Aspis Holdings Public Co. Ltd has issued a massive positive revision to its forecasted profits for 2007. The company announced that first half profits for period ended June 2007 are expected to exceed EUR 10 mln. The improvement is due to a significant increase in business activity at all subsidiaries of the Aspis Group, including
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Cyprus Government Spokesman Vassilis Palmas said on Tuesday that the locking of the Cyprus pound with the euro reflected sound public finances and the robustness of the local economy. He said the locking of the exchange rate was the capstone of the sound fiscal policy followed consistently by the government over the past years and
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President Tassos Papadopoulos will seek re-election in next February’s presidential elections in Cyprus. This was revealed by Yiannakis Omerou, leader of the Social Democrats EDEK party, after a meeting at the Presidential Palace that marked the end of the three-party government coalition. President Papadopoulos elected President of the Cyprus Republic in February 2003 with the
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Sharelink Securities & Financial Services Research have upped its price target on the share price of Marfin Popular Bank to EUR 11 per share based on the information and guidance by MPB Management, and its view that the Group is able to achieve the promised profitability targets. For 2007, 2008 and 2009 Sharelink Research currently
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Western Digital Corporation and Komag, Inc. Announced they have entered into a definitive agreement for WD to acquire Komag for $32.25 in cash per share for a value of $1 bln. The acquisition of Komag, a leading media manufacturer, will further strengthen WD’s position as a highly-efficient hard drive maker by integrating media, one of
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27η Ï„Ïάπεζα στην ΕυÏώπη  Στις 500 μεγαλÏτεÏες εταιÏίες του κόσμου και ανάμεσα στους πιο ισχυÏοÏÏ‚ Ï„ÏαπεζικοÏÏ‚ ομίλους για το 2007, συγκαταλÎγεται η Εθνική ΤÏάπεζα, σÏμφωνα με την κατάταξη FT Global 500, που δημοσίευσε η οικονομική εφημεÏίδα Financial Times. Η κατάταξη FT Global 500 δημοσιοποιείται σε ετήσια βάση και πεÏιλαμβάνει τις 500 ισχυÏότεÏες εταιÏίες παγκοσμίως
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Air Berlin announced that on Saturday, July 7, it concluded a firm order for 25 B787 Dreamliner aircraft, with a value according to Boeing’s list prices of approximately $4 billion, together with 10 option and 15 purchase rights. The 25 aircraft, for which Air Berlin has placed a firm order, are scheduled for delivery between
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Thomson, a leader in DSL Customer Premises Equipment (CPE), and Nokia Siemens Networks, a leading global enabler of communications services, have announced their collaboration in developing a pioneering 3G femto cell home access solution. Femto cells are small cellular access points which provide enhanced coverage specifically in residential environments and enable operators to provide fixed-mobile
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Cypriot Minister of Finance Michalis Sarris departed on Monday for Brussels to participate in Tuesday’s ECOFIN, which will fix the irrevocable exchange rate of the Cyprus pound against the euro. The decision on the conversion rates must be taken by unanimity of the euro area member states plus the member states concerned – on a
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by Apostolis Zoupaniotis Washington, (CNA) —- The one year anniversary of the July 8th Agreement represents a lost opportunity which neither side has seized, said Friday a US State Department Spokesman. “The one year anniversary of the July 8th Agreement represents a lost opportunity which neither side has seized. We are deeply disappointed in the
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