Trade deficit reaches 1.6 billion euros

CYPRUS’ trade deficit for the first four months of 2010 reached 1.6 billion euro, according to figures released by Eurostat yesterday.

Total exports reached 300 million euro, recording an increase of 12 per cent compared to the corresponding period of 2009, whereas imports

 

declined by 8 per cent, compared to same period of 2009, reaching two billion euro.

For the same period EU-wide trade balance recorded a surplus of 19 billion euro concerning trade with the US, whereas the EU recorded a deficit

 

of 44.9 billion euro regarding trade with China and a deficit of 24.4 billion euro concerning trade with Russia.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.