The volatile industrial production index rose by 1.9% year on year in August, reaching 92.5 (base 2000=100), after a fall of 1.0% in July and a rise of 0.9% in June. For the period January-August 2006, the index recorded a decrease of 0.4% compared with the same period of 2005. The manufacturing index fell in
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Cypriot Foreign Minister George Lillikas will discuss the Cyprus issue and the Euro-Turkish relations with British Minister of State for Europe Geoff Hoon. Lillikas is flying Tuesday to London where he will be the key speaker at a dinner organized by the Greek Cypriot Brotherhood to honour Cyprus Independence Day. The dinner will be attended
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Cyprus has been an exemplary partner of the US in the fight against illegal drug trafficking and against the flow of money associating with drug trafficking, US Ambassador to Cyprus Ronald Schlicher has said here Monday. Speaking at the opening ceremony of a seminar on “Asset Forfeiture and Financial Investigation” presented here by US experts,
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Cypriot President Tassos Papadopoulos has said here Monday that there were some thoughts of a meeting between Turkey and Cyprus on the Finnish presidency’s initiative to avert a crisis in the Euro-Turkish relations. He stressed however that for such a meeting to take place, Turkey must state that it is accepting the return of the
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Eurozone still cheap  In its latest Investor’s Guide published in October 20, 2006, Swiss giant UBS recommends for its US strategy a shift away from over-valued information technology (IT) stocks towards consumer staples and health care. “We have upgraded US Consumer Staples from a “moderate overweight” to “overweight”,” says the report, while reporting that
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A new book entitled “Accession to the Eurozone and the Reunification of the Cyprus Economy”, edited by Andreas Theophanous and Yiannis Tirkides, has been published by the Research Center – Intercollege in collaboration with Intercollege Press. The book seeks to examine the process of Cyprus’ accession to the Eurozone and the prospect of the reunification
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The euro started the week below the strong resistance level of 1.2760, which is now likely to act as the near term top, pressing the euro to correct lower towards first decent support level of 1.2655. So we suggest neutral positions in the 1.2655-1.2760 range, but will certainly go with the breaking side. On the
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Transport Minister Harris Thrassou said the new airport construction works, which started in June are well ahead of schedule following a visit of the site to check on the progress and inaugurate the new road linking the airport with the road network. The new airport is expected to be finished near the end of 2009.“We
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Carrefour, the French multinational retailing giant has officially launched its operations in Cyprus from Monday promising to deliver everyday low prices, vast choice, superior quality and the unbelievable special offers.Carrefour is the number one retailer in Europe and the world’s second largest, with a presence in 29 countries with 12,078 retail stores employing 436,000 people.Following
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The European Commission has adopted a financing decision for a total of 38.1 million euros to encourage the economic development of the Turkish Cypriot community in the Turkish-occupied northern part of Cyprus. According to the Commission, the financial assistance will focus on three objectives: developing physical infrastructure, promoting economic and social development and bringing the
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