The Extraordinary Pancyprian Congress of left-wing AKEL party, decided to propose to the other two government coalition parties the candidacy of its own General Secretary Demetris Christofias for the presidential elections due February 2008. Christofias’ candidacy received 1,447 votes from the 1,566 delegates present (92,7%) while 103 voted against (6,6%) and 11 abstained (0,7%).The delegates
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President of the Hellenic Republic, Karolos Papoulias, will visit Cyprus end of July, at the invitation of President of the Republic of Cyprus Tassos Papadopoulos. According to a press release issued by the Greek Embassy in Nicosia, President Papoulias will attend the events, organized by the Cypriot government, to mark the 30th anniversary of the
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Epson has announced the Middle East launch of the Perfection V200 Photo, a compact photo and film scanner designed to meet the needs of the photo enthusiast. Itfeatures a 4800dpi optical resolution with Epson Matrix Charged-Coupled Device (CCD) technology for premium image quality. A new Auto Photo Orientation feature in the scanner will straighten photos,
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Since 2006, EURCHF has moved from 1.542 to a high of 1.6673. As a low-yielding currency, the Swiss franc is a favorite funding currency for carry trades. In UBS Research view, the current CHF weakness is mainly the result of very low investor risk aversion, facilitating carry trades. The Swiss National Bank (SNB) has recently
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During June, the unexpected rise in bond yields affected European Financials more than other interest rate-sensitive sectors. Despite a partial recovery in longdated bond yields, Financials continue to lag behind the market. UBS analysts view this is an overreaction to the ongoing deterioration in the US sub-prime mortgage market and believe these risks are contained
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As a result of the reinvestment of dividends paid on 26 June 2007, 3.770.158 new ordinary shares of a nominal value of CYP0,50 each were issued by Bank of Cyprus Public Company Ltd. The shares were issued to the shareholders who participated in the Bank’s Dividend Reinvestment Plan at a discount of 10% to the
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Ericsson today announced Monday it has renewed its worldwide patent cross license agreement with Samsung. Under the terms of the worldwide royalty bearing agreement, Ericsson has granted Samsung a non-exclusive license under Ericsson’s patent portfolio for the 2G and 3G mobile telephony standards, to develop, manufacture and sell 2G and 3G subscriber and infrastructure equipment.
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Consumers will benefit from a new clearer labelling regime on sunscreen bottles being phased in this summer. The new labels – including a new UV-A logo or seal on bottles and a ban on misleading terms such as “sunblocker” or “total protection” – are a response to a Commission recommendation on sunscreen products adopted in
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Cyprus President Tassos Papadopoulos has sent two letters to Turkish Cypriot leader Mehmet Ali Talat, one on the issue of missing persons and another on a UN-brokered agreement, in July last year, Government Spokesman Vasilis Palmas said here today. He also said that the meetings of the representatives of the leaders of the two communities,
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Cypriot President Tassos Papadopoulos will be meeting on Tuesday with the political parties participating in the government, namely AKEL, the Democratic Party (DIKO) and the Social Democrats Movement EDEK, during which they are expected to dissolve their cooperation, after AKEL decided to run for the February 2008 elections with its General Secretary Demetris Christofias. Government
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