CNA News – CNA – Rebekah Gregoriades – CYPRUS/Nicosia 21/06/2018 13:07

Strategic agreement on Cyprus issue means reaching a point of no return, Foreign Minister says

If there is an agreement between the parties on the six points the UNSG introduced in his framework in last July’s peace talks, then negotiations will arrive at a point where the possibility of a solution of the Cyprus problem cannot be overturned, Minister of Foreign Affairs Nikos Christodoulides has said.

United Nations next steps for Cyprus are consultations with parties, Spehar says

The next step of the UN will be to conduct consultations with all parties, said on Wednesday Special Representative and Head of the United Nations Peacekeeping Force in Cyprus (UNFICYP) Elizabeth Spehar.

President requests appointment of committee of inquiry to probe co-op

President of Cyprus Nicos Anastasiades asked on Wednesday the Attorney General Costas Clerides to appoint a committee of inquiry to carry out an in-depth probe into the co-op, government spokesman Prodromos Prodromou has announced.

Finance Minister says difficult decisions in economy serve long term public interest

The government of Cyprus has made some difficult and unpopular decisions, but these decisions lead to a clearly robust and secure banking system, Minister of Finance Harris Georgiades has said, pointing out that the progress made in recent years in the banking system is remarkable.

NPLs still a key challenge for the banks, CBC Governor says

Central Bank of Cyprus (CBC) Governor Chrystalla Georghadji has outlined the key challenges faced by the banking sector during her speech at the Annual General Meeting of the Cyprus Banking Association.

Fitch upgrades Bank of Cyprus covered bonds to “BBB+”

Fitch Ratings has upgraded Bank of Cyprus Euros 650 million outstanding conditional pass-through (CPT) covered bonds to BBB+ from BBB and removed it from Rating Watch Positive. The Outlook is Stable.

Cyprus continues to support refugees says Interior Minister, cites 40% increase in asylum requests in 2018

Interior Minister Constantinos Petrides assured Wednesday of Cyprus’ continued support towards refugees. Speaking on the occasion of World Refugee Day, in Nicosia, the Minister cited the latest Eurostat data, showing that Cyprus is the country receiving most asylum applications per capita. During the first five months of 2018, applications increased by 40%, according to Petrides.

Conservation works to Ravelin/Land Gate in Famagusta completed at a cost of Euros 670,000

More than 400 people attended an event marking the completion of conservation works to the Ravelin/Land Gate in the Turkish occupied town of Famagusta. The event, held on Tuesday, was organised by the United Nations Development Programme (UNDP) in partnership with the bi-communal Technical Committee on Cultural Heritage and the European Commission.

Statistics: Industrial turnover up, road deaths increase, general consumer prices 88% of EU average

The Industrial Turnover Index for March 2018 reached 93.5 units (base 2010=100), recording an increase of 3.7% compared to March 2017. Furthermore, Cyprus registered the largest road deaths increase in the EU, with 15%, in 2017. Also, in 2017, in Cyprus the general price level stood at 88% of the EU average.

Source: Cyprus News Agency