Consumers in the European Union have been paying up to 60% less for using their mobile phone abroad since this summer. The transition to the Eurotarrif by Europe’s mobile phone operators is proceeding according to plan. This is the result of a study carried out by the 27 national telecom regulators – united in the
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Marfin CLR is the name of the new entity to emerge from the merger of the operations of Laiki Investments (LI) and CLR Capital (CLR) in a ratio of 70:30 through a full share swap. Marfin Popular Bank is expected to have a 50% plus one share stake in the new entity, which will seek
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The government of Cyprus expressed its readiness on Thursday for a new meeting to take place between President of the Republic Tassos Papadopoulos and Turkish Cypriot leader Mehmet Ali Talat, with the aim to implement the July 8 Agreement.Speaking to journalists after the cabinet meeting, Government Spokesman Vasilis Palmas said the position of the UN,
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Andreas Constantinou announced that the public offer for the acquisition of a minimum 50% plus 1 share and a maximum 100% of the issued share capital of Constantinou Bros Hotels Public Company Ltd expired successfully on October 2, 2007. The total rate of acceptance by the shareholders of CBH stood at 51.9% since the acceptances
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Kronos Press Agency Public Company Ltd announced that it has reached an agreement for the sale of the stake of 29% that it holds in Mitsios Trading Ltd against the sum of CYP200,000, which will result in a loss of CYP 3.583 in its books.
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Laser Investments Public Limited announced that the CSE Council in agreement with the Securities and Exchange Commission approved the Company’s application for the expansion of its activities and its release from the investment restrictions. The Company will hold an Extraordinary General Meeting on October 19, 2007 to approve the special resolution on the release. The
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The Statistical Service has announced that it has published the annual report “Industrial Statistics 2006â€, which provides detailed statistical data on developments in the broad industrial sector covering manufacturing, mining and quarrying and electricity and water. The major developments within each sector during 2006 were as follows.  Mining and Quarrying  The mining and
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In its annual report on the Metropolitan Municipality of Istanbul (MMI), Moody’s Investors Service says the city’s Ba3 issuer rating with stable outlook is based on its continuing sound fiscal management, reflected by strong gross operating margins over time and good financial flexibility. The rating also reflects the moderate — albeit growing — debt burden
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Nokia Siemens Networks and Moscow City Telephone Network (MGTS) have signed a contract for delivery of broadband access equipment (DSLAM) to expand MGTS packet transmission network Under the contract Nokia Siemens Networks will supply DSLAM equipment of 400,000 ports capacity to MGTS. The DSLAM equipment provides access for subscribers to MGTS’ packet transmission network. The
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Ericsson and Svenska UMTS Nät AB (jointly owned by TeliaSonera and Tele2) have signed a contract for a nationwide rollout of mobile broadband in Sweden. TeliaSonera and Tele2 will offer their customers enhanced mobile broadband services with speed up to 7.2 Mbps. The network is already prepared for 14.4 Mbps. The rollout has already started,
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