The number of registered unemployed fell over the year-earlier period in June, as the unemployed persons registered at the District Labour Offices on the last day of June 2007, reached 10,727 persons compared with 12,658 in June 2006. Compared with May 2007, the number was only slightly lower at 10,802. The main sectors recording a
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The EU-harmonised consumer price inflation rate (HICP) eased to 1.7% in June 2006, compared with a 1.9% increase in May and a 2.6% increase in June 2006. Compared with the previous month, the index was unchanged at 104.5. There was a large fall in the prices of food and non-alcoholic beverages, down by 2.8% over
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Cyprus Finance Minister Michalis Sarris has described the decision paving the way for the introduction of the Cyprus pound into the euro-zone as a historic day for Cyprus. The ECOFIN Council has endorsed the reportsby the European Commission and the European Central Bank for the entry ofCyprus and Malta into the euro-zone and the adoption
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…Malta also gets green light from Brussels  The European Union on Tuesday gave Cyprus and Malta final approval to start using the euro next year, taking to 15 the number of nations sharing the common currency. The finance ministers, meeting in Brussels, agreed that the two Mediterranean islands should adopt the currency as expected
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Aspis Holdings Public Co. Ltd has issued a massive positive revision to its forecasted profits for 2007. The company announced that first half profits for period ended June 2007 are expected to exceed EUR 10 mln. The improvement is due to a significant increase in business activity at all subsidiaries of the Aspis Group, including
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Cyprus Government Spokesman Vassilis Palmas said on Tuesday that the locking of the Cyprus pound with the euro reflected sound public finances and the robustness of the local economy. He said the locking of the exchange rate was the capstone of the sound fiscal policy followed consistently by the government over the past years and
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President Tassos Papadopoulos will seek re-election in next February’s presidential elections in Cyprus. This was revealed by Yiannakis Omerou, leader of the Social Democrats EDEK party, after a meeting at the Presidential Palace that marked the end of the three-party government coalition. President Papadopoulos elected President of the Cyprus Republic in February 2003 with the
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Sharelink Securities & Financial Services Research have upped its price target on the share price of Marfin Popular Bank to EUR 11 per share based on the information and guidance by MPB Management, and its view that the Group is able to achieve the promised profitability targets. For 2007, 2008 and 2009 Sharelink Research currently
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Western Digital Corporation and Komag, Inc. Announced they have entered into a definitive agreement for WD to acquire Komag for $32.25 in cash per share for a value of $1 bln. The acquisition of Komag, a leading media manufacturer, will further strengthen WD’s position as a highly-efficient hard drive maker by integrating media, one of
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27η Ï„Ïάπεζα στην ΕυÏώπη  Στις 500 μεγαλÏτεÏες εταιÏίες του κόσμου και ανάμεσα στους πιο ισχυÏοÏÏ‚ Ï„ÏαπεζικοÏÏ‚ ομίλους για το 2007, συγκαταλÎγεται η Εθνική ΤÏάπεζα, σÏμφωνα με την κατάταξη FT Global 500, που δημοσίευσε η οικονομική εφημεÏίδα Financial Times. Η κατάταξη FT Global 500 δημοσιοποιείται σε ετήσια βάση και πεÏιλαμβάνει τις 500 ισχυÏότεÏες εταιÏίες παγκοσμίως
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