SFS Group Public Company Ltd announced that the results for the first nine months of 2007 are expected to show an improvement compared to the corresponding results of 2006, since the Group’s profits in the first half of 2007 have already exceeded the profits of the full year 2006. This improvement is attributable to the
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Citigroup is downgrading Greek Postal Savings Bank SA to hold (2H) and reducing its target price to EUR15.0 per share from EUR17.0 before. Citi analysts are removing the EUR2 take-out premium previously included in the target price, in order to take into account the uncertainty over the bank’s future ownership. Going forward, Citi expect the
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Contributions to the 18th Radiomarathon, a two-day annual fund-raising charity event, have reached CYP950.000 (1.626.712 euro) so far. The 48-hour event in aid of children with special needs began this morning and will close at Tuesday midnight. This is the 18th time in a row Radiomarathon is organized by the Cyprus Broadcasting Corporation (CYBC) and
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Honorary President of the Social Democrats Movement EDEK, Vasos Lyssarides in his capacity as presidential envoy for talks regarding the illegal sea routes between Latakia, Syria, and the Turkish occupied port of Famagusta, expressed conviction that the issue will be settled soon. Today, Lyssarides was received by Cypriot President Tassos Papadopoulos and submitted a report
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Cypriot Minister of Education and Culture Akis Cleanthous has condemned the destruction of the historical monuments in the Turkish occupied areas of Cyprus. Speaking at the 34rth General Conference of UNESCO, in Paris, Cleanthous said that “today, due to the military occupation, our government does not have access to these sites and monuments, leaving them
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The price index of construction materials for September 2007 reached 140.76 (base 2000 = 100.00), recording an increase of 0.18% over the previous month according to the Statistical Service Cystat. For the period January-September 2007, the index recorded an increase of 5.15% over the corresponding period of the previous year. The strongest rise in this
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Revenue from tourism reached CYP 179.1 mln (EUR 306.0 mln) in August 2007, compared with CYP 155.0 mln (EUR 264.8 mln) in the corresponding month of the previous year, recording an increase of 15.5%. For the period January-August 2007 revenue from tourism is estimated at CYP 743.1 mln (EUR 1,269.6 mln), compared with CYP 697.2
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The Board of Directors of Laser Investments Group Plc announced that the Extraordinary General Meeting that took place on Friday, October 19, 2007 at the Company’s Head Office examined and approved unanimously the resolution allowing the company to expand its sphere of activities and seek to be released from the investment restrictions.The EGM also approved
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The Cyprus Social Insurance Fund reported that its total assets as at end of June 2007 increased by CYP 107.75 mln or EUR 184 mln to CYP 3.2 bln (EUR 5.5 bln) compared to CYP 3.09 bln end of December 2006 for a 3.5% return. SIF Director Theophanis Tryphonos told the House that the bulk
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Nokia Siemens Networks has signed its inaugural fixed network deal for an international gateway solution with DTAC Network, a wholly owned subsidiary of Thailand’s second largest mobile operator with 15 mln customers. This contract extends Nokia Siemens Networks’ footprint in DTAC as its sole supplier for both wireless and fixed equipment. Nokia Siemens Networks is
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