Greek banks are racing ahead with plans to strengthen their presence in Cyprus with Eurobank and Piraeus already having secured Central Bank permits to start local operations, while Aspis Bank may also be interested if its holding group decides to dispose of its stake in Universal Bank. Other Greek banks may also decide to follow
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— Seeks CYP 100 mln (EUR 171 mln) investment in photovoltaic power  Significant stakes held by the Church of Cyprus in Hellenic bank and Vassiliko Cement Works, as well as the return on a major investment in photovoltaic power generation, will be used to establish a welfare fund for the clergy. Archbishop Chrysostomos II
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Dr Alejandro Toledo, former President of Peru, President of the Centre for Democracy and Development in Latin America and a Distinguished Fellow at Stanford University, was the first speaker to present a public lecture in the newly refurbished CIIM lecture hall. Dr Toledo’s lecture was entitled “The Enterprising Presidency: Mobilizing Business for Economic Growth and
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Ever wonder why tourists come to Cyprus? This is a dilemma facing many people on this island whenever they travel to nearby and often competing holiday destinations. First-half passenger statistics show an increase in the number of Cyprus residents traveling to Britain and Russia, but a drop of traffic to Greece. The rational explanation behind
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The Cyprus Chamber of Commerce and Industry (KEVE) in cooperation with companies in Cyprus and abroad offer a service that involves providing confidential business reports that can help companies in estimating the dangers that could unfold from future or even present business partners. These reports can include useful information including bad debts, maximum credit on
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More than 14 mln passengers from over 90 countries evaluated some 160 airlines worldwide for the “2007 World Airline Awards†between August 2006 and June 2007. The result saw Austrian Airlines taking first place in the worldwide comparison of business class catering. Since the middle of June, all passengers of the Austrian Airlines Group have
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Cyprus is joining the World Breastfeeding Week (WBW) awareness campaign that is spanning along 120 countries this week. The worldwide synchronized breastfeeding campaign aims at emphasizing the importance of breastfeeding for mother and child. In statements to the Cyprus News Agency, one of the coordinators in Cyprus and Head of the Akti Project and Research
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Panda Security launches its new 2007 Corporate solutions. Clients of Panda BusinesSecure with TruPrevent Technologies and EnterpriSecure with TruPrevent Technologies can automatically update to the new products for free. The new versions of the corporate products include powerful low-level scanning anti-rootkit technology with the most complete HIPS (Host Intrusion Prevention System) on the market for
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Epson has announced the Middle East launch of two high performance desktop projectors – the EMP-X5 and EMP-S5. The first features 2200 ANSI lumens of brightness and a XGA resolution of 1024 x 768, while the second has 2000 ANSI lumens and a SVGA resolution of 800 x 600 pixels. Both models offer the quality
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The EU-harmonised consumer price inflation rate rose in July to 2.3%, compared with 1.7% in July. Compared with the previous month, prices fell by 0.7%. The main fall was recorded in prices of clothing and footwear, down 13.2% compared with June owing to the summer sales, while furniture and household equipment fell by 2.1%. On
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