Off­shores earn $357 mln, Feta name saga hits Cyprus ex­ports

Financial Mirror (Cyprus) - - FRONT PAGE -

The num­ber of off­shore reg­is­tra­tions ex­ceeded 23,000 with the sec­tor con­tribut­ing USD 357 mln to the econ­omy, while a Euro­pean Com­mis­sion de­ci­sion to al­low only Greek dairy pro­duc­ers to use the name ‘feta’ will hurt Cyprus ex­ports, ac­cord­ing to the is­sue 153, on March 13, 1996.

For­eign ex­change earn­ings from

Off­shore boom:

the off­shore in­dus­try rose 20% to USD 357 mln in 1995. From the 83 reg­is­tra­tions in 1976, the sec­tor had grown to 23,000, said In­te­rior Min­is­ter Di­nos Michaelides.

Feta

de­ci­sion:

The Euro­pean Com­mis­sion pro­posal that the name “feta” ap­ply only to cheese made in Greece will af­fect all Cyprus dairy ex­ports that in­clude feta, said Pan­i­cos Had­ji­costas of Chris­tis Dairies. How­ever, he ad­mit­ted that ‘feta’ or ‘fetta’ ex­ports were far less than the pri­mary sales of hal­loumi

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