Air traffic increased in October 2008 at Larnaca airport, compared with the corresponding period in 2007. According to data published by the Civil Aviation Department, in October 2008 air traffic at Larnaca airport , on the southern coast, rose by 1.6%, air cargo transport by 0.6%, while passengers numbers dropped by 2.9%, compared to October
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The turnover value index of wholesale trade and commission trade increased by 36.5 or 22.5% to 198.6 in September 2008 compared with 162.1 in August 2008. For the period January-September 2008, the wholesale trade and commission trade index recorded an increase of 18.4% compared with the corresponding period of 2007. The turnover value index of
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Increasingly dire growth outlooks for central and eastern Europe are actually still too rosy, and the region will not only probably face a recession this year but take years to return to its rapid expansion. Governments and financial institutions have slashed growth forecasts for Poland, the Czech Republic, Hungary, and other states but analysts say
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The pace of contraction in Britain's giant services sector eased last month but soaring job losses and crumbling consumer confidence kept intact expectations of another interest rate cut this week. The Bank of England has already slashed rates to a record low of 1.5 percent in a bid to limit the damage of the worst
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Ex-communist eastern Europe's currencies crumbled, Romania cut interest rates and a ratings agency warned of risks facing Hungary on Wednesday as the impact of global recession intensified across the once-booming region. Poland, the European Union's largest former communist member, ruled out interventions in the foreign exchange market to rescue the plunging zloty for fear of
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Cyprus will let the United Nations decide whether a ship with a suspect cargo on board infringes resolutions on Iran banning weapon exports, officials said on Wednesday. The Cyprus-flagged Monchegorsk has been docked off the Mediterranean island for almost a week as authorities check its cargo. The United States, which earlier boarded the ship in
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Speaker of the Chamber of Deputies of the Parliament of the Czech Republic Miroslav Vlcek expressed here Wednesday the belief that the position of the EU Czech Presidency will not be in any case neutral concerning issues as the recent statement by Turkish Premier Recep Tayyip Erdogan on the Nabucco pipeline. “We have not given
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Cypriot children with heart problems have from now on the opportunity to be operated in Cyprus. The first three heart surgeries were performed recently on Cypriot children at the Makarios Hospital in Nicosia with the cooperation of the Swiss team of doctors ‘Coeurs Pour Tous’ of Geneva. Minister of Health Christos Patsalides told a press
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World stocks put in modest to strong gains on Wednesday with emerging markets leading the field as investors showed tentative confidence that the global economy will begin to improve. Wall Street looked set for a positive and the dollar was slightly firmer against a basket of major currencies. Fitch Ratings reminded investors, meanwhile, of the
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European shares were up by midday on Wednesday, led by the banking sector as Deutsche Bank rose on hopes it will issue a strong outlook on Thursday and commodities tracked crude and metal prices higher. By 1139 GMT the pan-European FTSEurofirst 300 index of top European shares was up 0.65 percent at 797.03 points. "Financials
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