Insider Economy Cyprus sees sharp decline in exports for 2019

Cyprus sees sharp decline in exports for 2019

Cyprus’ total exports for this year have seen a sharp decline as they went from the €595.6 million recorded in June 2018 to  €227.8 million in June 2019, according to an official statement released by the Statistical Service of the Republic of Cyprus.

Exports to other EU Member States in June 2019 stand at €85.7 million as compared to €144.2 million in June 2018, while exports to Third Countries in June 2019 were €142.1 million as compared to last year’s €451.4 million.

The negative trend is confirmed when it comes to the number of total imports as well, as, in June 2019, it stood at €731.3 million, compared to €643.3 million in June 2018. Imports from other EU Member States in June 2019 were €479.6 million as compared to €426 million in June 2018.

The exports recorded in June 2019 include the transfer of economic ownership of vessels, with total value of €33.6 million, compared to last June’s €345 million in June 2018.

Top Stories

350 families to receive Limassol Municipality’s ‘Easter package’

The 'social grocery store' of Limassol Municipality has begun delivery on Friday morning of 350 Easter packages to families in need, the CNA reports. According...

Third Age Observatory sounds alarm over old people’s homes

The Third Age Observatory has sounded the alarm over the risk of a coronavirus outbreak at old people's homes. Its chairman Dimos Antoniou said there...

Cybercrime unit warns of blackmail emails

The Cybercrime arm of the police issued on Friday a warning to internet users of scammers circulating blackmail messages via email. The messages contain a...

31 Covid-19 patients at Famagusta Hospital

There are currently 31 patients being treated for Covid-19 at Famagusta General Hospital, which is the referral hospital for coronavirus. Three are in the increased...

3 month extension to residence permits for seasonal workers

The Civil Registry and Migration Department announced on Friday that the period of validity of the residence permits for seasonal employment is extended by...

Taste

Shaken potatoes (antinahtes)

Either you thrash the coriander seeds in a mortar, without making them into dust, or you gradually crush them in a blender. Rinse the potatoes...

Koulouri – finger bread

Thrash (or blend in a mixer) the mastic with the sugar and the mahlepi (if you can’t find it already pounded). Sift the flour...

Gopa with aubergine dip

Preheat the oven to 200°C and pierce the aubergines with a fork or skewer in several places. Cook in the oven till they soften,...

Cyprus coffee

Cyprus coffee is a dark concoction and supplies a rapid caffeine kick to its drinker. Usually, its consumption is a social event. No one...