CNA News – CNA – George Michael – Nicosia 16/02/2019 12:37

New power plant beneficial for Cyprus economy, President says

Cyprus President Nicos Anastasiades, who together with Archbishop of Cyprus Chrysostomos laid on Friday the foundation stone for a new power plant in Vassiliko, Limassol District, has said that the plant will signal a new era for energy in the country which will have many positive aspects for the economy. In his address, President Anastasiades said that the Power Energy Cyprus” plant which is expected to be operational in 2021, is a project of strategic importance for Cyprus since it will be contribute in changing the electricity map of the country and in the significant reduction of electricity prices.

Foreign Ministry announces cooperation with Clingendael Academy – Ecorys venture

The Ministry of Foreign Affairs has announced the beginning of cooperation with joint venture Clingendael Academy – Ecorys with a view to enhancing policy development and the practice of economic diplomacy. The project, a Foreign Ministry press release says, “is funded by the European Commission structural reforms support agency on the basis of a proposal submitted by the ministry in 2017, which was selected in the context of a competitive process at European level.”

Cyprus trade deficit decreases to 4.9 billion euro in 2018, according to Eurostat

The first estimate for euro area (EA19) exports of goods to the rest of the world in December 2018 was Euros 176.5 billion, recording a decrease of 2.5% compared with December 2017 (Euros 181.0 bn). Imports from the rest of the world stood at Euros 159.5 bn, marking a rise of 1.9% compared with December 2017 (Euros 156.5 bn). As a result, the euro area recorded a Euros 17.0 bn surplus in trade in goods with the rest of the world in December 2018, compared with +Euros 24.5 bn in December 2017. Intra-euro area trade fell to Euros 142.6 bn in December 2018, down by 1.2% compared with December 2017. In Cyprus the volume of total exports increased to 4.2 billion euro (44%), namely to 1.2 billion euro (or 7% increase compared to 2017) exports to the EU28 and to 3.0 bilion euro (67%) to the rest of the world. Meanwhile total imports increased to to 9.1 billion euro (11%), and more specifically to 5.2 billion euro from the EU (5%) and to 3.9 billion euro (21%) form the rest of the world.

Cyprus leaders to decide the fate of collapsed church in buffer zone, Technical Committee Head tells CNA

The restoration of a recently collapsed church, located within Nicosia’s buffer zone, is a matter for the two leaders to decide, Takis Hadjidemetriou, the Greek Cypriot Head of the Technical Committee on Cultural Heritage told CNA on Friday. Part of St. James church, which was in need for immediate restoration works, collapsed after recent heavy rainfall. The issue was raised during separate meetings, Hadjidemetriou and his Turkish Cypriot counterpart, Ali Tuncay, had recently with President of Cyprus, Nicos Anastasiades, and Turkish Cypriot leader, Mustafa Akinci, respectively.

1.4% of children in Cyprus and 1.8% in the EU had medical needs that were not treated

In the European Union (EU) in 2017, 1.8% of children aged below 16 had medical needs that were not treated. This share was slightly higher for children living in households with one adult (2.2%) compared to those sharing households with two or more adults (1.8%). The highest share of children with unmet medical needs was reported in Belgium (8.7%) and Romania (7.4%), followed by Sweden (4.3%), Finland (3.3%) and Czechia (2.7%). In Cyprus the same rate was 1.4% and in Greece 2.4%.

Source: Cyprus News Agency