Nokia has introduce a new solution called Nokia Cost Control to benefit operators that have a significant, untapped potential in lower-income consumer segments among which shared phones are prevalent. The solution is provided to operators as a software implementation, and it is supported by GSM phones. The platform is easy to use. When making a phone
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Orphanides Pcl (ORF), the largest retailing stock listed on the CSE aims to raise own imports to CYP 11 mln by end 2007 from the current CYP 9 mln level, according to ORF Chairman Christos Orphanides. Speaking at a press conference in Nicosia, Orphanides said for this purpose the group has purchased warehouse space of
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Marfin Financial Group announced that it has reached an agreement through its fully owned subsidiary Marfin Bank to acquire a 30% membership interest of ARIS Capital Management, LLC, with the option of purchasing another 21% of the outstanding membership interest of the company within a 3 year period. Total consideration for the acquisition of the
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Bishop of Kyrenia Pavlos has strongly protested Turkish actions to convert the historic church of St. Luke in the Turkish occupied north of Cyprus, into a ballroom. In a letter sent to the Ambassadors, stationed in Nicosia, of the five Permanent Members of the UN Security Council, the General Secretaries of the Council of Europe
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European Commissioner for Enlargement, Olli Rehn, urged Turkey to fulfill its contractual obligations and implement the EU – Turkey Customs Union agreement with all new EU member states, including the Republic of Cyprus. Rehn, who met with Turkish Foreign Minister Abdullah Gul, said that the Finnish EU Presidency’s proposals constitute the only way to avoid
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European Commissioner President, Jose Manuel Barroso, expressed hope that Turkey will fulfill all its EU obligations, including complying with the Ankara Agreement, that provides for the implementation of a Customs Union Protocol with all ten new EU member states, including the Republic of Cyprus. Answering a question by CNA, Barroso said that on November 8th,
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There is room for promoting cooperation between Cyprus and Russia in the field of energy, Cyprus Commerce, Industry and Tourism Minister Antonis Michaelides and Russian Ambassador to Cyprus Andrey Nesterenko have stressed here Monday.An official press release said that during a meeting on Monday, Michaelides and Nesterenko agreed that the two countries must develop relations
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Finance Minister Michalis Sarris presented before the House Finance Committee the State Budget for 2007, aiming to pave the way for the normal accession of Cyprus to the Eurozone and the implementation of the Lisbon programme and the strategic development.Sarris said that a joint effort, cooperation and a common policy is needed, with the consensus
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The dollar remained steady confined to tight ranges on Tuesday as investors turned to U.S. economic data for clues on whether the currency has room to rise further. Traders also wary of regional security concerns after media reports that U.S. spy satellites had detected activity that may signal North Korea is preparing for another nuclear
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Russian market still strong  Tourism arrivals in Cyprus fell for the seventh month this year in September, dropping by 2.1% year on year to 296,532 in September 2006 compared with 302,833 in September 2005. So far this year, arrivals have risen only in July and April compared with the corresponding period of 2005. On
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