The Statistical Service reported the general turnover index for a range of services on Monday, showing that the sector underwent a routing in the third quarter. The general turnover index (which does not refer to the whole services sector) recorded a decrease of 6.1% compared to the period July – September 2008. Accommodation services (hotels)
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Industrial production continued its decline in September, as the index of industrial production reached 105.2 (base 2005=100), recording a decrease of 8.9% compared to September 2008. In August the production index had dropped by 5.2%. For the period January – September 2009, industrial production fell by 8.8% compared to the same period of the previous
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Cyprus was less of a magnet for foreigners in 2008 than in previous years, according to the annual “Demographic Report” published on Monday. The report gives, inter alia, an account of population developments and provides data on a time series basis on fertility, mortality, marriages, divorces and migration. According to the report, net migration flows
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The Cyprus e-Commerce Subsidy Plan has been launched, which was designed and will be implemented within the context of European Union policies, aims to promote the adoption of electronic Commerce Technologies/ Strategies by local companies, thus facilitating realization of potential benefits offered. The subsidy Scheme will be officially launched on December 1st 2009, announced Universal
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The population in the southern government controlled areas of Cyprus recorded a 1% increase in 2008, according to a demographic report issued by the Statistical Service, which gives, inter alia, an account of population developments and provides data on a time series basis on fertility, mortality, marriages, divorces and migration. The population in the Government
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Seychelles will modify its taxes to bolster revenue and curb public spending next year to support a return to growth for its heavily indebted economy, the finance minister said in his budget speech on Monday. Danny Faure said year-on-year inflation would plummet to 2 percent on the import-dependent Indian Ocean archipelago after peaking at 63.6
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Persistent confusion over Dubai's debt workout and erratic year-end trading hit European and UK shares and sterling again on Monday, deflating earlier buoyancy in Asia as the United Arab Emirates moved to shore up its banks. Dubai's proposed delay last week in repaying billions of dollars of debts sent shock waves across world markets, wary
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The fundamental credit outlook for the Ukrainian banking sector remains negative, reflecting the vulnerable state of the credit fundamentals of domestic banks in the medium term amid the ongoing financial and economic crisis, Moody's Investors Service said in its new Banking System Outlook on Ukraine. Particular concerns relate to downward pressure not only on banks'
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Orphanides Pcl (ORF) reported a 88% increase in 9M09 results posting a net profit figure of EUR 2.66 mln compared to EUR 1.42 mln in 9M08 on the back of higher sales and a successful cost containment of overheads. EPS stood at EUR 0.0329. Sales jumped 16.8% year-on-year to EUR 146.6 mln from EUR 125.5
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President of Cyprus Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat will meet on Tuesday in the framework of the UN-led direct talks for a Cyprus solution, to continue discussion on the subject of aliens, citizenship, immigration and asylum. According to statements by Special Representative of the UN Secretary-General in Cyprus Taye-Brook Zerihoun, the
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