According to the statistical model developed by the School of Business of the University of Nicosia (formerly Intercollege) Macroeconomic Forecasting Group, Cyprus gross domestic product (GDP) in the third and fourth quarters of 2007 will reach CYP 2.21 bln (€3.78 bln) and CYP 2.20 bln (€3.76 bln), respectively. GDP is expected to reach CYP 8.56
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Opposition leader Nicos Anastassiades threw down the gauntlet in the run-up to the 2008 presidential elections, charging that President Tassos Papadopoulos’ law firm had a vested interest in the LNG floating terminal that the government is desperate to push through. Calling the affair the ‘scandal of the century’, presidential supporters have lashed back at Anastassiades,
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Finance Minister Michalis Sarris has submitted to the House of Representatives the state budget for 2008 which provides for revenues of CYP 3,3 bln (EUR 5,64 bln) and expenditure of CYP 3,8 bln (EUR 6,5 bln). He handed over the state budget, which is the last to be presented in Cyprus pounds before the country
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Cyprus Airways pilots went on an impromptu work stoppage at Larnaca airport Friday afternoon to protest the abrupt indefinite suspension by the national carrier of a colleague. In statements to CNA, the press spokesman for the pilots’ union PASIPY, George Charalambous, said that the work stoppage, from 1400 to 2000 (1100-1700 GMT), was decided after
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The European Commission has presented proposals for “Communicating Europe in Partnership” that include an agreement on communication priorities with other EU institutions and voluntary management partnerships with member states. Margot Wallström, Vice-President of the European Commission responsible for Institutional Relations and Communication Strategy, said: “The person in the street does not know or care about
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The Lisbon Strategy for Growth and Jobs is the necessary backbone for the European response to globalisation while further deepening the way to create the wealth that can give practical meaning to core European values of social inclusion and of European and international solidarity. Furthermore, increasing the EU’s adaptability to provide for the sustainable well-being
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Ericsson will supply an HSPA-enabled network, including WCDMA radio access equipment, all-IP core and transmission to government-owned Bhutan Telecom in the south east Asian kingdom. Ericsson will also be responsible for network design, deployment and integration of BTL’s existing GSM network. Rollout will begin in November, starting in the towns of Thimpu and Paro before
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Imagine someone getting access to your computer, encrypting all your family photos and other priceless files, and then demanding a ransom for their safe return. That is what ransomware is all about, according to a report from the BullGuard Newsletter. Ransomware is a type of malware used for data kidnapping and it takes your data
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In the last month, trojans were once again the most active type of malicious code, according to data compiled from the Panda ActiveScan online antivirus. Specifically, they were responsible for 25.94% of infections. Close behind in second place came adware, -software designed to display advertising on computers. This type of malware was the culprit in
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Moody’s Investors Service has affirmed the ratings of Oman-based Bank Muscat (BM), following the announcement that Dubai Financial Group (DFG) will take a 15% stake in the bank. The domestic and foreign currency long- and short-term ratings, as well as the senior unsecured rating remain unchanged, while the Bank Financial Strength Rating is affirmed at
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