Stores to stay in Cyprus and Greece? Â Habitat UK Ltd has set up a dedicated email for customers in Cyprus, following the closure of the Cyprus store early this week and three stores in Greece last week as the franchise-holder ran into financial difficulties. In a Corporate Statement entitled “Habitat’s Franchise relationship in Greece
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With only ten days to go before Slovenia adopts the euro, the final practical changeover preparations are well under way and everybody, from the banks to the retail sector and consumers themselves, seems to be ready. Commercial banks and retailers have received, or are about to, euro banknotes and coins and since last week households
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The Board of Directors of CAC Papantoniou (PAPA) having reviewed the Group’s activities came to the conclusion that the financial results for 2006 are expected to show improvement compared to the corresponding results of 2005. This improvement is attributable to the increase in the turnover, the increase in the gross margin of profit and the
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JP Morgan has revised higher its price target on Bank of Cyprus Pcl (BOCY) shares from EUR 13 to EUR 14, but notes that there are increasing risks as regards a lower than expected growth in lending, geopolitical issues concerning the region. JP Morgan analysts also note that there is a risk that the planned
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European Health and Consumer Protection Commissioner Markos Kyprianou reached an agreement in principle with Russian Agriculture Minister Alexei Gordeyev to secure the continuation of EU exports of animal products to Russia after the accession of Bulgaria and Romania on 1 January 2007. The verbal agreement remains subject to finalisation by experts with a view to
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PrimeTel announces that after a significant carriage agreement, the Sky News channel is now broadcast on its platform, which in total features over 100 channels. Sky News is one of Europe’s leading 24-hour news channels and the first of its kind in the United Kingdom. Sky News is available to PrimeTel subscribers and it is
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Bank of Cyprus Board of Directors were meeting behind doors today after receiving the proposal made by Piraeus Bank. A statement by BOCY said the Board is studying the package without elaborating further.
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(or 11.5 mln euros, if you don’t mind) Â Punters in Cyprus have a one-in-ten chance to win the CYP 6.66 mln (EUR 11.5 mln) in prize money accumulated in the OPAP lucky game, Joker, which has not had a winner in four draws. There was no winner on Sunday and the winnings of CYP
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Habitat, the premium furniture store in Nicosia that is part of the Greek-operated franchise, has closed down despite overall retail sales of furniture doing very well, according to recent government statistics. A sign in the store window in Nicosia says it is closed “until further notice”. Customers expecting a delivery before Christmas have found that
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The sharp decline in the USD despite stronger US data and continued hawkish comments from Fed officials highlights how USD sentiment has turned bearish once again. Despite the strong readings of US PPI and housing starts and the Fed’s Fisher warning that the risks of unacceptably high inflation outweighs growth risks, EURUSD has broken sharply
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