CNA News – CNA – Athena Arsalidou – Nicosia 09/02/2019 14:17

Anastasiades – Akinci to meet on 26 of February

The UN Secretary General’s Special Representative and Deputy Special Advisor on Cyprus, Elizabeth Spehar, will host an informal meeting of the leaders of the two communities on February 26, at the Chief of Mission’s residence. The Government Spokesman said that President Anastasiades will have all cards on the table during his meeting with Akinci. He addded that the Cyprus President aims to resume talks on the basis of Guterres framework.

Foreign Minister stresses Cyprus role as more Europe is needed to face challenges

Foreign Minister Nikos Christodoulides said on Saturday that the solution to the many challenges the EU faces is not less Europe but more Europe, a stronger and more effective Europe with a more robust footing in international relations, closer to its citizens. To this end, he stressed, Cyprus will continue to play a role and remains committed towards maintaining and further developing the traditionally excellent relations with its neighbors and will continue deepening its ties in the region and within the European Union, creating synergies that yield specific results that are beneficial to everyone.

Cyprus ranks first in European Social Fund absorption for 2018

Cyprus ranks first among EU member states in the cumulative payments made from the European Social Fund in 2018, a Labour, Welfare and Social Insurance Ministry press release said.

The Labour Ministry noted that according to official European Commission statistical data, Cyprus ranks in the first position among 28 European Union member states on the absorption of funds in 2018 from the European Social Fund.

Bad loans drop reduces Cyprus sovereign liabilities, but banking sector still weak, Fitch says

International ratings agency Fitch has said that the decline in Cypriot banks’ non-performing exposures significantly reduces contingent liabilities to the sovereign, adding however that the banking sector remains weak and that further reductions of bad loans would partly depend on the effective use of legal tools adopted in the previous year. “Data released by the Central Bank of Cyprus in January showed that NPEs fell to Euros 11 billion at end-3Q18, or 32% of total gross facilities, from Euros 16.6 billion (40%) at end-18, Fitch said.

Cyprus needs a detailed and enforceable Code of Conduct for the judiciary, GRECO says

The Council of Europe Group of States against Corruption (GRECO) stressed on Friday the need for Cyprus to adopt a detailed and enforceable Code of Conduct for the judiciary.

Speaking during a press conference, after the conclusion of the meetings which a high ranking delegation of GRECO had on the island, in the framework of the fourth evaluation round of Cyprus, GRECO Chairman Marin Mrcela said that that they were presented with the Judicial Conduct Guide introduced recently by the Supreme Court, they had not time to look at it in detail but they will, stressing at the same time that GRECO is looking for a detailed enforceable code, not a general statement of principles.

Cyprus and Jordan decide to strengthen bilateral ties in education

Cyprus and Jordan have decided to strengthen their bilateral ties in education. A PIO press release says that Cyprus Minister of Education and Culture Kostas Champiaouris had on Thursday a working lunch with Secretary General of the Ministry of Higher Education and Scientific Research of Jordan, Prof. Ahed AL-Wahadni, whom he assured that he would make every effort to strengthen the ties of friendship and cooperation between the two countries.

Trade deficit falls Euros 563 million in first eleven months of 2018

Cyprus’ trade deficit fell Euros 563 million in the first eleven months of 2018, compared with the same period in 2017, due to a significant increase in imports over Euros 1 billion. The trade deficit was Euros 4.192,4 mn in January-November 2018 compared with Euros 4.755,5 mn in the corresponding period of 2017, the Statistical Service announced Friday. Meanwhile, total registrations of motor vehicles dropped 4.3% in January.

Source: Cyprus News Agency