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Cyprus News Agency: News in English, 08-10-11

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] CYPRUS PRESIDENT - EURO ZONE MEETING
  • [02] CYPRUS - COMPETITIVENESS INDEX

  • [01] CYPRUS PRESIDENT - EURO ZONE MEETING

    Cyprus President Demetris Christofias leaves Sunday for Paris to attend the extraordinary Meeting of the Heads of State and Government of the Euro Zone.

    The purpose of this meeting is to define a joint action plan for the euro zone countries and the European Central Bank to deal with the current financial crisis.

    Christofias will be accompanied by Finance Minister Charilaos Stavrakis.

    [02] CYPRUS - COMPETITIVENESS INDEX

    Cyprus Global Competitiveness Index ranking has significantly improved, according to the Global Competitiveness Report 2008-2009 released by the World Economic Forum.

    Cyprus ranks 40th in the Geneva- based organization`s annual rankings of 134 nations. In 2007 Cyprus was at the 55th place. As concerns the ranking of EU countries, Cyprus is positioned in the middle, with 13 EU countries having secured high scores and 13 EU countries lower scores.

    The United States tops the overall ranking in The Global Competitiveness Report 2008-2009. Switzerland is in second position followed by Denmark, Sweden and Singapore. European economies continue to prevail in the top 10 with Finland, Germany and the Netherlands following suit. The United Kingdom, while remaining very competitive, has dropped by three places and out of the top 10, mainly attributable to a weakening of its financial markets.


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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