Hellenic Bank Pcl (HB) beat market expectations by tripling its profits for the nine month period ending September 2007, with net profit surging to EUR 104.1 mln or CYP 60.8 mln for a 201% year-on-year increase compared to EUR 34.56 mln a year ago in 2006. Net interest income surged to EUR 154 mln in
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Commander of the Russian School of Air Defence, Anatoliy Gavrilof, begins today a five – day visit to Cyprus. Gavrilof, accompanied by a four – member delegation of the Russian Federation’s Department of Air Defence Forces, will meet tomorrow National Guard General Staff Commander, Lieutenant General Constantinos Bisbikas. According to an official press release, the
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President of the Committee on Criminality and the Combating of Drugs and Addictive Substances of the House of Representatives Costas Papacostas will be departing on Tuesday for Brussels, to attend the presentation of the annual report of the European Monitoring Centre for Drugs and Drug Addiction on the situation of drugs in the EU. The
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Cypriot President Tassos Papadopoulos will be in Greece from November 26 to 29 for a working visit, during which he will hold talks with Prime Minister Costas Karamanlis. President Papadopoulos arrives in Athens on November 26 and on the same day he will attend an event in honour of Kyriacos Matsis, who fought and fell
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The Cyprus Stock Exchange announced the suspension of trading of the warrants 2003/2007 (HBEw) of “Hellenic Bank Public Company Ltd†from November 23, 2007 to November 28, 2007 (inclusive), that is, until the clearing of all transactions in view of the expiry of warrants. Their delisting from the OASIS trading system will take place on
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Cyprus Communications and Works Minister Maria Malahtou Pamballi leaves Saturday for London to attend the 25th Assembly of the International Maritime Organization (IMO) meeting from 19 to 30 November. The Assembly normally meets once every two years in regular session. It is responsible for approving the work programme, voting the budget and determining the financial
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Vienna Insurance Group expanded its involvement in the Ukrainian insurance market, continuing its expansion course in Central and Eastern Europe.TBIH Financial Services Group N.V., in which Wiener Stadtische Versicherung AG Vienna Insurance Group has a majority shareholding, signed a contract for the acquisition of 62% of the stated share capital of Ukrainska Strakhova Grupa (Ukrainian
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Capital Intelligence (CI), the international rating agency, has raised Hong Kong’s long-term foreign currency rating to ‘AA’ from ‘A+’ and its short-term foreign currency rating to ‘A1+’ from ‘A1’. The outlook on the ratings is stable. The adjustment reflects the continued improvement in the government’s balance sheet and CI’s expectation that the gap between the
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The Motorola Foundation announced the recipients of its Innovation Generation Grants, a $3.5 mln initiative to inspire young people to embrace science, technology, engineering and math (STEM). The 2007 Innovation Generation Grants support 106 breakthrough programs that use innovative approaches to develop interest in technology-related fields while strengthening leadership and problem-solving skills. The grants target
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Growth in revenue from tourism continued to outpace the number of arrivals in September. The Statistical Service Cystat has announced that on the basis of the results of the Passenger Survey, revenue from tourism reached CYP 154.0 mln (EUR 263.0 mln) in September 2007, compared with CYP 140.9 mln (EUR 240.8 mln) in the corresponding
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