing short of a well-directed scene out of a Spaghetti Western where blood-thirsty bandidos were ready to lynch the town’s sheriff. The loud-mouth leader of the West-of-Texas civil servants’ posse, having gulped several swigs of tequila, dismounted his high horse of ethical standards
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Moody’s Investors Service says, in a series of reports, that ten years since the Asian financial crisis, the region’s economies and markets — after experiencing the huge downturns and shake-outs in confidence triggered by the Thai baht’s devaluation in July 1997 – have recovered their growth and stability. Some of the hallmarks of this new
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Motorola, Inc. and Microsoft announced an extension of their relationship, enabling joint partners to develop Microsoft Dynamics-based applications for select Motorola mobile computers. The relationship, announced in conjunction with Microsoft’s launch of the new Dynamics AX Mobile Sales solution and Dynamics Mobile Development Tools, paves the way for Motorola PartnerSelect members globally to port their
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