The Greek companies Aspis Pronoia AEGA and Commercial Value SA decided to submit jointly a new Public Offer for the acquisition of a minimum 20% and a maximum 50% plus 1 share of the share capital of Universal Bank Pcl (USB) against an improved 95 cent (EUR1.65) per share cash after earlier their bid for
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Bank of Cyprus Pcl (BOC) insists that its profits are mostly derived from core banking operations and the investment gains amounting to 1% of overall profits are sustainable. BOC CEO Andreas Eliades stressed that the bulk of the 9M results reported earlier and which amounted to CYP 130 mln are from core operations, that are
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The newly elected Archbishop of the Church of Cyprus, Chrysostomos, was born on 10 April 1941, in Tala village, in Paphos district on the west of the island. Having finished elemetary education, he joined the Holy Monastery of Saint Neofytos, in Paphos. Â He then attended Paphos Gymnasium (secondary school) and graduated in 1963.On November 3,
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Newly elected Archbishop of the Church of Cyprus, Bishop of Paphos Chrysostomos, has called on everybody to work together for the benefit of the Church and assured people, clergy and laymen, that he would be there for them.Chrysostomos thanked all those who have worked so hard, in particular the Bishop of Limassol Athansios – his
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A 38-year old person from New Zealand has filed a complaint with police claiming that the Limassol lawyer who has defrauded up to nine persons so far also took money from him for investments, which have since disappeared. The New Zealand citizen said the Limassol lawyer, Marios Shaylis took from him the amount of CYP
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Government fiscal policy is paying off dividends which are increasingly becoming more obvious to the people, President Tassos Papadopoulos has said, as he addressed a huge gathering of bank employees, who met on Saturday to honour the vanguard of their trade unionists.“We are just months away from achieving our strategic goal to join the Eurozone
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Batelco, the largest operator in the Kingdom of Bahrain, has selected Ericsson to upgrade its mobile network with HSDPA (High Speed Downlink Packet Access) technology, joining the fast growing list of operators launching mobile broadband around the world. Under the agreement, Ericsson will deliver and deploy a nationwide 3G/HSDPA network supporting Batelco in its Broadband
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Pantech Group, the leading Korean handset manufacturer, announced that it has signed a landmark agreement with Orange – the second biggest mobile service carrier in Europe – to supply branded UMTS phones in France. The agreement with Orange, which is also the largest mobile service carrier in France with around 23 mln subscribers, marks Pantech’s
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Two French journalists, kidnapped and detained yesterday by the so-called Turkish Cypriot military authorities in the Turkish – occupied north of Cyprus, are due to appear before a “military court” today.They were arrested for allegedly violating a military restricted area. Journalist David Muntaner and Cameraman Frederic Bak, who are working for the Franco-German TV channel
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A new survey published today reveals that the majority of Europeans have a positive view of the EU’s role in employment and social affairs. In addition, three out of four say the European Union impacts positively on access to education and training as well as on job creation and unemployment. The survey results also show
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