The Cyprus Securities and Exchange Commission (CySEC) approved a request by NK Shacolas (Holdings) to extend the announcement of NKS’s final decision regarding its expressed intention to submit a Public Offer for the acquisition of up to 89% of the share capital of Woolworth (Cyprus) Properties Plc (FWW) at a cash consideration of EUR 1.40 per
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The Cyprus Institute of Neurology and Genetics will be participating with two presentations in the scientific programme of the 17th Meeting of the European Neurological Society (ENS), beginning in Rhodes Saturday. Senior Neurologist at the Institute of Neurology and Genetics, Director of the Clinical Neurophysiology Department of the Institute and Deputy Professor of Neurology at
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The Nokia 6110 Navigator, which began shipping this week, will have its navigation capabilities tested as it accompanies actors Ewan McGregor and Charley Boorman as they take the “Long Way Down” to Cape Town on BMW motorcycles. With the 6110 Navigator routing the path, best friends Ewan and Charley have begun their monumental motorcycle journey
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According to the Inland Revenue Department (IRD) tax revenue for the period January –May2007 advanced by 48% YoY to CYP 377.4 mln. Total income tax collections increased by 27.7% YoY to CYP 161 mln. Revenue from Corporation Tax advanced by 64.4% YoY to CYP 55.2 mln, while collections arising from Capital Gains Tax jumped to
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The Shacolas Group of Companies have pledged to round-down euro prices by up to 1% when the euro becomes official tender on January 1, 2008 thus sending a powerful message to the Cypriot consumer worried stiff that when the euro is introduced, business and retail establishments will proceed with rampant price hikes. Executive Chairman of
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Louis Plc subsidiary Louis Hellenic Cruises, operator of the Sea Diamond that sank off the coast of Santorini in early April, said that the fuel clean up operation is still underway with international experts working to prevent environmental damage. The announcement followed allegations from local authorities in Greece that insisted that a quantity of fuel
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The Executive Chairman of Cyprus Trading Corp (CTC) Nicos Shacolas stated that CTC’s turnover for the first five months of 2007 (excluding Ermes) increased by 14.9% YoY to CYP 53.6 mln (EUR 92.8 mln) whilst including revenues arising from Ermes, Group turnover stood at CYP 89.8 mln (EUR 155.7 mln). Finally, the Chairman stated that
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The Annual General Meeting of  Elma Holdings Public Company Ltd (ELMA) approved the final audited results for the year ended December 31, 2006, the Directors’ Report and the Auditors’ Report. The profit attributable to shareholders stood at EUR26,803,002 (2005 EUR4,846,737) that corresponds to an increase of 453%. The AGM approved the proposal of the Board
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A new worm, SpreadBanker.A, uses a YouTube video to trick users and spread, according to PandaLabs. The worm has two components. When the user runs the first of these, it connects to the YouTube page and displays a video. The problem is that at the same time it is downloading the second part of the
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The Colgate-Palmolive Company warned in an announcement issued in New York Thursday that counterfeit toothpaste falsely packaged as “Colgate” has been found in several dollar-type discount stores in the states of New York, New Jersey, Pennsylvania and Maryland. There are indications that this product does not contain fluoride and may contain Diethylene Glycol, the company
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