CNA News – CNA – Rebekah Gregoriades – CYPRUS/Nicosia 18/06/2019 13:40

President optimistic that EU will send stronger messages to Turkey on provocations in Cyprus’ EEZ

President Nicos Anastasiades appeared optimistic on Tuesday that the EU partners will send stronger messages to Turkey as regards her provocative actions in Cyprus’ exclusive economic zone (EEZ). Speaking to the press at the Presidential Palace, the President pointed out that this is our aim (for stronger messages) following the Med 7 Summit in Malta last Friday.

EU must send a clear and concrete message to Turkey, Greek FM says

In the context of the EU Foreign Affairs Council, held on Monday, June 17, in Luxembourg, the Foreign Ministers of Greece and Cyprus proceeded jointly to a systematic coordination of their positions regarding Turkey’s illegal actions in the Eastern Mediterranean and more specifically in the Cyprus’ Exclusive Economic Zone (EEZ). In his statement, Greek Foreign Minister Giorgos Katrougalos underlined that the European Council since 2018 has denounced Turkish actions as illegal and incompatible with the International Law, calling on Turkey to restrain from such provocations. He also stressed that it is time that the European Union, as a whole, sends a clear and concrete message to Turkey to stop these illegal and provocative actions.

Greece and Cyprus will make efforts for sanctions against Turkey, Greek Minister of Defence says

Greek Minister of National Defence Evangelos Apostolakis has said that Greece and Cyprus coordinate their diplomatic actions in order to stop Turkey’s illegal actions in Cyprus’ Exclusive Economic Zone (EEZ). Apostolakis noted that if Turkey continues to display a provocative stance, Greece and Cyprus will make joint efforts for the implementation of sanctions against Turkey, in the context of the forthcoming EU Summit.

OSCE ready to provide assistance to efforts for a Cyprus settlement, Tsereteli says

The Organization for Security and Co-operation in Europe (OSCE) is ready to provide assistance to efforts for a Cyprus settlement, OSCE Parliamentary Assembly President George Tsereteli said on Tuesday.

Cyprus’ borrowing cost continues downward trend

The borrowing cost of the Republic of Cyprus is continuing its downward trend, as the ten-year bond yield has fallen to historically low levels in recent months. The 10-year Cypriot bond with a 2.38% coupon issued in September 2018 hit a new historic low of 0.824%, from 0.92%, 10 days ago. The yield of the 10-year bond fell by 51.2 basis points within a month, from 1.336% on May 17.

Source: Cyprus News Agency