The deficit on trade in goods reached CYP 2.17 bln in 2004, or 30% of GDP, according to preliminary estimates for foreign trade in December 2004. Total imports/ arrivals for the period January-December 2004 rose by 17.7% year on year to reach CYP 2,711.3 mln, compared to CYP 2,304.1 mln in 2003. Imports from the

Electronic communications methods boost productivity and job satisfaction, according to a survey by the Economist Intelligence Unit Two-thirds of executives now prefer e-mail as a means of business communication over the next most popular options, desktop telephones and mobile phones, which are each preferred by just 16% of survey respondents, according to a global survey

Commerce, Industry and Tourism Minister George Lillikas has announced that an auditing commission will be set up in the next two to three days to carry out an internal investigation within the Electricity Authority of Cyprus (EAC). The investigations are connected to irregular dealings an investment company, Suphire, is said to have carried out while