Banker trojans and phishing are the most likely threats that online shoppers face this holiday season. However, the potential dangers will not be a major deterrent to this Christmas’s online shopping spree, Panda Security reported. High street mayhem and long queues create frustration amongst last minute buyers, who naturally turn towards online shopping to ease
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In its annual report on The Netherlands, Moody’s Investors Service said its Aaa government bond rating and stable outlook reflect the country’s healthy public finances, including government debt ratios well below Eurozone averages. “The Dutch economy has shaken off its slowdown following an overheating episode earlier in the decade,” said Moody’s Vice President Alexander Kockerbeck.
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— Gateway to Romanian stock market  A key milestone in the history of Banca Transilvania was the opening of its Cyprus branch, which essentially marks the Romanian bank’s first international expansion, culminating a successful year with many ambitious projects already accomplished. In an exclusive interview with the Financial Mirror, Robert C. Rekkers, CEO of
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— CFA/Financial Mirror poll sees lower growth, higher inflation  The Cyprus GDP growth rate is expected to decline below the government’s forecast of 4.0% in 2008 with inflation also seen well above the official target, as financial turbulence now faced in the US and some EU countries spreads to Cyprus, according to the first
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Two months after private mobile operator MTN introduced the BlackBerry to Cyprus, state-owned Cytamobile has launched its own package through its partnership with Vodafone with two smartphones on offer. Cytamobile-Vodafone wants users to buy the Pearl 8100 at CYP 199 (EUR 340) or the Curve 8310 at CYP 239 (EUR 408,35) and offers the BlackBerry
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Migration and natural increase the cause  The Statistical Service Cystat has announced the publication of the “Demographic Report†for 2006. The report gives, inter alia, an account of population developments and provides data on a time series basis on fertility, mortality, marriages and divorces. The most salient demographic developments during 2006 can be summarised
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Standard & Poor’s Ratings Services said it raised its long-term counterparty credit rating on Russia-based Rosbank OJSC to ‘BB+’ from ‘BB-‘. The outlook is positive. At the same time, the ‘B’ short-term counterparty credit was affirmed, and the Russian national scale ratings raised to ‘ruAA+’ from ‘ruAA-‘. The upgrade is based on the French group
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The funeral of the late former Archbishop of Cyprus Chrysostomos I took place Monday at the Church of Panayia Evangelistria in Palouriotissa. Chrysostomos I, passed away Saturday at the age of 80, following a lengthy illness that forced him from his throne. The Primate of the Orthodox Church of Cyprus, Chrysostomos II, who took up
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The credit outlook for rated Moroccan banks is stable, reflecting banks’ improving financial performance, opportunities for growth in light of currently low banking penetration and the positive participation of foreign, international banking groups, Moody’s Investors Service said in its new Banking System Outlook for Morocco. “Favourable macroeconomic conditions have supported buoyant credit growth over the
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The outlook for Moody’s rated Greek banks is stable, reflecting their strong financial performance and their good business growth prospects in both their domestic market and the South-East European (SEE) region, Moody’s Investors Service said in its new Banking System Outlook for Greece. These positive factors are somewhat counterbalanced, however, by the banks’ elevated risk
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