CNA News – CNA – CYPRUS/Nicosia 06/06/2019 15:27

US Deputy Assistant Secretary Palmer holds meetings in Nicosia

Deputy Assistant Secretary at the US State Department Bureau of European and Eurasian Affairs, Matthew Palmer is paying a visit to Nicosia, where he will meet, among others, on Thursday, with Cyprus President Nicos Anastasiades and with Foreign Minister Nikos Christodoulides.

Commission sees significant vulnerabilities persist despite an improved economic context in Cyprus

In Cyprus, “significant vulnerabilities persist despite an improved economic context and some recent stepping up of policy commitments”, according to the official communication by the European Commission to the Council of the member states, concerning the country specific recommendations of the European Semester.

Cyprus government signs lease agreement for the start of construction works for HVDC converter station

Cyprus government signs lease agreement for the start of construction works for HVDC converter station

The land concession agreement for the construction of the HVDC converter station for the EuroAsia Interconnector, which connects the electricity networks of Cyprus, Israel, Crete and Attica in Greece, with a transfer capacity of 2000MW, was signed at the Ministry of Energy, Commerce and Industry in Nicosia.

Revenue from Aphrodite estimated to exceed $9 billion

Cyprus’ revenues from the exploitation of the Aphrodite natural gas field are expected to exceed $9 billion over an 18-year period, based on the agreement the Republic has reached with the consortium of companies that holds the license for the Aphrodite, Energy Minister Yiorgos Lakkotrypis revealed on Wednesday after the Cabinet’s meeting.

ECRI concerned over lack of activities by Cyprus Commissioner for Administration to support vulnerable groups

The European Commission against Racism and Intolerance (ECRI) has noted “with concern” that the Office of the Commissioner for Administration and Human Rights in Cyprus has not carried out any activities aimed at supporting vulnerable groups.

GDP and employment rise simultaneously in the euroarea EU28, Cyprus and Greece

Seasonally adjusted GDP rose by 0.4% in the euro area (EA19), by 0.5% in the EU28, by 0.9% in Cyprus and by 0.2% in Greece during the first quarter of 2019, compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union.

In the fourth quarter of 2018, GDP had grown by 0.2% in the euro area, by 0.3% in the EU28, by 0.9% in Cyprus and decreased by -0.1% in Greece.

Inflation slightly up in May 2019

Inflation was slightly up this May compared to April and to May last year, data released by the Statistical Service, show on Thursday.

According to a Statistical Service press release, in May 2019, the Consumer Price Index increased by 0.14 units and reached 101.18 units compared to 101.04 units in April 2019.

Local governments deliver 70% of EU laws and need more empowerment, CoR President tells CNA

The EU is not Brussels and Strasbourg, or the member states, but every region, city, town and village and we need to have in mind that local governments deliver 70% of EU laws and therefore they need more empowerment, Committee of Regions (CoR) President Karl-Heinz Lambertz has told the Cyprus News Agency.

Lambertz is visiting Cyprus for the General Assembly of the Assembly of European Regions that takes place in Larnaka. He will also participate in a Citizens’ Dialogue event for the Future of Europe, at the Municipality of Strovolos, later on Wednesday.

Source: Cyprus News Agency