Nicosia Mayor Eleni Mavrou has expressed disappointment over statements by the so-called mayor of Turkish occupied Nicosia Cemal Bulutoglulari, with regard to joint projects that affect the capital. Bulutoglulari said it was not possible for the Turkish Cypriots to proceed with the implementation of joint projects with the Greek Cypriots, after Mavrou’s decision not to
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The European Parliament Committee on Culture and Education heard a series of proposals on Wednesday for the protection of the cultural heritage of Cyprus, at the initiative of the Committee’s Chairman Nicos Sifounakis. The idea for Wednesday’s public hearing came after a visit of a Committee delegation to Cyprus in June 2006, during which the
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Cypriot Minister of Foreign Affairs George Lillikas wrapped up a visit to Moscow on Wednesday with a speech at a briefing on the exploitation of hydrocarbon deposits in the island’s exclusive economic zone.Welcoming at the Cypriot Embassy in Moscow the representatives of 25 Russian energy and hydrocarbon exploitation companies, Lillikas said ”the government of the
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The Board of Directors of Aqua Sol Hotels Pcl (AQS) announced that, on April 11 2007, it exercised the option for purchasing the units AKTEON and ELENI for the total amount of CYP10.7 mln or EUR18.5 mln. This action is in accordance with the group’s strategy for maintaining its profitable units in order to be
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The Cyprus Securities and Exchange Commission approved Hellenic Bank’s Supplementary Prospectus to issue up to CYP 12 mln 2016 Debentures (HBDF) with maturity date 1 July 2016. The issue date of the third Series of the 2016 Debentures is set on 27 April 2007. The 2016 Debentures will carry a variable interest rate of 80
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As much as 57% of the malware in circulation reports received by PandaLabs in the last few hours have concerned Cimuz.EL. This malicious code reaches computers in stages. Firstly, a computer is infected with a part of the code that operates as a downloader. This then downloads the rest of the trojan’s components, which in turn are responsible
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During Ericsson’s annual general meeting in Stockholm, President and CEO Carl-Henric Svanberg said that TV will be the main driver in the transformation of telecommunications networks, both in terms of capacity and quality. Svanberg highlighted that multimedia applications -especially TV- IP networks and broadband access are the main trends within the telecommunications industry, and that
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Michalis Louis, one of the top ranking and respected executives of Marfin Popular Bank has tendered in his resignation from the Group that he has served for 20 years to assume command of Euorbank operations in Cyprus. Louis tendered in his resignation from the Marfin Popular Bank board and as Chairman of Laiki Investments Pcl
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On the basis of the results of the Passenger Survey, revenue from tourism reached CYP 22.6 mln in February 2007 compared with CYP 23.1 mln in the corresponding month of the previous year, recording a decrease of 2.2%. For the period January-February 2007 revenue from tourism is estimated at CYP 42.2 mln, compared with CYP
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The trade deficit for Cyprus widened CYP 193 mln in February 2007 compared with CYP 181 mln in February 2006, based on preliminary results. For the first two months as a whole, the trade deficit widened to CYP 395 mln, compared with CYP 369 mln in the same period of 2006. If the trend continues,
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