CNA News – CNA – Thalia Neophytou – Nicosia 17/05/2019 11:15

President expects UKs position on EEZ to be in line with the international law, Spokesman says

Cyprus President Nicos Anastasiades expects the UKs position on the issue of Cyprus’ Exclusive Economic zone to be in line with the international law and the UN Convention on the Law of the Sea, Government Spokesman Prodromos Prodromou has said. Asked about Nicosia’s representations to London over the latter’s stance on the issue of Cyprus’ EEZ and if Cyprus will ask the British side to make their position clear, the Spokesman said that the President of the Republic expects from Britain to have a position in line with the international law, the UN Convention on the Law of the Sea and of course in line with the position expressed from the very beginning by the UK Foreign Secretary, in line with the EU general position, announced by the Commission’s Vice President Ms Mogherini. Cyprus President Nicos Anastasiades has told the UNSG’s Special Envoy Jane Holl Lute that the violation of the Republics sovereign rights in its Exclusive Economic Zone does not help create the appropriate climate and does not allow the resumption of dialogue with a view to solve the Cyprus problem, Government Spokesman Prodromos Prodromou said on Thursday,

Foreign Office repeats Duncan statement and expresses concern over EEZ situation

The Foreign Office has repeated the statement by the Minister for Europe Sir Alan Duncan regarding sovereignty under dispute in the Exclusive Economic Zone of Cyprus, adding that the UK has called on Turkey not to proceed with any drilling in the area. In an official statement issued to the Cyprus News Agency in London on Thursday afternoon, a Foreign Office spokesperson said: We are following developments in the Eastern Mediterranean with concern. We would like to see the situation deescalated.

President tells Lute that mutual respect is required between two communities

President Nicos Anastasiades said on Thursday that what is required for the resumption of the Cyprus talks, is mutual respect between the two communities in order for peace to prevail and in order to reach the conditions for peaceful coexistence, adding that what is also necessary is that one does not feel that the other is trying to impose. He said that he conveyed this message to Jane H?ll Lute, UNSG Envoy’s on Cyprus during a telephone conversation they had last night.

Greek FM condemned unreservedly Turkey’s illegal actions in Cyprus’ EEZ, during his meeting with Cavusoglu

Greek Minister of Foreign Affairs Giorgos Katrougalos expressed to his Turkish counterpart Mevlut Cavusoglu, Greece’s strong condemnation of Turkey’s illegal actions in Cyprus’ EEZ, during their meeting on the margins of the 129th Session of the Committee of Ministers of the Council of Europe, in Helsinki. After the meeting, Minister Katrougalos stated to journalists that he expressed to his Turkish counterpart Greece’s unreserved condemnation of the unilateral illegal actions of Turkey in Cyprus’ EEZ, asking that these activities immediately stop.

New CBC Governor warns over delays in due diligence checks on foreign transactions

Constantinos Herodotou, the new Governor of the Central Bank of Cyprus (CBC), called on the Cypriot banks to invest in technology and staff training to speed up due diligence checks on lawful transactions for anti-money laundering (AML). Noting that there are many examples where businessmen opt to carry out their lawful transactions in other countries due to delays in the Cyprus banking system, Herodotou said the Cypriot banks take more time to carry out due diligence checks compared with their EU peers, although AML directives are the same for all member-states.

Government unveils 2019-2023 National Strategic Framework on Research and Innovation

Cyprus’ 2019-2023 National Strategic Framework on Research and Innovation was unveiled on Thursday during an event at the Presidential Palace, in the presence of President Nicos Anastasiades, who said that the Government aims to more than double expenditure on research and development and increase private contribution to it. Referring to the creation of a comprehensive development system in the field of research and innovation, the President spoke of one of the Government’s most important reforms.

Cyprus registers trade deficit of 1.0 billion in Q1 2019

The first estimate for euro area (EA19) exports of goods to the rest of the world in March 2019 was Euros 205.6 billion, recording an increase of 3.1% compared with March 2018 (Euros 199.5 bn). Imports from the rest of the world stood at Euros 183.1 bn, a rise of 6.0% compared with March 2018 (Euros 172.7 bn). As a result, the euro area recorded a Euros 22.5 bn surplus in trade in goods with the rest of the world in March 2019, compared with + Euros 26.9 bn in March 2018. Intra-euro area trade fell to Euros 172.1 bn in March 2019, -0.3% compared with March 2018. In Cyprus the total volume of exports amounted to 0.9 billion euro, a -28% decrease compared to the same period of the previous year (0.6 billion euro or 149% increase with the EU and 0.3 billion euro or -71% decrease with the rest of the world.

Source: Cyprus News Agency