By Andreas Petrou Cyprus International Institute of Management  The recent developments in Cyprus banking are driven to a large extent by the banks’ desire to grow through further internationalization in the region. This article addresses the issue of internationalization for the Cypriot banks and suggests actions for increasing their capabilities in this area, given
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By Dr. Jim Leontiades Cyprus International Institute of Management  Compared to the major European countries Cyprus has little in the way of the usual class divisions. We have no hereditary aristocracy. Still less is there the sort of class struggle between a privileged capitalist class and workers as predicted by Karl Marx. Nevertheless, in
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Written by Scott C. Linn and Jeannette A. Switzer Summarized by George S. Mellman, CFA Edited by Constantinos Papanastasiou, CFA President CFA Society of Cyprus  The authors examine the relationship between changes in post-acquisition operating income and the bidder’s use of cash or equity in the acquisition offer. They study accounting information for more
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— PwC survey finds challenges and opportunities  PricewaterhouseCoopers Cyprus has published the results of a recent survey of 1,000 family businesses in Europe, including 40 in Cyprus, where the main issues of concern for company executives and owners are cash flow, cost efficiencies, succession and reinvestment. The report, entitled “Family Business Report – Cyprus
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— 73% not interested in doing business abroad  Nearly two thirds of Cypriot businesses do not want to expand overseas and of those who do, more than half want to embark in safe trade, avoiding adventures into high-risk investments and challenges, a corporate survey has found. In a telephone poll of 2,000 business executives
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Exciting plans underway for Spidernet  PrimeTel, the alternative telecommunications provider offering its Triple Play service of telephony, Internet and television, is preparing the ground to become a public company in anticipation of a flotation on the Cyprus Stock Exchange. Hermes Stephanou, the Managing Director of PrimeTel, said the final decision will also depend on
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The European Commission is investigating cross-border ecommerce restrictions applied by Apple against its European iTunes user base. The news follows last week’s revelation that EMI Group is to remove DRM copy protection from its online music portfolio through download outlets such as Apple’s iTunes Store. The inability of EU-based iTunes users to purchase online music
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PrimeTel, the alternative telecommunications provider offering its Triple Play service of telephony, Internet and television announced that the number of its subscribers now exceed 5.000. “The public’s major response, and the unique service packages that PrimeTel offers, have established the company as the most significant alternative broadband service provider in the Cypriot market,†said Mr
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The Sea Diamond, which was evacuated Thursday afternoon after the vessel struck rocks has sank off the Greek holiday island of Santorini on Friday. The Sea Diamond sank shortly before 7 a.m. (0400GMT), 15 hours after the accident occurred and the ship began listing and taking on water. About 1150 passengers and 300 crew had
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With the Trust Portable Sound Station for iPod SP-2986Bi, you can now enjoy your favourite iPod music in style wherever you are, because it also runs on batteries. Despite its small size, the Sound Station has an output of 10 Watt RMS and 3D Sound. It also acts as a docking station for an iPod,
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