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Pelendri Village                               Photo © CyprusExpat.co.uk

04 July 2017

1. Talks on security and guarantees continue on Tuesday morning, following Monday`s  discussions

Monday`s discussions on the thorny issue of security and guarantees concluded  after a session lasting one and a half hours, during which Cyprus` three guarantor powers (Greece, Turkey and the UK) and the leaders of the island`s two communities, President Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci were present. The Greek Cypriot side has submitted three documents at the UN-facilitated peace talks. Cyprus Government Spokesman Nikos Christodoulides has called on Turkish Foreign Minister Mevlut Cavusoglu to make public his proposal on the issue of security and guarantees in Cyprus. Greek Foreign Minister Nikos Kotzias criticised those who are in a hurry to create impressions at the talks in Crans Montana.

2. No announcement on possible return of UNSG to Switzerland

An official of the UN Secretariat has said that he does not know of any announcement as to the return of UN Secretary General Antonio Guterres, in Crans-Montana, Switzerland where a Conference on Cyprus is taking place. The UN Security Council will be briefed on the latest developments regarding the Cyprus issue on the 19th of July. British Prime Minister discusses Cyprus with Turkish President in a telephone conversation. First Vice President of the European Commission Frans Timmermans will debrief Tuesday the College of Commissioners in Strasbourg, on the results of the first week of talks in Crans Montana.

3. Weekend`s temperatures, highest for July in the last 30 years

Extremely high temperatures hit Cyprus during the last weekend (1-2 July 2017), which are the highest ever recorded for July in the last 30 years. According to a press release by the Meteorology Department, on 1 July the daily maximum temperature at Pafos airport was 41.6°C, while on 2 July the daily maximum temperature at Athalassa was 44.6°C, at Lemesos port 41.4°C, at Paralimni 41.9°C and at Prodromos 36.7°C.

4. HB announces the start of operations of a new entity to manage its NPLs

Hellenic Bank Public Company Ltd announced that it has sold its non-performing loan and real estate management business for €20,6 million to a newly established entity APS Debt Servicing Cyprus Ltd that started operations on Monday. APS Cyprus which is a member of the APS Holding a.s. group of companies, will manage the Bank’s non-performing loans and real estate assets.

5. National Guard is changing, Minister of Defence says

The Cyprus National Guard is changing and is being modernized, Minister of Defence Christoforos Fokaides has said. The Minister, who visited on Monday the army training camp (KEN) in the coastal town of Pafos on the occasion of the conscripts of 2017B’, said that the National Guard is being transformed into a modern army.

6. Flight connectivity in Cyprus increases significantly, says Minister of Transport

Minister of Transport Marios Demetriades expressed on Monday his confidence that Cyprus’ economy is back on track, following the economic crisis, adding that the country’s connectivity has also increased significantly along with the development in the aviation industry, speaking during an event at Larnaca airport, organized by Hermes Airport and Blue Air on the occasion of the company’s third aircraft.
 
7. FINMIN announces 13 week treasury bills for the amount of €100.000.000

The Public Debt Management Office announces that during today’s 13 Week Treasury Bills Auction, tenders for a total amount of €196.9 mn were submitted,  out of which, €100 mn total nominal value have been accepted with a weighted average yield of -0,05%. The accepted yields ranged between -0,02% and -0,1%.   

8. Halloumi Protected Designation of Origin application continues normally says Commission source

The application process for the registration of the names "Halloumi"/"Hellim" as a Protected Designation of Origin (PDO) is following its normal course, a senior European Commission source told CNA, denying a story published earlier by the Belgian Newspaper De Morgen on the implications of the PDO procedure on the Cyprus negotiations. At the same time he European Commission has warned Cyprus on readiness to enforce the Birds Directive if the new hunting law is judged not compliant, Enrico Brivio, EC Spokesman, told CNA.

9. EP`s anti money laundering Committee to pay a visit to Cyprus

Members of the European Parliament’s Committee of Inquiry into Money Laundering, Tax Avoidance and Tax Evasion (PANA) arrive on Thursday in Cyprus to probe alleged violations and cases of mismanagement in the implementation of the relevant European legislation. The delegation will meet on Friday with the Ministers of Finance, Interior and Energy, as well as with the President of the House Finance Committee.

10. Cyprus and the role of religion in peacebuilding to be discussed at Almedalen Week in Sweden
Representatives from the Religious Track of the Cyprus Peace Process (RTCYPP) are currently in Gotland, Sweden to be part of a seminar on 4th of July on the role of religion in conflict and peacebuilding at “Almedalen Week 2017”. Bishop Porfyrios of Neapolis, head of the Representation of the Church of Cyprus to the European Union, Imam Shakir Alemdar of Hala Sultan Tekke, representative of the Mufti of Cyprus and Salpy Eskidjian  will elaborate on the joint efforts of the Christian and Muslim religious leaders of Cyprus for human rights, peace and reconciliation.CNA

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