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Cyprus News Agency: News in English, 11-02-28

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

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


CONTENTS

  • [01] CSE CHAIRMAN - INTERVIEW
  • [02] EUROSTAT - CYPRUS - INFLATION
  • [03] CYPRUS - TRANSPORT STATISTICS

  • [01] CSE CHAIRMAN - INTERVIEW

    The Cyprus Stock Exchange Council Chairman Giorgos Koufaris has pointed out the need for collective action from all stakeholders to attract foreign capital to Cyprus.

    Koufaris believes that as the global economy exits from the financial crisis, Cyprus could benefit from investment opportunities.

    ``Now is the time for Cyprus to turn outwards,`` Koufaris said in an interview with CNA.

    Koufaris said that the CSE is trying to deal with the adverse financial conditions by implementing its development programme and by promoting new products and services, as well with cost cutting policies.

    He said that the financial crisis has affected the CSE`s long-standing goal to attract new capital both foreign and domestic, as foreign and domestic investment interest has received negative blows as a result of the financial crisis.

    [02] EUROSTAT - CYPRUS - INFLATION

    Annual inflation in the Euro area1 was up to 2.3% in January 2011 compared to 2.2% in December 2010.

    At the same time, the annual inflation rate in Cyprus in January 2011 rose to 3.0%, compared to 1.9 in December 2010, figures from Eurostat, the statistical office of the European Union said Monday.

    Euro area1 annual inflation was 2.3% in January 2011, up from 2.2% in December 2010. A year earlier the rate was 0.9%. Monthly inflation was -0.7% in January 2011.

    EU3 annual inflation was 2.7% in January 2011, unchanged compared to December 2010. A year earlier the rate was 1.7%. Monthly inflation was -0.4% in January 2011.

    [03] CYPRUS - TRANSPORT STATISTICS

    ``Land Transport`` activity decreased during January December 2010 by 5,9% compared to the corresponding period of 2009, according to the Statistical Service.

    The «Water Transport» turnover value increased by 8,1% in 2010, compared to the corresponding period of 2009. «Air Transport» decreased by 3,7%.

    The «Postal and Courier activities» turnover value increased by 6,8%, compared to the corresponding period of 2009.


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