Ericsson announced a new hosting agreement to provide real-time charging services for AT&T’s popular GoPhone wireless pre-paid service in the US and Puerto Rico. GoPhone has been hosted on Ericsson’s convergent real-time charging system for the past several years and this new contract adds a further three-and-a-half years. As the leading alternative payment service in
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The future of mergers and acquisitions in Cyprus is in jeopardy because of the inability of people or companies successfully acquiring in excess of 90% of the capital of a target company to delist it from the Exchange since the “squeeze out†rules cannot be implemented. As a result of the passage of the new
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— Lower trading fees to be matched by higher Central Registry fees  The Cyprus Stock Exchange (CSE) has embarked on a new round of negotiations with its members and listed companies before the announcement and implementation of its new pricing policy, which aims to compete head on with the competition from other exchanges, including
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Further drilling in Slovakia by Cyprus-based EMED Mining Public Limited have extended the zone of mineralization at its Biely Vrch Prospect to an estimated 50 million tonnes with a grade range of 0.2g/t to 1.9g/t gold, typically 0.8g/t to 1.1g/t gold, and containing approximately 1.2 mln ounces of gold based on these preliminary estimations. The
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Anglo-Saxon investment banks and opportunity funds are in the process of substantially deepening their commitments in Germany. The US investment bank Morgan Stanley has evolved, within a short period of time, into the by far largest real estate investor in Germany. According to James Lapushner, head of the bank’s real estate investment business in Germany,
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Lufthansa German Airlines announced it will introduce a new regular flight between Larnaca and Munich next Spring. Starting on March 14, the route will be served three times weekly and will take off from Larnaca on Thursdays, Saturdays and Sundays at 3.25 a.m., arriving at 6.00 a.m. at Munich International Airport to connect to nearly
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George M Psaras, a member of Round Table Cyprus for the past 16 years, was elected Vice President of Round Table International and will be taking over as President of the global organization in August 2008. Round Table was established in Norwich, England on March 14, 1927. Its aims and objectives concentrate on community service
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By Thassos Katsourides General Manager, Association of Cyprus Travel Agents (ACTA) Â The problems faced by Cyprus Tourism are well known to all as a result of the frequent references to such problems in the media. Problems in this sector also affect all the other sectors of the economy since tourism contributed 12.40% to the
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CORPORATE GOVERNANCE: By Michael S. Olympios Chief Consultant, Allied Business Consultants  It is not surprising that few if any boards fail to respond to external pressures for change. For one thing, the pressure is hardly felt but in reality boards in Cyprus are not exploring changes that will make management more effective. It is
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Dubai Financial Group (DFG), the financial holding company for Dubai Group will increase its stake in Marfin Popular Bank (MPB) up to 30% and in Marfin Investment Group (MIG) up to 20% over time. Dubai Financial Group has purchased on Wednesday 19,832,865 shares of MPB at the price of EUR12 per share from the founder
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