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Cyprus News Agency: News in English, 12-11-07

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

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


CONTENTS

  • [01] Commerce Minister addresses Friends of Europe`s annual Energy

    Policy Summit

  • [02] Rate of inflation in Cyprus dropped to 2.6% in October

  • [01] Commerce Minister addresses Friends of Europe`s annual Energy Policy Summit

    The differentiation of resources, routes and energy providers can enhance energy supply security and contribute to the normalization of the fluctuation of energy prices, Commerce, Industry and Tourism Minister Neoklis Sylikiotis said, adding that recent discovery of hydrocarbons in the Southern Eastern Mediterranean allows such an opportunity for the EU.

    Speaking during Friends of Europe's annual Energy Policy Summit entitled "A new Europe energy policy for the 21st century" held November 6 in Brussels, Sylikiotis said that the right energy policy for the region, particularly in relation to third countries, guarantees political stability and therefore energy security.

    According to an official press release issued here, in his intervention during the session on "Europe's Energy Outlook: Future Challenges and Opportunities", Sylikiotis said that even though it is required to promote policies for the Renewable Energy Resources and energy production, it cannot be ignored that mineral fuels, and specifically the natural gas, will continue to play an important role in the energy mixture of the EU. Referring to the importance of the role of the energy sector in reversing the impacts of the financial crisis, Sylikitis said that evaluations are that five million new jobs in the fields of Renewable Energy Sources and energy production.

    [02] Rate of inflation in Cyprus dropped to 2.6% in October

    The rate of inflation in Cyprus for October 2012 dropped to 2.6%, compared to 3.6% in September 2012 and 3.2% in October 2011.

    According to the Statistical Service of the Republic of Cyprus, the Harmonised Index of Consumer Prices for the first 10 months of 2012 was 3.4%, compared to the same period of 2011.


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