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Tochni Village                                                  Photo ©

03 October 2017

1. An historic opportunity for a Cyprus solution was lost in Crans Montana, UN Secretary General says

The firm belief that an historic opportunity was missed, in Crans-Montana, is expressed by the UNSG Antonio Guterres, in a report on his good offices mission in Cyprus. The SG reaffirms the readiness of the UN to assist the sides when they should jointly decide to engage in a process with the necessary political will, in order to conclude the strategic agreement that was emerging in Crans-Montana. He clarifies that in the future, agreement should be pursued at the strategic level on key outstanding issues which would form the basis for the comprehensive settlement and that, following the conclusion of a strategic agreement, details would need to be worked out at the technical level.

2. Russia supports Cyprus` efforts to achieve a solution, Putin pledges in a message to Anastasiades

President of the Russian Federation, Vladimir Putin, has sent a congratulatory message to the Cypriot President on the occasion of the anniversary of the Independence of the Republic of Cyprus, in which he reaffirms the "constancy" of the Russian policy in support of efforts by the leadership of the Republic of Cyprus to achieve a  solution.

3. US President assures of continuous support in Cyprus` peace effort

US President Donald Trump has assured that Washington continues to support the Republic of Cyprus in its efforts to reunify the island as a bizonal, bicommunal federation, and describes Cyprus as “an important partner.” The President of the Republic Nicos Anastasiades received a congratulatory message from President Donald Trump on the occasion of tomorrow’s anniversary of the Independence of the Republic of Cyprus.

4. Pavlopoulos says Greece will not accept faits accomplis in Cyprus

President of the Hellenic Republic Prokopis Pavlopoulos has sent a congratulatory message to President of the Republic of Cyprus Nicos Anastasiades on tomorrow`s anniversary of Cyprus` Independence Day, in which he stresses that Greece will continue  to assist Cyprus to end the Turkish occupation of the island and achieve a comprehensive, viable and just settlement of the Cyprus problem.

5. Paraguay stresses the importance of contributing to peace through UNFICYP

Foreign Minister of Paraguay Eladio Loizaga has reaffirmed the country`s support for a settlement to the Cyprus problem and referred to the importance of contributing to peace through the participation in the UN Peacekeeping Force in Cyprus, UNFICYP. Loizaga held a meeting this week with Ambassador of the Republic of Cyprus to the Republic of Paraguay (resident in Brasilia), Haralambos Kafkarides, who presented his credentials to President Horacio Cartes.

6. EU Commission and ECB outline the conditions for sustainable growth in Cyprus

The European Commission and the European Central Bank called on Cyprus to renew the reform effort, continue fiscal discipline and accelerate the reduction of the high stock of non-performing loans in a bid to sustain economic growth. In a press release issued following the end of the third post-programme review, the EC and the ECB acknowledged that economic growth exceeded the expectations, facilitating better than expected fiscal surpluses for the public sector.

7. EIB President to visit Cyprus to sign a new loan for the Cyprus Institute of Neurology

President of the European Investment Bank will pay an official visit to Cyprus on Monday, 2nd October, to sign a new guarantee agreement up to €26 million for the expansion of the Cyprus Institute of Neurology and Genetics (CING). According to a press release issued by the Ministry of Finance, the project provides for the construction and operation of a new building that would host research and development (R&D) projects and new research groups aiming at applied medicine and biomedicine.

8. Revenue from tourism records new record in January – July 2017

Revenue from tourism for the period of January – July 2017 broke a new record reaching €1.42 billion, marking an increase 15.2% compared with 1.23 billion in the respective period of 2017. According to the Cyprus Statistical Service (Cystat) tourist revenue in July amounted to €427.2 million up by 5.8% compared with July of 2016 when revenue amounted to €402 million.

9. Our aim is to bring LNG to Cyprus by 2020, Energy Ministry Permanent Secretary says

The government aims to bring LNG to Cyprus by 2020 for cheaper and cleaner energy, the Permanent Secretary of the Ministry of Energy Stelios Himonas has said, speaking at a press conference today in Limassol, ahead of a conference under the title "Liquefied Natural Gas: A Meeting Point for Shipping, Transport and Energy in Cyprus ".

10. Hellenic Bank posts €22,9 million losses due to elevated provisions

Hellenic Bank, Cyprus` second biggest commercial Bank, announced on Friday a loss after tax of €13 million for the second quarter and a total loss of €22,9 million for the first half of 2017, due to the elevated provisions to cover the high amount of its Non Performing Exposures (NPE). Meanwhile, the Cyprus Cooperate Bank posted €8 million loss in first half of 2017.CNA