Keefe Bruyette is bullish on European banks suggesting an overweight bias on the back of expectations that the spreads will improve, leading profits by 10% on average higher. The investment house forecasts the 2007 p/e ratio of the banking sector at 11.4 times, with the highest growth rates in terms of profitability forecast for Greece,
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Skype and Nokia announced a collaboration to develop a new mobile Skype experience on the Nokia N800 Internet Tablet. The collaboration builds on the familiarity and richness of desktop Skype and makes it mobile. The N800’s small size and easy wireless connectivity frees Skype users from their desktop, allowing conversations to take place anywhere, as
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The Board of Directors of Universal Bank Public Ltd (USB) announced that it recommends shareholders to accept the public offer on behalf of the Companies ‘Schoeller Holdings Ltd’ and ‘Path Holdings Ltd’ for the acquisition of 41% to 50.99% of the issued share capital of USB for CYP0.90/USB share in cash. According to the announcement,
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Cyprus President Tassos Papadopoulos expressed the conviction that Cyprus will be able to join the Eurozone on January 1st, 2008.Invited to say if Cyprus may face any difficulties as regards its accession to the Economic and Monetary Union (EMU) on January 1st, 2008, Papadopoulos said “I think no one can predict what will happen, but
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The Director of Religious Affairs of the Turkish Cypriot community Ahmet Yunluer cancelled the meeting that was scheduled to take place today with the primate of the Greek Orthodox Church of Cyprus, Archbishop Chrysostomos II, at the Holy Archbishopric, the government-controlled part of the divided capital Nicosia.“The Director of Religious Affairs of the Turkish Cypriot
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A Eurobarometer opinion survey on energy technologies published today by the European Commission shows that 60% of EU citizens think that energy research should be a priority for the European Union. The report also shows that Europeans are highly positive about renewable energies. In the future Europeans expect the use of fossil fuels to drop,
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The WETO-H2 study has developed a Reference projection of the world energy system and two variant scenarios, a carbon constraint case and a hydrogen case. These scenarios have been used to explore the options for technology and climate policies in the next half-century. All the projections to 2050 have been made with a world energy
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Cyprus has performed well in attracting Foreign Firect Investments (FDI); indicatively, Cyprus is classified among the front-runners of the world ranking high both in FDI performance as well as in FDI potential, based on the latest World Investment Report of UNCTAD published in 2006. The FDI inflows for 2005 were above $1.1 billion continuing an
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According to the latest registered unemployment data for December, the number of registered unemployed fell by 330 people or 2.5% to 12,824 in the whole of 2006, compared with 16,153 in 2005. In the big categories, the sharpest drop was seen in the category of hotels and restaurants, where, despite an apparently bad year for
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The UK and Greece were the top spots for travellers in November, according to the results of the Passengers Survey published by the Statistical Service Cystat. In November a total of 57,626 residents of Cyprus returned from a trip abroad in November 2006 compared to 53,130 in the corresponding month last year, recording an increase
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