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Cyprus’ Industrial Turnover Index for the period of January – December 2020 declined by an annual 7.7% affected by the coronavirus pandemic. According to data released by the Statistical Service of Cyprus (Cystat), the index for the local market declined by 9.9% in 2020 compared with the previous year whereas the index for exports marked an increase of 5% year on year. All economic activity sectors were affected by the pandemic and recorded losses compared with 2019 except the manufacturing of Refined …
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