Imports from Greece have reached 1.1 billion euros, marking a 16% increase, said Commerce, Industry and Tourism Minister Antonis Paschalides.
Speaking at a press conference on Thursday on the sidelines of the 73rd Thessaloniki International Fair (TIF), Paschalides said that the balance of trade between Cyprus and Greece leans against Cyprus since in 2007, the total commercial transactions rose to 1.3 billion euros, marking an increase of 18%, compared to 2006 when it was 1.1 billion euros.
Cyprus exports reached 214.8 m. euros while exports to Greece amounted to 58.2 m. euros, registering a 16.0% increase compared to 50.1 m. in 2006.
Despite the imbalance, said Paschalides, numbers indicate that the Cyprus market prefers Greek products, putting Greece at the top on imports to Cyprus, while Cypriot products rank second in exports to Greece. “We can say that these figures are at a very good level with good prospects for the immediate future”, the Minister added.
Source: Cyprus News Agency
