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Tochni Village                                                  Photo ©

02 October 2017

1. Cyprus President praises Beijing for principled stance in settlement efforts

President of the Republic of Cyprus Nicos Anastasiades praised on Wednesday the principled stance of Beijing vis-à-vis settlement efforts on the island, aiming to turn Cyprus into a “normal state”.
The President and the First Lady attended a reception on Wednesday evening hosted by the Embassy of China, in Nicosia, on the occasion of the 68th anniversary of the founding of the People’s Republic of China. During the event, a letter by Chinese President Xi Jinping was read, congratulating President Anastasiades on the occasion of his birthday.
2. CMP members meet with British officials to seek further cooperation

The three members of the Committee on Missing Persons (CMP) have had meetings this week with government officials and MPs in London seeking further cooperation with regard to Cyprus related British archives.
3. House President presents report on first session of 11th parliamentary term

Reforms and changes in the way the Cyprus parliament works were presented on Wednesday by President of the House of Representatives Demetris Syllouris, who was reporting on the first session of the eleventh parliamentary term.
4. Economic sentiment picks up in September due to services

In September 2017 economic sentiment in Cyprus picked up as the Economic Sentiment Indicator of the Economics Research Centre (CypERC) of the University of Cyprus increased by 4.1 points compared with August 2017. The increase was driven by confidence improvements in services and among consumers. Meanwhile,
5. Deposits in August up by €427 million, loans down by €107 million

Total deposits in August 2017 recorded a net increase of €427.0 million, compared to a net increase of €513.4 million in July 2017, according to the Monetary Financial Institutions (MFIs) Deposits and Loans Statistics issued by the Central Bank of Cyprus. Meanwhile, Cyprus climbed 19 places and ranks 64th among 137 countries in the comparative table of economies, publicised on Wednesday by the World Economic Forum, better known in Cyprus as the “Davos Forum."

6. IMF and ECB show strong interest in NPLs in a meeting with Financial Ombudsman

Representatives of the European Central Bank and the International Monetary Fund met on Wednesday with Financial Ombudsman Pavlos Ioannou, in Nicosia.
He said that the representatives of the two organisations found the procedures followed by his Office very interesting. Meanwhile, Cyprus despite the overperformance of fiscal targets should not be complacent and promote reforms to tackle challenges facing the economy, a delegation of the Cyprus Chamber of Commerce and Industry, told Cyprus’s lenders on Wednesday.
7. Occupied Municipalities Committee discusses Turkey`s human rights violations in Cyprus with UN

The systematic and blatant violation of human rights in Cyprus by Turkey and the Turkish Cypriot occupation regime were discussed on Wednesday in a meeting between the Occupied Municipalities Committee and the Human Rights Officer at the Office of the United Nations High Commissioner for Human Rights in Geneva, Roanna Tay.
8. Larnaka town, on the southern coast, aims to attract diving tourism

The southern coastal town of Larnaca aims to attract diving tourism and for this reason it will soon host its own artificial reef. Larnaka Tourist Board has already purchased a 63m long commercial boat from Greece.CNA