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Lemithou Village                                                 Photo © CyprusExpat.co.uk

31 May 2017

1. President: Eide’s references to possible escalation of tension are unacceptable

President of the Republic Nicos Anastasiades has described as “unacceptable” remarks by the UNSG’s Special Advisor on Cyprus Espen Barth Eide who said that the best way to avoid “a hot incident” in relation to energy issues this summer is to resume negotiations. In separate statements, the President said he would feel sad if the peace talks lead to a deadlock. Meanwhile, Eide comprehensively briefed UN Secretary General Antonio Guterres after his meetings in Athens and Ankara on Monday and Tuesday, respectively.

2. House President discusses Cyprus issue, EU-Armenia relations and regional issues with Armenian Minister

The Cyprus issue, EU-Armenia relations and regional issues were discussed at a meeting House President Dimitris Syllouris had on Tuesday with the Armenian Defence Minister Vigen Sargsyan, who pays Cyprus an official visit , at the invitation of his Cypriot counterpart.

3. Cyprus-related judgments to be reviewed again in Strasbourg

The Committee of Ministers of the Council of Europe convenes next week in Strasbourg to review the implementation of European Court of Human Rights (ECHR) judgments, including those pertaining to Turkish-occupied property cases and missing persons in Cyprus.

4. Bank of Cyprus posts €2 million profit for Q1 2017

Bank of Cyprus posted net profit amounting to €2 million the first quarter of 2017, with profitability hampered by a €18 million fine by the Competition Watchdog as well as increased provisions for loan impairments.

5. First female journalist in Cyprus honoured

The first woman journalist in Cyprus Maroula Violari - Iakovidou was honoured during an event organized on Tuesday in Nicosia, by the veteran journalists branch of the Union of Cyprus Journalists (UCJ).

6. Economic sentiment rises moderately in Cyprus, falls slightly in the EU in May

Economic sentiment in Cyprus increased from 115.5 points in April to 116.1 in May, according to the European Commission. Meanwhile following the strong increases of April, the Economic Sentiment Indicator (ESI) softened in May in both the euro area (by 0.5 points to 109.2) and the EU (by 1.0 point to 109.7).

7. Revenue from tourism stood at €86.1 mn in March

Revenue from tourism reached €86.1 mn in March 2017 compared to €80.9 mn in the corresponding month of the previous year, recording an increase of 6.4%, on the basis of the results of the Passenger Survey, published on Tuesday by the Statistical Service of Cyprus.

8. Industrial production increases in first three months

The Index of Industrial Production recorded an increase of 8.7% in the period January - March 2017, compared to the corresponding period of the previous year.CNA

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