Motor vehicle registrations rose by 33.2% to 5,064, bringing the total for the year to 45,349, also a rise of 33.2% on January-August 2006. In January-August registrations of private saloon cars rose 33,504 from 24,570 in January-August 2006, marking an increase of 36.4%. Registrations of new cars were up by 23.8% to 24,357 and registrations
More
The official interest rates of the Central Bank of Cyprus, that is the minimum bid rate on the main refinancing operations, the interest rate on the marginal lending facility and the interest rate on the overnight deposit facility remain unchanged at 4,50%, 5,00% and 3,00%, respectively. Following an extensive discussion, the MPC noted that domestic
More
Government Spokesman Vassilis Palmas said on Monday that the Republic of Cyprus would react in the appropriate manner if its sovereign rights, its continental shelf or any other right that offends the nation is violated. Replying to questions, Palmas said that, according to reports, Turkish vessel ”Piri Reis” will be carrying out seismic research from
More
Time for business to tighten belts? The Statistical Service has produced its first full breakdown of real GDP growth in the second quarter, showing real GDP growth of 3.7% on the back of very strong growth of financial services, as well as tax-induced purchases of cars. For the first six months of the year, real
More
The ‘Made in the UAE’ website, launched recently by the Ministry of Finance and Industry in partnership with Dubai eGovernment and in cooperation with Tejari.com is expected to boost the demand for indigenous products in regional and international markets. Several factories from the UAE – involved in the manufacture of construction materials, perfumes, furniture, food
More
Nokia has introduced Ovi, the company’s new Internet services brand name helping Nokia to expand from a focus on mobile devices to offering a range of Internet services. Ovi, meaning ‘door’ in Finnish, enables consumers to easily access their existing social network, communities and content. Ovi includes Nokia Music Store and N-Gage, two services that
More
By Stavroula Kousiappa  The uncertainty that characterizes the global trading environment raises the need for businesses to find tools and solutions which will assist them in securing their trading transactions and provide references regarding their activities around the world. Based on this need, the Data Universal Numbering System, or D-U-N-S Number, was created back
More
Rather than easing the competitive pressure on global tire industry, declining raw-material prices in 2007 may actually put pressure on margins and cash flows, cautions a report published today by Standard & Poor’s Ratings Services “Peer Comparison: Global Tire Makers May Face Pressure When Raw-Material Prices Decline”. “This is because pricing discipline in the industry
More
The European Commission has today put forward a series of proposals to improve the application of Community law by Member States. The Commission, as part of its better regulation priority, aims at having Community law implemented more effectively and at resolving more quickly complaints made by citizens and business. To maintain Europe’s competitiveness in a
More
As Europe’s population grows older faster and the pool of young workers shrinks, the EU will rely more and more on its younger generation. According to a Commission analysis presented today, young people are often insufficiently prepared to take on this responsibility. One in six young Europeans still leaves school early and 4.6 million 15-24
More