Production of cement in Cyprus rose by 5.1% over the year-earlier period to 1.16 million tonnes in the first seven months of 2008, from 1.10 mln in January-July 2007. This growth was slightly higher than in 2007, when production rose by 4.8%. The biggest kind of cement by tonnage is Portland Composite, which according ot
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The industrial turnover index for Cyprus reached 164.4 (base 2000=100) in May 2008, recording an increase of 14.2% compared with May 2007. The industrial turnover index comprises mining and quarrying, manufacturing, electricity, gas and water supply. For the period January-May 2008 the index recorded a rise of 14.1% compared with the same period of the
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Minister of Foreign Affairs Marcos Kyprianou has expressed the gratitude of Cypriot Hellenism for the continuous efforts of overseas Cypriots to promote a just and viable settlement of the Cyprus problem. Addressing the 22nd Conference of the Central Council of the World Federation for Overseas Cypriots (POMAK) and the International Coordinating Committee Justice for Cyprus
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Microsoft Corp plans to pay software maker Novell Inc up to $100 million in additional subscription fees due to strong demand for Novell's open-source Linux software that partners with Microsoft's proprietary Windows software. The payment to be made by November 1, announced by the companies on Tuesday, is in addition to a $240 million payment
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EBay Inc is cutting the fees U.S. sellers on its site pay for fixed-price items, in one of the company's boldest moves this year to boost merchandise for sale, lure new buyers and take on competitors. Total sellers' fees will decrease in most cases under eBay's plan to improve the balance between buyers and sellers
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Airports operator BAA, owned by Spain's Ferrovial, received a tougher-than-expected ruling from Britain's competition regulator on Wednesday, which said it should sell two of its three London airports because of problems created by its near monopoly. Along with two of its London airports — Heathrow, Gatwick and Stansted — BAA should sell either Edinburgh or
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Oil prices extended gains to $115 a barrel on Wednesday, after a lower U.S. dollar rekindled buying in oil and other commodities. U.S. crude climbed 47 cents to $115 a barrel at 0823 GMT, rising for a second day, after prices had slid about 22 percent from the record peak of $147.27 a barrel in
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World stocks edged higher on Wednesday after the previous day's tumble to their lowest level in almost two years attracted some buyers, while rebounding commodity prices helped resource shares. The dollar rose towards the previous day's seven-month high against a basket of six major currencies, helped by expectations that growth outside the United States is
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Bank of England policymakers were split three ways in August for a second month running, with one voting to hike interest rates, another to cut but the remaining seven deciding to keep borrowing costs steady at 5 percent. Minutes from the Aug. 6-7 meeting showed on Wednesday the Monetary Policy Committee mulled the case for
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Wholesale prices shot up in July at the fastest year-on-year rate since 1981, while home builders cut back on construction as they worked through a glut of unsold homes, government data showed on Tuesday. The reports offered little solace to the U.S. Federal Reserve, which is hoping that a slowing economy will cool inflation so
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