Day: May 16, 2021

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Draft law of Cyprus loan guarantee scheme sent to the European Commission for examination

The Finance Ministry in Cyprus is awaiting word from the European Commission if a draft law providing for the Cyprus loan guarantee scheme is in line with the Commission’s policies.

The draft law forwarded to the European Commission’s Directorate General for Competition Policy on Thursday, deals with government guarantees on loans which will be granted to self-employed and businesses, totaling €1 bn.

The Cyprus News Agency has learnt that the Ministry has forwarded the draft law and the Minister of Finance decree to the European Commission’s Directorate General for Competition Policy which is set to examine whether it is in line with its state aid rules.

 

Source: Cyprus News Agency

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FMs of Cyprus and Jordan support resumption of the Middle East peace process once de-escalation is achieved

Foreign Ministers of Cyprus and Jordan, Nikos Christodoulies and Ayman Al Safadi, concurred on Sunday that once de-escalation is achieved in the Middle East, the international community must act swiftly, in a purposeful and decisive manner, towards the resumption of the peace process track between Palestinians and Israelis.

An end to the vicious cycle of violence in the Middle East can only be achieved through a comprehensive and lasting peace settlement, based on a two-state solution and on the relevant United Nations Security Council Resolutions, Christodoulides said, following his deliberations in Amman with the Minister of Foreign Affairs of the Hashemite Kingdom of Jordan.

He added that he and Al Safadi concurred “that once de-escalation is achieved ― and we really hope this can be achieved soon ― the international community must act swiftly, in a purpo

 

Source: Cyprus News Agency