Nokia announced plans to discontinue the production of mobile devices in Germany and close its Bochum site by mid-2008. The company plans to move manufacturing to its other, more cost-competitive sites in Europe. As a consequence of the planned shift of production from Bochum to other European sites, Nokia also intends to discontinue other non-production
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China Telecom, the leading wireline provider of telecom services in China has selected Nokia Siemens Networks as the primary solutions provider for its video monitoring service, MegaEyes. This video monitoring solution is an operator host IP based offering capable of providing high end images for remote monitoring. Nokia Siemens Networks will support new broadband and
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Building permits in Cyprus gave their first hint of a slowdown in October as the area of building permits authorised fell by 4.1% compared with October 2006 to 318,083 square metres. The number of building permits also fell by 19.3% to 797. Monthly building permit data are volatile and the value of permits was still
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While continued progress has been made in integrating and rationalising their domestic operations, Belgian banks’ earnings and efficiency remain moderate, says Moody’s Investors Service in its new Banking System Outlook for Belgium. “The outlook for Belgian bank ratings remains stable, based on the banks’ low — but generally improving — profitability, their solid domestic franchises
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The European Commission has launched an emergency decision to provide relief assistance to vulnerable groups affected by the crisis in Kenya. The funds will be focused on meeting the basic needs of people who have been displaced as a result of the post-election violence. Louis Michel, the European Commissioner for Development and Humanitarian Aid, expressed
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The Statistical Service of Cyprus has announced the publication of the monthly report “Intra-Extra E.U Trade Statistics (Summarised Data)†for October 2007. The main developments in Cyprus foreign trade were as follows. The trade deficit was CYP 2,503.6 mln in January-October 2007 compared with CYP 2,149.9 mln in January-October 2006. Total imports/arrivals (covering total imports
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Large increase in number of surgical operations   Expenditure of health services during 2006 was 6.3% of GDP, compared with 6.0% of GDP in 1998, according to the annual report “Health and Hospital Statistics†from the Statistical Service. By value expenditure on healthcare is estimated at CYP 529.8 mln of which CYP 264.0 mln represented
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Spending abroad accelerates Cypriot credit card spending at home rose by 16% to reach CYP 895 mln in 2007, according to the latest figures from the credit card monopoly, JCC, while expenditure by Cypriots abroad rose by 32% to reach CYP 297.1 mln. Much of the increase in credit card expenditure by Cypriots can be
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Cypriot tennis player Marcos Baghdatis, advanced to the second round of the Australian Open after defeating Thomas Johansson of Sweden with 7-6(0) 6-2 3-6 6-3. According to the Australian Open website, Baghdatis, who lost to Roger Federer in the 2006 Australian Open, is seeded 15 this year, has played down the extent of a hamstring
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Cyprus’ top athletes for 2007 were honoured during an award-giving ceremony organized Monday night by the Cyprus Sportswriters Union. Cyprus President Tassos Papadopoulos, House of Representatives President Demetris Christofias, political party leaders, Ministers, MPs, President of Cyprus Sport Organisation Titos Christofides and other sports officials attended the ceremony at a Nicosia hotel. The five best
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