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Cyprus PIO: News Update in English, 99-04-28

Cyprus Press and Information Office: News Updates in English Directory - Previous Article - Next Article

From: The Republic of Cyprus Press and Information Office Server at <http://www.pio.gov.cy/>

Wednesday, 28 April 1999


CONTENTS

  • [01] Cyprus seeks measures to upgrade tourism product
  • [02] Imports and Exports decrease in January 1999
  • [03] Cyprus new High Commissioner to Singapore presents credentials


[01] 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 of tourism.

[02] 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 and Research.

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.

[03] 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 Delhi.

From the Republic of Cyprus Press and Information Office (PIO) Server at http://www.pio.gov.cy/


Cyprus Press and Information Office: News Updates in English Directory - Previous Article - Next Article
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