CNA News – CNA – Rebekah Gregoriades – Nicosia 28/05/2019 12:10

US is looking for friends sharing its core values, Congressman says; Nicosia satisfied with positions

Given “Russia’s malevolent machinations”, the US is looking for friends who share its core values, as democracy, and that is certainly the situation here as well, Chairman of the US Congress Foreign Affairs Committee Eliot Engel said after being received on Monday by Cyprus President Nicos Anastasiades. Nicosia expressed satisfaction over the positions expressed by Engel, as regards the Republic of Cyprus’ sovereign rights and Cyprus-US relations. Engel also met with the UNSYG’s Special Representative in Cyprus, Elizabeth Spehar.

President Anastasiades in Brussels for Extraordinary European Council

President of the Republic of Cyprus Nicos Anastasiades will be departing for Brussels on Tuesday to participate in the Extraordinary European Council, to be held on the same day. The Council will be in the form of a working dinner of the heads of state and government of the EU member states, and will focus on issues concerning EU institutions and the election of senior officers of EU institutions.

Government stresses role of Cypriot MEPs in promoting the Republics positions as regards problems created by Turkey

The government counts on Cypriot members of the European Parliament activities aiming to promote the Republic of Cyprus positions as regards problems which the Turkish side has been trying to create using various means and ways, Government Spokesman Prodromos Prodromou has said.

Turkey owes more than Euros 100 mln in damages to Greek Cypriot enclaved and missing persons’ relatives, says Nicosia

Turkey owes damages in excess of Euros 100 mln to enclaved Greek Cypriots and relatives of missing persons, inclusive of interest, following the European Court of Human Rights judgment in the Cyprus v. Turkey case. Nicosia calls on the Committee of Ministers of the Council of Europe to adopt an interim resolution, to mark the Committee’s disapproval for the debt and in a bid to persuade Turkey to finally fulfil its indisputable obligations.

Cyprus raises Euros 75 million in T-bill auction

Cyprus raised Monday Euros 75 mn in 13 Week Treasury Bills auction, with a weighted average yield of -0,07%. As the Public Debt Management Office announced, during today’s 13 Week Treasury Bills Auction, tenders for a total nominal value of appr. Euros 139 mn were submitted out of which, Euros 75 mn total nominal value have been accepted with a weighted average yield of -0,07%. The accepted yields ranged between -0,09% and -0,05%.

ICS chairman pays tribute to Cyprus shipping

Esben Poulsson, the Chairman of the International Chamber of Shipping (ICS) has praised the Cyprus Shipping Chamber (CSC) as a model member, while he stressed that the lifting of the restrictions imposed by Turkey on Cypriot-flagged ships would be result in a win-win situation. Poulsson will attend the CSC’s annual meeting on May 30 which will mark its 30th anniversary.

“Argonaut 2019” exercise underway

The international maritime Search and Rescue exercise “Argonaut 2019” is underway. The exercise, held from May 28-30, the Ministry of Defence announced, takes place in cooperation with Ministries of Interior and Foreign Affairs and is observed by a large number of foreign army officers and members of the diplomatic corps.

Economic sentiment in Cyprus deteriorates in May compared to April

The economic sentinment in Cyprus in May 2019 deteriorated as the Economic Sentiment Indicator (ESICypERC) decreased by 1.3 points compared with April 2019. However, the Indicator continues to move higher than its long-term average of 100 points. According to the Economics Research Centre of the University of Cyprus, the decline compared with April resulted from a worsening of economic confidence in services, retail trade, industry and among consumers.

Retail trade up in the first three months of the year

The retail trade increased in the first quarter of the year, official figures show. On the basis of provisional estimates of the Statistical Service of Cyprus, the Turnover Value Index of Retail Trade rose by 2.6% from January to March 2019 compared with the same period of 2018.

Source: Cyprus News Agency