Cyprus News Agency: News in English, 16-10-12

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From: The Cyprus News Agency at <http://www.cyna.org.cy>

CONTENTS

[01] Construction of the EuroAsia Interconnector to begin in 2017

[02] Seasonally adjusted industrial production up by 1.6% in the euro

area for August, unchanged in Cyprus for July

[01] Construction of the EuroAsia Interconnector to begin in 2017

The official operator of the EuroAsia Interconnector electricity connection, a project approved and supported by the European Commission, announced Wednesday that the technical and economic studies have successfully concluded and work on the 1520km ‘electricity highway' that will secure international energy supply will begin in 2017.

Construction work will begin in 2017 with completion of the first section (Cyprus-Israel) in 2019, the second section (Crete-Attica) in 2020 and the final section of Cyprus-Crete in 2022.

The EuroAsia Interconnector will establish the first electricity corridor between the eastern Mediterranean and the European Union, ending the energy isolation of Cyprus, as well as Crete and Israel, and will vastly contribute to energy supply and security in the region.

(CNA)

*The full text of the news item is available in the paid version of the CNA web service.

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[02] Seasonally adjusted industrial production up by 1.6% in the euro area for August, unchanged in Cyprus for July

Seasonally adjusted industrial production rose by 1.6% in the euro area (EA19) and by 1.4% in the EU28, in August 2016 compared with July 2016, according to Eurostat, the statistical office of the European Union.

In July 2016 industrial production fell by 0.7% in both zones. In August 2016 compared with August 2015, industrial production increased by 1.8% in both zones.

Seasonally adjusted industrial production remained unchanged (0.0) in Cyprus for July 2016 compared to June 2016 and rose by 8.4% since July 2015, according to Eurostat. Data for Cyprus are updated in different intervals.

The increase of 1.6% in industrial production in the euro area in August 2016, compared with July 2016, is due to production of durable consumer goods rising by 4.3%, capital goods by 3.5%, energy by 3.3% and intermediate goods by 1.4%, while production of no ...

(CNA)

*The full text of the news item is available in the paid version of the CNA web service.

*CNA reserves the copyright to the news stories it files, which is granted to subscribers for specific use only.

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