Luxembourg’s Prime Minister and current president of the European Council, Jean Claude Juncker, pledged that there is no way the EU will commence accession negotiations with Turkey if it does not sign the protocol extending its customs union with the ten new member states, including Cyprus. He was speaking during a press conference today after
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Orphanides Public Co. Ltd. (ORF) recorded a sharp improvement in results, boosting net profits from CYP 1.69 mln in 2003 to CYP 3 mln in 2004 with earnings per share improving from 2.09 cent to 3.71 cent per share. Reporting its preliminary 2004 results, the retailing giant announced that turnover jumped 6% during 2004 to
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Alkis Hadjikyriakos (Frou Frou Biscuits) Ltd., the island’s leading biscuits and cereals manufacturer & distributor and importer announced an increase in its final dividend payable to shareholders on the back of an improvement in sales and profits. The Board of Directors declared a dividend of 0.36 cent per share compared to 0.35 cent in 2003
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A. Tsokkos Hotels Pcl (TSH) released its 2004 results posting a 2.6% increase in revenues to CYP 18.05 mln with income advancing by 2.6% amid higher local revenues associated with the opening of Tsokkos Paradise Village in late April 2004 and higher occupancy rates. Gross Profit reached CYP 3.86 mln, up by 3.4% with gross
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A. Zorbas & Sons Public Co. Ltd. (ZRP) reported a 30.5% increase in turnover reaching CYP 26.0 mln in 2004 on the back of higher revenues per shop and the operation of six new outlets. The increase in turnover was driven by higher revenues per outlet, which increased from CYP 738.000 to CYP 788.000 in
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Vision International People Group Public Ltd. (VIP) delivered another set of satisfactory results, boosting net profits by 24% to USD 7.96 mln in 2004 from USD 6.41 mln in 2003 on the back of increased sales. Group turnover for 2004 increased by 11.8% year-on-year to USD 78.3 mln from USD 70.1 mln in 2003 on
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The Statistical Service announced that the Harmonised Index of Consumer Prices (HICP) recorded an increase of 2.8% in January 2005,compared to the corresponding index of January 2004. The sharpest fall compared with the previous year was recorded in the category of communications, down by 13.3%, while the sharpest rise was recorded by education, up by
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A class-action law suit was filed last week in Santa Clara County Superior Court against online auction giant eBay. The suit claims eBay forces bidders to bid against themselves, a tactic called shill bidding. The lead plaintiff claims eBay raised his $111.00 bid to $112.50, even though he could have won the auction at $111.00.
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interFRONTIERS Focus Multimedia have introduced “Britannica Homework Helper”, with the leading encyclopaedia becoming child’s play and fun to use for any young pupil aged 7 to 14. The CD package contains 242.000 entries, 1.300 maps and charts on all subjects from the economy, to culture and national statistics. It also has pre-determined links to 167.000
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The first Pan Arab Web Awards will be announced on March 24, instead of the previously scheduled date of February 24. The revision in the date was made to assist the panel of judges to make a thorough evaluation of the large number of entries. This unique contest attracted wide interest, as web designers and
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