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Pentalia Village                                                               Photo © CyprusExpat.co.uk

12 June 2017

1. Drilling ship "West Capella" in position at Block 11

The drilling ship “West Capella”, is in position since dawn Wednesday ahead of drilling in Block 11 of the Cyprus Exclusive Economic Zone that will take place by French Total in consortium with Italian Eni which have acquire last March 50% participating interest of Block 11. Meanwhile, the US State Department has said it recognizes the Republic of Cyprus` right to develop its resources in its EEZ. A spokesperson for the State Department said “the U.S. policy on Cyprus’s EEZ is longstanding – We recognize the Republic of Cyprus’s right to develop its resources in its Exclusive Economic Zone”.
 
2. Cyprus’ President hopes there would not be any Turkish provocations in relation to energy

Cyprus President Nicos Anastasiades expressed hope that there will not be any Turkish provocations in relation to hydrocarbons exploration in Cyprus EEZ, that would jeopardize the interests of big companies and Cypriot people and also damage the interests of Turkey.
 
3. UN SG invites the leaders to reflect on the possible road ahead in his Report on UNFICYP

The UN SG Antonio Guterres invited the two leaders, Cyprus President Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci, given the disappointing outcome in Crans-Montana, to reflect deeply on the results and on the possible road ahead.
 
4. President Anastasiades stresses that “no damage has been done to the Greek Cypriot side in the talks”

"I do not think any damage had been done to the Greek Cypriot side from the negotiations” in Crans-Montana, Cyprus President Nicos Anastasiades said . Speaking during a press conference, at the Presidential Palace, in Nicosia, to evaluate the outcome of settlement talks that ended inconclusively last week in Crans-Montana, Switzerland, President Anastasiades reiterated that the proposals submitted by the Greek Cypriot side on July 5 , 2017, in the framework of the Cyprus Conference "were withdrawn due to the failure to meet the claims we made".
 
5. Turkey never intended to commit to a Cyprus solution, says Greek PM

Turkey never intended to commit to a solution allowing Cyprus to be truly independent and sovereign, Greek Premier Alexis Tsipras said Tuesday, while addressing the Hellenic Parliament. While briefing the House in Athens over the latest developments regarding the Cyprus issue, Tsipras underlined that a just and viable Cyprus solutions implies the abolitions of intervention rights and guarantees, as well as the withdrawal of Turkish occupation troops. In another development,  US Vice President Mike Pence and PM Tsipras in a telephone conversation they had on Monday, expressed regret that the Conference on Cyprus concluded last week without a settlement agreement.
 
6. The ECOFIN Council adopted the 12th of June Macroeconomic Recommendations for Cyprus, without any discussion

The ECOFIN Council adopted Tuesday 5 categories of macroeconomic recommendations for Cyprus, without discussion, following the publication of the country-specific recommendations (CSRs) on macroeconomic and fiscal policy, on February 22 by the Commission, in the framework of the European Economic Semester.
 
7. Harmonized Price Index increase 0,9% annual rate for June 2017

In June 2017, the Harmonized Price Index (HICP) in Cyprus increased by 0,9% when compared to June 2016, while compared to May of 2017 increased by 0,3%, according to the Statistical Service of Cyprus. For the period between January and June 2017 the HICP recorded an increase of 1,2% compared to the corresponding period of the previous year. It is noted, that the HICP in Euro area for the last month is based on EUROSTAT estimation (flash estimate).
 
8. The 11th of July 2011 has been one of the most tragic days in Cyprus modern history, says President Anastasiades

The 11th of July 2011 has been marked as one of the most tragic days in the modern history of Cyprus, the President of the Republic of Cyprus Nicos Anastasiades has said, regarding the massive explosion at the naval base “Evangelos Florakis”, at Mari on the southern coast, in July 11, 2011. Thirteen people died and more than 60 people were injured during the explosion.CNA

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