Ericsson announced it had acquired HyC Group, a leading Spanish company in TV consultancy and systems integration with around 110 employees. The acquisition further strengthens Ericsson’s position in the services and multimedia domains as a systems integrator of IPTV solutions. IPTV is a key technology for telecom operators and service providers that aims to offer
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PandaLabs, Panda Security’s anti-malware laboratory, in its forecast of how Internet threats will evolve in 2008, said that one of the key factors will be the increase in the amount of known and unknown malware in circulation. If there has already been a notable increase in 2007 compared to previous years, this trend will most
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The opening of a crossing point, in the capital, to and from the northern Turkish occupied areas depends on the Turkish side, President of the Republic Tassos Papadopoulos stressed here today. He also stressed that the government will not allow any territory to be lost in return for opening a checkpoint at Ledra street, one
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The population in Cyprus increased in 2006 mainly as a result of an increased net migration balance and to a lesser degree as a result of the natural increase according to Cyprus’ Statistical Service’s (CyStat) latest Demographic Report.According to the report, the population in the southern government controlled area of the country is estimated at
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The year 2007 saw crude oil break free and march towards the USD 100 mark on the back of continued strong demand from Asia, low crude oil stocks in the US, and geopolitical tensions across the Middle East. Andreas Hoefert, Analyst, UBS Financial Services Inc.remains positive on the crude oil cycle but the big question
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Marfin Popular Bank Public Co Ltd (“MPBâ€) and the shareholders of OAO RPB-Holding (“RPB-Holdingâ€), the parent company of OOO Rossiysky Promyishlenny Bank (“Rosprombankâ€) entered into a definitive agreement for the acquisition of a 50.04% equity interest in RPB-Holding by MPB for o total consideration of EUR83 mln. Rosprombank is a fast-growing Russian bank, with a
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The Schengen Area, where citizens and tourists travel without passports is set to expand on December 21 to include new member states, but not Cyprus, which is expected to join in 2009. The Schengen zone, named for the wine-making town in Luxembourg where the agreement was signed in 1985, currently allows unhindered travel between 13
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Wagamama, the British chain of noodle bars, opened its first franchise restaurant in Nicosia, making it the 80th worldwide. Operated by Dafera Ltd., a subsidiary of PHC Franchised Restaurants, there will be “up to three new openings in Cyprus,” according to PHC Chairman Lyssandros Ioannou. He explained that Dafera owns the master franchise for Cyprus,
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— Rights issue to raise EUR 5.7 mln, dividend policy for 2007 Â A.L ProChoice Group Public Ltd aims to start a financial services division (KEPEY) offering stockbrokerage with a focus on foreign markets while extending its property investments, mostly abroad. A.L. Prochoice CEO Andreas Leonidou told the Financial Mirror in an exclusive interview that
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The Russian Federation’s Foreign Minister, Sergei Lavrov, took time out of his busy official visit to Cyprus to inaugurate the recently refurbished head office of the Russian Commercial Bank in Limassol. With several hundred guests present at a lavish reception, the Foreign Minister and RCB’s Chief Executive Officer, Mikhail Kouzovlev, presented Limassol Mayor Andreas Christou
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