Cyprus will be able to adopt the euro as scheduled in January next year, President Tassos Papadopoulos believes, as he said in his address at the Annual General Meeting of the Employers and Industrialists Federation (OEB), pointing out that prices are set to drop with the introduction of the euro and adding that the country
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President Tassos Papadopoulos has expressed his wish to secure the support of all three parties, that back his government, as he contemplates re-election in next year’s presidential elections. He also said that he respects his main partner, left-wing AKEL, and its leadership and lays special emphasis on the party views. His comments came as AKEL
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A German investigator, dealing with a case of stolen cultural heritage artifacts from Cyprus’ Turkish occupied areas, hopes that these will be returned to their lawful owners.Addressing an event on the destruction of Cyprus’ cultural heritage, as a result of the continuing Turkish occupation of the island’s northern part, Walter Moser, investigator with the Bavarian
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Consumers across Europe look set to be able to make better informed choices when they take out consumer credit loans – paying for holidays, weddings or a new car – following a decision in the Council. The proposed EU Directive on Consumer Credit Loans aims to break open the €800 bln EU consumer loans market
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Prices of construction materials in Cyprus picked up in April, as the price index of construction materials for April 2007 rose by 1.02% to 137.53 (base 2000=100.00), compared with a rise of 0.76% in March. Month-on-month inflation in these prices has been rising all year, starting at less than 0.1% in January. For the period
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Deutsche Bank (DB) has upped its price target on the shares of Marfin Popular Bank to EUR 12 per share following the presentation of results in London where the Group also informed investors regarding the increase in its projections. DB is forecasting MPB to report EPS of EUR 0.56 in 2007, EUR 0.66 in 2008
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Mobile Telesystems OJSC, the largest mobile phone operator in Russia and the CIS, and Nokia Siemens Networks announced today their cooperation in building a turnkey 3G network in the Moscow region. The announced collaboration covers the delivery of a 3G WCDMA radio network; a hardware and software package for data transfer; a multi-technology, multi-vendor network
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As notebooks become more popular, they are increasingly being used as a desktop PC. However, a notebook’s small keyboard and the restricted viewing angle mean that it is not always comfortable to use one for a long period of time. As a solution to this problem, Trust has developed a high-quality, ergonomic Notebook docking station.
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PandaLabs has discovered a network of almost 15,000 computers infected with the new Barracuda.A bot. This malicious code is designed to allow its creators to launch distributed denial of service (DDoS) attacks from each computer infected. A DDoS attack consists of launching a denial of service attack from several computers simultaneously to crash other computers.
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The Monetary Policy Committee (MPC) of the Central Bank’s Board of Directors decided to keep interest base rates unchanged at 4.5%. Newly appointed Governor of the Central Bank Athanasios Orphanides thus maintained the current 75 basis point spread between the Cyprus pound and euro key refinancing rates. The MPC, took into account the recent Convergence
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