Health Minister Charis Charalambous seems to be one of the few people in government who has grasped the concept of private-public-partnership and is looking to introduce new means to make the national health system more efficient. This, he says, is the only way to ensure that the National Health Scheme will not fail before its
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By Dr. Jim Leontiades Cyprus International Institute of Management  If there is one institution that defines Western civilisation it is the university. Invented in Europe (more specifically in Greece) European universities are presently experiencing something of a crisis of confidence. There are calls for change but considerable disagreement as to what that change should
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The 21 companies listed on the Cyprus Stock Exchange that announced their nine month results ending September 2006 reported a combined 132% increase in profits to EUR 466 mln, from EUR 201 mln profits reported in 9M05, according to a Financial Mirror survey, thus justifying the spectacular rise in share prices. The 16 companies listed
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Cost savings of up to 20% for companies  Astra Self Drive Cars Plc (ACR), the CSE-listed car hire company, has introduced the Operating Leasing concept, targeting local corporations looking to cut costs and streamline operations, while outsourcing their car fleet. Vassilis Kontos, Marketing and Sales Manager at Astra Leasing told the Financial Mirror that
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SFS Group Public Company Limited (SFS) announced that on December 1, 2006 a total of 3,879,187 warrants (2005/2007 )have been exercised. SFS, therefore, proceeded to the issue and allocation of 3,879,187 new ordinary shares of nominal value 10 cent each to all warrant holders who exercised their warrants to the ratio of 1 share for
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Cyprus Popular Bank Public Company Ltd announced that on December 5, 2006, the Central Bank of Cyprus approved its application for the acquisition – via a Public Offer – of 100% of the ordinary shares of ‘Marfin Financial Group SA’ and 100% of the ordinary and preference shares and convertible bonds of ‘Egnatia Bank SA’.
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About 40 Greek fund managers and analysts had the opportunity to hear detailed presentations made by 14 CSE listed companies of their present status and prospects, organized and hosted by CISCO and Bank of Cyprus Pcl. The briefing entitled “Common Platform and Cypriot Companies” was addressed by Bank of Cyprus CEO Andreas Eliades, CSE Chairman
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Microsoft Gulf has appointed Red Entertainment Distribution as “Games for Windows” distributor for the Middle East region, responsible for promoting and distributing Microsoft’s entire “Games for Windows” titles. The appointment comes as Microsoft seeks to cement its presence in the Middle East’s growing entertainment and gaming industry markets and ensure that gaming enthusiasts have easily
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At an Extraordinary General Meeting of Andreas Petsas and Sons Public Ltd held on December 1, 2006 at the Company’s office in Nicosia, the Chairman of the Board of Directors explained that the enforcement of the Corporate Governance Code with the additions/changes that have been included in the second issue of the code entails additional
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HNS Limited announced that the Public Offer submitted on October 23, 2006 to the shareholders of Spidernet Services Public Limited for the acquisition of up to 100% (minimum 51%) of the issued share capital, expired successfully on November 30, 2006. The total shares that were accepted via the Acceptance Forms stood at 19,657,738, which represent
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