Cyprus PIO: News Update in English, 99-04-28
From: The Republic of Cyprus Press and Information Office Server at <http://www.pio.gov.cy/>
Wednesday, 28 April 1999
-  Cyprus seeks measures to upgrade tourism product
-  Imports and Exports decrease in January 1999
-  Cyprus new High Commissioner to Singapore presents credentials
 Cyprus seeks measures to upgrade tourism product
Tourism is the most vital sector of Cyprus' economy and the country's most
productive activity˛, Cyprus Minister of Commerce, Industry and Tourism Mr
Nicos Rolandis stressed yesterday.
Mr Rolandis, who was addressing the Cyprus Hotel Association Annual General
Meeting indicated that tourist arrivals marked an increase of 13,5 per cent
during the first three months of 1999 while revenue from the number of
tourists who visited the island in 1998 reached 880 million pounds.
Mr Rolandis also said that the Council of Ministers will soon decide on
tourism's targeted growth rate as well as on measures to upgrade the
tourism product, including measures aimed at spreading out the seasonability
 Imports and Exports decrease in January 1999
Cyprus' total imports and exports marked a slight decrease in January 1999,
according to a report released yesterday by the Department of Statistics
The report indicates that imports totalled L 125,5 mn in January 1999 as
compared with L156,5 mn in January 1998. The exports reached L32,1 mn while
last year they totalled L53,9 mn.
As a result of the above developments, the trade deficit accounted for L93,
3 mn compared to L102,6 mn of the same month last year.
 Cyprus new High Commissioner to Singapore presents credentials
Cyprus High Commissioner to India, Ms Rhea Giordamli presented yesterday
her credentials to Singapore President Mr Ong Teng Cheong. Ms Yordamli will
be the Republic's new High Commissioner to Singapore, based in New
From the Republic of Cyprus Press and Information Office (PIO) Server at http://www.pio.gov.cy/