Dubai-based PRO TECHnology, a leading provider of broadcast and communication solutions, has declared a 37% growth in the first quarter of this year, reflecting its sustained growth in the region. Boosting its strategic expansion plans, the company announced its entry into the Libyan market with a new office branch in Tripoli. PRO TECHnology’s new office
More
Deutsche Bank views Bank of Cyprus as the “ideal candidate†for a takeover by a foreign “player†considering its dominant position in Cyprus and its aggressive and successful expansion drive in Greece as well as the new expansion into Russia and Romania. The investment bank has thus revised higher its price target on the Bank
More
Standard & Poor’s Ratings Services said today it revised its outlook on the Republic of Lithuania to negative from stable, due to a pick up in domestic demand in the first part of 2007, increasing the likelihood of a hard landing for the country’s economy. At the same time, Standard & Poor’s affirmed its long-term
More
Ambassador of the Islamic Republic of Iran to Cyprus Ali Reza Bikdeli expressed the support of his country to efforts for a Cyprus settlement, based on UN decisions and international law.The Iranian Ambassador was speaking during a meeting in Nicosia with House of Representatives President Demetris Christofias, who reaffirmed that the Greek Cypriot side was
More
The Council of Ministers of the Republic of Cyprus approved the text of an agreement with Finland to avoid double taxation. The Council of Ministers, which convened under President Tassos Papadopoulos, authorised the Minister of Finance Michalis Sarris to sign the agreement on behalf of the Republic.The agreement will contribute to the development of commercial
More
The Council of Ministers has backed a proposal submitted by the Ministry of Finance to dispose the States’ 88% participation in the share capital of the Cyprus Development Bank (CDB) to a strategic investor. The Council of Ministers authorised the Finance Minister to proceed with a open tender offer for the disposal of the State’s
More
Although the new French President, Nicolas Sarkozy, advocated a top-down and deliberately non-consensual line in his election campaign — in contrast to the more bottom-up consensual approach adopted by his Socialist opponent Segolene Royal — he has already taken considerable strides towards softening this approach, Moody’s Investors Service says in a new “International Policy Commentary”.
More
Ericsson has launched Network IQ, an independent platform that allows operators to use a single solution to control all their network systems. Network IQ supports streamlined workflows and subsequent cost reductions for operators that run their network over a large number of systems. The solution enables cross-technology and multivendor-performance reporting to help operators troubleshoot and
More
PandaLabs has detected a new variant of the Briz trojan, called Briz.X, which has already infected almost 14,000 users, stealing all types of information, such as bank and personal details, all types of passwords and even instant messaging conversations, etc. According to PandaLabs, it is continuing to infect an average 500 new computers per day.
More
Elena (Nora) Dikaiou, a major shareholder in Alkis Hadjikyriakos Frou-Frou Biscuits (FBI) has submitted a request to the company to discuss the issue of enforcing the CSE’s Corporate Governance Code at the forthcoming Annual General Meeting of shareholders. Dikaiou, holding 1/20 of the capital of FBI wants the AGM, to be held on June 7,
More