The European Commission adopted today a Green Paper, entitled “Towards a Europe free from tobacco smoke: policy options at EU level”, to launch a broad public consultation on the best way to promote smoke-free environments in the European Union. The Green Paper examines the health and economic burdens associated with passive smoking, public support for
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El Al, the Israeli airline announced that it will terminate its flights to Larnaca Cyprus and Istanbul Turkey from March 2007 due to low traffic on both routes and as part of its reorganisation efforts to streamline operations. The Israeli airline is currently in the process of being privatised and is shedding non profitable routes.
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IRF announced that it completed the acquisition in the open market of approximately 7,734,403 million shares in Marfin Popular Bank, a commercial banking group listed on the Athens Exchange, for approximately EUR 65 mln in cash. The acquisition was funded through the utilisation of IRF’s cash balances. The shares acquired represent approximately 1% of Marfin
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Equity prices on the Cyprus Stock Exchange dived lower on Tuesday, declining by another 1.76% to 4148.27 points, taking the weekly losses to 6.4% and nearly halving the year-to-date gains to 6.4%. Total volume amounted to EUR 34.9 mln. Bank of Cyprus Pcl (BOCY) fell 2.63% on the day to EUR 11.10 on EUR 13.2
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Egnatia Financial Services have initiated coverage on Cyprus Trading Corporation Pcl (CTC) with a ‘buy’ Recommendation and a combined EUR 1.75 price target, which yields a 2008 target P/E ratio of 9.9x. Cyprus Trading Corporation Pcl is part of the Shacolas Group, one of the largest private groups in Cyprus with its annual turnover above
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Panda Software’s UTM appliance, Panda GateDefender Integra 300, has been awarded 5 stars by the Spanish magazine BYTE, thanks to its excellent performance. After thoroughly analyzing the product, the publication has concluded that Panda “provides a quality response within the UTM (Unified Threat Management) environment and complements it with a series of proposals that allow
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Motorola, Inc. announced that it has won a contract to supply a TETRA (TErrestrial Trunked RAdio) digital radio system to Munich Airport, the second largest airport in Germany. The contract also includes TETRA devices for mobile voice and data communication. The deployment of the digital TETRA radio network is scheduled for completion by the end
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A California man faces up to 101 years in federal prison after a jury found him guilty of sending out email scams as well as related crimes, ZDNet UK reports. Jeffrey Brett Goodin, who was arrested last year, was found guilty of operating a sophisticated phishing scheme. As part of the scam, he sent emails
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Cypriot Government Spokesman Christodoulos Pashiardis said on Monday that a public debate on the issue of drilling for oil in the Cyprus sea area was of no benefit to anyone, adding that Lebanon, which recently signed a relevant agreement with Cyprus, would reply to Turkey‘s protests on the issue. Replying to questions, Pashiardis said that
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Cyprus Finance Minister Michalis Sarris departed for Brussels here Monday to attend the ECOFIN Meeting which will be held on Tuesday. The Council will discuss amongst other issues, the German Presidency’s priorities on issues of economic policy, France’s excessive deficit procedure and will be informed on the European Commission’s progress report on the Lisbon Strategy.
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