Piraeus Bank has decided to sell its significant stake in the share capital of Bank of Cyprus Pcl after its merger proposal was flatly rejected by the Board of Bank of Cyprus. Piraeus Chairman Michalis Salas told reporters following fresh speculation about a new bid that he will sell the stake since “Piraeus cannot meet
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The European Commission has proposed a comprehensive package of measures to establish a new Energy Policy for Europe to combat climate change and boost the EU’s energy security and competitiveness. The package of proposals set a series of ambitious targets on greenhouse gas emissions and renewable energy and aim to create a true internal market
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The world today is facing energy and environmental challenge, a challenge that is acute for Europe, and a challenge which is shared by all Member States. This is: how to secure competitive and clean energy for Europe against a backdrop of climate change, escalating global energy demand and future supply uncertainties. If one Member State
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As a major step toward meeting the unprecedented energy challenges facing the EU, the European Commission presented its Energy Efficiency Action Plan in October 2006. The Plan contains a package of priority measures covering a wide range of cost-effective energy efficiency initiatives. These include actions to make energy appliances, buildings, transport and energy generation more
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With the significant rise in oil prices and the growing concern about stable, secure and environmentally friendly energy supplies, the promotion of biofuels use in transport is a priority on the European political agenda. Today, biofuels are the only way to significantly reduce oil dependence in the transport sector. As part of its Energy Policy
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The Board of Directors of Marfin Financial Group were meeting late Wednesday afternoon to decide on a new capital increase, which informed sources say may be the biggest ever made in Greece. The Board meeting is held in the presence of representatives of Dubai Investment, which through the three-way merger with Laiki are now the
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Avacom Net Public Company Ltd informed the CSE and the SEC that on January 5, 2007, Polys Polycarpou Investments Ltd., one of its major shareholders increased his stake in the share capital of the Company and has exceeded 10%. From the previous total direct and indirect stake of 13.702.001 shares or 9.14% of the share
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Further to the announcement of Bank of Cyprus Public Company Limited on Friday, January 5, 2007 on the approval and publication of the Information Memorandum for the acquisition of up to 50% plus 1 share of the issued share capital of Cytrustees Investment Public Company Limited, the Company announced that the Board of Directors will
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Marfin Popular Bank Chief Executive Andreas Vgenopoulos, informed the Company that on January 5, 2007 he proceeded with the sale of 1,295,325 shares at EUR 8 per share for a total cash consideration of EUR 10.36 mln or CYP 5.9 mln. The shares were the result of the exercise of rights (stock option plan) of
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Motorola, Inc. has been awarded the Chicago market by Sprint Nextel for the build-out of its WiMAX wireless broadband service to deploy at least 1,000 sites in the greater Chicagoland area, providing select area coverage that complements Sprint Nextel’s existing EV-DO network. Initial service is expected to begin late in 2007, with the commercial launch
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