The European Commission adopted the second annual report on the implementation of the Hague Programme on achievements in Justice, Freedom and Security policies. The findings support the need for the Intergovernmental conference to end the uncertainty over the European Union’s Treaty reform. The report (‘The Scoreboard’) covers 2006 and the overall assessment is mixed. Progress
More
The euro area started 2007 on a healthy footing, finds the Quarterly Report on the Euro Area published today. Economic growth in the first quarter reached 3% in annualised terms spurred by domestic demand, particularly investment. Consumption contracted slightly but is expected to recover quickly as consumer confidence approaches an all-time high. Export growth decelerated,
More
Nine Cyprus Airways (CAIR) flights to and from London were delayed since Sunday because of passenger fears that some other passengers could be terrorists linked to Saturday’s attempted bombing of Glasgow airport. The Cyprus national carrier apologized for the delays in an announcement issued Tuesday, saying that the grounding of flight CY332 from Larnaca to
More
ExxonMobil/ ESSO is assisting the creation of the “Young Volunteers” Park in Strovolos as one of the sponsors in the building of an amphitheatre in the new recreation area. Within this framework, in co-operation with the Ministry of Commerce, Industry and Tourism, the local authorities, and the Young Volunteers, ESSO has implemented this corporate social
More
Kleanthis Savva Developers has expanded into Norway, opening an office in Lillehammer, the town famous for hosting the Winter Olympics. This will allow the company to take advantage of this growing market where Cyprus’ weather and tax advantages are very attractive. “Norway and Scandinavia is very important to us. It is a relatively new market
More
For what is essentially the American Idol of stock picking, CNBC’s “Million Dollar Portfolio Challenge” had a trader with a stream of near-perfect picks, consistently placing huge bets on shares that soared in after-hours trading. In the past few months, Jim Kraber, who became more than a little obsessed with the challenge, stated, “I went
More
Aegon has signed an agreement to merge its Polish pension fund management company PTE Ergo Hestia SA with BRE Bank’s PTE Skarbiec-Emerytura SA. Under the agreement, BRE Bank has granted Aegon an option to acquire BRE Bank’s shareholding in the combined pension fund, once the merger process is complete. The purchase price shall be approximately
More
Motorola, Inc. has announced the immediate availability of the Moto Z8 kick-slider handset in Spain, with other parts of Europe and Asia to follow. The Z8, a complete entertainment center, offering mobile TV, video and music from one unique device, is available through Telefonica via Movistar. “We are excited to deliver our media monster to
More
Joint anti-piracy entrapment operations have resulted in the arrest of three illegal traders and confiscation of various counterfeit items during separate raids launched earlier this month in Sharjah. The raids were initiated by Microsoft, as a Business Software Alliance (BSA) member. A combined team of anti-piracy operatives and UAE authorities seized nearly 100 assorted pirated
More
Brother Gulf, a global leader in the development and manufacturing of printing, communication and digital imaging products for homes, SOHOs and enterprises, has announced that it is targeting to double its revenues within the next three years. The manufacturer aims to leverage its sustained revenue growth, and recently held a strategic planning workshop with its
More