CNA News – CNA – Nicosia 29/03/2019 12:12

In the interest of EU citizens for Turkey to be a candidate country, Kati Piri tells CNA

Turkeys EU accession process is in the interests of European citizens and the EU itself, Rapporteur on Turkeys EU progress in the European Parliament, Kati Piri has told CNA, while pointing out that there is a democratic deficit in Turkey. In an interview with CNA, Piri also expressed the belief that Turkey remains oriented to the West and that President Recep Tayyip Erdogan does not wish to abandon the accession process. Kati Piri, who is running for reelection to the European Parliament in the European elections in May 2019, also comments on the trust issues European citizens have towards EU institutions. We cannot deliver, she said and explained that people want solutions to their problems and they do not care whether the Council, the Commission or the Parliament would be the one to offer answers.

Trilateral Summit among Cyprus, Greece and Jordan to take place on April 14 in Amman

The second Trilateral Summit among Cyprus, Greece and Jordan will take place on April 14, in Amman, CNA has learned. The first Trilateral Summit took place in January 2018 in Nicosia. According to information, a Trilateral Summit among Cyprus, Greece and Palestine will probably take place in April as well, in Athens. Moreover, on April 10 a Trilateral meeting among Cyprus, Greece and Lebanon, is scheduled to take place, at the foreign ministers’ level, in Beirut.

Fugitives are only extradited to states source tells CNA, commenting Turkish Cypriot criticism

The Turkish Cypriot side has been constantly putting forward, during meetings of the bicommunal Technical Committee on Crime and Criminal Affairs, its demand for alleged criminals who fled to the government-controlled areas of Cyprus, to be handed over to her, however this would be illegal since fugitives can be extradited only to other states, a source has told CNA.

IMF calls for mitigation of vulnerabilities amid gathering headwinds

The International Monetary Fund called on Cyprus to mitigate the main vulnerabilities the economy is faced with, as headwinds are threatening sustained economic growth. In a statement following the conclusion of the third post-programme motoring mission, released on Thursday, the IMF said real GDP growth is projected to reach a still-robust 3�3.5% in 2019�20, from 3.9% in 2018, led by foreign direct investment, but warned of increasing headwinds to sustained growth.

Hellenic pleased with share capital increase completion

The Hellenic Bank has said that the completion of the Euros 150 million share capital increase and the listing of new ordinary shares in the Cyprus Stock Exchange marks an important milestone for the acquisition of ex Cyprus Cooperative Bank business. In a press release the Hellenic Banks says that its NPEs ratio, excluding NPEs covered by the Asset Protection Scheme (APS), has dropped from 52% to 25.6% as at 30 September 2018, while the ratio of Net NPEs, excluding NPEs covered by APS, to assets was reduced from 12% to 4%.

Officials highlight circular economy challenges and discuss sustainable mobility models at Nicosia conference

The challenges for Cyprus and other countries in their transition towards a circular economy model, as well as ways to promote sustainable mobility were highlighted by officials addressing two conferences, that started in Nicosia on Thursday morning.

Transport Minister notes need to utilize innovative technologies, at EU Informal Council

Cypriot Minister of Transport, Communications and Works Vassiliki Anastasiadou has pointed out the need to utilize innovative technologies to reduce commuting time and greenhouse emissions, noting that with further infrastructure for alternative fuel these technologies could contribute to meeting the long-term goals of the EU.

PIO Director stresses need to prevent the digital extinction of smaller languages

The need to prevent the digital extinction of smaller languages was stressed by PIO Director, Sophie Michaelides, at the 8th European Language Resource Coordination Board (LRB) Meeting, in Amsterdam. Addressing the conference which stresses the importance of promoting the digitization of smaller and minority languages to avoid digital extinction, Michaelides said

Industrial production accelerates in January

Cyprus’ Index of Industrial Production for January 2019 increased by 7.5% compared with the respective year of 2018, Cyprus Statistical Service said on Thursday. According to Cystat, the Industrial Production Index reached to 124.5 units (base 2015=100), compared with 122.6 units the previous month and 115.8 units in January 2018.

In manufacturing, the index for January 2019 reached 124.7 units, recording an increase of 6.9% compared to January 2018, Cystat added.

Source: Cyprus News Agency

CNA News – CNA – Nicosia 29/03/2019 12:12

In the interest of EU citizens for Turkey to be a candidate country, Kati Piri tells CNA

Turkeys EU accession process is in the interests of European citizens and the EU itself, Rapporteur on Turkeys EU progress in the European Parliament, Kati Piri has told CNA, while pointing out that there is a democratic deficit in Turkey. In an interview with CNA, Piri also expressed the belief that Turkey remains oriented to the West and that President Recep Tayyip Erdogan does not wish to abandon the accession process. Kati Piri, who is running for reelection to the European Parliament in the European elections in May 2019, also comments on the trust issues European citizens have towards EU institutions. We cannot deliver, she said and explained that people want solutions to their problems and they do not care whether the Council, the Commission or the Parliament would be the one to offer answers.

Trilateral Summit among Cyprus, Greece and Jordan to take place on April 14 in Amman

The second Trilateral Summit among Cyprus, Greece and Jordan will take place on April 14, in Amman, CNA has learned. The first Trilateral Summit took place in January 2018 in Nicosia. According to information, a Trilateral Summit among Cyprus, Greece and Palestine will probably take place in April as well, in Athens. Moreover, on April 10 a Trilateral meeting among Cyprus, Greece and Lebanon, is scheduled to take place, at the foreign ministers’ level, in Beirut.

Fugitives are only extradited to states source tells CNA, commenting Turkish Cypriot criticism

The Turkish Cypriot side has been constantly putting forward, during meetings of the bicommunal Technical Committee on Crime and Criminal Affairs, its demand for alleged criminals who fled to the government-controlled areas of Cyprus, to be handed over to her, however this would be illegal since fugitives can be extradited only to other states, a source has told CNA.

IMF calls for mitigation of vulnerabilities amid gathering headwinds

The International Monetary Fund called on Cyprus to mitigate the main vulnerabilities the economy is faced with, as headwinds are threatening sustained economic growth. In a statement following the conclusion of the third post-programme motoring mission, released on Thursday, the IMF said real GDP growth is projected to reach a still-robust 3�3.5% in 2019�20, from 3.9% in 2018, led by foreign direct investment, but warned of increasing headwinds to sustained growth.

Hellenic pleased with share capital increase completion

The Hellenic Bank has said that the completion of the Euros 150 million share capital increase and the listing of new ordinary shares in the Cyprus Stock Exchange marks an important milestone for the acquisition of ex Cyprus Cooperative Bank business. In a press release the Hellenic Banks says that its NPEs ratio, excluding NPEs covered by the Asset Protection Scheme (APS), has dropped from 52% to 25.6% as at 30 September 2018, while the ratio of Net NPEs, excluding NPEs covered by APS, to assets was reduced from 12% to 4%.

Officials highlight circular economy challenges and discuss sustainable mobility models at Nicosia conference

The challenges for Cyprus and other countries in their transition towards a circular economy model, as well as ways to promote sustainable mobility were highlighted by officials addressing two conferences, that started in Nicosia on Thursday morning.

Transport Minister notes need to utilize innovative technologies, at EU Informal Council

Cypriot Minister of Transport, Communications and Works Vassiliki Anastasiadou has pointed out the need to utilize innovative technologies to reduce commuting time and greenhouse emissions, noting that with further infrastructure for alternative fuel these technologies could contribute to meeting the long-term goals of the EU.

PIO Director stresses need to prevent the digital extinction of smaller languages

The need to prevent the digital extinction of smaller languages was stressed by PIO Director, Sophie Michaelides, at the 8th European Language Resource Coordination Board (LRB) Meeting, in Amsterdam. Addressing the conference which stresses the importance of promoting the digitization of smaller and minority languages to avoid digital extinction, Michaelides said

Industrial production accelerates in January

Cyprus’ Index of Industrial Production for January 2019 increased by 7.5% compared with the respective year of 2018, Cyprus Statistical Service said on Thursday. According to Cystat, the Industrial Production Index reached to 124.5 units (base 2015=100), compared with 122.6 units the previous month and 115.8 units in January 2018.

In manufacturing, the index for January 2019 reached 124.7 units, recording an increase of 6.9% compared to January 2018, Cystat added.

Source: Cyprus News Agency