One of the main priorities of the Swedish EU Presidency on environmental policy will be to reach an international agreement in Copenhagen regarding climate change, the Swedish Environment Minister Andreas Carlgren has said here today. Speaking after presenting the priorities and aims of the Swedish Presidency on environmental policy in a meeting with the Cypriot
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Cyprus has become a founding member of the Mediterranean and Black Sea Technology Platform for Maritime and Marine Research Innovation and Training (PTMB). The Cyprus Shipping Chamber recently participated in the launching of the Mediterranean and Black Sea Technology Platform for Maritime and Marine Research Innovation and Training (PTMB), as the shipping industry's representative in
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The index of industrial production for March 2009 is provisionally estimated to have reached 99.5 (base 2005=100), recording a decrease of 5.1% compared to March 2008 according to the Statistical Service. For manufacturing, the index for March 2009 reached 98.4, recording a decrease of 7.8% compared to March 2008. For the period January – March
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The Statistical Service has announced the turnover indices with a new base year 2005=100 (provisional estimates) for various branches of transport by activity for January – March 2009. The main developments by activity for the period of January – March 2009 were as follows. Land Transport activity decreased by 10.8% compared to the corresponding period
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U.S. Treasury Secretary Timothy Geithner on Monday reassured the Chinese government that its huge holdings of dollar assets are safe and reaffirmed his faith in a strong U.S. currency. A major goal of Geithner's maiden visit to China as Treasury chief is to allay concerns that Washington's bulging budget deficit and ultra-loose monetary policy will
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The U.S. manufacturing sector contracted at a slower rate in May, while consumer spending fell modestly in April, according to reports on Monday that were further evidence the deep recession was easing. The Institute for Supply Management said its index of national factory activity rose to 42.8 in May from 40.1 in April. This was
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More than 500,000 Cypriots, in addition to some 6,000 nationals of other European Union members, will go to the polls on Saturday to elect six Euro MPs who will represent the Republic of Cyprus at the European Parliament. The six seats are being contested by 47 candidates, most of whom represent the six parliamentary parties,
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European stocks rose by midsession on Monday, driven by banks, commodity shares and automakers as optimism about a recovery in the global economy grew after China's manufacturing activity continued to expand in May. By 1039 GMT, the FTSEurofirst 300 index of top European shares was up 2 percent at 879.23, having hit 881.27 points —
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World stocks and oil rose to their highest levels in almost seven months on Monday while the dollar hit 5-month lows after evidence of a recovery in global factory activity fanned optimism about the world economy. Such optimism triggered broad-based buying of riskier assets and offset long-expected news that General Motors will file for bankruptcy,
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Moody's Investors Service estimates in a report published Monday that recapitalisation needs from external sources for the Russian banking system in 2009 will be RUB1.3 trln (US$ 40 bln). The report identifies the critical issues for Russian banks in 2009, assessing the risks and challenges associated with the recent devaluation of the Russian rouble against
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