No compromise deal was made on the issue of direct trade for Turkish Cypriots during the visit to Cyprus on Thursday by Enlargement Commissioner Olli Rehn and EU Presidency foreign affairs representative Nicolas Schmit. The direct trade regulation, which would allow preferential trade for Turkish Cypriot goods with EU countries has been blocked for over

Muskita Alumnium Industries (MAI) reported a disappointing set of first quarter results, which saw net profits tumble by 19.4% to CYP 1.01 mln from CYP 1.25 mln in the same period a year ago. Earnings per share fell to 1.23 cent from 1.52 cent a year earlier. Total turnover increased by 5.3% to CYP 7.15

The number unemployed persons registered at the District Labour Offices on the last day of April 2005 decreased by 1,376 compared with March 2005 and reached 11,134 persons or 3,2 % of the labour force. The decrease from the previous month was mainly recorded in the sector of hotels and restaurants. In comparison with April

The Cyprus Statistical Service has announced that the harmonized index of consumer prices in April 2005 recorded an increase of 2.8% compared to the corresponding index of April 2004, while a year earlier, April 2004, the rate of increase was 0.1%. On a month-on-month basis, HICP rose by 1.0%; the largest rise was recorded in