Dozens of Dutch local authorities are resisting the erection of masts to carry voice and data for the new third generation of mobile phones (3G), citing health concerns. The decision by community councils not to accept the Universal Mobile Telecommunications System (UMTS) masts is motivated by worries among the general population that the radiation generated
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An increasing number of companies proceeded last week to announce positive profit warnings concerning their 2005 results, with last week’s list including the likes of Top Kinisis, Atlantic Insurance and Universal Bank. Top Kinisis, the island?s leading travel agency group said it expects better results on the back of a significant increase in turnover. Atlantic
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Petrolina (Holdings) Public Ltd announced that the profits for the full year 2005 are expected to show a significant increase compared to the profits of 2004. Part of the reason leading to the improvement is the fact that the results include the extraordinary income of CYP 1.0 mln, which concerns a final compensation of the
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The decision by the Board of Woolworth (Cyprus) Properties Public Ltd to declare an interim dividend of 20% on the nominal value of the share, or 4 cents per share gives a dividend yield of 17.5% according to the most recent price of the shares. FWW said the records date is December 30, 2005. The
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Research and Development ( R&D), has become one of the top priorities of the Strategic Action Plan of the Government; it is a basic avenue for regaining the competitiveness of the economy of the island, through innovation; when applied to commercial use, innovation will lead to new, competitive business units and to the creation of
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The number of Cyprus residents traveling abroad surged 16.1% year-on-year in November to 53.130, reversing the declines recorded in August, September and October, the Department of Statistics reported. Greece remained the top destination absorbing 20.352 travels in November for a 13.2% y/y increase, but travel to the UK increased by a whopping 93% to 8431,
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Turkey has to meet its European obligations or face any possible consequences, Cyprus Foreign Minister George Iacovou has said, recalling that Brussels is set to scrutinize Ankara’s progress towards this direction in the year ahead. “If Turkey does not proceed with implementation of all its obligations, it will be accountable to Brussels within 2006,” he
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The major agricultural organisations representing the interests of farmers decided to stay away from the planned march by potato growers, who insist on descending on the Presidential Palace on Wednesday. Nicos Vasilas, who is the head of the farmers accused the other agricultural organisations of serving party and self interests, adding that they could be
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Cyprus Airways (CAIR) unions were given an extension until Friday to give their final answers to the controversial restructuring plan to save the airline. Two unions, the pilots’ union PASIPY and the engineers’ union ASSYSEKA, said it was impossible for them to gather all of their members together in such a short time to vote
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Bank of Cyprus Public Company Ltd announced that as from Thursday, 29 December 2005, the 77.902.232 new shares of the Bank arising from the recent rights issue will be introduced for trading on the Cyprus Stock Exchange and the Athens Exchange. The new ordinary shares of nominal value of CYP 0,50 each, have resulted from
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