Cyprus recorded a 2.2% Year-on-Year increase in revenue from tourism in 2006 with total earnings estimated at CYP 1.02 bln or EUR 1.76 bln compared to CYP 1.00 bln in 2005.According to data released by the Statistical Service, based on the results of the Passenger Survey, tourist arrivals in 2006 dropped by 2.8% compared to
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According to PandaLabs, in 2006, more new variants of bots were detected than any other type of malware barring Trojans. The vast majority of these variants belonged to just eight families. In fact, over 74 percent of new bot detections were from just two families: Gaobot (37.52%) and Sdbot (36.63%). Bots are programs that go
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Sony Computer Entertainment Europe today announced that PLAYSTATION 3 will be launched in the PAL territories of Europe, Africa, the Middle East and Australasia on March 23 at a price of 599m euros. Cyprus distributor for PlayStation, Gibareio Ltd, announced that “We are delighted to confirm that Playstation 3 will be launched in the Cyprus
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Moody’s Investors Service has lowered to ‘negative’ from ‘stable’ the outlook on the B1 corporate family rating of Antenna TV S.A. and the B1 rating on the company’s EUR 120 million of 7.25% senior unsecured notes due 2015. The outlook change reflects the difficult operating environment that the company is facing in its core TV
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Government Spokesman Christodoulos Pashiardes described the announcement made by the Turkish Foreign Ministry regarding Cyprus’ intentions to proceed with the exploration and exploitation of possible oil reserves in its exclusive economic zone, as ”a flagrant threat against Cyprus, Lebanon and Egypt”. “Today’s written statement by the Turkish Foreign Ministry regarding the decision of the Cyprus
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Cypriot Minister of Agriculture, Natural Resources and the Environment Photis Photiou said on Tuesday that the EU should intervene and support the member states that are facing the negative consequences of drought, adding that the Cypriot government, as part of its water policy, is planning and implementing desalination and water recycling projects. Speaking at Larnaca
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Cyprus will spare no effort to maintain a leading ships register of high quality and participate actively in all international fora where policy decisions on shipping are taken, Cyprus Minister of Communications and Works Haris Thrasou pledged, speaking at the fourth Digital Ship Conference, “Digital Ship Cyprusâ€. The international two-day conference deals with information and
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The Board of Directors of Universal Bank Pcl (USB) will convene on 5 February 2007 to examine the revised public offer of Aspis Pronia A.E.G.A and Commercial Value A.A.E. for the acquisition of a minimum of 20% and a maximum 50% plus one share of the issued share capital of USB, at a cash consideration
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The special Golf Court Committee has granted five licenses for the development of golf courts in Cyprus. The five winners are, – one license to Shacolas Group Ltd (at Polis Chrysochous) – two licenses to Aristo Developers Pcl (at Ha Potami) – two licenses to Lanitis development Pcl (at Fassouri, Petra tu Romiou) The five
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This newspaper and many other columnists in other publications have repeatedly written about the lack of vision by the government – and this criticism is not solely directed at the ruling coalition administration, but also to the general government machine that should be advising the relevant ministers on policy decisions. One such example is the
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