The Cyprus Stock Exchange (CSE) intends to align its fees with those of the Athens Stock Exchange as competition heats up among bourses vying for business and in anticipation of the launch of MiFID, which entails both challenges and opportunities. CSE Chairman George Koufaris told the Financial Mirror in an exclusive interview that the CSE
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Moody’s Investors Service, Standard & Poor’s and Fitch Ratings have upgraded various deposit and sovereign ratings for Cyprus following the EU’s final decision to allow Cyprus and Malta to adopt the euro on 1 January 2008. Moody’s upgraded the long-term foreign and local currency government bond ratings and the long-term country ceilings for foreign currency
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Lycos Europe N.V., one of the leading European portal providers and online advertisers, executed a new license agreement with Lycos, Inc. for a consideration of about USD 5.2 mln. This perpetual and royalty-free license includes the right to utilize the Lycos as well as the HOTBOT, TRIPOD and ANGELFIRE trademarks in all European countries and
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Trust has developed an entirely new range of advanced webcams. With new functions, such as autofocus and a powerful, integrated light, these webcams allow the user to get the most from chatting and videoconferencing. The Megapixel USB2 Auto Focus Webcam WB-6300R (www.trust.com/15279) is the top model in this range. This advanced webcam has an autofocus
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Hewitt has won a prestigious assignment from the European Union’s executive agency aiming to inform EU policy-makers about supplementary pension plans set up by employers in Europe. Hewitt is carrying out a study on behalf of the European Commission’s Directorate General for Employment regarding supplementary pensions provision in Europe. The study will report about national
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Just two weeks after the inferno that destroyed most of Saittas, another fire raged in the Kalavassos, further threatening the area near Mosphiloti-Pyrga. The flames, encouraged by the hot weather and strong winds, will stop at nothing and can destroy homes, villages, farms, vineyards, and many businesses, causing further havoc to the already-suffering rural economy.
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COMMENT: By Michael S. Olympios, Chief Consultant, Allied Business Consultants  The word kleptocracy – rule by thieves – once was used to describe corrupt leaders and dictators, was recently added to the vocabulary of corporate governance. Former Hollinger International Chairman and CEO Conrad Black was convicted last week in Chicago on three counts of
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By Demetris Vakis, Partner, KPMG Advisory Services  At last! The irrevocable exchange rate between the Cyprus Pound and the Euro has been fixed for the changeover. One Euro equals exactly 0,585274 Pounds! So, what next? Of course, the most evident of the requirements of the relevant law is the need for dual display of
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By Dr. Jim Leontiades, Cyprus International Institute of Management  Today’s investor faces a unique situation. Rarely have the world’s equity markets been so buoyant. Whether you look East or West, developed or emerging markets, the story is the same, a general upward movement in share prices that has few historical parallels. But wait, hasn’t
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Tourism arrivals in Cyprus rose for the first time for almost a year in June. On the basis of the results of the passengers’ survey, arrivals of tourists reached 282,465 in June 2007 compared with 280,164 in June 2006, recording an increase of 0.8%. This was the first year-on-year increase since July 2006. The tourism
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