The European Parliament, in its plenary session in Strasbourg, voted with a strong majority in favour of an EU Regulation to substantially reduce the charges for using mobile phones abroad. This EU Regulation, which the European Commission proposed on 12 July 2006, was broadly supported by representatives of the 27 EU Member States last week.

Ermes Department Stores Public Ltd, member of the Shacolas Group is pleased to announce that its subsidiary, Superhome Center (D.I.Y) Ltd, will open its first store in Limassol. Similar stores operate successfully in Nicosia and Paphos. The store is situated in 8 Pavlou Liasidi, Mesa Geitonia. It is of 3,000 square meters and has 250

  Panda Software is conducting a macro study to evaluate and quantify the true situation with regard to Internet threats. The study’s results, to be published shortly, will offer information such as the actual number of infected computers or the types of threats that are most frequently installed on PCs without the users’ knowledge. Since

Bank of Cyprus Public Company Limited announced that on 21 May 2007, through transactions on the Cyprus Stock Exchange it has acquired a stake of 39.213.908 shares in Interfund Investments Plc at the price of EUR0,47 per share at a total cost of EUR18,4 mln, which represents 23,58% of Interfund Investments’ issued share capital. The

Cisco and Nokia Siemens Networks entered into an agreement to develop a standards-based telecommunications network management platform that will help service providers manage the increasing complexity of their networks and speed time to market of new services. The jointly developed Operations Support Systems (OSS) platform will help the entire service provider community better align network

Motorola, Inc. through Motorola Ventures, its strategic venture capital arm, has made an equity investment in VidSys, Inc., a leading provider of Physical Security Information Management (PSIM) solutions for safety, security, commercial, surveillance, military and transportation organizations. PSIM is the marriage of video management for security and surveillance applications with incident and event management. This

Ericsson has been selected by leading Italian internet provider Wind as a provider for metro and core optical transport technology and systems integrator to support its fixed IP broadband access. The contract awarded to Ericsson includes a DWDM (Dense Wavelength-Division Multiplexing) solution to increase transmission capacity of 1600km of existing fiber cables and BRAS (Broadband

The Cyprus government announced measures for a total amount of 30 mln euros to further improve economic development and cooperation between Greek Cypriots and Turkish Cypriots, something that could boost the local economy and help the reunification of the country.The first project, approved by the Cabinet, concerns ways to help set up small ventures between

Muskita Aluminium Industries (MAI) reported a 25% YoY increase in first quarter profits in 2007 to EUR 3.11 mln from EUR 2.48 mln in the same period in 2006 on the back of a healthy increase in sales coupled with costs remaining under control. Muskita, the dominant aluminium manufacturer and distributor in Cyprus and one