… CTC-ARI new rising star Cyprus Trading Corporation Public Ltd., mostly known for its retail and distribution activities, has become a major investor in a number of key sectors. This activity of the organisation has significant weight and it involves its investment in Hermes Airports Ltd, the consortium that has undertaken to build and operate
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…Greek investors chase Cyprus banks, companies Mergers and acquisitions involving Cypriot companies reached a record CYP 1.69 bln, or EUR 2.94 bln in 2006 amid an unprecedented wave of intense activity in the banking sector, with Greek investors dominating the scene as they chased undervalued Cypriot banks, manufacturing and investment companies. A total of 48
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…calls on Marfin to prove its case by Wednesday  The Cyprus Securities & Exchange Commission has ruled that the intention by Marfin Popular Bank to submit takeover bids seeking control of Bank of Cyprus and Piraeus Bank is illegal and in violation of Cyprus securities laws, in view of the fact that the SEC
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Cypriot Foreign Minister George Lillikas has said that the Turkish Cypriot side has to demonstrate the necessary good will that would lead to the lifting of those obstacles, concerning security matters, that do not allow the opening of the Ledra Street crossing point. “We are in constant contact with the United Nations. We have asked
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Output of construction slipped year on year in the third quarter of 2006, recording a decline of 1.1% compared with the same period of 2005. However, for the first three quarters of the year, output was up by 3.7% compared with the same period of 2005. Buildings rose by 2.6% and civil engineering projects rose
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As part of its campaign ‘Help – for a life without tobacco’, the European Commission presented a new anti-smoking advert which will air from 15 January on 80 television channels in 22 languages across all 27 EU Member States. The new advertising campaign focuses on the negative health effects of passive smoking. The clip depicts
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Cypriot tennis player Marcos Baghdatis won his opening match at the Australian Open, beating German Rainer Schuettler 3-1 set.Last year’s Australian Open finalist Marcos Baghdatis, 11th seed, eliminated the 2003 finalist Rainer Schuettler, 6-4, 2-6, 6-3, 6-2.In the second round, he will play either Frenchman Gael  Monfils or Daniele Bracciali.
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Following the success of the first “Pan Arab Web Awards” in 2006, Business Software Alliance (BSA) and the Pan Arab Web Awards Committee have announced the third edition of the annual awards. The “Pan Arab Web Awards 2007” will be open for participation from today till January 31, 2007. The “Pan Arab Web Awards” is
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Alexis Galanos, the Mayor of the Turkish-occupied town of Famagusta, has expressed disappointment over recent statements made by EU Commissioner for Enlargement Olli Rehn.The EU Commissioner had said that the return of Varosha, modern town of Famagusta, to its legal inhabitants constitutes a separate issue from the negotiations on direct trade between the EU and
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Cyprus Foreign Minister George Lillikas will be traveling to Lebanon in the following days to sign an agreement for the determination of the exclusive economic zones between the two eastern Mediterranean countries.This was confirmed here today by Cyprus Minister of Commerce, Industry and Tourism Antonis Michaelides, who said the Exclusive Economic Zone of Cyprus must
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