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Potamitissa Village                                          Photo © CyprusExpat.co.uk

01 August 2017

1. Cyprus issue developments the focus of National Council meeting

The National Council, the country`s top advisory body, meets today, at the Presidential Palace, under the chairmanship of Cyprus President Nicos Anastasiades to discuss recent developments in the Cyprus issue. Meanwhile, UN Secretary General`s Special Adviser on Cyprus Espen Barth Eide will arrive to Cyprus on August 2nd and on August 3rd will have separate meetings with Cyprus President Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci.

2. UK repeats position on Cyprus guarantees

The UK Government has repeated its position that it is ready to accept any possible agreement between the remaining parties  involved on the Cyprus security and guarantees issue.

3. Prospects from ENI’s activity in Cyprus’ EEZ are important for all Europe, says Italy’s Defence Minister

Prospects arising from ENI’s activity in Cyprus` exclusive economic zone (EEZ) are very important for all of Europe, Italy’s Defence Minister Roberta Pinotti said on Monday.

4. Unemployment in Cyprus further declines to 10.8% in June, according to Eurostat

Seasonally adjusted unemployment rate in Cyprus further declines to 10.8% (10.8% for male and equally 10.8% for the female)  in June 2017, down from 11% in May 2017 and 12.9% in June 2016, according to Eurostat, the statistical office of the European Union.
 
5. Government raises €5.25 million through bond issue

The Ministry of Finance raised on Monday €5.25 million through a six-year bond issue, the Public Debt Management Office said in a press release. In another development, the Cypriot government posted a €62.5 million fiscal surplus in the first half of 2017 compared with a deficit of €42.4 million in the respective period of 2016, the Finance Ministry said on Monday.
It also announced that €100 mn was raised in a 13-week Treasury bills auction at a negative yield for the seventh consecutive month.

6. Household debt at €22 bn in Q1, cash and deposits at €29.02 bn

The total debt of households and non-profit institutions stood at €22.0 billion in the first quarter of 2017, remaining at the same level as in the previous quarter, according to quarterly financial accounts published on Monday by the Central Bank of Cyprus.
 
7. EU provides €790.000 to Cyprus for fruit, vegetables and milk for 2017-2018 school year

The European Unions is starting as of today the funding of a new scheme to distribute fruit, vegetables and milk in schools during the 2017/2018 school year. The new scheme aims at promoting healthy eating habits among children and supports the farming industry, following a decision of the Council of the Member States under Agriculture Ministers format, some months ago.
 
8. About 1.4 million passengers set to use Cypriot airports in August

Approximately 1.4 million passengers are expected to use the international airports of Larnaka and Pafos, in Cyprus in August. Hermes Airports spokesman Adamos Aspris said in statements, on Tuesday, that "passenger traffic during August will the greatest ever," adding that during the month approximately 1.4 million passengers will travel through the airports of Larnaka and Pafos.
 
9. Service person arrested in connection with deadly road accident, British Forces in Cyprus say

The British Forces in Cyprus have confirmed the arrest of a member of the British military in connection with a road traffic incident which resulted in the death of Corporal John Fernandez and has said that a thorough investigation of the incident is underway.CNA

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