Oracle has released the results of a global Communications industry survey, conducted on its behalf, by the Economist Intelligence Unit, revealing that over 80% of industry executives believe that voice calls will no longer make-up the primary revenue source for communications carriers within six years. Furthermore, over half of the senior executives questioned believe this
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PandaLabs has reported the appearance of LdPinch.ZO, a new, dangerous trojan aimed at stealing users’ confidential data. This malicious code reaches systems attached to emails or hidden in Internet downloads. When run, it opens the Windows Explorer displaying pictures with sexual content. These pictures aim to distract the target user’s attention while the trojan is
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The island’s commercial banks continued to grab market share from the Cooperative Credit Societies in terms of both deposits and loans, while among the banks there was a shift in market preferences. In terms of loan growth, both Bank of Cyprus and Marfin Popular Bank maintained their robust growth of their lending portfolios, with BOCY
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The House Finance Committee has reviewed the current year’s operational budget for the Securities and Exchange Commission (SEC) and proposes that it be put to the House plenary session for approval. The SEC foresees a balanced budget of CYP 1,994,728 (EUR 3.43 mln), of which CYP 1,694,728 is the state’s contribution and CYP 300,000 from
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Ten of the leading chief executives of some of the best-known brands worldwide, such as Swatch, Nestle, Porsche and the St. Moritz Tourist Board will be the main speakers at the “Shaping the Future†international business conference to be held in Limassol on April 26-27. The conference is being organized by TotalServe Management Ltd., the
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BPW Cyprus and the European Parliament office in Nicosia hosted corporate trainer Ioannis Kalogerakis at the Hilton Cyprus who spoke on “Divergence in leadership – responsibilities of both sexesâ€, where two special awards were also handed to the Female Entrepreneur and Female Professional for 2006. Dr. Kalogerakis, the Managing Director of JMK Anthropocentric Corporate Training
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Members of the ruling coalition are living with the dream that as the state finances seem to be at healthy levels, they should dish out grants by the bucket-load in time for the next presidential elections less than a year from now, regardless if the state coffers can withstand any more pressure. What the coalition
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By Marinos G. Gialeli General Manager Hotel Employees Provident Fund  The provident and pension funds are waiting for the Ministry of Labour and Social Insurances to implement the Law passed by the House of Representatives on the 16th November 2006 in accordance with the European Directive 41/2003; as far as we know this Directive
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The Association for Cultural and Special Interest Tourism has embarked on a mission to promote rural Cyprus and alternative tourism services to the Germany market. The association’s president, George Michaelides, and executive director Christos Petsides were on hand at the Cyprus Tourism Organisation’s stand at the ITB tourism exhibition in Berlin to inform travel agents,
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The Board of Directors of Dementra Investments Public Ltd examined and approved the revised Corporate Governance Manual in view of the 2nd revised issue of the Corporate Governance Code. At the same meeting, the Board of Directors revised the composition of the Audit and Remunerations Committees. The new composition is as follows: Audit Committee: Chairman:
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