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ΜΗΝΙΑΙΑ ΕΚΔΟΣΗ ΓΙΑ THN ΚΥΠΡΙΑΚΗ ΑΓΟΡΑ & ΤΑ ΣΤΕΛΕΧΗ | TEYXOΣ 93 | NOEMBρIοσ 2013 TΙΜΗ €4.95| σε ειδική τιμή €3.40 για τHN KYρIAKH 3/11/13 μαζι με τήν εφήμεριδα σήμερινή www.inbusinessnews.com ΧΩΡΙΣ ΑΡΧΙΚΗ ΕΠΕΝΔΥΣΗ ΚΑΙ ΜΕ ΧΑΜΗΛΟ ΜΗΝΙΑΙΟ ΚΟΣΤΟΣ, ΝΑ ΜΕΤΑΤΡΑΠΕΊ ΣΕ ΔΥΝΑΜΗ ΤΟΥ ΗΛΕΚΤΡΟΝΙΚΟΥ ΕΜΠΟΡΙΟΥ, ΙΣΑΞΙΑ ΤΩΝ E-SHOPS ΤΟΥ ΕΞΩΤΕΡΙΚΟΥ. ΣΕΛ. ΧΧ ΑΠΟΚΤΗΣΤΕ ΤΟ ΔΙΚΟ ΣΑΣ ΗΛΕΚΤΡΟΝΙΚΟ ΚΑΤΑΣΤΗΜΑ …ΜΕΣΑ ΣΕ ΛΙΓΑ ΛΕΠΤΑ ΜΙΑ ΠΡΟΣΦΟΡΑ ΤΗΣ DYNAMIC WORKS Χωρίς αρΧίκή επενδυςή ΔΟΚΙΜΑΣΤΕ ΤΟ δωρεαν BROUGHT TO YOU BY

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  • USINESS AWARDS 2013

    Business Awards . , , , .

    management

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    10| Newsbrief 15| Companies/Industries & People Hourican Cy Material: VE VERY EXCLUSIVE: : 60 In brand: Connecor Investments (Cyprus): Connecting SMEs 20| Flavio Gonzaga Nunes: : 24| : 28| : 30| My Big Fat Cypriot Wedding: ; 34| 4th Limassol Economic Forum: 40| Around the Globe 44| - 46| Business Agenda

    www.inbusinessnews.com

    Features

    48

    nthly Briefing

    Last PageNumbers & Stats

    IN BusINEss 93, 2013

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    4 IN BUSINESS

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    SPECIAL ADVERtISING FEAtURE

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    , , . - Shoebox, .

    , , , Kings Avenue Mall .

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    10SHOEBOX CB TRADING

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    - Medochemie IN Business.

    80 IN BUSINESS www.inbusinessnews.com

    1// . . : - . : 400 kg, - - . : - , - . : . - .: - - . , , - .

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    | : HARRIS KYPRIANOU

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    sales manager Shoebox - CB trading Ltd, , - .

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    A editorial

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    THE INTERNATIONAL INVESTMENT, FINANCE & PROFESSIONAL SERVICES MAGAZINE OF CYPRUS

    INTERVIEWSStelios Haji-IoannouMartin NeureiterHans Wolff

    PLUS: MONEY / BUSINESSECONOMYTAX & LEGALLIFESTYLE / OPINION

    OECDPlanning to beat tax avoidance

    INVESTING Royal familymemorabilia market

    + IOANNIS CHARILAOU, PHIDIAS PILIDES, NASSER SAIDI

    ISSUE 29 AUGUST 14 - SEPTEMBER 13, 2013PRICE 4.95

    POWERED BY:

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  • AVAILABLE AT: NICOSIA - LIMASOL, TEL.: 22 897 361

    IN THEIR OWN LITTLE WORLDSThe tiny precision components in our mechanical movements dance to the rhythm of our lives and they have been with us on some of mankinds greatest adventures.

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    NEWSBRIEF |

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    PORSCHE PANAMERA

    10 IN BUSINESS

    LAMDA CARD SERVICES MAStERCARdS

    MasterCards Lamda Card Services Ltd, - . - . , - . , , - - .

    &S .. -, - - , &S. deal , , &S . - - - , - E&S .

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    10 - 2013

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    760.144 745.701 598.798PIZZA HUT 465.891 461.511CARREFOUR S/M 433.376 FREDERICK 416.453UNILEVER 414.808MTN 413.670LIDL 397.035

    2,3% -, 2012, - , BloomBErg. - 2,1%

    T 16,2% - Cablenet, - 2013

    -. - 1%, 2012. , 2,7% , Cablenet , , - . : Cablenet - 71%, triple play , 30,8%.

    CABLENEt

    29%71%

  • magad 21,5x28,5cm.indd 1 18/10/2013 11:07 ..

  • www.inbusinessnews.com12 IN BUSINESS

    NEWSBRIEF

    EUROSUCCESS CONSULTING

    , -, Eurosuccess Consulting 19 27 . - , - . , , - , - . , - Knowledge Training & Consulting Ltd.

    LE MERIDIEN dEaL

    Emerald Coast Properties Ltd LUnion Nationale, - Le Meridien , C.C.C. Tourist Enterprises Public Company Ltd. , , , 20 - - 1 - , . , 50% LUnion Nationale (Tourism and Sea Resorts) Ltd. - - Emerald Coast.

    , , 43 Apimondia International Congress, World

    Beekeeping Awards. - -. World Beekeeping Awards 2013 112 25 , , . , .

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    Green Dot , N Business, 31 . - , , , - . - 9 :

    Animalia Genetics Ltd Photos Photiades Group /y Green Cycle compost, Premier Shukuroglou Cyprus Ltd. E (Cans for Kids) American Heart Institute/American Medical Center Frederick University GREEN LEADER AWARD X mbrosia Oils , -, 50% -50%. . LTV.

    119.546 - 2013, 0,7%, 2012. , - 8,7% 13,6% .

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  • Companies, Industries & People

    MONTHLYBRIEFING

    www.inbusinessnews.com IN BUSINESS 15

    CEO Hourican John Hourican. - , , - - .

    -, Royal Bank of Scotland, . They shouldnt waste my death,

    - . , , -, Mike Aynsley. J. Hourican . , , .,

    . . Hourican

    2.2 2012 2013. , , - . , .A

    - , -, - , - .

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    JOHn HOurICan

  • MONTHLYBRIEFING

    www.inbusinessnews.com16 IN BUSINESS

    brands

    : Jonathan Saunders, Temperley, Fausto Puglisi,

    Joseph, Gina shoes, M Missoni, Theyskens Theory, Theory, Emma

    Cook, Pierre Balmain, Baby Dior, Monnalisa, Stella Mc Cartney, uS Polo,

    Bikkenbergs Juicy Couture.

    CYMATERIAL , -. ; -

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    , . , - , . , , boutique Mont Blanc. Vassos Eliades Accessories luxury goods, , - . , : 15 . , . , , . , , , . , , - - . , . , -, Vassos Eliades Accessories , , , .

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  • Zenith_HQ Visual: Ch1969Steel Magazine: INBUSINESS (CY) Language: English Issue: 4.5.2013Doc size: 210 x 280 mm Calitho #: 04-13-85672 AOS #: ZEN_04893 FM 23.4.2013

    E L P R I M E R O C H R O N O M A S T E R 1 9 6 9

    Acknowledged as the worlds best chronograph, it is a descendant of the

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    expertise of the Manufacture.

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    CoNNECor INVESTMENTS (CYPrUS) Connecting SMEs , , - Connecor Investments (Cyprus) Limited . .

    , - . business intermediation business brokerage. , . , , -, - , - (SMEs).

  • - 3.500 61 48 -,

    (FIABCI- International), - , . developers, - , , -, . , , - . FIABCI, . Nunes - - ; ,

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    FLAVIO GONZAGA NUNES

    20 IN BUSINESS

    : ...

    , . . , , , . - . - , . FIABCI-International, Flavio Gonzaga Nunes, - .

    | : HaRRIs kYpRIaNOu

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    Companies, Industries & People

    MONTHLYBRIEFING

    24 IN BUSINESS

    brands - . - , , , , - reelancer marketing & brand strategist.

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    Companies, Industries & People

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    . , , - 15 advertising, marketing branding. - , - . marketing & brand strategist brands . , , , . - project, .

  • Derec Picot, European regional vice president, Jumeirah Group, UK Dimitrios Dimakakos, research analyst, Euromonitor International Ltd, UK James Wade, author, managing director, Wade & Co S.A., Switzerland John Paul Pederson, senior designer, Wimberly Interiors, UK Miltos Kambourides, founder & managing partner, Dolphin Capital Partners, Greece Muriel Muirden, vice president strategy, WATG, UK Dr. Natasa Christodoulidou, Ph.D director - hospitality technology research institute (CBAPP), vice president Western Decisions Sciences Institute (WDSI), USA Paul Rosenberg, director international hotel development Europe, Marriott International, Switzerland Peter Long, chairman & CEO, TUI Travel Plc, UK Philippe Doizelet, managing partner, Horwarth HTL, France Raja Nasri, managing partner, N4TC, Lebanon Thomas Emanuel, director of business development, STR Global, UK

    - - - , , Mediterranean Hotel Man-agement and Investment Forum,

    Intercontinental Hotel Aphrodite Hills Resort. , - , , , - , . 2014

    . - , - - .

    Mediterranean Hotel Management and Investment Forum -

    www.inbusinessnews.com

    Companies, Industries & People

    MONTHLYBRIEFING

    28 IN BUSINESS

    : : KPMG Cyprus : Travel Trade Gazette MENA, Euromonitor International Boutique Hotel News : Cyprus Airways - - : -, HOTREC

    , www.mediterraneanhotelforum.com : 22505555, : 22679820, e-mail: [email protected], [email protected]

    Mediterranean Hotel Management and Investment Forum 28 29 .

    . Peter Long, chairman

    & CEO TUI Travel Plc, . . Long - - , . Derek Picot, Regional vice president Europe, Jumeirah Group, - - - , - . Philippe Doizelet, managing director,

    Horwath HTL, . , , . , , , . Doizelet - . , - KPMG , , . , , : Alan Mantin, senior director development, Southern Europe & North Africa, Hilton Worlwide, Italy Andrew Sangster, editorial director, hotel analyst, UK Dr. Aris Ikkos, managing partner, GBR Consulting, Greece Aurelie Denoueix, founder of Asea Spa, France Clive Hillier, CEO, Vision AM, UK Dejan Djordjevic, managing director, ESTA Holdings, Ukraine Demetris S. Vakis, board member, KPMG Ltd, Cyprus

    , , ChaIrman & CEO TUI TravEl PlC, UK

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    THE INTERNATIONAL INVESTMENT, FINANCE & PROFESSIONAL SERVICES MAGAZINE OF CYPRUS

    INTERVIEWSStelios Haji-IoannouMartin NeureiterHans Wolff

    PLUS: MONEY / BUSINESSECONOMYTAX & LEGALLIFESTYLE / OPINION

    OECDPlanning to beat tax avoidance

    INVESTING Royal familymemorabilia market

    + IOANNIS CHARILAOU, PHIDIAS PILIDES, NASSER SAIDI

    ISSUE 29 AUGUST 14 - SEPTEMBER 13, 2013PRICE 4.95

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    All 6 leased blocks in Cyprus EEZ may

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    USGS estimates that Cyprus may

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    Levant Basin holds

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    Cyprus block 12 first gas to Cyprus:

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    $1.6 trillion per year on average will be

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    Cyprus block 12 first LNG export:

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    SUPER 1/2/3 : the total answer for your

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  • 80 IN BUSINESS

    MEDOCHEMIE

    | : HARRIS KYPRIANOU

    MedocheMie . K

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    // BEHIND THE SCENES

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  • www.inbusinessnews.com

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  • Tuesday | 26 November | 2013 | Four Seasons Hotel | Limassol

    THE 4TH LIMASSOL

    FORUM

    European Economy: The Debate on Austerity, Structural Reforms and Return to Growth

    The 4th Limassol Economic Forum is organized by IN Business magazine in association with London School of Economics and Political Science and LSE Cyprus Alumni. The Forum will bring together some of the most influential politicians, economists, business leaders and experts to discuss the top priority concerns of the local, regional and international economic and business affairs. This high-level business Forum is addressed to senior executives

    genuinely interested in influencing Europes economic and business development.

    Stay updated with the forums agenda on www.imhbusiness.com

    For further information: IMH, Tel: +357 22 505555, Fax: +357 22 679820, e-mail: [email protected], website: www.imhbusiness.com

    Panel DiscussionsThe Business / Economics Editors and Correspondents Debate: A brainstorming with World Class Journalists on the economy of Europe

    European Parliament Panel Discussion: The Cyprus experiment: will the shock therapy work for any other country in the Eurozone?

    Keynote Presentations Have bail out policies in Greece, Spain and Ireland succeeded or failed?

    Reforms and Re-Invention are Way Forward for Europe: Not Bailouts, Not Austerity

    Building a New Europe: Risks and Opportunities

    The Future of Global Banking

    Crisis Resolution Schemes: From Argentina to Cyprus. What have we learnt?

    Assessing Prospects for a Recovery the Corporate View

    The Minister of Finance discusses the state of the European Economy

    Thematology

    AD LIMASSOL 2SELIDI.indd 2 18/10/2013 10:50

  • Tuesday | 26 November | 2013 | Four Seasons Hotel | Limassol

    Organisers In Association withCommunication

    Sponsor Supported by

    The protagonists of the 4th Limassol Economic Forum

    Award-winning journalist. Correspondent in Greece, Turkey and Cyprus for The Guardian, Greece

    elena Smith

    Advocate/Vice Chairman, Andreas Neocleous & Co LLC,Cyprus

    Elias Neocleous

    Economics Editor at Reuters Breakingviews, Columnist at Reuters.com, Thomsons Reuters, Former Financial Analyst at Morgan Stanley, UK

    Edward Hadas

    Audit Partner and Head of Financial Advisory Services, Deloitte, Cyprus

    Nicos S. Kyriakides

    Director at Moodys Analytics,UK

    Jose Suarez-Lledo

    EU Correspondent, El Pas, Spain

    Alicia Gonzlez

    Member of the Commission (Board) of the Central Bank of Ireland, Former: Special Advisor to former Minister for Finance Mr. Brian Lenihan, Senior Economist at the Federal Reserve Board in Washington DC, Ireland

    Alan Ahearne

    Director at Bruegel, Member of the French prime ministers Conseil danalyse conomique, Belgium

    Guntram B. Wolff

    Minister of Finance, Rebublic of Cyprus

    Harris Georgiades

    Partner and Chief Economist, Deloitte, UK

    Ian Stewart

    Forum Sponsors

    Former: Minister of Economy and Trade, Minister of Industry, Vice-Governor of the Central Bank, Chief Economist of Dubai International Financial Centre, Current Member of IMFs Regional Advisory Group for MENA, named as one of the 50 most influential Arabsk in the World, Lebanon

    Dr. Nasser H. Saidi

    Former: Secretary of Finance Argentina, President of Strategic Investments, Argentina

    Guillermo Nielsen

    Group of the European Peoples Party, Luxembourg

    Frank Engel

    Politician, Member of the European Parliament with the Free Democratic Party, Germany

    Georgios Chatzimarkakis

    Europe Editor, the Financial Times, UK

    Tony Barber

    Forum Chairman

    AD LIMASSOL 2SELIDI.indd 3 18/10/2013 10:50

  • www.inbusinessnews.com86 IN BUSINESS

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    86 IN BUSINESS

  • 87 IN BUSINESS www.inbusinessnews.com

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  • www.inbusinessnews.com90 IN BUSINESS

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  • www.inbusinessnews.com92 IN BUSINESS

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  • www.inbusinessnews.com94 IN BUSINESS

    -. , - ; , - . , , , - - . , , - 24 , , - - - -, Demetriades RENTALS LTD, - . , - ; - , - , - back office 2012. , , , , , .

    . , , ; - - . , , Linde, Heli, Hako, Lavor, Durolift, Genie, Omega Lubricants, Inform Racking . ; - . - , . - , . -, . -, - .

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  • www.inbusinessnews.com98 IN BUSINESS

    - erchandising. - Supply Chain Management R@L (PSCO) , , - ECR (Efficient Consumer Response). - - (2007) ECR . - . Retail@Link - (B2B ) , - -. - , - . , , - Stock-Levels, . -, OSA (On Shelf Availability) OOS (Out Of Stock), . - , , , . -, , case studies, ECR, - .

    GAP VASSILOPOULOS Merchandising Services, - . , GAP VASSILOPOULOS Merchandising : , - -, , - , . , - ( , , - , .). - - A&P (Andreou & Paraskevaides) Enterprises Public Co Ltd PEPSI. Third Party Logistics; -, , - . Logistics, , , -

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    , KPIs. , , . - 3PL; ,

    . . - , , Logistics. , 3PL . E A; - Logistics E A , . - ( ) -, Logistics , / . - - 3PL, GAP VASSILOPOULOS LOGISTICS. , ; - , / . - , : So easy, Pioneer, Panasonic, WestPoint, Brown, krups, Moulinex, Alpan, Mango, Calzedonia, Stradivarius, Cyta, Tapper ware, Pepsi, BMW, NISSAN, JAGUAR . , , -

    Logistics Benetton, Carrefour, -, . , - - - . ; . - . , -, . , , . -, , -, - (tailor made), . . -, , 25 - , Logistics, . - GAP VASSILOPOULOS LOGISTICS - , , .

    99 www.inbusinessnews.com IN BUSINESS

    logistics

  • CFO AD CON.indd 1 22/10/2013 2:45

  • CFO AD CON.indd 1 22/10/2013 2:45

  • , niche . - , . , , , - , . , , -, . , , . 3rd party logistics; . , outsourcing, :) 45%, . ) - , 20%, , , - . ) - , , , , (operations) .

    , - , , - (logistics) - .

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    Genesis LoGistics

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    Director Genesis

    Logistics Ltd

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    www.inbusinessnews.com102 IN BUSINESS

  • www.inbusinessnews.com104 IN BUSINESS

    , , . 3rd party logistics; , , , , , 3rd party logistics. , , 20% 25%. . , , , , 3rd party logistics . , . ; , , 35, , , . 6.000 . ,

    . - , . , - , , . , , - . ; , , . , . , , - - . , , , , , . , , .

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  • www.inbusinessnews.com106 IN BUSINESS

    , , - ., - -, , , , , , . - , - . -

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  • www.inbusinessnews.com108 IN BUSINESS

    . -, , , , ., , - - . , - , , . 3rd party logistics; . - : - logistics - ( 100% - , logistics ). ; . -, , : Diplomat Distributors Cyprus, , -, Procter & Gamble, - - - - . Procter & Gamble - -, , . - 3000 , ,

    65.000 . Carrefour, - . , , , 60.000 . Leroy Merlin, , , D.i.Y. - . -, , - , 445 ! - - ; . , . , . - , , . - , . , , , , 5%, 3rd party logistics.

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    status

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  • Efaflex SST / -100

    , 100

    200,000 / 800 !

    2.0 / 1.0 /

    +30 C -30 C

    10 .

    (.. , , )

    !

    .

    -

    Spimawww.spima.com.cy

    Pireos 22, 2233 Latsia22 486 393 - [email protected]

    Long-term savings:EFAFLEX-High-speed door

    Higher costs in the long-run:conventional roller door

    Operating costsWork costs MaintenanceServicingDowntimes

    Acquisition costs

    Energy costs

  • Efaflex SST / -100

    , 100

    200,000 / 800 !

    2.0 / 1.0 /

    +30 C -30 C

    10 .

    (.. , , )

    !

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    Pireos 22, 2233 Latsia22 486 393 - [email protected]

    Long-term savings:EFAFLEX-High-speed door

    Higher costs in the long-run:conventional roller door

    Operating costsWork costs MaintenanceServicingDowntimes

    Acquisition costs

    Energy costs

  • www.inbusinessnews.com112 IN BUSINESS

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    -, , , - . - . , - ; . - , , . , . , , , - . - , -, ; - - . . - , , , . 1991, - - logistics, atlet - Yale - . , - . 2003 , 10 .

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    Limited

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    -, - - -

  • 100% EFFICIENT Better ergonomics gives better economics.

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    [email protected] www.uniplant.com www.atlet.com

    get it your way with

    (Atlet authorized distributors for Cyprus)

  • www.inbusinessnews.com114 IN BUSINESS

    Numbers & statsWorld Overview , , . . , .

    . 16.7 . , , , 2%.

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    -0.6 Q2 +1.1 -0.3 +1.0 -2.1 Aug +1.1 Sep +2.6 +1.5

    -2.0 Q3 -0.5 -1.5 +0.2 -11.3 Jul +4.5 Aug +3.5 +4.1

    -3.8 Q2 na -4.0 -0.5 -7.1 Aug -1.1 Sep +0.9 -0.5

    ... +1.6 Q2 +2.5 +1.6 +2.7 +2.7 Aug +1.5 Aug +1.7 +1.6

    . +1.3 Q2 +2.7 +1.4 +2.3 -1.4 Aug +2.7 Sep +2.2 +2.7

    +0.5 Q2 +2.9 +0.5 +1.7 +0.1 Aug +1.4 Sep +2.0 +1.7

    -2.2 Q2 -1.3 -1.7 +0.4 -4.6 Aug +0.9 Sep +3.2 +1.5

    -1.7 Q2 -0.4 -1.4 +0.3 -4.0 Aug +0.3 Sep +3.4 +1.7

    +4.4 Q2 na +3.2 +4.4 +1.4 Aug +7.9 Sep +9.2 +7.6

    +7.5 Q2 +7.0 +7.5 +7.3 +10.4 Aug +3.1 Sep +1.9 +2.6

    +1.2 Q2 +3.8 +1.8 +1.6 -0.4 Aug +0.9 Aug -0.5 +0.1

    +4.4 Q2 -2.0 +5.0 +6.0 -0.6 Aug +9.8 Sep +9.7 +9.6 +3.3 Q2 +6.0 +2.5 +2.6 -1.2 Aug +5.9 Sep +5.3 +6.2 +1.4 Q2 +1.7 +1.7 +2.4 -0.4 Jul +1.1 Aug +1.2 +1.3

    12.0 Aug +180.3 Aug +257.4 Jul +2.2 0.74 0.77 -3.1 0.23 1.93

    12.1 Q3 -4.8 (2012) -1.2 (2012) -6.7 0.74 0.77 -6.5 0.23 14.5

    27.6 Jul -22.0 Jul -0.4 Jul -0.1 0.74 0.77 -2.4 0.23 8.63

    ... 7.3 Aug -715.6 Jul -412.9 Q2 -2.5 - - -4.0 0.25 2.67

    . 7.7 Jul -169.2 Aug -102.1 Q2 -3.2 0.63 0.62 -7.6 0.50 2.72

    6.9 Sep +246.9 Aug +242.3 Aug +6.8 0.74 0.77 +0.1 0.23 1.93

    12.2 Aug +34.6 Aug +12.3 Aug +0.5 0.74 0.77 -3.3 0.23 4.25

    26.2 Aug -22.1 Jul +6.0 Jul +0.8 0.74 0.77 -7.1 0.23 4.29

    9.3 Jul -94.6 Aug -56.7 Aug -7.2 1.97 1.81 -2.2 7.29 8.70

    4.1 Q2 +253.3Sep +42.3Q2 +1.9 6.10 6.26 -2.1 4.67 3.92

    4.1 Aug -86.8 Aug +48.5 Aug +1.1 98.9 78.9 -8.3 0.14 0.65

    9.9 2012 -183.1 Sep -92.7 Q2 -3.9 61.9 53.0 -5.2 8.93 8.66

    5.3 Aug +2.1 Sep -80.6 Aug -3.5 2.16 2.04 -3.1 9.58 11.7

    6.9 Sep -9.7 Aug -59.6 Q2 -3.3 1.03 0.99 -2.9 1.19 2.62

    (%) -5.9% Apr-Jun 13/12

    (%) 15.5% Apr-Jun 2013

    47.017 Sep 2013

    () (%) 0.3% Aug 13/12

    (% ) 8% 2013 Proj

    (% ) 95% 2013 Proj

    (% ) 67.3% Apr-Jun 2013

    (% ) -3.5% 2013 proj

    -12.8% July 13/12

    -8.8% Jan-Jun 13/12

    -3.1% Aug 13/12

    12.3% July 13/12

    -4.5% Dec 12/11