Back to overview

Cyprus News

Bookmark and Share

Vavla Village                                                          Photo ©

01 November 2017

1. President sees new initiative in Cyprus talks after the elections

Cyprus President Nicos Anastasiades has said that he expects a new initiative in the Cyprus reunification process to take place after the presidential elections in early 2018. Replying on Tuesday to journalists, he said that from the content of certain statements made by Turkish Cypriot leader Mustafa Akinci, he can foresee that after the elections a new initiative will take place in the Cyprus talks, which is something he also believes. Speaking on another occasion, the President also said that he favors preparation before another Conference on Cyprus.

2. Government pledges support to enclaved Greek Cypriots and Maronites

The government will continue to support enclaved Greek Cypriots and Maronites, President of the Republic Nicos Anastasiades said on Monday, addressing a special event on the Greek Gymnasium in Rizokarpaso. Commissioner for Humanitarian Affairs, Fotis Fotiou told earlier on Monday that the Turkish Cypriot regime adds more goods on the "taxable" list for the enclaved. Foreign Minister Ioannis Kasoulides clarified on Tuesday that a recent amendment to the 2018 EU budget, proposed by MEP Boge, refers to the possible resettlement of all enclaved persons.

3. Energy Minister: Four to five drillings expected in Cyprus` EEZ

Four to five drillings are expected to take place in Cyprus` Exclusive Economic Zone (EEZ) in the next twelve months and by the end of 2018 there will be a clear picture of the island`s hydrocarbon resources and therefore decisions can be made about the exploitation steps, Energy Minister Yiorgos Lakkotrypis has said. He was speaking on Monday before the House Finance Committee which discussed the budget of his Ministry.

4. Cyprus gains recognition as an attractive fund domicile, Minister of Finance says

Cyprus is gaining recognition as an attractive fund domicile with a potential for further significant growth, Minister of Finance Harris Georgiades said on Monday, addressing the 3rd International Funds Summit in Limassol. He referred to the country’s improved fiscal situation and tax certainty, which he noted are enabling Cyprus “to make strides as a modern and attractive investment fund jurisdiction”.

5. Daesh defeat is highly probable, Cyprus FM says

The terrorists of Daesh face geographical pressure and the military defeat of this organization is highly probable, Cypriot Foreign Minister, Ioannis Kasoulidis, said on Monday, addressing the Second International Conference on "Religious and Cultural Pluralism and Peaceful Coexistence in the Middle East", in Athens.

6. Deputy Permanent Representative to UN speaks about Cyprus settlement

The desirable solution in Cyprus can only be achieved by ending the current unacceptable status quo and establishing a federal state in line with the relevant UNSC resolutions, free from foreign interventions and dependencies, Cyprus` Deputy Permanent Representative to the UN, Meneleaos Menelaou has said. He was speaking on Monday before the Third Committee of the General Assembly of the UN.

7. Communications Minister pledges to improve Cyprus` digital ranking

The Digital Economy and Society Index (DESI) 2017 has ranked Cyprus 22nd among the 28 European countries in the use of digital media, with the country`s Minister of Transport, Communications and Works Marios Demetriades pledging to change this. He added that his Ministry promotes actions that encourage the general public to take advantage of existing opportunities.

8. CBC and commercial banks support the creation of a “bad bank” in Cyprus

The Central Bank of Cyprus Governor and top officials from the island’s major commercial banks said they support the creation of an asset management company (AMC), or a “bad bank” that would assist the banks to reduce their massive non-performing loans, which amount to €21.9 billion. “I support this proposal,” said CBC Governor Chrystalla Georghadji on Monday.

9. President Anastasiades bestows Medal for outstanding contribution on MEP Boge

After 43 years of division, Cyprus needs more than ever work that builds trust and bridges between Cypriots – Greek Cypriots, Turkish Cypriots, Maronites, Armenians and Latins – rather than actions that entrench mistrust and solidify division, President Nicos Anastasiades has said. The President bestowed on Tuesday the “Medal for Exceptional Service” upon the German MEP Reimer Boge for his outstanding contribution to the issues of missing persons in Cyprus and the preservation of the island`s cultural heritage.

10. Cyprus` unemployment rate at 10.3% in September 2017

Cyprus` seasonally-adjusted unemployment rate was 10.3% in September 2017, down from 10.6% in August 2017 and from 13% in September 2016, figures published by Eurostat, the statistical office of the European Union, indicate. Eurostat estimates that 44,000 men and women were unemployed in September 2017 in Cyprus, down from 45,000 in August 2017. This was the largest annual decrease in the EU.CNA