Ericsson expects sales of SEK 43.5 bln, an operating income of SEK 5.6 bln and a cash flow of SEK -1.6 bln for the third quarter 2007. This is below current market expectations and primarily a result of an unexpected shift in the business mix, a company announcement said. “The unexpected development in the quarter
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Nokia announced the shipping start of the N95 8GB multimedia computer for which it has teamed up with Sony Pictures Entertainment (SPE) to offer a unit which comes pre-loaded with the full-length feature film in Europe and selected countries in Middle East and Africa region. The movie sees Spider-Man’s suit turn jet-black and enhance his
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The Hellenic Bank’s online fixed-term deposit account just got better, with the Net Fixed scheme offering a range of 3,35 to 4,00% interest for short and medium-term deposits from under CYP 5,000 to over CYP 100,000. The Net Fixed is available immediately to all NetBanking customers who can simply transfer amounts from any available balance
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Marfin Popular Bank Public Company Ltd (CPB) announced that it has reached an agreement for the acquisition of 43% of Lombard Bank Malta PLC (LBM) for EUR48.3 mln. The finalization of the agreement is subject to the approval of the relevant authorities in Cyprus and Malta. LBM was established in 1969, is the third largest
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The board of directors of D.H. Cyprotels Plc. will meet on 30 October 2007 at its offices in Limassol, to consider the transfer of the Company from the Parallel to Alternative Market as well as on whether to continue to adopt the Code of the Corporate Governance.
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Greek Interior Minister Prokopis Pavlopoulos and Cyprus Justice and Public Order Minister Sophoclis Sophocleous have initialed a Memorandum of Cooperation on Police issues. During a meeting they had here Monday, the two Ministers discussed cooperation between Greece and Cyprus on issues of public order and equality between women and men. The Memorandum will be signed
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Honorary President of the Social Democrats Movement EDEK Vassos Lyssarides will be flying to Damascus on October 20 as an envoy of President of the Republic Tassos Papadopoulos, for talks regarding the illegal sea routes between Latakia, Syria, and the Turkish occupied port of Famagusta.”If everything goes well, I will be in Damascus on October
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Renos Hadjiioannou Farm Public Company Ltd informed its shareholders and the investing public that it has applied to the CSE authorities for its transfer to the Alternative Market, since there are no longer reasons to continue trading in the Special Category.
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Hellenic Bank announced that it has secured the approval of the Central Bank of Ukraine for the opening of a Representative Office in Kiev. Hellenic Bank CEO, Makis Keravnos, referred to the issue during the press conference for the publication of the bank’s six-month results and its revised targets of the Three-Year Strategic Plan 2007
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Coordination of audit work within the European Union is the focus of the 16th annual meeting of European Financial Control Authorities of structural and cohesion funds, currently underway in Cyprus.Addressing the meeting, Minister of Communications and Works Maria Malachtou Pampalli has said that ”the Control Authorities of the member states have indeed a vital role
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