Nokia Siemens Networks has signed a GSM network expansion contract with China Mobile Group Yunnan Co., Ltd. (YNMCC) worth about EUR 70 mln. The deal concerns both urban and rural areas of 11 cities of the Yunnan province with 12 mln subscribers and strengthens the cooperation between Nokia Siemens Networks and YNMCC. Nokia Siemens Networks
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Apollo Investment Fund Pcl (APOL) issued a negative profit warning for its first half 2007 financial results on the back of amid lower gains from the sale and revaluation of investments. A year ago in the same period,  the Company reported a net profit of CYP 3.75 mln (EUR 6.42m). The Company’s adjusted NAV as
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The Annual General Meeting of Minerva Insurance Company Public Ltd held on July 4, 2007 approved the proposed dividend of 0.5 cents (EUR0.0086) per share or 5% on the nominal value for 2006. The cum-dividend date will be Monday, July 16, 2007, while the ex-dividend will be July 17, 2007. The dividend will be paid
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The number of residents travelling abroad from Cyprus rose by 9.6% in the first five months of 2007 to reach 359,478 according to Financial Mirror calculations using monthly Statistical Service data. Greece, only an hour or so away and with frequent flights, remains the most popular destination, with trips up by 7.0% to 139,941 in
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Cypriot tennis player, Marcos Bagdhatis, swept aside sixth seed Nikolay Davydenko 7-6 (7-5), 7-6 (7-5), 6-3, on Court 13 during the 4th round of the Wimbledon 2007 Championships, securing his place in the quarter-finals for the second year running. In a match that would not have been out of place in a football stadium given
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President of the European People’s Party Wilfried Martens expressed on Thursday support for the candidacy of Ioannis Kasoulides in the 2008 presidential elections, during a meeting they had in Nicosia.Kasoulides said they exchanged views ”on Cyprus, the Cyprus problem and everything going on in the EU today.””I warmly thanked him for the role of the
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Special Representative of the Secretary-General for Cyprus Michael Moller called on here today President Papadopoulos and T/C Mechmet Ali Talat to proceed with the implementation of the July 8 Agreement. “With almost a year having passed since the 8 July agreement, it is time to fulfill the expectations raised when the leaders of the two
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Cyprus faces a major problem selling its wines to the European Union, Director at the EU Directorate for Agriculture and Rural Development Antonis Constantinou has said, as he presented at a press conference here Commission proposals on wide-ranging reforms to improve competitiveness and boost wine sales.Yiannakis Georgiades, President of the Cyprus Wine Products Council, who
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Demetra Investment Pcl (DEM) y issued a positive profit warning for its 1H07 financial results amid an improvement in the investment portfolio performance and higher revenues from dividends received. A year ago in 1H06 the Company reported a net profit of CYP 17.5 mln. Â
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The Board of Directors of Hellenic Bank will convene on 29 August 2007 to examine its first half 2007 results. The Board has already issued a positive warning with regards to its results. A year ago in the first half, HB posted a net profit figure of CYP 15.3 mln, whilst in 1Q07 HB recorded
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