CNA News – CNA – Kyriaki Christodoulou – Nicosia 22/06/2018 12:33

Probe into Cooperative Bank to examine both pre and post 2013 period, says President

The probe which the government has requested into the Cyprus Cooperative Bank will look into matters before and after 2013, President Nicos Anastasiades said on Thursday. The President clarified that the probe will look into what happened in 2013, that led the government to support the financial institution with Euros 1.5 bln in order to survive. At the same time, the European Stability Mechanism warned over Cyprus’ inefficient legal framework to tackle the high burden of non-performing loans hampering the island’s banking system. Finance Minister said that public debt burden due to CCB is necessary to address banking sector’s uncertainty.

China’s President certain relations with Cyprus will continue to flourish

The President of the People’s Republic of China Xi Jinping said he was certain that relations between his country and Cyprus will continue to flourish on a broad range of bilateral and multilateral fields. Speaking at an official ceremony to receive the credentials of the new Ambassador of the Republic of Cyprus to China, Antonis Toumazis, Xi Jinping welcomed him to China and asked him to convey his warmest greetings to the President of Cyprus Nicos Anastasiades.

No other option for Cyprus than reunification, President stresses

The status quo in Cyprus, the island’s division or non-functioning solutions are not acceptable, President Anastasiades stressed Thursday, adding that the island’s reunification is not an option but the only way. President Anastasiades reiterated his readiness to resume settlement talks.

Furthermore, he underlined his firm commitment to negotiate a Cyprus solution, in line with the 6 points the UN Secretary-General laid out in his framework last summer, as well as on the basis of UN resolutions and EU principles.

British Armed Forces Minister visits Cyprus, hails the country as a beacon of stability in the region

Cyprus is uniquely well-placed as a beacon of stability in the Eastern Mediterranean, says British Minister of State for the Armed Forces Mark Lancaster who arrives in the Republic of Cyprus today for a two day visit. According to an announcement by the British High Commission, the Minister is expected to underline the deepening defence relationship between the UK and Cyprus and will sign the renewal of the Bilateral Defence Co-operation Programme.

We take steps to reduce the negative effects of the new CAP, Minister of Agriculture tells CNA [VIDEO]

Cyprus may lose up to Euros 40 million for the period 2021-2027 from the reduction in the budget of the new Common Agricultural Policy (CAP), Minister of Agriculture and Rural Development Costas Kadis has told CNA in an interview. “The budget of the new CAP is reduced and we will feel its fallout in Cyprus too. We currently estimate that there would be a reduction of Euros 40 million over the period the new CAP covers, ” he explained.

2019 ACI Europe General Assembly to take place in Cyprus

Hermes Airports will organize the next Annual General Assembly of ACI Europe (Airports Council International) in June 2019. A press release by Hermes Airports says that within the framework of the annual ACI Europe and World conference held in Brussels from 18 to 20 June 2018, the Chief Executive Officer of Brussels Airport (Zaventem) Arnaud Feist, officially handed over the organizer baton of the next General Assembly of ACI Europe to Hermes Airports and the Chief Executive Officer of the company, Eleni Kaloyirou.

Trade deficit declines significantly in first three months

The trade deficit declined by Euros 591,7 mn in the first three months of the year, due to an increase in exports, figures released by the Statistical Service showed on Thursday.

According to the monthly electronic publication Intra-Extra EU Trade Statistics (by commodity and country), the trade deficit stood at Euros 677,1 mn in January – March 2018 compared to Euros 1.268,8 mn in the corresponding period of 2017.

Cyprus MPs to attend the Inter-parliamentary Assembly on Orthodoxy in Athens

Cyprus Parliamentarians depart on Monday for Athens to attend the 25th Assembly of the Inter-parliamentary Assembly on Orthodoxy ( IAO) between 26-27 June.

The Cyprus delegation comprises MPs Angelos Votsis,Costas Constantinou, Evanthia Savva and Elias Myrianthous.

Source: Cyprus News Agency