After a long lag, the impact of higher international oil prices seems to have taken its toll on consumer price inflation in Cyprus, as prices rose in September by 1.8% in the previous month–their fastest rise this year and the fastest monthly rate for two years. Compared with the same month of 2004, inflation accelerated

Wind power included The Cyprus Energy Regulatory Authority announced on Thursday October 7 the first winners of new energy licences since liberalisation of the energy market took place on May 1, 2004. The largest private-sector licence went to Unenes Ltd, a Cyprus-registered company, for the construction of a 230 mw combined cycle power plant in

The European Commission has decided to impose a fine of EUR 49.5 mln on Automobiles Peugeot SA and Peugeot Nederland N.V., for having obstructed exports of new cars from The Netherlands to consumers living in other Member States between 1997 and 2003. By preventing these exports of new cars, the companies committed a very serious

Some member states steam ahead Retail trade volume in the euro area rose by 2.0% year on year in August 2005, and by 2.2% in the EU25. Compared with July 2005, retail sales rose by 0.9% in the euro area and by 0.7% in the EU25. The non-food sector rose more quickly than the food

A Memorandum of Cooperation was signed yesterday by Cypriot Minister of Commerce, Industry and Tourism George Lillikas and Lebanese Minister of Public Works and Transportation Mohamad Safadi for the delimitation of the exclusive economic zone between Cyprus and Lebanon. According to an official press release, during the visit of the Cypriot Minister to Lebanon it

Tourism revenue climbed by 8.9% year-on-year in August to CYP 161.3 mln from CYP 148.1 mln a year ago in the same period according to the Statistics Department. For the period January – August 2005 revenue from tourism is estimated to CYP 673.9 mln compared to CYP 653.3 mln in the corresponding period of 2004,