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Cyprus News Agency: News in English, 11-06-28

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

From: The Cyprus News Agency at <>


  • [03] EMPLOYMENT RATE - Q1 2011


    Cyprus` National Council, the top advisory body to the President of the Republic on the Cyprus issue, convenes today under President Demetris Christofias who is briefing the Council members on the latest developments in the Cyprus problem.

    The meeting, which began 10:05 local time, takes place ahead of the July 7 meeting in Geneva with the UN SG Bank Ki-moon, Christofias and Turkish Cypriot leader Dervis Eroglu.

    The National Council comprises the leaders and representatives of the parliamentary parties, former Presidents of the Republic while the Foreign Minister, Government Spokesman, Undersecretary to the President and members of the negotiating team participate in the meeting.


    President of the Republic of Cyprus Demetris Christofias and Turkish Cypriot leader Dervis Eroglu will holding a new meeting on Thursday in the context of UN-led direct talks to solve the Cyprus problem.

    The meeting will take place at 1000 local time at the residence of the UN Secretary General`s Special Representative in Cyprus Liza Buttenheim, in the UN-protected area of the Nicosia airport.

    Speaking after their previous meeting on June 21, the UN Secretary General`s Special Adviser on Cyprus Alexander Downer had said that the leaders of the two communities had focused on their meeting scheduled for July 7 with UN Secretary General Ban Ki Moon in Geneva, and had also discussed issues concerning governance and power-sharing.

    [03] EMPLOYMENT RATE - Q1 2011

    For the first quarter of 2011, the number of employed persons amounted to 379,700 persons, of which 208,200 males and 171,500 females, and the number of unemployed persons to 30,200 persons, of which 16,100 males and 14,100 females.

    According to the results of the Labour Force Survey, which is carried out in accordance with a European Union Regulation, the employment rate for persons aged 20 to 64 was 74.7%, of which 81.3% males and 68.1% females, remaining at the same level with the corresponding quarter of 2010.

    The unemployment rate amounted to 7.4% of the labour force, of which 7.2% males and 7.6% females, remaining at the same level with the corresponding quarter of 2010.

    Also, the unemployment rate for young persons aged 15 to 24 amounted to 20.7% of the labour force of the same age group, remaining also at the same level with the corresponding quarter of 2010.


    The Cyprus Telecommunications Authority (Cyta) has announced the commercial operation of the Cyprus-Egypt segment of its private submarine cable subsystem ALEXANDROS.

    According to a press release, following the successful activation of the Cyprus-France segment in August 2010, the Cyprus-Egypt segment is planned to be activated during summer 2011, complementing available capacity and connectivity in the Mediterranean, ahead of other competing submarine systems passing through Egypt. Furthermore, the landing in Egypt provides the opportunity to transport Cyta traffic to key European and Asian destinations and cost-effectively reach regional markets accessible via Egypt.

    ALEXANDROS subsystem is the result of the strategic cooperation agreement in the Mediterranean region between Cyta and Telecom Egypt.

    Through the subsystem, Cyta achieves an optimum configuration for its business needs, enhancing connectivity in the Mediterranean and providing international network robustness and reliability. At the same time, ALEXANDROS allows Cyta to provide high-quality bandwidth to other telecommunications providers in Cyprus and elsewhere and access new markets, serving the international telecommunications needs of Cyprus in general.

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