Crisis: Cyprus' trade balance deficit continues to fall

11 June, 12:58

    (ANSAmed) – NICOSIA, JUNE 11 - Imports in the Republic of Cyprus continued to fall as exports continued to rise in April, which led to a fall of the trade balance deficit, daily Financial Mirror reports citing preliminary data published on Monday by the Cyprus Statistical Service. The trade balance deficit continued to fall on a monthly basis for the sixth consecutive month since November 2012, recording in April 161 million euros compared to 373.74 million euros in April 2012 and 261.95 million euros in March 2013. On an annual basis the deficit was down in April for the eighth month running, since September 2012. Additionally, the preliminary data shows a significant reduction in the trade balance deficit by 450 million euros in the period between January and April 2013 which shrank to 1 billion euros from 1.45 billion euros during the corresponding period of last year.(ANSAmed).

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