CNA News – CNA – Rebekah Gregoriades – CYPRUS/Nicosia 05/12/2017 12:18

Eurogroup praises Cyprus on post programme results, assesses 2018 draft budget, elects Centeno as next President

“A year and a half after exiting the programme, Cyprus is exceeding expectations, particularly on growth”, Jeroen Dijsselbloem said, following the Eurogroup meeting of 4 December in Brussels, which assessed two cases of post programme surveillance, namely Cyprus and Spain.

UN Secretary General recommends minor reductions in UNFICYP

UN Secretary General Antonio Guterres has recommended to maintain the preventive and deterrence capabilities of the United Nations Force in Cyprus (UNFICYP), with minor reductions, and, in parallel, expanding its observation, liaison and engagement capabilities, in his report on the strategic review of UNFICYP, an unofficial copy of which was handed over on Monday afternoon to the UN Security Council members.

House President concludes first day of official meetings in London

President of the House of Representatives Demetris Syllouris held a series of meetings with political and other officials in London on Monday, the first day of official engagements. The focus of the talks he held was on Brexit, as well as bilateral relations between Cyprus and the UK, the Commonwealth, the Cyprus issue and the diaspora.

Browder files demand to ban Cyprus-Russia cooperation

The Nicosia District Court on Monday examined a demand filed by Bill Browder, who is wanted in Russia, for a decree prohibiting the Republic of Cyprus to cooperate with the Russian authorities in relation to this case, which has now taken on an international dimension.

Russian authorities request criminal investigation into Loizidous case

The Prosecutor Generals Office of the Russian Federation has asked the Cyprus authorities to begin a criminal investigation into the case of senior attorney Eleni Loizidou, at the Law Office of the Republic of Cyprus.

Corruption levels in Cyprus inconceivable, according to senior officials

The level of corruption in Cyprus is inconceivable and the phenomenon still reigns, despite recent blows, speakers at a seminar on corruption said on Monday. The seminar, organised in Nicosia by the Ministry of Justice and the University of Nicosia, was addressed by Justice Minister Ionas Nicolaou, Attorney General Costas Clerides and Auditor General Odysseas Michaelides, among others. All agreed that there must be zero tolerance towards corruption.

As Cyprus economy recovers, Cypriots must benefit more from investment plans, EU Commissioner says

After three years of remarkable reform efforts the economy of Cyprus is recovering, European Commission Vice-President for Jobs, Growth, Investment and Competitiveness, Jyrki Katainen said, addressing an event in Nicosia on EU Funding and the Investment Plan for Europe, adding that Cyprus must work more to benefit from Europe’s investment plans.

Review of Turkey’s compliance with property-related Court judgments underway in Strasbourg

The Committee of Ministers of the Council of Europe embarks today on a three-day review regarding the implementation of European Court judgments, among other rulings, in the case of Turkish-occupied properties in Cyprus.

Rates for fixed one-year deposits and loans to non-financial corporations hit historic lows in October

Data released by the Central Bank of Cyprus on Monday showed that the Interest rate for households fixed one-year deposits and the rate on loans to non-financial corporations for amounts up to Euros 1 million fell in October 2017 to historic lows. The rate for consumer loans and mortgage rates both presented an increase in the tenth month of the year.

Cyprus spends 3.2% GDP on social protection, 2% on alcohol; industrial producer prices drop

EU Member States spent 7.3% of GDP on social protection expenditure on disability benefits in 2014, with Cyprus spending 3.2%, according to Eurostat. Furthermore, households in the EU spent 1.6% of their total consumption expenditure on alcohol, while Cyprus spent 2%. Meanwhile, in October 2017, compared with September 2017, industrial producer prices rose by 0.4% in both the euro area (EA19) and the EU28, but dropped in Cyprus by 0.5%.

Source: Cyprus News Agency