E-commerce rises steadily  Latest data on the use of information technology in Cyprus show that the proportion of individuals using internet banking almost doubled in the space of a year, from 17.9% to 31.3% of those surveyed. The results come from the ‘Information and Communication Technologies Usage in Households’ annual survey, conducted by the
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Famagusta (Ammochostos) in eastern Cyprus is the leader in terms of real estate growth according to our analysis of the latest figures on building permits from the Statistical Service, Cystat. Cut off from the town which now lies in the occupied area of Cyprus, the region of “Free Famagusta†(Ammochostos) has tended be the Cinderella
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The EU will celebrate 6 years of successful collaboration with the United Nations Development Programme – Partnership for the Future (UNDP-PFF) in Cyprus on the occasion of the launch of the EUR8 million second phase of the project “Upgrading of Urban and Local Infrastructure” on Wednesday 5 December 2007. This project will improve the living
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According to the Bank of Cyprus Dividend Reinvestment Plan, the price at which the interim dividend for 2007 will be reinvested into shares is CYP6,78 or EUR11,57. The price was calculated based on the applicable 10% discount on the weighted average closing price of the share on the Cyprus Stock Exchange (CSE) and the Athens
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by Emily Lambrou Nicosia (CNA) – Despite the fact that Cyprus has managed to maintain very low levels of HIV/AIDS cases, the Health Services have nevertheless cautioned against complacency, in the light of figures, which indicate a slight rise in HIV cases, mainly due to the arrival of foreigners and the repatriation of Cypriots. The
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The Economic Intelligence Unit (EIU) revised its Cyprus GDP growth forecast for 2007 and 2008 at 4.1% and 3.7% from 3.7% and 3.4% respectively while it forecasts a 3.5% growth in 2009. EIU expects real GDP growth to slow to 3.5% in 2009, as the rapid growth of bank lending (driven by demand for undeveloped
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The UAE Web Awards Committee, in association with Microsoft, Gowealthy.com and Business Software Alliance (BSA), the international association established by the software industry to promote a safe and legal digital world, recently hosted the third annual UAE Web Awards ceremony at the Jumeirah Beach Hotel. The UAE Web Awards honoured individuals and companies from UAE’s
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Under pressure from shareholders and regulators, Western European corporations are steadily providing more information on the compensation of their senior executives, with beneficial implications for investors, Moody’s Investors Service said in a new Special Comment. According to the rating agency, the availability and quality of information on executive compensation form a key element of its
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Moody’s Investors Service said Russia‘s Baa2 ratings and stable outlook for the government’s local and foreign currency bonds are likely to be further validated by the victory of Vladimir Putin’s United Russia Party in Sunday’s parliamentary elections and by next spring’s presidential election. In an annual report on Russia due for release early this week,
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Up to a quarter of the entertainment consumed by people in five years time will have been created, edited and shared within their peer circle rather than coming out of traditional media groups. This phenomenon, dubbed ‘Circular Entertainment’, has been identified by Nokia as a result of a global study into the future of entertainment.
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