The European Commission has fined the Dutch brewers Heineken, Grolsch and Bavaria a total of €273 783 000 for operating a cartel on the beer market in The Netherlands, in clear violation of EC Treaty rules that outlaw restrictive business practices (Article 81). The Commission’s decision names the Heineken group, Grolsch and Bavaria, together with the InBev
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With the adoption of its Green Paper today, the Commission is launching an open public consultation on the Regulation regarding public access to European Parliament, Council and Commission documents (Regulation 1049/2001). This consultation marks a further step in the drive towards more openness, triggered by the European Transparency Initiative, which was launched by the Commission
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Cyprus businesses, non-governmental organisations, research centres and other institutions are rushing to secure access to billions of euros made available under the EU’s 2007-2013 funding assistance programmes. Until recently, the process of getting access to EU funds was seen as very difficult and expensive, but that has changed thanks to the European Institute of Cyprus
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By Michael S. Olympios Chief Consultant Allied Business Consultants  As annual reports cue to the printing houses investors and analysts await to read them. Not because they want to read the audit report – they have already read it – but because they want to see how companies are responding to the new corporate
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Professor Andrew Chambers, a leading expert in corporate governance in the UK, is the main speaker at a conference in Larnaca next week on “Corporate Governance and Financial Markets in Europe†organized by Allied Business Consultants. In an interview with the Financial Mirror, Prof. Chambers expressed his views on some of the challenges facing corporate
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The Cyprus MBA Association, the Business Managers’ Association (KEADE) and the Employers and Industrialists Federation (OEV) are jointly organizing a seminar on “Mergers and Acquisitions: Challenges and Risks†to be held on Thursday, April 26, at the Hilton Cyprus in Nicosia at 10am. The purpose of the seminar is to inform business executives on the
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The Mayor Morphou Charalambos Pittas said that the puppet regime in the Turkish occupied areas of Cyprus is bringing settlers to the occupied town of Morphou, in an effort to reap political gains. Speaking at the Parliamentary Committee for Refugees, Pittas said that the occupation regime is using tricks and blackmail techniques, allocating land and
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With the aim of being ready in 2012 when Cyprus will hold the presidency of the EU, works will start to erect the Cyprus Cultural Centre, the architectural proposal of which was presented on Wednesday at the Cyprus Cultural Foundation offices. Speaking during a press conference, chairman of the foundation Kikis N. Lazarides announced that
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The government is willing to examine the possibility to move parts of a waste disposal plant, responding to proposals by the representatives of the village of Lympia and the Union of Communities. On Tuesday, Lympia residents blocked the Nicosia-Larnaca motorway in both directions, threw rocks onto the motorway and set fire to tyres and cars,
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Pandalabs has discovered ImageAccesActiveXObject, a new example of adware that poses as an ActiveX control allowing users to view erotic pictures. The adware reaches computers in the following way: when users visit certain web pages, a window opens offering erotic pictures. If the user agrees, another window informs that an ActiveX has to be installed
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