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Cement sales confirm property problems

Further confirmation that the Cyprus property and construction sectors are facing serious problems came today with the release of domestic sales figures for cement by the Cyprus Statistical Service (CYSTAT).

FURTHER confirmation that the Cyprus property and construction sectors are facing serious problems came today with the release of domestic sales figures for cement by the Cyprus Statistical Service (CYSTAT).

With many new developments either mothballed or frozen, domestic sales of cement in April 2009 fell by 28.6% compared to a year ago. (In March, cement sales fell by 29.6%).

For the first time after several months, the industry decided to export cement with 5,300 tons being exported in April.

Tourism

There was also disappointing news on the number of tourists arriving from the UK. In April, a mere 84,526 visited the island compared to 93,862 a year ago; a decrease of 9.9%.

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