By Andrew Stott Head of Corporate 3D Global Insurance Agency Ltd  When conducting insurance business at 3D Global, one of the most common discoveries we make when visiting businesses or individual clients is that their insurance does not match their risk. In insurance terms, they are “under-insuredâ€. More often than not, since there are
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By Dr. Jim Leontiades Cyprus International Institute of Management  “Neoliberalism” – what does it mean? The term is most often used by persons who are skeptical of the free market and market based decisions. It appears to refer to a distinction between the decisions based on market forces as opposed to “top down” decisions
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Edited by Demetris Nicolaou, CFA Member of the Board The CFA Society of Cyprus  Investors should investigate whether the company engages in outside business relationships with management or board members, or individuals associated with them, for goods and services on behalf of the company.  Reasons for reviewing the company’s policies on Related-Party Transactions.Â
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Ericsson has entered into an agreement with Orange for a major managed services cooperation in the Netherlands. The agreement covers operations, rollout and field maintenance of the Orange mobile network. 190 jobs will be transferred to Ericsson. The agreement, which covers a time frame of five years, will allow Orange Netherlands to better focus on
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Oracle has announced new versions of its five major product lines, with the introduction of Oracle E-Business Suite Release 12, Oracle’s PeopleSoft Enterprise Release 9.0, Siebel CRM 8.0, JD Edwards EnterpriseOne 8.12 and JD Edwards World A9.1. This unprecedented product launch demonstrates Oracle’s continued commitment to its “Applications Unlimited†program, which gives customer additional value
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Aspis Pronia A.E.G.A. and Commercial Value A.A.E. submitted a revised public offer for the acquisition of a minimum of 40% and a maximum 50% plus one share of the issued share capital of Universal Bank (USB) at a cash consideration of CYP 1.36 or EUR 2.35 per share. The initial public offer made by Aspis
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An official Polish delegation conveyed on Friday to Cypriot President Tassos Papadopoulos a message requesting Cyprus’ support in Poland’s bid to secure the hosting of the two-yearly EXPO 2012 international exhibition in the city of Wroclaw with the theme ”The Culture of Leisure in World Economics.”The Polish President’s Special Representative, Undersecretary of State at the
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Marfin Popular Bank announced that it will realize a profit of EUR 50.5 mln on the two deals transacted on February 1, 2007 whereby a 7.17% stake held in Hellenic Bank was sold to the Church of Cyprus and a 35% stake in Universal Life Insurance was sold to Aspis controlled MFS Group. MFP CEO
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makes better offer than Bank of Cyprus  Marfin Popular Bank broadened the undeclared war now being waged with Bank of Cyprus by offering to buy a controlling stake in Cytrustees Investments Pcl (CYTR), which is the subject of a takeover bid by Bank of Cyprus. Marfin surprised the market after Laiki Investments Pcl (LI),
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As demographic changes place enormous pressures on governments and companies alike to fund their growing pension deficits new strategies are required for pension funds to escape underfunding in the future. Following a workshop on the issue organized last week by XS Capital Securities & Financial Services we had the opportunity to speak to Philipp Roeh,
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