In its annual report on Armenia, Moody’s Investors Service said its Ba2 rating for local and foreign currency debt obligations and stable outlook balances the low debt burden of the government and economy as a whole against the country’s weak institutional capacity and modest level of economic development. The government bond ratings and Moody’s assessment
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The outlook for the rated Austrian banks remains stable, reflecting their solid domestic franchises, limited risk appetite and good financial fundamentals, as well as the expanded opportunity for further income growth and diversification in Central and Eastern European markets, Moody’s Investors Service said in its latest Banking System Outlook for Austria. “The market turmoil in
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Airport operator BAA and British Airways have embarked on a six month period of operational readiness activities in preparation for the opening of Heathrow’s Terminal 5 on March 27, 2008. Activities at the new terminal that cost GBP 5 bln to build and was designed by 2006 Stirling Prize winner the Richard Rogers Partnership, include
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The Russian mobile operator MegaFon will offer a mobile email service based on the Nokia Intellisync Wireless Email solution starting in November. The hosted service, branded as MegaSync, will provide mobile email, advanced attachment handling, calendar, contacts and task synchronization to MegaFon’s customers. “We were looking for a highly flexible solution that would also allow
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Motorola, Inc. and Marriott International, Inc. are teaming up to bring enhanced business and entertainment services to Marriott’s hotel guests around the world. As a core connectivity platform for advanced service delivery, Marriott has chosen Motorola’s PowerBroadband system that has recently been deployed in over 15,000 Marriott-branded guestrooms in prestigious hotels. Motorola’s mT2a PowerBroadband was
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Measles deaths in Africa fell by 91% between 2000 and 2006, from an estimated 396,000 to 36,000, reaching the United Nations 2010 goal to cut measles deaths by 90% four years early. The spectacular gains achieved in Africa helped generate a strong decline in global measles deaths, which fell 68% worldwide – from an estimated
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The credit outlook for rated Finnish banks remains stable, reflecting their strong domestic franchises, limited risk appetite and good financial fundamentals, Moody’s Investors Service said in its new Banking System Outlook for Finland. Fierce competition and ongoing pressure on margins remain key challenges going forward. “The market turmoil in the second half of 2007 has
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Industrial output growth in Cyprus slowed in September as the index of industrial production rose by only 0.2% compared with September 2006 to reach 124.7. However, for the year as a whole, industrial production has marked its best performance in five years. In the period January-September 2007 the index recorded an increase of 2.7% compared
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President of the Republic of Cyprus Tassos Papadopoulos said on Thursday that the Government did not have any official proposal for a new initiative for a Cyprus settlement after the presidential elections, noting that there was however information regarding mobility on the matter. Speaking at Larnaca Airport on his return from Athens and asked about
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The Subcommittee on Security and Defence (SEDE) of the European Parliament will pay an official visit to Cyprus, December 6 and 7, in the framework of the contribution of the Cyprus Republic, an EU member state, to the HELBROC Battle Group (Greece, Bulgaria, Rοmania and Cyprus). An official press release issued here, said the mission
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