Bank of Cyprus shares jumped above the EUR 10 level for the first time following a report that key members of the Board are meeting Friday, which among others will discuss the possibility of a bid from Piraeus Bank. Rumours speak of an increasing number of Cypriot large shareholders sending messages to the Bank that
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According to provisional figures, retail sales volumes accelerated in October, rising by 10.7% in October 2006 over October 2005, compared with a year-on-year increase of 9% in September. For the period January-October 2006 the Index is provisionally estimated to have an increase of 7.1% year on year, compared with 6.7% in January-September. Values have risen
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If a piece of music reminds you of a place and time and makes you want to connect with someone, you’re not alone. In a recent survey conducted by Nokia, there is a distinct relationship between people and the music they hear. The survey results, which formed the foundation for Nokia’s “Music Gets You Talking” advertising
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The new Trust 2.1 Sound Station for iPod SP-2994Wi is one of the first iPod speaker sets with an integrated subwoofer. It is a unique and innovative product with high sound quality that can also act as a docking station with charge functionality. Furthermore, it is possible to download files from a PC or notebook
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The European Commission has adopted a financing decision for a total of EUR197.55 mln to encourage the economic development of the Turkish Cypriot community. Â The financial assistance will focus on five objectives: Â Â Â 1) developing and restructuring of infrastructure; Â Â Â 2) promoting economic and social development; Â Â Â 3) fostering reconciliation, confidence building measures, and support
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by Maria Myles Brussels, Dec 15 (CNA) — The European Union presidency and Commission president stressed here today the need for candidate countries to meet their commitments, as these are set out by the Union, if they wish to join the EU. Finland, the current EU president, also said that opening negotiating chapters with Turkey
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Police in Limassol have arrested a man and a woman in connection with internet theft. According to investigators, the foreign woman had gone to a local bank and opened an account without depositing any money. A few days later, bank officials noticed that around CYP 2,000 had been placed into the account. It was later
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It’s a high-tech festive season for 2006 and Christmas stockings are sure to be packed full of all kinds of technical wizardry, from notebook PCs to mobile phones – the perfect gifts for friends and family, for business and pleasure. Customers purchasing an Areeba Mobile Data Card from December 1 to January 31, 2007 will
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Thousands of employers and the self-employed will now be able to pay their social security contributions online. It is hoped that this will save both time and money for people, as well as alleviating the workload of social insurance officers.The move is part of a drive to streamline the social insurance payments system and cut
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The Cyprus Federation of Business and Professional Women (BPW) has launched a job-finding survey that helps match the needs of job seekers with the needs of employers seeking to recruit. Elena Tanou-Ellinas, President of BPW Cyprus, told the Financial Mirror that the federation has already matched handful of potential candidates with suitable work. “We are
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