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Klonari Village                                                     Photo © CyprusExpat.co.uk

29 April 2017

1. Cyprus President attends EU Summit on Brexit guidelines

Cyprus President Nicos Anastasiades will be in Brussels on Saturday to participate in the European Council that will set out the guidelines for the negotiations between the European Union and the United Kingdom notification of withdrawal from the EU. The Council begins at noon. After the UK invoked article 50 the EU treaty in late March, negotiations are scheduled to last up to two years. The guidelines to be approved by the 27 heads of state and government will constitute the principles governing the EU negotiating headed my former EU Commissioner Michel Barnier.

2. Cyprus - India confident that agreements signed will give a new direction and depth to bilateral partnership

President of the Republic Nicos Anastasiades and Indian Prime Minister Narendra Modi on Friday signed a number of bilateral agreements and Memoranda of Understanding on culture, education and scientific cooperation, merchant shipping, air services and agriculture. President of India Shri Pranab Mukherjee has said that his country lauds the economic recovery of Cyprus particularly its return to a positive rate of growth which is among the fastest in the European Union. At a special ceremony on Friday at the Presidential Palace in New Delhi, President Anastasiades, conferred on  President of India, the Grand Collar of the Order of Makarios III, the highest civilian award of the Republic of Cyprus.

3. Four men remanded in custody for three days over kidnapping of 4 year-old girl

Four men were remanded in custody for three days in connection with the abduction of a four year girl in Nicosia on Thursday. According to information obtained by the Police, one of the suspects had been contracted to organise the abduction. The Foreign Ministry of the Republic of Cyprus is in contact with the Norwegian Foreign Ministery with regard to the issue  a Foreign Ministry source has told CNA.

4. Deposits up by €332,1 million in March

Total deposits in March 2017 recorded a net increase of €332,1 million, registering an annual growth rate of 7,1%, compared with a net increase of €174,9 million or an annual increase of 6,2% in February 2017. The outstanding amount of deposits reached €49,6 billion in March 2017, according to figures released on Friday be the Central Bank of Cyprus.

5. Parliament adopts EU legislation on bank contracts for the purchase of property

The House of Representatives plenary unanimously voted on Friday two bills into law, thus transposing EU rules into national law on contracts with credit institutions for the purchase of property. The new legislation regulates mortgages which relate to property which will be the residence of the consumer, as well as credit contracts without collateral for amounts over €75,000 on the renovation of property which is used as a residence.

6. Cyprus supports Georgia`s EU course

Cyprus is supporting Georgia`s European course, President of the House of Representatives Demetris Syllouris said, during a meeting Friday with the country`s ambassador in Nicosia, Revaz Lominadze, on the occasion of 25 years since the two countries established diplomatic relations.

7. Balance between freedom of expression and protection of human rights  at a CoE Conference

The dangers of imprudent use of the Internet and the need for a sound legislative framework for freedom of expression were discussed at a Council of Europe conference hosted on Friday in Nicosia. Cyprus holds the Chairmanship of the Council of Europe until mid May and a number of events and conferences take place in both Cyprus and Strasbourg.

8. Cypriot MP speaks up for protection of cultural property in PACE

Head of the Cypriot delegation in the Parliamentary Assembly of the Council of Europe (PACE), MP Stella Kyriakidou has spoken up in support of a draft Council of Europe Convention on Offences relating to Cultural Property. Addressing the plenary Kyriakidou, in Strasbourg, said that the Convention will remedy current legal weaknesses and gaps in the criminal prosecution of perpetrators while at the same time significantly enhancing the measures on international cooperation for the protection of cultural heritage from looting, illegal trafficking and illicit trade of antiquities, a House of Representatives press release issued here today says.
 
9. FinMin accepts applications for 6-year bonds of €4 mn from local investors

The Finance Ministry`s Public Debt Management Office has announced that it has accepted applications of a total value of €4,024,500 from local investors for six year bonds maturing in 2023 and one application for special bonds maturing in 2024 of €300,000. In a press release, the Public Debt Management Office announces that “on April 20, submission of applications for the purchase of six – year bonds of the Republic of Cyprus for natural persons of the 5th series (May 2017) ended.”

10. The sky is not the limit, CSEO President tells CNA ahead of NASA competition

The sky is not the limit, President of the Cyprus Space Exploration Organisation (CSEO) George Danos has told CNA ahead of the annual NASA space apps challenge which will be organised in Cyprus this weekend for the fifth consecutive year. “We bring back to Cyprus the NASA Space Apps competition thus promoting space innovation in our country”, he said. Danos added that the winning teams from the local competition in Cyprus will participate in the international competition NASA International Space Apps Challenge.CNA

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