The industrial turnover index (comprising mining and quarrying, manufacturing, electricity, gas and water supply) reached 152.6 (base 2000=100) in December 2007, recording an increase of 14.3% compared with December 2006. For manufacturing,
On the basis of the results of the Passengers’ Survey, the number of residents of Cyprsu travelling abroad in January rose by 22.8% compared with Janaury 2007. In total 78,021 residents of
Financial markets came under heavy pressure on Thursday as slumping retail sales provided new signs of a deteriorating U.S. economy and inflation-sensitive gold shot through $1,000 an ounce for the first time
Standard & Poor’s Ratings Services broadly estimates that valuation write-downs of subprime asset-backed securities–primarily collateralized debt obligations (CDOs) of ABS but also subprime residential mortgage-backed securities (RMBS)–could reach $285 billion for the
The dollar eased back towards record lows versus the euro on Wednesday as a pick-up in risk appetite prompted by central bank measures to boost liquidity petered out. On Tuesday the Federal
United Internet AG of Germany announced the Group’s preliminary, unaudited results according to IFRS for the fiscal year 2007. Consolidated sales grew by 26.7% to EUR 1,487.4 mln. Preliminary earnings before interest,
MobileAccess Networks, a leading global provider of multi-service in-building wireless solutions for operators and enterprises, has launched its Middle Eastern operations with a local office presence in Dubai. Building on its success
Fastweb, the Italian fixed network operator, has selected Nokia Siemens Networks as a technological partner when it launches mobile services later this year. Italy’s largest alternative broadband provider will start complementary wireless
The business of Austrian Post proceeded favourably in 2007. Total revenue increased by 33.3% to EUR 2,315.7 mln. A major contribution to the growth in revenues (about EUR 500 mln) was the
Dubai Maritime City, the world’s first purpose-built maritime centre and a member of the Dubai World Group of companies, has predicted that boat ownership levels in Dubai will increase by 15% within
