A Memorandum of Cooperation in the sector of tourism between Cyprus and the Palestinian Authority was signed on Friday after official talks in Nicosia between Minister of Commerce, Industry and Tourism Antonis Paschalides and Palestinian Minister of Tourism and Antiquities Kholoud Daibes. Speaking after the talks, Paschalides said that through the Memorandum Cyprus will be
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Annual harmonised inflation in Cyprus recorded a significant rise in January 2010, according to figures released on Friday by Eurostat. In Cyprus, inflation rose from 1.6% in December 2009 to 2.5% in January 2010, which was the second highest percentage in the Eurozone. Euro area annual inflation was 1.0% in January 2010, up from 0.9%
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British house prices were 0.4 percent higher than a year ago in February, marking the first annual rise since March 2008, a survey showed on Monday. House market analysts at Hometrack said prices rose a non-seasonally adjusted 0.3 percent on the month but warned that the market did not appear poised for another boom. Prices
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Factory activity in Asia's main economies expanded last month, with India and South Korea growing at their fastest pace in around two years although China showed some signs of weakening. A pair of surveys of purchasing executives showed the pace of manufacturing growth in the world's third biggest economy eased slightly in February, but economists
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Industrial production fell by 8.0% over the same period of the previous year in January – December 2009, according to the Statistical Service, having risen by 3.1% in 2008. Within the overall industrial sector, the manufacturing index fell by 11.6%. Mining and quarrying (influenced by construction demand) fell by an even steeper 11.6%. Electricity supply
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The Statistical Service has announced provisional turnover indices for various branches of transport by activity for January – December 2009. The main developments by activity for the period of January – December 2009 were as follows. Land Transport activity decreased by 16.7% compared with the corresponding period of 2008. Water Transport turnover value increased by
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Turnover in the general services sector dropped by 3.4% in October – December 2009 compared with the same period of 2008 and by 4% for the whole of 2009 according to the Statistical Service, with hotels, travel agencies, architects and computer programmers bearing the brunt of the downturn. However, legal and accounting services defied the
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. We put our fifth issue of CYPRUS GOURMET MAGAZINE “to bed” this week and it is our most exciting issue yet. You, dear reader or subscriber of the Financial Mirror, will be the first to see it, as we are inserting the magazine into every copy of this newspaper next week. Why is it
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Cardet, a non-profit research and development organisation and a regional leader in the drive for next generation education, innovation and social reform, has become the first Cyprus non-governmental development organization (NGDO) to lead a EuropeAid Project. ‘Raising Awareness on Development Cooperation’ is a EuropeAid project that aims to mobilise European citizens – especially in the
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Erroca, the number one sunglass brand in Israel with 53 stores and selling around 400,000 sunglasses a year, is coming to Cyprus and is looking for franchise partners to develop a network of stores. The company’s sales advantage is to allow customers to buy high fashion and quality sunglasses at prices which are always lower
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