Revenue from tourism in June 2005 rose by 3.7% compared with June 2004, reaching CYP 113.3 mln. This was lower than the 6.7% rise in arrivals recorded in the same month, which suggests that spending per tourist is still down. However, the gap between the two is narrower than it was earlier in the year.
More
Manufacturing output stabilised in May after two months of consecutive decline, and recorded a zero increase on May 2004. The figures for 2005 are somewhat distorted by the fact that the oil refinery stopped production in April 2004. However, manufacturing is suffering generally and only the category of wood and wood products has escaped decline
More
Cypriot Foreign Minister George Iacovou is in Riyadh, Saudi Arabia, to express the condolences of President Tassos Papadopoulos and of the government for the death of King Fahd Bin Abdel Aziz Al Saud. According to an official press release, Foreign Minister will congratulate the new King of the country, Abdullah Bin Abdel Aziz Al Saud,
More
The sonar scans of manmade structures one mile below water off the southeast coast of Cyprus were presented here Thursday by Robert Sarmast, head of the Cyprus/Atlantis Expedition project for the first time. Announcing the results of last year’s expedition to find one of humankind’s greatest mysteries, the legendary Atlantis, Sarmast presented three dimension underwater
More
The European Commission announced a decision on the opening of three new crossing points in Cyprus, divided since 1974, when Turkish troops invaded and occupied 37% of its territory. A European Commission press release said ‘the list of crossing points at which persons and goods may cross the line has been extended so as to
More
The Board of Directors of Bank of Cyprus Public Company Ltd decided to increase the size of the Euro Medium Term Note (EMTN) Programme to EUR 1.5 bln. When the programme was first launched in September 2003, the Programme’s size amounted to EUR 750 mln, which was increased to EUR 1 bln in 2004. Under
More
Cyprus Airways is seventh among the 27 best airlines of Europe in the important sectors of flights departing on time and the smooth flow of luggage and passengers. According to the results of the second quarter of 2005, as they have been announced by the Association of European Airlines (AEA), members of which are the
More