Cyprus has protested to the UN new violations of its airspace and Nicosia FIR (Flight Information Region) by Turkish fighter jets. An official press release issued here Friday said that in a letter to the UN Secretary General, dated 17 December 2007, Cyprus Permanent Representative to the UN, Ambassador Andreas Mavroyiannis, drew attention to the
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Total deposits by end of November 2007 jumped 21.1% to CYP 22.52 bln while total loans given by all banking institutions were up 34.2% YoY to CYP 15.09 bln, according to the latest Monetary Survey issued by the Central Bank of Cyprus. The November Monetary Survey report also reveals that lending in local currency reached
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Total advances by International Banking Units operating from Cyprus amounted to $7.99 bln by end of October 2007, up $2.1 bln in the first ten months of the year and $327 mln compared to September 2007 according to the Monetary Survey of the Central Bank of Cyprus compiled by the Financial Mirror. Total investments booked
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The Statistical Service Cystat has announced the publication of the annual report “Tourism Statistics” for 2006. The report provides detailed data on the movement of travellers, tourist flows, revenue from tourism, movement of permanent residents and overnight stays in tourist accommodation. The report can be downloaded free of charge from the website of the Statistical
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The industrial output prices index for November 2007 reached 130.8 (base 2000=100). For November 2007 the index recorded a decrease of 0.1% compared with October 2007. For the period January–November 2007, the index increased by 3.7% compared with January-November 2006. For manufacturing, the index for November 2007 reached 130.4, recording a decrease of 0.2% compared
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The Statistical Service Cystat estimates that the total amount of municipal solid waste generated in Cyprus in 2006 stands at 571,000 tonnes compared with 553,000 tonnes in 2005, showing an increase of 3.2%. From the total amount generated in 2006, 87.4% was delivered to landfills and the remaining 12.6% is estimated as having been collected
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The UAE Ministry of Economy has fined Kuwaiti food company Americana AED 10,000 (US$ 2,725) for increasing its fast food prices, despite previous warnings from the Supreme Committee for Consumer Protection. The Ministry has promised to pursue stiffer penalties if the food company continues to disobey government mandate. The penalty was imposed after representatives of
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Ericsson has announced that a brand-new security device with positioning capabilities, enabled by Ericsson technology, has been launched in Japan. NTT DoCoMo, Inc., the Japanese telecoms giant, has launched a safety device that gets high-precision location information by using the GPS function. The device is designed to provide family members or authorities with positioning information
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While foreign ownership has played a major role in the development of the Lithuanian banking system, rapid loan growth and economic overheating are raising concerns, Moody’s Investors Service said in its new Banking System Outlook for Lithuania. There were nine commercial banks and four foreign bank branches operating in Lithuania as of October, Moody’s noted,
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Nokia Siemens Networks has completed the world’s first multi-user field trial in an urban environment using the new Long Term Evolution (LTE) technology that offers mobile data rates up to 173 Megabits per second. In recent years the wireless industry has made a series of progressive improvements in the performance. However, end users now make
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