CNA News – CNA – Athena Arsalidou – Nicosia 23/11/2017 14:40

President Anastasiades undertakes initiatives aiming at promoting stability in Lebanon, spokesman says

Government Spokesman Nikos Christodoulides has said that President Anastasiades is undertaking initiatives aiming at promoting stability in Lebanon, following his meeting on Tuesday evening, in Cyprus, with the Prime Minister of Lebanon Saad Hariri. He also said that it was particularly important that Hariri chose to visit France, Egypt and the Republic of Cyprus before returning to Lebanon, adding that their common goal is to achieve stability in Lebanon and the region. He noted that in this framework following the meeting, President Anastaiades will undertake some initiatives to achieve this common goal.

Italy to be included in the Cyprus, Greece and Egypt cooperation

The trilateral cooperation between Cyprus, Greece and Egypt will expand with the participation of Italy, following an initiative of President of Cyprus Nicos Anastasiades, Government Spokesman Nikos Christodoulides has said. He said that two months ago, the Cypriot President proposed the expansion of the trilateral cooperation to include Italy, a proposal which was accepted by the parties. The Italian Prime Minister, he added, will take part in the next Summit that will take place next year in the Greek island of Crete.

Cypriot MP conveys Presidents message to Yildirim

Member of the parliament and Vice President of the Asian Parliamentary Assembly Nicos Tornaritis conveyed a message by Cyprus President Nicos Anastasiades to the Prime Minister of Turkey Binali Yildirim underlining Anastasiades readiness for a Cyprus settlement. According to CNA sources, Tornaritis, who had a brief discussion with Yildririm during the plenary session of the Asian Parliamentary Assembly in Istanbul, also noted that Turkey must withdraw its troops and guarantees from Cyprus.

Cyprus Draft Budgetary Plan Broadly Compliant with SGP, says European Commission

The European Commission has concluded that 2018 Cyprus Draft Budgetary Plan is “broadly compliant” with the requirements of the Stability and Growth Pact, as announced by Commissioner Pier Moscovici, in the presentation of the “European Semester Package”. According to the European Commission / DGECFIN findings, Cyprus Draft Budgetary Plan (along with the plans of Estonia, Ireland, Malta, and Slovakia), are “found to be broadly compliant with the requirements for 2018 under the SGP” and “for these countries, the plans might result in some deviation from each countrys medium-term objective or the adjustment path towards it.”

European Commission will review Cyprus Macroeconomic Imbalances in 2018

The European Commission announced yesterday that it will publish a macroeconomic imbalances in depth report for Cyprus and other 11 countries early in 2018 and against this background includes a commentary on current imbalances in a thematic report communicated to the Parliament and the Council. Overall, the economic reading highlights issues “relating to external sustainability, public and private debt, vulnerabilities in the financial sector and labour market adjustment”.

Target setting for banks’ restructurings of loans presenting arrears over 90 days, CBC says

Target setting for banks’ restructuring of loans presenting arrears over 90 days and handling of loans with arrears less than 90 days, presents delay, according to the Central Bank of Cyprus.

The CBC issued a press release regarding its announcement at the beginning of September 2015, when it set targets for four indicators in its endeavour to incentivise banks to increase the volume and improve the quality of restructurings for loans presenting arrears over 90 days but also to take proactive action for the loans presenting arrears over 30 days to prevent them from becoming non-performing.

The output of of agricultural industry in Cyprus increased by 0.9% in 2016, compared to 2015

Total agricultural output in the European Union (EU) stood at Euros 405.0 billion at basic prices in 2016, down by 2.8% compared with 2015, announced Eurostat, the statistical office of the EU.

According to Eurostat, in 2016, the equivalent of 59% of the value of agricultural output generated was spent on intermediate consumption (input goods and services), while gross value added (i.e. the value of output minus the value of intermediate consumption) was the equivalent of 41% (or Euros 165.7 bn).

FM hopes principles of democracy will prevail in Zimbabwe

The Ministry of Foreign Affairs of Cyprus has issued a press release regarding the situation in Zimbabwe, noting that it closely follows developments in the country after the resignation of President Mugabe from his post. In addition, the Ministry expresses hope that during the transitional period the principles of democracy, rule of law and the respect for human rights of all the citizens of Zimbabwe will prevail.

HRDAs scheme improves prospects of employment for higher education graduates

Participants in the Human Resources Development Authority’s scheme for the employment of higher education graduates in businesses have expressed satisfaction with the scheme, saying that it improved their prospects of employment. A press release by the HRDA says that the scheme’s purpose is to give incentives to the employers to design, organize and implement training programs in accordance with the conditions and criteria set by the HRDA, in order to meet the training needs of graduates, who are newly recruited employees.

Source: Cyprus News Agency