Bank of Cyprus Public Company Ltd announced that on 23 May 2007, 3.167.241 new ordinary shares of the Bank will be introduced for trading on the Cyprus Stock Exchange and the Athens Exchange resulting from the recent increase in the share capital by CYP1.583.620,50 (EUR2.718.195). The new shares to be introduced have resulted from the
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Cyprus Minister of Education and Culture Akis Kleanthous told CNA that the accession of the Turkish Cypriot illegal regime’s so called universities to the Bologna Process is no longer an issue. The issue was tabled by the Turkish delegation, during the 5th Bologna conference of Ministers responsible for Higher Education which took place in London
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Cypriot Paraolympic Games gold medalist, Carolina Pelendritou, broke Saturday the world record in women’s 100 metres Breaststroke, during the British International Disability Swimming Championships 2007, held in Sheffield, UK. Pelendritou’s time of 1:19.91, knocked nearly two seconds off the world record. She also smashed the 50m split time, changing the world record time to 36.87
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by Apostolis Zoupaniotis Primate of the Greek Orthodox Church in America, Archbishop Demetrios, will visit Cyprus July 2-6, at the invitation of Cyprus President Tassos Papadopoulos. During his visit he will inaugurate a vocational training seminar for 22 teachers at Greek schools overseas. Demetrios will also attend a ceremony during which two veteran Greek American
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Kuwait has abandoned pegging its currency to the U.S. dollar and returned to linking it to a basket of currencies, the Central Bank governor announced. The fall of the exchange rate of the U.S. dollar has “contributed to local inflation,” and the Cabinet decided Sunday to peg the Kuwaiti dinar to a basket of currencies
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Hellenic Bank Pcl (HB) beat and surpassed market expectations by delivering a highly satisfactory set of results in the first quarter of 2007. HB reported total income of EUR 72.1 mln in Q107, up 23% from a year earlier, while profits before provisions jumped 40% to EUR 33.25 mln. Net profit attributable to shareholders jumped
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The number of building permits authorised by the Cyprus municipal authorities fell year on year in the first two months of 2007 but rose in both value and areas, according to the latest figures from the Statistical Services. In January-February 2007, 1,551 building permits were issued, registering a reduction of 4.7% compared with the corresponding
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Written by Daniel Bergstresser and Thomas Philippon Summarized by William A. Trent, CFA Edited by Constantinos Papanastasiou, CFAÂ Â Â President, CFA Society of Cyprus The authors provide evidence that increased sensitivity of CEO compensation to company share price encourages greater use of discretionary accruals to manipulate earnings. Furthermore, they demonstrate that years in which accruals are
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Motorola, Inc. announced its new ROKR brand of music-optimized headsets and handsets, highlighted by the powerful ROKR Z6, which is expected to hit stores in May. Further delivering the best music experience for mobile consumers, the company also announced a unique marketing agreement with Napster to give music fans even easier access to millions of
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The Cyprus government expressed here Thursday its full satisfaction with the conclusions of the European Commission which underlined that Cyprus has achieved a high degree of sustainable economic convergence with the euro area member states and that it fulfils the necessary conditions to adopt the euro. Government Spokesman Vassilis Palmas pointed out in a written
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