by Katerina Nicolaou Nicosia (CNA) -– She is someone very vulnerable, coming from a small village of a country, in which the economical situation is really bad. She has no opportunity to work, she didn’t even go to school. No hope and no future.She only wants to help her family. So there is an ad
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Cyprus commemorated Friday those killed during the two World Wars, in a ceremony held at the War Memorial in Nicosia, to mark November 11, which is Remembrance Day. In his address at the ceremony, President Papadopoulos said that “our small country Cyprus has made its own contribution to this global mobilisation to protect freedom and
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Stockbreeders, whose livestock had to be killed due to the Foot and Mouth Disease outbreak in Cyprus, received financial compensation. Minister of Finance Michalis Sarris said state finances are sound and can shoulder the burden.Sarris expressed hope that the Foot and Mouth Disease will be restricted but noted that in case the disease spreads, “the
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The Lesvos Shipping Company holding 2,000 shares in Sea Star Capital Plc (SEAS) has called on the Cyprus SEC to help it force the company to provide details to many questions regarding past activities and future prospects. A Sea Star representative told the Financial Mirror that the charges have been refuted through an announcement submitted
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Mobile operator Telenor is upgrading its existing WCDMA 3G network in Norway with High Speed Downlink Packet Access (HSDPA) technology from Nokia Siemens Networks. With HSDPA, data can be transmitted through the mobile network at speeds up to 14 megabits per second. The initial upgrade at Telenor is supporting up to 3.6 megabits per second.
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Ericsson has been chosen by Israeli operator Pelephone to deliver a new WCDMA/HSPA network migrating from an existing CDMA network. The new countrywide network will include the latest cutting edge technology from Ericsson for mobile broadband. Pelephone, an Israeli mobile operator with more than 2.5 mln subscribers, will offer its customers nationwide coverage with the
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The Bank of New Zealand has selected the R5 Visual Intelligence management software and networked video systems from March Networks, a leading provider of intelligent IP video and business analysis applications, for more than 170 retail banking branches throughout New Zealand. Approximately 80 units have already been installed and the rollout is expected to be
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Moody’s global speculative-grade default rate continued to fall in October, ending the month at 1.1%, down from 1.3% in September, Moody’s Investors Service reported. The global default rate is at its lowest level since March 1995 when it stood just below 1.1%. It has now declined approximately 33% from the 1.7% level that it was
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The six member states of the Gulf Cooperation Council — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates — have enjoyed an unprecedented economic boom over the past five years. Reflecting their enhanced creditworthiness and ability to cope with potential shocks, they have received sovereign ratings upgrades from Moody’s Investors Service of between two
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The stable outlook and ratings for Latvian banks reflect their improving credit quality, their efforts to grow market share and their good profitability, Moody’s Investors Service says in its new Banking System Outlook report for Latvia. However, they also incorporate a number of challenges facing the banks, such as maintaining a good asset quality in
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