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Financial Mirror (Cyprus) - - FRONT PAGE -

Marfin re­cently took a con­trol­ling stake. Laiki Chair­man Kikis Lazarides echoed sim­i­lar as­pi­ra­tions say­ing that through the merger of Marfin and Eg­na­tia a new bank would be cre­ated, de­pend­ing on the net worth of Laiki Hel­las and that the Laiki Group would have a 40% share of the new en­tity.

Gold hits $600:

Gold prices rose to a 25-year high of $603 an ounce, hav­ing ap­pre­ci­ated by 41% in the past year alone and on its way to reach­ing the $873 level last seen in 1980. The surge was driven by hedg­ing against inflation and a safe haven from the fears of a US at­tack on Iran, the fourth big­gest crude oil pro­ducer in the world. In­vest­ments are also turn­ing to com­modi­ties, such as cop­per, sil­ver tracked gold price surge, ris­ing to $12.90 an ounce.

The Euro­pean Union’s own top level do­main (TLD) of .eu came into force paving the way for EU or­gan­i­sa­tions and com­pa­nies, in­clud­ing from Cyprus, to ac­quire the unique do­main.

Cyprus has the low­est rate of broad­band use among en­ter­prises in the EU, with a 40% pen­e­tra­tion rate, com­pared to the EU av­er­age of 65% and the EU-high of 82% in Den­mark. House­hold us­age was also the low­est at 4%, com­pared to the 23% EU av­er­age and the high­est 54% recorded in the Nether­lands.

.eu do­main:

Low­est broad­band:

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