Cyprus seeks private partner for oil terminal

Cyprus is seeking expressions of interest from private investors to build a new 300,000 cubic metre oil storage facility on its southern coast, government documents seen by Reuters showed. The project, estimated

Cyprus building permits down 5.6% in October

The future for the construction sector still looks bleak, with the number of building permits authorized down again by 5.6% year on year in October. The Statistical Service announced that the number

The Cyprus economy: mixed performance in Q3

The Statistical Service published full national accounts data for the third quarter last week, showing that some sectors of the economy are well past recession, while others remain in crisis. Overall real

Cyprus industrial turnover up 9.6% y/y in Sep

Industrial turnover rose rapidly in September according to the Statistical Service, rising by 9.6% over September 2009. Industrial production in the same period rose by 2.3%. In the manufacturing subsector, the turnover

New Cyprus Airways executive chairman

Cyprus Airways Board has appointed George Mavrocostas as Executive Chairman of the national airline. The appointment follows a government decision to appoint Andreas Chrysafi and Marios Hadzigrabriel as members of the Board.

UK police arrest 12 men for terrorism

British police said on Monday they had arrested 12 men in a large-scale counter-terrorism operation. West Midlands police said they had detained five men from Cardiff in Wales, four from Stoke in