Industrial expenditure on environmental expenditure in Cyprus fell in 2006 according to the latest figures from the Statistical Service, Cystat. Total expenditure for environmental protection activities in industry in 2006 is estimated at CYP 17.3 mln, which corresponded to 0.21% of Gross Domestic Product (GDP), compared to CYP 17.9 mln or 0.23% in 2005. By
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Total sales of petroleum products in 2007 remained at the same levels as in 2006 according to the latest figures from the Statistical Service Cystat. Whereas there were higher sales of unleaded benzine and gasoil low sulphur, a reduction in the provision of petroleum products to ships and aeroplanes meant that the overall sales were
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Industrial output prices rose by 3.9% in 2007, compared with consumer price inflation (and EU-harmonised consumer price inflation) of 2.4% in 2007. The industrial output Prices index for December alone reached 130.9 (base 2000=100). For December 2007 the index recorded an increase of 0.2% compared to November 2007. In December prices for the local market
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The European Union will soon have its own home in Cyprus. The “House of Europe” in Cyprus is established in cooperation with the corresponding “House of Europe†in Rhodes, Greece.To celebrate the occasion a special event is being organised in cooperation with the Information Centre Europe Direct on February 8, in Nicosia. European Parliament’s Vice
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Societe Generale (SocGen), hit by massive losses it blamed on rogue trades, braced for fresh criticism on Tuesday after a government report highlighted major failings in its risk controls. Bank of France governor Christian Noyer, who last week said he warned SocGen less than a year ago to improve its market control systems, prepared to
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LONDON, Feb 5 (Reuters) – The euro slid on Tuesday after surprisingly weak euro zone service sector data fuelled expectations that the European Central Bank might have to bring forward any interest rates cuts to shore up growth. The euro fell more than 1 percent on the day against the dollar after figures showed service
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…CTC Scandia becomes “autonomous†Cyprus Trading Corporation Plc (CTC) is to proceed with the implementation of its broad based restructuring plan in line with a previous decision taken by the Board of Directors.The restructuring of CTC entails the transfer of the activities of CTC-Scandia, CTC-Argosy, CTC-Cassandra, CTC-Domex and CTC-Automotive into separate subsidiaries. Following the restructuring,
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Cyprus returned the remains of ten Greek nationals to their families on Tuesday, more than three decades after they were killed during the Turkish invasion of the island in 1974. Two of the men were officially registered as missing in action, while the others were killed on the front line defending the Greek Cypriot side
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NICOSIA (Reuters) – A two-year-old British girl was in serious but stable condition in a Cyprus hospital after being served detergent mixed with orange juice at a luxury hotel, police said on Tuesday. Annabel Rhodes suffered burns to her mouth and oesophagus after drinking the corrosive acid on Saturday night. “We had her on a
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Standard & Poor’s Ratings Services said that it lowered its long-term counterparty credit ratings on three Lebanese banks: Bank Audi SAL – Audi Saradar Group, Bankmed, s.a.l., and Blom Bank sal to ‘CCC+’ from ‘B-‘. At the same time, the long-term ratings on the three banks were removed from CreditWatch with negative implications, where they
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