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Cyprus News Agency: News in English, 09-11-09

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

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


CONTENTS

  • [01] PRESIDENT - TALKS PROPERTY ISSUE
  • [02] CYPRUS - GDP
  • [03] CYPRUS INDUSTRIAL INDEX

  • [01] PRESIDENT - TALKS PROPERTY ISSUE

    President of the Republic of Cyprus Demetris Christofias assured on Monday he would continue with determination to participate in talks to solve the Cyprus problem, noting that the people of Cyprus would have the last word on any outcome.

    Speaking at Larnaca Airport before his departure for Berlin, President Christofias said the Greek Cypriot side maintained its positions on the issue of property and assured that ``there are no concessions of principles.``

    Asked about reports in the Turkish Cypriot press that he had suggested the interruption of the talks in view of so-called elections in the Turkish occupied areas in April, President Christofias said ``no such issue was raised by me.``

    [02] CYPRUS - GDP

    Cyprus Gross Domestic Product (GDP) for 2008 is expected to reach 17.247,8 million Euro at current prices from 15.879,1 million Euro in 2007, according to estimations of the Statistical Service of the Republic of Cyprus.

    At constant prices of 2005, GDP is estimated to reach 15.269,9 million Euro in 2008 from 14.736,7 million Euro in 2007.

    The growth rate in real terms is estimated to reach 3.6% in 2008, compared to 5.1% in 2007. Analytical data by sector is presented in the National Accounts tables.

    The National Accounts data for the year 2007 has been revised on the basis of the final results from the economic surveys for the reference year, while the revised data for the year 2008 is based on the most recently available indices.

    [03] CYPRUS INDUSTRIAL INDEX

    The Industrial Turnover Index for August 2009 reached 98.8 units (base 2005=100), recording a decrease of 10.3% compared to August 2008.

    According to the Statistical Service of the Republic of Cyprus, for the period January-August 2009, the index recorded a decrease of 10.5% compared to the same period of the previous year.

    For Manufacturing, the index for August 2009 reached 88.9 units, recording a decrease of 8.4% compared to August 2008.


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