Cyprus industry spending on environment

On the basis of the results of a survey carried out by the Statistical Service, the total expenditure for environmental protection activities in industry in 2005 is estimated at CYP 17.9 mln, which corresponds to 0.23% of the Gross Domestic Product, compared to CYP 21.3 mln or 0.29% in 2004.

This drop is to a large extent attributed to the increased capital expenditures of the Electricity Authority of Cyprus during 2004. The corresponding expenditures in the member-states of the European Union are estimated at 0.30% of the Gross Domestic Product.

By sector of economic activity, the manufacturing industries reported expenditures of CYP 12.0 mln, the mining and quarrying industries CYP 1.2 mln and the electricity and water enterprises CYP 4.7 mln. In the manufacturing sector, where the largest amount of expenditure is reported, manufacturing of other non-metallic mineral products accounts for CYP 4.1 mln, manufacturing of food products and beverages for CYP 4.0 mln and manufacturing of wood and products of wood (except furniture) for CYP 1.1 mln.

By environmental domain, expenditure related to: the reduction of air emissions CYP 9.1 mln, the monitoring, treatment and disposal of waste CYP 4.3 mln, the treatment of waste water CYP 3.5 mln, the protection of soil and ground water and the protection of natural resources and biodiversity CYP 0.8 mln and the abatement of noise and vibrations CYP 0.1 mln.