The industrial production index reached 129.2 in September 2008, recording an increase of 2.6% compared with September 2007. For the period January – September 2008, the index recorded a rise of 3.4% compared with the same period of the previous year. For manufacturing, the index for September 2008 reached 117.5, recording an increase of 3.3%
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The turnover value of the “Hotels and Restaurants” sector for the period July-September 2008 recorded a decrease of 1.2% compared to the corresponding period of 2007, in keeping with falling tourism arrivals. “Architectural, Engineering and other related activities” recorded an increase of 4.6% in the same period. This was in sharp contrast to the 24.3%
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Fewer than 7% of Cypriots shop online according to the annual survey by the Statistical Service covering households and enterprises. The household survey covered 1,599 households and 3754 individuals 16 – 74 years old. It covered all the government controlled areas of the Republic of Cyprus, urban and rural. The data were collected with personal interviews.
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Revenue from tourism in Cyprus fell by 3.7% year on year in October, even steeper than arrivals which dropped by 2.6% in the same month. On the basis of the results of the Passenger Survey, revenue from tourism reached EUR 198.6 mln in October 2008 compared to EUR 206.3 mln in the corresponding month of
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The production of cows’ milk for August decreased to 11,710 tonnes from 11,960 tonnes in the previous month. Compared to the same month of the previous year, however, it increased by 4.18%. Milk products produced in June reached 6,420 tonnes of drinking milk, 300 tonnes of cream, 510 tonnes of acidified milk, 10 tonnes of
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Euro zone inflation plunged in November and unemployment jumped more than expected, boosting the chances that the European Central Bank will make its largest ever interest rate cut next week to help a shrinking economy. Consumer price inflation in the 15-country bloc fell 1.1 percentage points, the biggest drop since the euro zone was created
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A weaker oil price reflecting poor economic demand ahead shut off a rally in world stocks on Friday while government bond yields sank and the dollar recovered from early losses. Oil fell below $54 a barrel, on course to end the month down more than 20 percent, as OPEC ministers prepared to meet in Cairo
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OPEC ministers said on Friday they were likely to defer a decision on their third output cut until next month, despite an accelerating slump in fuel demand that has slashed the price of oil by two-thirds since July. Caught off guard by a severe decline in energy consumption in the West, the Organization of the
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Britain's government bought a majority stake in one of the country's biggest banks and Germany's Commerzbank accelerated its takeover of a rival as the shake-up of European banks gathered pace with help from taxpayers and shareholders. Britain's move was the latest attempt by countries around the world to shore up ailing banks amid a global
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New media and old can clash and crowd each other out, but blogger extraordinaire Arianna Huffington argues in a new book that the two worlds are rapidly joining together to bring out the best in each other. Traditional journalists are blogging, while bloggers are gaining credibility and stature in traditional media, Huffington said in a
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