CNA News – CNA – Gregoris Savva – CYPRUS/Nicosia 29/06/2019 11:17

Cyprus President pledges to continue working for a Cyprus solution and return of Famagusta

The President of Cyprus Nicos Anastasiades said on Friday that he will continue to do everything possible in order to achieve a Cyprus settlement and the return of the fenced-off section of the Turkish-occupied city of Famagusta to its citizens. He received this afternoon a delegation from the Turkish-occupied Famagusta Municipality, which handed over a memorandum, expressing concern about the possible opening of the city for Turkish settlement and the country’s permanent division. At the same time, people gathered outside the Presidential Palace, protesting against plans pertaining to Famagusta, announced recently by Turkish Cypriot politicians, while asking the government to prioritize the return of the city to its owners.

President expresses gratitude for Frances steadfast support to efforts for a Cyprus settlement

Cyprus President Nicos Anastasiades has expressed gratitude on behalf of himself and the people of Cyprus to the Republic of France, thanking for its steadfast and consistent support to the principles for a Cyprus settlement and particularly for its support to the efforts for a solution on the basis of the UN relevant resolutions and the European principles and values. Anastasiades was speaking during a meeting he had on Friday with the Chairman of the French Senate Committee on Foreign Affairs, Defense and Armed Forces Christian Cambon.

Nicosia expects UN to maintain position on Varosha based on Security Council decisions

The government said on Friday that it expected from the UN to maintain their long-standing position with regard to the ghost-town of Famagusta, that is consistent with the UN Security Council decisions which are explicit and are now blatantly violated through the announcement made in the Turkish occupied areas of Cyprus. In statements to the media on Friday, Government Spokesman Prodromos Prodromou noted that the long-standing UN position, based on what was agreed between the Greek Cypriot and the Turkish Cypriot side, when the talks on the Cyprus problem began, after 1974, was explicit, saying that the fenced-off town of Famagusta (Varosha) must return to its lawful inhabitants and that the rights of the legal owners of the properties there must be restored.

Greece and Cyprus will not accept any violation of their sovereign rights, Greek Def Minister says

Greek Minister of National Defence Evangelos Apostolakis said that Greece and Cyprus are playing a fundamental role in safeguarding stability and peace in the Eastern Mediterranean, but they will not accept any violation of their sovereign rights. In an interview with CNA, Defence Minister Apostolakis underlined that Greece’s stance towards Turkish illegal actions in the Cyprus’ Exclusive Economic Zone (EEZ) and the Eastern Mediterranean, is firm and cool-headed, while emphasizing on the protection of the sovereign rights arising from the International Law.

IPU President praises Cyprus Parliament’s initiatives to get closer to the citizens

President of Inter � Parliamentary Union (IPU) Gabriela Cuevas Barron said Friday that Cyprus House of Representatives was a particularly active member of IPU Union and praised the parliament’s initiatives to get closer to the citizens. The President of the IPU said that she was honored to be in Cyprus and had the opportunity to address a very active member of the body, which participates in almost all the committees of the organization. She also said that Cyprus was opening the possibility to rethink politics and institutions and that’s a very powerful message.

French Senator reaffirms support to Cyprus regarding EEZ issues

President of the Committee on Foreign Affairs, Defence and Armed Forces of the French Senate Christian Cambon, who is currently visiting Cyprus, said the visit reaffirmed the support of France to Cyprus regarding the illegal Turkish activities in the Republic of Cyprus’ exclusive economic zone (EEZ). Speaking through an interpreter at a joint press conference with the Presidents of the Committees on Defence and Foreign and European Affairs of the House of Representatives, Marinos Sizopoulos and Yiorgos Lillikas respectively, Cambon said the law says Cyprus cannot be threatened in exploring the natural resources in its EEZ and that this EEZ must be protected in compliance with international law.

Government to maintain fiscal discipline as the economy enters new promising phase says FinMin

The government remains committed to maintain fiscal discipline but also to continue promoting an ambitious reform agenda to enhance the competitiveness and the growth potential of our economy, Cyprus Minister of Finance Harris Georgiades said on Friday. Speaking to 4rth Cyprus International Investors Summit, Georgiades said that although the economy is advancing with a strong steady pace with rising asset prices and rising investment and consumption, Georgiades said the Government remains committed to maintain fiscal discipline but also to continue promoting an ambitious reform agenda in order to continuously enhance the competitiveness and the growth potential of our economy.

General Government surplus up by an annual 0.5% in the first five months

The General Government recorded a surplus of Euros 517,7 mn or 2.4% of GDP from January until May 2019 compared with a surplus of Euros 393,4 mn in the corresponding period of 2018 or 1.9% of GDP), preliminary fiscal results published on Friday by the Statistical Service of Cyprus (CYSTAT) show.

Total expenditure in the first five months of 2019 recorded an increase of Euros 131,2 mn (+4.9%) compared with the same period of 2018 and reached 2.824,4 mn (Euros 2.693,2 mn in 2018). Total revenue increased by 8.3% or Euros 255,5 mn, to reach Euros 3.342,1 mn from January until May 2019 compared with Euros 3.086,6 mn in the corresponding period of 2018.

Hellenic Bank posts net profit for fifth consecutive quarter

Hellenic Bank announced profits after taxation amounting to Euros 14.9 million for the first quarter of 2019, marking five consecutive quarters of profits. The bank’s CEP Ioannis Matsis said in statement that the acquisition of the performing operations of the state-owned Cyprus Cooperative Bank (CCB) and the balance sheet de-risking established Hellenic Bank as the strongest and most viable bank in Cyprus, safeguarding our depositors’ assets, generating value to our shareholders and providing good quality products and services to all our customers.

Industrial Output Prices Index records a monthly increase of 1.9% in May

The Industrial Output Prices Index reached 103,6 units (base 2015=100) in May 2019, recording an increase of 1.9% compared with April 2019, the Statistical Service said on Friday. From January until May 2019, the index rose by 3.7% compared with the corresponding period of the previous year. In manufacturing the index reached 100,8 units in May 2019, recording an increase of 0.5% compared with the previous month.

Source: Cyprus News Agency