Outdone by an tower extending over 800 metres in Dubai, the world's former tallest building, Taipei 101, wants to become the highest green structure by completing a checklist of clean energy standards, a spokesman said on Monday. Taipei 101 will spend T$60 million ($1.9 million) over the next year to meet 100 criteria for an
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Financial markets were upbeat on the first trading day of 2010 on Monday, with Asian stocks hitting a 17-month high and the U.S. dollar up against major currencies on hopes U.S. job figures this week will reflect a sustained economic recovery. Major European stock markets were expected to open mixed, with Britain's FTSE 100 seen
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The average monthly earnings of employees in the third quarter of 2009 in Cyprus reached EUR 1,810 (males EUR 1,990 and females EUR 1,588) according to the preliminary estimates of the Statistical Service. Compared with the third quarter of 2008, an increase of 3.2% was recorded in the average monthly earnings of employees (males 2.8%
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Miscellaneous services amounted to almost EUR 1 bln in 2007, according to the recently published annual report entitled “Economic Statistics on Other Social and Personal Service Activities”. The report provides data on the number of establishments, employment, labour costs and other expenses, gross output, value added and data for the expenditure on fixed assets. The
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The turnover value index of wholesale trade excluding motor vehicles and motorcycles in Cyprus decreased by 15.3% in January-September 2009 when compared with the corresponding period of 2008. In September, the index rose by 17.9% over the previous month. Meanwhile, the turnover value index of wholesale and retail trade including repair of motor vehicles and
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Latest figures show that the turnover volume index of retail trade excluding automotive fuel in Cyprus fell by 6.7% in September, when compared with September 2008. Between August and September 2009 the index fell by 1.1%. The Index decreased by 8,4 units or 6,7% compared to September 2008. In the period January-September 2009 the volume
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The decline in industrial output in Cyprus deepened in October, as the index of industrial production fell by 8.0% compared with October 2008, having fallen by 7.7% in September and 6.4% in August. Within the industrial production total, manufacturing index fell by 13.7% compared with October 2008. Meanwhile, industrial output prices in November were 1.0%
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— No new taxes, but will stamp out tax evasion — Cyprus Finance Minister Charilaos Stavrakis unveiled a fiscal package aimed at generating savings and additional revenue of EUR 500 mln a year to curtail growing deficits, but pledged that the government would not resort to new taxation. Instead, the onus will be on cost
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— Turkey most preferred destination for Brits, Cyprus still popular — The first shots of a massive new holiday price war were fired including up to 20% off some trips for next summer to get more Britons abroad with Turkey set to become the most popular destination for British tourists in 2010. The price war
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Israel’s S.D.E in joint venture talks An Israeli renewable energy company is talking to government officials to investigate the installation of a wave-energy electricity generation plant within the Larnaca marina that could also power up a water desalination unit, resolving two problems at once. According to an announcement, Tel Aviv-based S.D.E has been in
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