CNA News – CNA – Rebekah Gregoriades – CYPRUS/Nicosia 01/12/2017 12:48

Cyprus economy sound, reflecting responsible reconstruction by the government, President says

Public finances data for the first ten months of 2017, as announced on Thursday by the Statistical Service, reflects the results of the responsible and disciplined economic reconstruction followed by the government, President of the Republic Nicos Anastasiades has said.

We are fixing what burdens the country with steady steps, Finance Minister says

Cyprus Finance Minister Harris Georgiades has said that the government is in the process of fixing all those things which burden the country and its citizens, commenting on preliminary data released by the Cyprus Statistical Service, according to which in the first ten months of 2017 the General Government recorded a surplus of Euros 498 million or 2.6% of GDP.

Cypriot Energy Minister discusses energy security and investments in Washington

Cypriot Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis met in Washington with Sue Saarnio, State Department acting Special Envoy and Coordinator for International Energy Affairs, with whom he discussed strengthening Cyprus’ energy security and investment opportunities for US companies. Furthermore, Lakkotrypis and Minister of Health George Pamborides promoted Cyprus as a business hub in a conference, in New York, late on Thursday.

Cyprus and Lebanon sign Memorandum of Cooperation to combat forest fires

Cyprus and Lebanon have signed a Memorandum of Cooperation to combat forest fires. The agreement was signed in Nicosia on Thursday by Agriculture, Natural Resources and the Environment Minister Nicos Kougialis and Lebanon’s Defence Minister Yaacoub Sarraf.

European Parliament President to pay official visit to Cyprus

President of the European Parliament Antonio Tajani will pay an official visit to Cyprus on December 8, at the invitation of President of the House of Representatives Demetris Syllouris.

Ministers of Defence of Cyprus, Greece and Lebanon to meet in Nicosia in January

A trilateral meeting among the Ministers of Defence of Cyprus, Greece and Lebanon will take place at the beginning of next year in Nicosia. This is stated in a Joint Statement issued after the meeting that took place on Thursday between the Ministers of Defence of Cyprus and Lebanon, in Nicosia.

Hellenic posts profits in Q3 and losses of Euros 17.8 million for nine months of 2017

The Hellenic Bank has announced a profit of Euros 5.1 million after tax for the third quarter of 2017, recording the first profitable quarter after having reported losses for three continuous quarters.

Unemployment in Cyprus stable at 10.2%, still the largest annual decrease in the EU

Unemployment in Cyprus remained unchanged at 10.2% in October 2017 (44,000 individuals unemployed), while a year ago it was 13.1%, according to figures published by Eurostat. This constitutes the largest decrease in the EU (Cyprus, from 13.1% to 10.2%), while Greece follows closely (from 23.4% to 20.6% between August 2016 and August 2017).

ESI increases in November, according to University of Cyprus Economic Research Centre

The Economic Sentiment Indicator (ESI-CypERC) increased in November by 2.8 points compared with October, according to the summary of the Business and Consumer Surveys of the University of Cyprus Economics Research Centre.

Industrial Output down, Transport and Storage Value up

Cyprus’ Industrial Output Prices Index for October 2017 reached 99.7 units (base 2010=100), recording a decrease of 0.3% compared to September 2017, according to data released by the Cyprus Statistical Service (Cystat). Meanwhile, Cyprus’ Turnover Value Index of Transport and Storage for the third quarter of 2017 recorded an increase of 3.0% compared to the corresponding quarter of 2016.

Source: Cyprus News Agency