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

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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

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

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

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.

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