The adoption of the euro in Cyprus and Malta is proceeding very swiftly and this is testimony to the good preparations beforehand for which all involved in the two countries, starting with their respective governments, must be congratulated, European Union Commissioner for Economic and Monetary Affairs Joaquin Almunia has said, according to a European Commission
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Cyprus President Tassos Papadopoulos has expressed deep sorrow for the death of former Foreign Minister and former House President Alecos Michaelides, who passed away Sunday morning. Papadopoulos, who signed the condolences book opened today at the House of Representatives, said that he cooperated for many years with Michaelides who had served his country faithfully. “Alecos
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The 2005 – 2007 Cyprus Theatre Organization (THOC) Awards ceremony took place tonight in the presence of President of the Republic of Cyprus Tassos Papadopoulos. The Grand THOC Prize was given to literary writer and researcher Giannis Katsouris, who has recently been honored by the Athens Academy. The award was given by President Papadopoulos, who
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The market for outsourced IT services in the UAE is projected to reach USD 170.5 mln in 2010 from the USD 81.27 mln recorded in 2006, according to the latest IDC reports. Raqmiyat, a leading UAE-based Systems Integrator, has announced the completion of a number of outsourcing projects for major leading regional and international banks
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Zain in Saudi Arabia and Nokia Siemens Networks have signed a contract to roll out a state-of–the-art greenfield mobile network in the Kingdom. Nokia Siemens Networks will supply a full turnkey 2G and 3G mobile network, including core and radio networks, operations and business support systems, applications and a full suite of services, including managed
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Moody’s global speculative-grade default rate drifted lower in December, closing 2007 at 0.9%, down from its level of 1.7% a year ago, Moody’s Investors Service reported today. The global default rate is now at its lowest level since December 1981 when it stood at 0.7%. “We believe December 2007 likely marks the low point of
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On the basis of the results of the Passengers’ Survey, 67,999 residents of Cyprus returned from a trip abroad in November 2007, compared with 57,626 in the corresponding month of 2006, recording an increase of 18.0%. In November 2007 there was an increase of 9.8% in the trips of residents to Greece (from 24,337 in
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Epson has announced the Middle East launch of two premium quality photo all-in-ones – Stylus Photo RX690 and RX610 – for printing, scanning and copying photos, documents, CDs and DVD faces. They feature Epson Claria Photographic Ink, a high-definition, six-colour dye-based ink, giving better quality photos that last longer than those from the photo lab.
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Leading Cyprus ad agency celebrates 25 years  When it comes to business and the economy, Cyprus is often the exception to the rule. This law is just as true in the case of new industries or services starting up, as much as older enterprises that opt to shut down operations, rather than look to
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Motorola, Inc. made it easy to capture, edit and share videos and images directly from the mobile device with the introduction of MOTO Z10 at the 2008 International Consumer Electronics Show (Comtex) in Las Vegas. The new MOTO Z10 is a complete, pocket-sized, mobile film studio. This stylish kick slider makes it easy to capture
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