— Second successful launch following Sofia Fund  Lewis Charles, the UK-based securities firm set up by the Cypriot duo Stavros Loizou and Andy Charalambous has scored a new success following the launch and listing of a new property fund specializing in Romania, following the successful operation of its Bulgarian property fund. Lewis Charles Romania
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— Y’ello claims 16% market share  Just as people started getting used to the Areeba brand, the private mobile phone operator is changing its name to MTN to bring it in line with the products and services widely used by the parent company in 21 countries in Africa and the Middle East. Apart from
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In its annual report on Finland, Moody’s Investors Service says that the country’s top Aaa ratings reflect the government’s strong fiscal position and its commitment to prepare for the challenge of population ageing, which is happening earlier in Finland than in any other EU member state. “Finland‘s new government has continued the tradition of prudent
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EMED Mining Public Ltd. reported its unaudited interim results for the half-year ended June 30 showing a loss of GBP 3.2 mln due to exploration costs of GBP 1.2 mln, GBP 1.1 mln for an option over the Proyecto de Rio Tinto copper mine and processing plant in Spain and a net operating expenditure of
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A global leader in WiMAX solutions, Motorola Inc. announced it will be showcasing its mobile WiMAX chipset modem solution at WiMAX World USA. The chipset is part of Motorola’s new “controlled application centric architecture” that will efficiently support 3G and 4G mobile devices. Uniquely designed to deliver ultra-high-speed functionality through thin devices, this WiMAX chipset
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The International Organisation of Employers (IOE) welcomed the launch of the 2008 Doing Business report on behalf of employers worldwide at an event organized in New York by IOE member the United States Council for International Business. “Employers congratulate the World Bank and the Doing Business team for creating a reform movement that has already
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CORPORATE GOVERNANCE COMMENT: By Michael Olympios  Ever since the collapse of Enron, WorldCom, and many more well-known and lesser-known companies, investors have been paying more attention to corporate governance than at any other time in history. The enactment of the Sarbanes-Oxley Act in 2002 was long due by many proponents of good governance like
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Finance Minister Michael Sarris will present the world’s first management art book ‘The Art of Innovation: Integrating Creativity in Organizations’ on Friday at 7.30pm at the Journalists’ House in Nicosia. There will be short presentations from the author Dimis Michaelides, the artist Umit Inatci and Constantinos Markides, Professor at the London Business School. The paintings
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The world of online music stores is growing rapidly as Amazon.com  has started testing a digital-music download service to compete with Apple’s iTunes, while another iPod killer, SpiralFrog plans to offer free downloads of millions of tracks, legally. The Amazon MP3 store will allow shoppers to buy and download individual songs or entire albums that
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The industrial production index in Cyprus rose by 7.4% over the same month of 2006 in July, to reach 132.4 (Base 2000=100). For the period January-July 2007 the index recorded an increase of 3.5% compared to the same period of the previous year. This compares with industrial production growth of only 0.8% in 2006. The
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