CNA News – CNA – Gregois Savva – CYPRUS/Nicosia 13/04/2019 12:46

Fitch affirms Cyprus ratings at ‘BBB-‘ maintaining a stable outlook

Rating agency, Fitch, affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at BBB- maintaining with a Stable Outlook. In its rationale, the agency, noted that Cypruss ratings balance per capita GDP and governance indicators in line with the A rather than the BBB median, a broad-based economic recovery and a substantial budget surplus with the crisis legacy of high public debt and non-performing exposures (NPEs) in the banking sector.

It is important that the UN support the Cyprus process, Spokesman says

It is important that the United Nations and the UN Secretary General support the process for a Cyprus settlement and offer their good offices, Government Spokesman Prodromos Prodromou said on Friday, referring to efforts currently underway by UN envoy Jane Holl Lute to create the preconditions for the resumption of talks. Prodromou said thw President of the Republic was aware that Lute was contemplating an idea, which could prove useful for our aim, the drafting of reference points and the resumption of negotiations, an idea which is mainly of a procedural nature.

Parliament ratifies Cyprus – Egypt agreement on subsea natural gas pipeline

An agreement between Cyprus and Egypt on a direct subsea natural gas pipeline between the two countries was ratified on Friday by the plenary of the House of Representatives. The agreement was ratified with 34 votes in favour and 16 abstentions. The bill which was urgently tabled for a vote today, was discussed earlier at parliamentary committee level. Both MPs and actors involved said it was a “milestone” agreement.

Cyprus can benefit further from rescEU, Commissioner Stylianides says

Cyprus can benefit even more from the implementation of the European Civil Protection Mechanism rescEU, European Commissioner for Humanitarian Aid and Crisis Management Christos Stylianides said on Friday, noting that European solidarity knows no borders. Opening the virtual reality exhibition EU Saves Lives in Nicosia, in the presence of Minister of Interior Constantinos Petrides, the Commissioner said Cyprus is one of the countries which has both contributed to and benefited from rescEU.

Trilateral geography covers Eastern Mediterranean and Near East, Spokesman says

There is a geography of trilateral relations in place which covers the whole region of the Eastern Mediterranean and the Near East, Government Spokesman Prodromos Prodromou has said, referring to the second Trilateral Summit between Cyprus, Greece and Jordan, to take place on Sunday in Amman, and the Trilateral Meeting between Cyprus, Greece and Lebanon, on a Foreign Ministry level, which took place on Wednesday in Beirut.Furthremore, Foreign Miniser Nikos Christodoulide has said that trilateral cooperation mechanisms yield positive results and highlight need for joint action.

Foreign Ministry and CUT sign memorandum of cooperation

The Ministry of Foreign Affairs and the Cyprus University of Technology (CUT), based in Limassol, have signed a memorandum of cooperation aiming to promote the international image of Cyprus in cultural diplomacy and the international aspect of shipping. Foreign Affairs Minister Nikos Christodoulides said that through this cooperation the effort would be for Cyprus to make the most of its universities and academics.

President Anastasiades to pay historical visit to Georgia, Spokesman says

President of the Republic of Cyprus Nicos Anastasiades will be paying an official visit to Georgia from April 16 to 18, a visit described by Government Spokesman Prodromos Prodromou to be of historical importance, as it will be the first of a Cypriot President to the country. Prodromou said that on the agenda of talks were bilateral relations, noting that Cyprus was interested in strengthening Georgia’s ties with the European Union. He also said there were many sectors of cooperation which the two countries could improve, such as investments and trade.

Cyprus among the founding members of an International Sports and Tourism Organisation

Cyprus along with Greece, Lebanon, Egypt, Bulgaria and Portugal have founded an International Sports and Tourism Organisation, a press release of the Deputy Ministry of Tourism said on Friday. The decision to establish the International Sports and Tourism Organization for Peace and Prosperity (ISTO for PandP), was announced in the framework of a trilateral meeting among Cyprus’ Deputy Minister Savvas Perdios, Greek Minister of Tourism Elena Kountoura and Lebanon’s Minister of Tourism Avedis Guidanian, in Beirut, on 10 April.

UNSG Envoy’s efforts for resumption of talks underway, announcements in due time, says President

Efforts are underway by UNSG Envoy for Cyprus Jane Holl Lute that will create the conditions for the resumption of the Cyprus talks, the Government has said, however announcements will be made in due time. President Nicos Anastasiades was asked on Friday if Lute has put forward any new ideas, and he replied that when something comes up, it will be announced at the appropriate time. Moreover, Foreign Minister said that an effort is underway the past days and hours by Lute, of a procedural character and expressed the hope that this effort will create the conditions for the resumption of Cyprus talks.

Source: Cyprus News Agency