CNA News – CNA – Antonios Gkildakis – CYPRUS/Nicosia 28/02/2019 13:29

Optimism in Cyprus ahead of ExxoMobil’s results in block 10 exploratory wells

Optimism prevails in Cyprus over the results of ExxonMobil and Qatar Petroleums two exploratory wells in block 10 in the countrys Exclusive Economic Zone (EEZ).

Press reports suggest that geological structures discovered in Glaucus 1 prospect show similarities with Egypt’s giant Zhor gas field while the deposit is considered as commercially viable.

Security Council stresses Cyprus status quo is unsustainable

The members of the Security Council welcomed the meeting of the leaders of the two Cypriot communities that took place on 26 February and encouraged them to continue their efforts towards agreement and to reach convergences on the core issues, stressing that the status quo is unsustainable. Speaking in Nicosia, the UN Secretary-General’s Special Representative Elizabeth Spehar said on Wednesday that the two sides in Cyprus should continue to engage with UN envoy Jane Holl Lute, recognizing that the outcome will be critical in determining the future of the Cyprus talks.

Cyprus President travels to London for Cyprus event at Buckingham palace

Cyprus President Nicos Anastasiades travels to London on Sunday where he will take part in a special event dedicated to Cyprus, at the Buckingham Palace and he will have meetings with Queen Elisabeth, Prince Charles and Duke of Cambridge William, as well as with British Prime Minister Theresa May.

Resumption of Cyprus talks continues to be our goal, Spokesman says

The goal of the President of Cyprus Nicos Anastasiades remains the conclusion of an agreement as soon as possible on the terms of reference in order to have a resumption of negotiations for the reunification of Cyprus, Government Spokesman Prodromos Prodromou reiterated on Wednesday. He also said that the position of the Greek Cypriot side is that the six parametres, proposed by UN Secretary General Antonio Guterres as a single framework, should be included in the terms of reference.

The European Commission identifies excessive imbalances in Cyprus

Cyprus faces excessive imbalances, the European Commission notes in the context of the publication of the winter package of the European semester, which was approved by the College of Commissioners and presented in Brussels by Vice-President Valdis Dobrobowski, Commissioner Moscovici and the Commissioner Tysen.

Leaders to assist the restoration of collapsed church, Technical Committee Head tells CNA

The collapse of an old church, located within Nicosia’s buffer zone, was among the issues discussed during an informal meeting, on Tuesday, between the President of Cyprus Nicos Anastasiades and the Turkish Cypriot leader Mustafa Akinci and according to Takis Hadjidemetriou, the Greek Cypriot Head of the Technical Committee on Cultural Heritage, the leaders said they would make every effort to assist its restoration.

President of Israel expresses full support to Cyprus, Greece and Israel cooperation on diaspora issues

President of Israel, Reuven Rivlin, expressed on Wednesday his full support to the trilateral cooperation among Cyprus, Greece and Israel on diaspora issues, during a meeting he had with the competent officials of the three countries, namely Presidential Commissioner Photis Photiou, Greek Deputy Foreign Minister Terens Quick and the Chairman of the Jewish Agency for Israel Isaac Herzog, in Jerusalem, where a round table discussion of diaspora organizations leaders from the three countries took place on Tuesday.

UN diplomat says women should engage into peace process

UNSGs Special Representative in Cyprus, Elizabeth Spehar, stressed on Wednesday the importance of women getting engaged into the process for a Cyprus settlement, noting that “often women shine the most when things look the most dire.” Spehar was speaking during an event in Nicosia, organized under the auspices of the diplomatic missions of Australia, Norway and Canada in Cyprus under the title “Women in Peace and Security. The Leadership Trio of UNFICYP – a Global First”.

Deposits in the Cyprus banking system declined by Euros 343 million in January

Total deposits in the Cyprus banking system amounted to Euros 47.5 billion in January marking a net reduction of Euros 342.7 million compared to December, data released by the Central Bank of Cyprus (CBC) show. Deposits in dollars declined by Euros 171 million in January with the deposits amounting to Euros 5,9 billion. Deposits in euro declined by Euros 164 million with the outstanding amount totaling Euros 40.5 billion.

Industrial production index climbed to a nine-year high in 2018

Cyprus’ average annual industrial (IP) production index for 2018 climbed to the highest point of the last nine years, data released by the Cyprus Statistical Service show. The average IP index for 2018 amounted to 123.8 units which is the highest point since 2010’s 131.9.

Source: Cyprus News Agency