Greek market cap at 84% of GDP  The Athens Stock Exchange (ATHEX) wants to promote and develop the common trading platform concept that is in place with the Cyprus Stock Exchange to include other regional exchanges as it intensifies efforts to increase its competitiveness. “We believe a lose tie-up between regional exchanges is in
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The Industrial Turnover Index (comprising Mining and Quarrying, Manufacturing, Electricity, Gas and Water Supply) for January 2007 reached 120.2 (Base 2000=100), recording an increase of 12.0% over to January 2006. For Manufacturing, the Index for January 2007 reached 111.1, also recording an increase of 12.0% compared with January 2006. Industrial production in the same period
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The index of industrial production for March 2007 reached 116.1 (Base 2000=100), recording an increase of 3.9% compared to March 2006. For the period January-March 2006 the index recorded an increase of 2.0% compared with the same period of the previous year. Mining and quarrying rose by 4.1%, manufacturing by 2.2% and electricity, gas and
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The Board of Directors of SAFS Holdings Ltd decided to proceed to the establishment of an insurance agency in Greece, which will represent foreign insurance companies in the general and life sector in Greece. The proposed name for the company above is “Via Life & Moto SAâ€, given that all necessary approvals by the Greek
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The Statistical Service of Cyprus announces that it has published the monthly report “Intra-Extra E.U. Trade Statistics (Summarised Data)†for May 2007. The main developments in Cyprus foreign trade were was follows. Total imports/arrivals (covering total imports from third countries and arrivals from other member states) in January-May 2007 amounted to CYP 1,405.0 mln compared
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Many employers in Cyprus treat staff the same way as their accountants do: as a cost. But as countless research has shown, a happy employee is more likely to work hard, bring fresh ideas into the company and make a positive contribution to the bottom line. At the other end of the spectrum, if you
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The Greens Party of Cyprus praised Finance Minister Michael Sarris for appealing to the public to save on fuel by sharing cars or avoiding excessive driving in order to counter the galloping rise of oil prices. The environmentalists rightly took their argument one step further and challenged the Ministry of Finance to consider a bus
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The Cyprus Statistical Service Cystat has published the annual report “Construction and Housing Statistics, 2006€. The report contains detailed data on the construction sector, pertaining, inter alia, to output, capital formation, inputs, new dwellings completed, building permits authorised, labour cost index and price indices of construction materials. The main developments in the construction sector in
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Construction activity in Cyprus was less robust than initially thought in 2007, according to the second provisional estimate for gross domestic product (GDP) issued by the Statistical Service Cystat. Although the overall growth rate remains that same, at 4.4% compared with 4.0% in 2006, Cystat has made various adjustments to the components following the receipt
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Japanese and Euro zone finance ministers called for G7 finance leaders meeting next week to seek a curb on excessive exchange-rate movements, amid growing concern over the economic effects of a sliding dollar. “It is important for the G7 members to confirm their shared understanding that excessive foreign exchange rate moves are undesirable for economic
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