Blog - Page 4808

Nokia installs first HSDPA in Belgium

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Belgian mobile operator Proximus has launched the first commercial High Speed Downlink Packet Access (HSDPA) network in the country. With the Nokia HSDPA solution, Proximus will be able to operate its network more cost-efficiently and offer its customers data services at speeds of up to five times faster than current 3G speeds. “The Nokia HSDPA

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Shacolas to exit out of Christis

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NK Shacolas and Cyprus Trading Corp. Pcl announced that they are at advanced stage of negotiations to sell their stake in Christis Dairies Pcl to a company based in the EU for cash, at a price significantly higher than its current price traded on the CSE. Christis Dairies (CDL), listed in the Parallel Market of

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Hermes Airport denies mass fee hike

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Hermes Airports Ltd., the consortium in charge of modernising Cyprus’ airports at Larnaca and Paphos has hit back at recent reports suggesting that it intends to hike airport charges by 300%, clarifying that airport fees will only increase by 42% by end June 2007. Hermes Airports was awarded the concession for the development and operation

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Cyprus in the dock over energy in buildings

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Businesses face a big increase in costs The Commission sent on June 28 a reasoned opinion to Cyprus for failure to notify national implementing measures requested in 2002 Energy Performance of Buildings directive. The reasoned opinion (the second step of an infringement procedure) was also sent to Greece, Hungary, Malta and Sweden. The Directive aims

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Democracy must evolve to meet changing issues, changing needs

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By Ronald L. Schlicher U.S. Ambassador in Cyprus Two-hundred and thirty years ago, a small collection of farmers and merchants, fishermen and backwoods trappers and, yes, slaves declared independence in defiance of the superpower of the day -– appropriate apologies to High Commission Millett! The new nation embarked on an unprecedented experiment –- that a

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Now’s the chance to reform the CTO

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The new Minister of Commerce, Industry and Tourism has a golden opportunity to push through some radical reforms in the government’s ailing tourism infrastructure. Having been recruited from the trade sector where he was known to be a man of bold decisions, one would expect Minister Antonis Michaelides to grab the bull by the horns

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DB says BOC bid ‘better’

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Marfin drops out of Emporiki race Alpha Bank to decide by July 25 Deutsche Bank has described the Bank of Cyprus takeover bid for control of Emporiki as more attractive compared to the bid submitted by Credit Agricole. Deutsche Bank is maintaining the price target of CYP 5.60 or EUR 9.80 on the BOC shares

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Piraeus eyes 9.9% stake in BOC

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Piraeus Bank reiterated its goal of reaching the threshold of 9.9% of the capital of Bank of Cyprus, after confirming on the ASE that its total holding until last Friday amounted to 8.19%. Piraeus said in an announcement that as stated in interviews given by the Vice Chairman Michalis Kolakides to Reuters and Bloomberg news

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