Switzerland has allocated the amount of EUR 3.82 mln or CYP 2.2 mln in project finance aid to Cyprus under a memorandum signed on Swiss financial contribution to the new Member States The European Union and Switzerland signed the Memorandum of Understanding setting up the arrangements by which Switzerland will finance projects in the new
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KEO Public Co. Ltd. will proceed with the layoff of 110 employees from all department units with immediate effect as part of its restructuring plan. The staff redundancies, which were inititally rumoured at 200-225 were agreed with both trade unions representing staff, according to which there will be no industrial action against the company. This
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America Online Inc. has filed three lawsuits against “several major phishing gangs” who trick users into revealing their online identities and other sensitive information, the technology website Vnunet.com reported. The lawsuits seek US$ 18 mln in damages and mark the first time a major internet service provider has taken advantage of a July 2005 anti-phishing
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The Financial Mirror was invited by the European Parliament representative office in Cyprus last week to attend two key events in Brussels organised by the European Parliament’s Committee on Economic and Monetary Affairs. The Economic and Social Committee is the Cyprus equivalent of the House Finance Committee: the main European Parliament body for scrutinising EU
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The Government of the Federal Republic of Germany has donated EUR 100,000 (one hundred thousand euro) to the Committee of Missing Persons in Cyprus (CMP) for the Project of Exhumations and Identification (PEI). The Head of the Cyprus Desk of the German Federal Foreign Office, Ms Susanne Kröger met the CMP members of both communities,
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