Finance Minister gravely concerned over inflation pressures amid the crisis in Ukraine

Cyprus Finance Minister Constantinos Petrides expressed his grave concern over inflationist pressures, noting this is the “most dangerous parameter of the crisis” with unknown results.

Speaking in a panel discussion with Energy Minister Natasa Pilidou during the 12th Nicosia Economic Congress, Petrides said the policy of imposing a green tax on fuel prices should be revised with a view to smooth out green transition and to reduce social consequences.

Petrides’ remarks come in the backdrop of rising inflation, due to the rising demand as the world economy is recovering from the COVID-19 pandemic, while the Russian invasion in Ukraine exacerbated inflationist pressures due to rising energy prices.

He noted that the current inflation, which has the characteristics of the 1970s oil crisis, can be difficultly tackled because it stems from imported energy and grain products whose prices are rising and it is unknown whether it will abate.

“If this situation continues, surely many countries’ economic policies will have to be readjusted, more public money will be targeted towards the vulnerable to avert the possibility of energy poverty and to protect the most vulnerable groups because they will bear the brunt of inflation,” he said, adding he is not optimistic on whether inflation can be curtailed.

Limited exposure to Russia

Concerning Cyprus’ exposure to Russia, Petrides said the exposure of the Cypriot banking system to Russian is very low with Russian deposits at 3.8% of the total and just 0.8% being exposed to Russia, while the Cypriot Central Bank holds no Russian reserves.

Surely some transactions will be affected but the impression that Cyprus is overexposed to Russia is false, he added.

Cyprus should be a part of Europe’s energy diversification, Pilides says

On her part, Pilidou referred to the feasibility studies for the EastMed, a pipeline aspiring to link the Eastern Mediterranean natural gas deposits with Europe via Cyprus and Greece, stating that the project’s viability will be determined by the discovery of the appropriate natural gas quantities and finding the suitable markets.

She also noted that if the project would proceed, this should be done immediately, as Europe has some short-term needs, adding however that it is not certain that all the Egyptian and Israeli natural gas deposits would be available for export to Europe, as these countries have significant domestic markets to satisfy.

Referring to the Cypriot natural gas discoveries, Pilidou said particular effort and importance is needed, as the war in Ukraine highlights the need of reducing the dependency with certain energy markets.

“Our effort is not only to continue our exploration programme but to be part of the plan for reducing dependency which will not be easy, given that Cyprus does have deposits which can be immediately utilised but require some more years to be exploited even in the most expedited process.

So far Cyprus has one confirmed natural gas deposit in Aphrodite gas field in block 12, which is estimated to hold 4.5 trillion cubic feet, while explorations in Glaucus gas field in block 10 revealed a gross mean of 5 to 8 tcf.

Source: Cyprus News Agency

Cyprus tourism sees hope in 90 weekly arrivals from alternative markets

Cyprus is expecting 90 weekly arrivals from alternative tourism markets, as a result of the policies put forward by the Deputy Ministry of Tourism for a sustainable and resilient tourism industry, Deputy Minister, Savvas Perdios said on Tuesday, during a round table discussion at the 12th Economic Forum, in Nicosia.

Perdios spoke about tourism policies which aim at economic, social and environmental sustainability, and stressed efforts to differentiate Cyprus’ image from that of the Greek islands, which are mostly known as summer destinations. “Cyprus does not want to be Greece”, he said, as he explained the need to promote Cyprus as a year-round destination, with authentic experiences, rich culture and history, as well as interesting activities in touch with nature.

He also mentioned that a strategic goal is to spread the benefits from the tourism industry throughout the entire country, not just the seaside areas, as Cyprus can no longer be considered as a destination solely for its sunshine and its coastline.

Perdios also said that another goal is to increase the expenditure per capita by each visitor, by offering a larger variety of options, that will also encourage tourists to stay longer in Cyprus. He explained that, following the pandemic, people have turned to slow tourism and there was a shift in the type of tourists in general, with visitors asking to be in touch with the local community, to enjoy authentic experiences and enjoy the natural environment.

The measures that provide support to remote communities, offer incentives in relation to alternative tourism and create local labels for products, sites and experiences, said the Deputy Minister. As a result, he went on, this year there are 40 weekly flights from Germany, 20 from France and 30 from the Scandinavian countries. Competent authorities hope that flights from destinations, such as these, will cover the gap created in Cyprus’ traditional markets due to the war in Ukraine and will support a sustainable future for the local industry.

Source: Cyprus News Agency

House President to visit Polish-Ukrainian border on April 19

The President of the House of Representatives, Annita Demetriou, will travel to the Polish-Ukrainian border on April 19, following an invitation addressed to the women Presidents of the Parliaments of the EU Member States by the President of the Polish Parliament, Elzbieta Witek.

In a statement at the Parliament, Demetriou said that the invitation concerns visits to refugee reception facilities on the Polish-Ukrainian border, adding that “the purpose is to be informed about the whole situation, the shocking drama that we see all these days because of the unacceptable Russian invasion of Ukraine, and it is a joint initiative to alleviate and support these people.”

Cyprus is fully aware of what the Ukrainian people are suffering, because it has experienced the catastrophic consequences of the ongoing occupation for more than 47 years, said Demetriou.

The mission to the Polish-Ukrainian border will leave on April 19 and will return on the 21st of the month, she added.

She also expressed her confidence that there will be similar initiatives in the future.

The aim is to put pressure on Russia to stop everything that is happening, in order for logic, dialogue and peace to prevail, said Demetriou. “We hope that this will be done as soon as possible so that we can see how we strengthen Ukraine, how we help these people rebuild their cities, their homes, to have the future they deserve,” she concluded.

Source: Cyprus News Agency

Kasoulides participated in General Affairs Council that approved proposal to ensure supply of medicines to Cyprus, Malta and Northern Ireland

The General Affairs Council (GAC) of the European Union has approved a directive and a regulation aiming to ensure an uninterrupted supply of medicines from the United Kingdom to the markets of Cyprus, Malta and Ireland, as well as to ensure the supply of medicines to Northern Ireland, during its meeting which was held on Tuesday in Luxembourg.

According to a statement issued by the Ministry of Foreign Affairs, the agreement provides for a temporary derogation for a transitional period of three years regarding the supply of medicines from the UK to the markets of Ireland, Malta and Cyprus.

Kasoulides, who represented Cyprus at the meeting, along with his counterparts from Malta and Ireland welcomed the adoption of the legislation and thanked the French Presidency of the Council of the EU for its efforts towards reaching an agreement.

Also on the agenda of the GAC was an exchange of views on the state of the rule of law in in five member states (Malta, Hungary, the Netherlands, Luxembourg and Austria), as part of the ongoing dialogue related to the publication of the Commission’s third annual report on rule of law next July.

GAC members also exchanged views on the next steps of the Conference for the Future of Europe Conference according to the MFA statement, with Cyprus expressing its strong support.

Regarding Kasoulides’ participation in the Foreign Affairs Council (FAC) on Monday, the MFA announcement points out that the ministers discussed the latest developments in Ukraine, the Western Balkans and Libya.

On the Western Balkans, Kasoulides noted that the momentum created by the prospects of the countries in the region to enter the EU must be made use of, and that the EU must remain consistent in its commitments so that it can exert a positive influence particularly in Bosnia and Herzegovina and the dialogue between Belgrade and Pristina.

On Libya, Kasoulides stressed that foreign troops and mercenaries must be withdrawn from the country, as their presence increases the danger of the conflict being perpetuated as happened in Syria.

He also pointed out that a similar situation is developing in Mali, and stressed that the EU should focus its attention on foreign forces which have a destabilising role.

On Yemen, Kasoulides said that regardless of progress in the search for a solution, it is imperative to condemn Houthi terrorist attacks against civilians and non-military infrastructure in Saudi Arabia and the United Arab Emirates.

On Monday, the FAC discussed developments in Ukraine. During the discussion Kasoulides elaborated on Cyprus’ position on the situation following the Russian invasion.

Also, on the issue regarding the release of EU aid funds for the Palestinian Authority, Kasoulides said that Cyprus believes this should happen as soon as possible. He also expressed Cyprus’ support for the convening of an EU – Israel Association Council.

The Foreign Minister will return to Cyprus on Wednesday.

Source: Cyprus News Agency

Cyprus records two deaths due to COVID-19, 1,692 new cases, patients drop to 188

Cypriot health authorities on Tuesday reported two new deaths due to COVID-19 and 1,692 new cases, bringing the total tally of deaths and infections since the outbreak of the pandemic to 982 and 461,369 respectively.

According to a press release issued by the Ministry of Health, hospitalisations dropped to 188 from 204 the day before, while patients treated in serious condition in Intensive Treatment Units and Advance Care Units increased to 31 from 29 on Monday.

A total of 66,930 tests were carried out today, with the overall daily positivity rate amounted to 2.53% from 2.71% the day before.

According to the Ministry, the new fatalities concern two women 81 and 88-years old who passed away today.

Patients receiving treatment in public hospitals declined to 188, of whom 31 are being treated in serious condition. Of the patients in serious condition, 4 are intubated, 5 are treated in ICU but not connected to a ventilator and 22 patients are in Advanced Care Units, the Ministry added.

Data show that 53.73% of the patients treated in public hospitals have no vaccination history, while 11 patients who are no longer infectious are intubated in serious condition in Intensive Treatment Units due to COVID.

According to the Ministry, PCR tests amounted to 3,056 detecting 194 positive cases with a positivity rate of 6.35%, while rapid antigen tests amounted to 63,874 after which 1,498 new infections were diagnosed, resulting to a positivity rate of 2.35%.

In the context of contact tracing, 175 PCR tests were carried out, detecting 20 new cases with a positivity rate of 11.43%.

On private initiative, 1,079 PCR tests were carried detecting 125 new cases (11.58%), whereas 21,568 rapid antigen tests were conducted, after which 942 new cases were diagnosed (4.37%).

In the context of the Ministry of Health’s testing programmes using rapid antigen tests, a total of 42,306 samples were taken detecting 556 new infections.

Following 10,045 tests carried out in the various testing sites, 423 new cases were diagnosed with a 4.21% positivity rate.

As part of testing in the education system, 18,860 rapid tests were carried out in primary schools, detecting 63 new infections with a positivity rate of 0.33%, 9,584 tests were taken in high schools after which 27 new cases were diagnosed with a positivity rate of 0.28%. Furthermore 2,134 rapid tests were carried out as part of the test-to-stay process, detecting 18 new cases (0.84%).

In the context of testing in elderly homes 1,367 rapid tests were carried out, detecting 25 new cases (1.83%), while no infections were traced following 316 tests carried out in closed structures.

Source: Cyprus News Agency

President receives UN official, expresses readiness to continue efforts for resumption of Cyprus talks process

President of Cyprus Nicos Anastasiades received on Tuesday UN Assistant Secretary-General Miroslav Jenca, whom he expressed once more the readiness of the Greek Cypriot side to continue the efforts aimed at resuming the process of a solution of the Cyprus issue.

According to a written statement by the Government Spokesman, during the constructive and productive discussion, the President of the Republic reiterated the readiness of the Greek Cypriot side to continue the efforts aimed at resuming the process of a solution of the Cyprus issue on the basis of a bizonal bicommunal federation, as outlined in the UN parameters and the UNSC resolutions.

The President also reiterated his proposal for the adoption of bold Confidence Building Measures which will contribute to the goal of restarting the negotiation process and will also bring mutual benefits to the two communities.

The Spokesman adds that during the meeting they discussed the pending appointment of a UN Secretary-General’s envoy that will contribute to a positive climate between the parties and lead to a new round of negotiations within a certain timeframe, while creating the conditions for the termination of any illegal actions both in the sea area and on the territory of the Republic of Cyprus and in particular in the enclosed area of Famagusta.

Cyprus has been divided since 1974, when Turkey invaded and occupied its northern third. Repeated rounds of UN-led peace talks have so far failed to yield results.

Source: Cyprus News Agency

Kyriakides: Continuous supply with medicines for countries dependant on the UK such as Cyprus is crucial

Health Commissioner Stella Kyriakides welcomed the adoption by the Council of the European Union of proposals to ensure continuous supply of medicine from the United Kingdom to Northern Ireland, as well as to Cyprus, Malta and the Republic of Ireland, noting in particular the swiftness of the decision.

“The continuous supply of medicines is essential for hundreds of thousands of patients in Northern Ireland – as well as Cyprus, Ireland and Malta, whose markets are historically dependent on medicines from the UK” the Commissioner said in a written statement.

“We have now fulfilled our commitment to find a solution to ensure that all citizens can continue to get the medicines they need, at all times” she underlined.

The proposals that have been approved aim to ensure the continued long-term supply of medicines from Great Britain to Northern Ireland and to address outstanding supply concerns in Cyprus, Ireland and Malta – markets that have been historically supplied through or by Great Britain.

Regarding Cyprus, the Republic of Ireland and Malta in particular, the rules endorsed by the European Parliament and the Council provide a temporary derogation so that they can continue to source medicines from the United Kingdom only if needed. The Directive and Regulation apply retroactively from 1 January 2022 and 31 January 2022 respectively.

It is expected that within three years, that is until 31 December 2024, these markets will gradually phase out the temporary derogations and decrease the dependency of their domestic markets on the supply with medicinal products from or through parts of the United Kingdom other than Northern Ireland.

The proposal had been approved the previous week by the Plenary of the European Parliament, and received final approval by the General Affairs Council of the EU on Tuesday.

The Commission notes in its press release that these proposals were put forward by the Commission last December, following extensive engagement with citizens, industry and other business representatives in the EU and the UK, in addition to extensive talks with the UK government to find this long-lasting solution.

In his own statement, Commission vice president Maroš Šefcovic, who represents the EU in negotiations with the UK, underlined that the solution that has been reached for Northern Ireland is a lasting one.

By the end of 2022 the Commission has said that it will make proposals to revise the EU’s pharmaceutical legislation. These proposals will seek to provide longer-term structural solutions, in particular, to the issue of access to medicines, with special attention to enhancing security of supply and addressing risks of shortages in the smaller markets of the Union.

Source: Cyprus News Agency

Urgent solution of missing persons issue in Cyprus essential, UN experts say, stressing need to depoliticise the issue

“Faster progress is needed to fulfil the rights of relatives of the missing in Cyprus,” a delegation of the UN Working Group on Enforced or Involuntary Disappearances said on Tuesday at the end of an official visit at the invitation of the Government of the Republic of Cyprus. Moreover, the UN delegation, comprising Luciano Hazan, Aua Balde and Henrikas Mickevicius, stressed the need to depoliticise the issue of missing persons in Cyprus and genuinely treat it as a human rights and humanitarian issue.

“While recognizing the considerable achievements, notably due to the longstanding work of the bi-communal Committee on Missing Persons in Cyprus, the search progress has slowed down in recent years and significant challenges still remain,” they observed.

Moreover, the experts called for urgent measures to accelerate the excavations, identification and return of the remains of the missing “as decades after the events of 1963/64 and 1974, too many relatives are passing away without knowing the fate and whereabouts of their loved ones,” noting that relevant information may be available but not fully utilised. “Time is running out,” they stressed.

The delegation gave a press conference in Nicosia, after concluding its meetings during its visit to Cyprus, which began on April 5. A final report on the visit will be presented to the UN Human Rights Council in Geneva in September 2022.

Luciano Hazan said that they met, among others, with Cyprus government officials, the Committee on Missing Persons (CMP), UN entities, Turkish Cypriot leader, Ersin Tatar, and several of his advisers, relatives of missing persons from both communities, as well as with human rights defenders, lawyers, academics and other civil society representatives.

He noted that “the main issue of this visit was the fact that 776 Greek Cypriots and 201 Turkish Cypriots out of the number 2002 persons on the official list administered by the CMP remain missing.”

He stressed the importance of the work of the CMP, noting that the Committee is an example of bicommunal good practice and that they had the chance to see the work done on the field, during excavations.

“Over 50% of the 2002 persons that are on the list of the CMP have been exhumed and identified and the Working Group hopes that the support provided to the CMP by the leaders of both communities, by the UN, and the international donor community will continue, with the aim of establishing the fate and whereabouts of the remaining 977 missing persons as soon as possible,” he added.

The Working Group emphasised that “it is essential to depoliticise the issue of missing persons in Cyprus and genuinely treat it as a human rights and humanitarian issue,” adding that more effective results can only be achieved through “an unconditional commitment among all concerned stakeholders to fully cooperate towards its solution and to give the rights of victims and their relatives top priority.”

“It is essential to put mistrust and resentment behind to finally put an end to the anguish and pain of all families. The initiatives and activities, notably those bicommunal, which are aimed at reconciliation and social cohesion should be fully supported,” they added.

“We received information during the meetings we have had that political or other considerations within the community seem to play an important role on the decision to proceed in an investigation on a particular site,” Hazan said.

He noted that this is a matter of concern for the Working Group “because we understand that it affected and is still affecting the search process.”

“We also learned that essential information related to graves, potential mass graves, would be withheld from the different sides due to mistrust and political calculations and we are also concerned about the practice during funerals after the identification where politically charged and divisive speeches are, in our view, deepening the mistrust,” he noted.

He went on to say that “what we want to emphasize is that it is essential for both sides to de-politicize the process on the search of the missing persons and to genuinely treat this as a humanitarian and human rights issue.”

Referring to their meetings with family members of missing persons, he said that they received an expression of frustration from them about the slowness and the delay in the process “that we really think it should be addressed.”

“We had the chance to receive information on some difficulties in the search process and we have learned that the search process for those who are still missing has slowed down in the recent years,” he noted, adding that many relatives are passing away without knowing what happened to their loved ones.

He also said that “an important element is the lack of access to information to relevant archives of countries and organizations that maintained military, police or humanitarian presence on the island during the events. It is really important this information to be provided to the CMP,” he said, adding that the Committee already has access to some archives.

Hazan noted that “while we are welcoming the CMP increased access to military areas in the north of the island, we reiterate the call on Turkish military authorities to make the sites in the northern part of the island accessible to the CMP at all times, as well as to allow full and unimpeded access to archives with a view to identifying new burial sites.”

The experts also noted some recent discussions in Cyprus, especially within the civil society, on the establishment of a truth-telling mechanism, which could clarify the facts and circumstances of the disappearances.

“Virtually all stakeholders we have met have underlined the importance to establish the truth for the victims, the relatives and the society as a whole” the Working Group said, recommending all stakeholders to give due consideration to this idea, which could also be conducive to reconciliation.”

The experts also noted that “no progress has been made in relation to criminal investigations and prosecutions for human rights violations resulting in individuals going missing, including possible enforced disappearances. While this is another essential pillar that needs to be addressed, together with truth, reparation and memory, there is very little emphasis in Cyprus on accountability.”

In relation to prevention of enforced disappearances, the Working Group expressed concern at information received on pushbacks both at sea and at the Green Line. While noting the challenges posed by an increased number of arrivals on the island, they recalled that “international law clearly prohibits the return of any person where there are substantial grounds to believe that they would be in danger of enforced disappearance.”

The experts further called for the creation of an adequate legal framework as a measure of prevention of enforced disappearances.

“Some of these measures can be taken swiftly, including the ratification of the International Convention on the Protection of All Persons from Enforced Disappearance, and the introduction of an autonomous crime of enforced disappearance in the penal code,” they noted.

Source: Cyprus News Agency