The value index for turnover of wholesale trade (excluding motor vehicles and motorcycles) increased by 2.5% in July-September 2010 compared with the previous three months. For the period January-September 2010, the value index recorded an increase of 4.0% compared with the corresponding period of 2009. Meanwhile, the value index including and retail trade and repair
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The Cyprus health sector was worth EUR 0.6 bln in 2008 according to the latest annual report entitled “Economic Statistics on health” for the year 2008. The report provides data on the number of enterprises, employment, labour costs, gross output, value added and gross fixed capital formation. During 2008 value added at current market prices
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The consumer price inflation rate rose to 2.4% in 2010, compared with 0.3% in 2009, according to the latest figures from the Statistical Service. The main reason for the increase, according to our analysis, was a sharp rise in prices of “housing, water, electricity and gas”, which rose by 7.6%, having dropped by 2.5% in
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The number of people looking for health information online is set to soar as workers return from holiday breaks, but few will check where the information comes from, according to an international survey on Tuesday. A report by researchers at the London School of Economics (LSE) commissioned by the private healthcare firm Bupa said that
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The top rate of VAT has risen from 17.5% to 20% as the government looks to boost tax revenues to cut the UK's debt levels. Business groups have warned that retailers will be hit by the increase, while opponents of the rise have said the poorest will be hit hardest. The government says the
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– Goldman Sachs, DST invest $500 mln Facebook has raised $500 million from Goldman Sachs and Russian investment firm Digital Sky Technologies, in a deal that values the world's No.1 Internet social networking company at $50 billion, according to a person familiar with the matter. The firms also plan to raise at least
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U.S. Defense Secretary Robert Gates is expected to announce as early as Thursday about $100 billion in savings for the Pentagon and cuts to some weapons programs, sources said on Monday. The announcement will detail a plan that military services have been hammering out for months. The Pentagon is under increasing pressure to cut its
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Japanese stocks led Asian equities higher, climbing to their highest since May, and oil prices were perched near a 27-month high on Tuesday, with investors betting the improving U.S. recovery may be reflected in jobs data later in the week. The dollar also rose while U.S. Treasuries dipped in Asia as investors kicked off the
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IBM (NYSE: IBM) formally unveiled the fifth annual "Next Five in Five" – a list of innovations that have the potential to change the way people work, live and play over the next five years. The innovations include "You'll beam up your friends in 3-D", "Batteries will breathe air to power our devices", "You won't
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European shares rose on Monday in the first trading session of 2011, led by German automaker Porsche, while the euro fell against the dollar on concerns the euro zone sovereign debt crisis could resurface soon. German government bond futures rose but pared earlier gains as stocks bounced and after stronger-than-expected euro zone manufacturing data. Gold
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