CNA News – CNA – Emilia Christofi – CYPRUS/Nicosia 28/02/2018 11:21

_: Nicos Anastasiades to be sworn in as President of the Republic

Nicos Anastasiades will be sworn in on Wednesday as the seventh President of the Republic of Cyprus. Anastasiades was re-elected during the second round of the Presidential Elections on February 4, backed by the ruling Democratic Rally (DISY) party, where he secured 215,281 votes or 55.99% of the votes.

Under-Secretary-General for Peacekeeping Operations arrives in Cyprus on Wednesday

Under-Secretary-General for Peacekeeping Operations, Jean-Pierre Lacroix, arrives in Cyprus, on Wednesday, from Lebanon, continuing his wider Middle East tour to visit UN Peacekeeping missions. Stephane Dujarric, Spokesman for the Secretary-General said Lacroix will meet with government officials, local authorities and community representatives. Meanwhile, UNSG’s Special Representative and Head of the United Nations Peacekeeping Force in Cyprus (UNFICYP), Elizabeth Spehar has said the UN always remains available, adding that once the UN Secretary General hears that both sides are ready with the common approach to move forward, then the UN will be ready to move.

Trilateral cooperation schemes reinforce Cyprus but do not forge an alliance against anyone, Zenon tells CNA

The trilateral cooperation schemes which Cyprus has developed, along with Greece, with countries in the region do not constitute an alliance and are not directed against anyone, but reinforce Cyprus at the political level, as it gains more support in the international arena, former Foreign Ministry Permanent Secretary Alexandros Zenon told CNA, noting at the same time that one must take into consideration the factors that influence the interests which several countries have vis-A�-vis Turkey and the position of Turkey in the region.

Turkey’s navtex for German research vessel are unauthorized, JRCC Commander tells CNA

The German research vessel Maria S. Merian from the University of Hamburg is expected to arrive between 3-4 March off Cyprus’ coast to conduct research in EEZ blocks 4, 5, 6 and 7, with the competent authorities of the Republic of Cyprus telling CNA that all legal licenses have been acquired. Speaking to CNA, Commander of Cyprus’ Joint Rescue Coordination Center (JRCC), Commodore Constantinos Fitiris said that the University of Hamburg applied for a license from all three countries (Greece, Turkey and Cyprus) to conduct research in an area between Crete and Cyprus.

Bank of Cyprus sounds the alarm over pressures to its operating costs due to NPLs

The Bank of Cyprus management sounded the alarm on Tuesday pointing out the need for cost cuts, as the banks operating cost structure will be challenged by the need to reduce its non-performing loan book which is among the highest in the EU.

CBC sets countersyclical capital buffer rate to 0%

The Central Bank of Cyprus pursuant to its macroprudential policy has set the countercyclical capital buffer (CCyB) rate for the period 1 April 2018 – 30 June 2018 at 0% of the total risk exposure amount of every licenced credit institution and every investment firm operating in Cyprus.

It also announced that deposits in the banking system presented a significant annual increase in the first month of the year, in the February 2018 edition of Monetary and Financial Statistics, while total loans recorded a significant decline.

Investor bids for Larnaka port and marina expected at end April

The two bids for the development of the port and the marina of the coastal city of Larnaka from Israel and China are expected to be submitted at the end of April, Minister of Transport, Communications and Works Marios Demetriades has said.

Petroleum sales down in January

The total sales of petroleum products in January 2018 recorded a decline of 6.5% compared to the previous month, the Statistical Service of Cyprus reported Tuesday. It said that there was a decrease in the sales of asphalt, heavy fuel oil, motor gasoline, gasoil low sulphur, kerosene and gasoil, as well as in the provisions of aviation kerosene.

OSCE representative concerned about Cyprus court prohibiting media to publish documents

OSCE Representative on Freedom of the Media Harlem Desir expressed on Tuesday concern about a recent court decision in Cyprus “prohibiting the daily Politis from publishing documents regarding the state attorney and the questioning by the police of several journalists of the daily newspapers Politis and Phileleftheros.”

Problem with prostitution and sex violence in Cyprus similar to elsewhere in the world, English activist tells CNA

The problem with prostitution, sex violence and trafficking is similar to pretty much everywhere in the world, Julie Bindel an English writer, feminist, journalist and co-founder of the law-reform group ‘Justice for Women’ has told Cyprus News Agency.

Source: Cyprus News Agency