Business is taking the lead in terms of cooperation in the Western Balkans by setting up a regional centre where national representations can constructively exchange experiences and promote cooperation projects that will attract foreign investments and partnerships. Recent events in the Western Balkans have shown that the political situation between countries in the region remains
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The Conservative Party announced the names of candidates in the elections for the European Parliament in 2009 that includes a successful Cypriot. Barnet Councillor Marina Yannakoudakis will be third on the list of the London Conservative candidates on the ballot paper after Charles Tannock MEP and Syed Kamall MEP. “I am delighted with the results.
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The Sage Group plc, a leading global supplier of business management software and services, announced the acquisition of Hallco 1390 Ltd for an enterprise value of £21 mln, paid in cash. Hallco’s revenues for the half year to December 2007 were £4.5 mln, based on unaudited management accounts. Hallco 1390 Ltd trades under the name
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Motorola, Inc. announced that it has been selected by the West Virginia State Police to deploy its Printrak Biometric Identification Solution (BIS). Motorola’s latest BIS solution features new algorithms for improved analysis of multi-modal biometric data delivering tenprint, latent, palmprint and facial images. The BIS software has been optimized for interoperable file exchange among agencies.
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STMicroelectronics of Switzerland, together with Intel and Francisco Partners announced the closing of their previously announced Numonyx joint venture. STMicroelectronics contributed its flash memory assets and businesses in NOR and NAND, including its Phase Change Memory (PCM) resources and NAND joint venture interest, to Numonyx in exchange for a 48.6% equity ownership stake and $155.6
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Nokia announced that the European Commission has initiated a Phase II review of the pending acquisition of NAVTEQ. This is part of the Commission’s review process, and does not in any way signal the ultimate outcome. “We have engaged in an open and constructive dialogue with the Commission in order to find agreement on the
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Moody’s Investors Service has placed the Baa3 senior unsecured rating for Stora Enso Oyj and the P-3 short term rating under review for possible downgrade. Stora Enso, with headquarters in Helsinki, Finland, is among the world’s largest paper and forest products companies with 2007 annual sales of EUR 13.4 bln. Macroeconomic and industry trends are
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Moody’s Investors Service has placed the B2 long-term foreign-currency deposit ratings of 22 Ukrainian banks on review for possible upgrade. The ratings of foreign currency debt instruments issued by six Ukrainian have also been placed on review for possible upgrade. This rating action has been triggered by the review for possible upgrade of the B1
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Yahoo Inc is introducing a new media site focused on women’s daily lives, the latest in a string of sites that include ones for gadget enthusiasts and food lovers, the company said on Sunday. The Sunnyvale, California-based company said the new site, called “Shine,” offers nine categories ranging from Fashion & Beauty to Parenting. It
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Bank of America is considering scrapping the sale of its equities prime brokerage unit after receiving lukewarm interest from potential bidders, the Financial Times reported on its Website on Sunday. Citing people close to the situation, the newspaper said no final decision on the prime brokerage unit, which has been up for sale for more
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