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Vavla Village                                                     Photo © CyprusExpat.co.uk

03 November 2017

1. Regling praises Cyprus’ remarkable fiscal performance, noting that banks are still weak

European Stability Mechanism chief, Klaus Regling, has praised Cyprus’ fiscal turnaround following its exit from the economic adjustment programme, noting however that things are not so rosy in the banking sector. After completing its three-year economic adjustment programme that featured a controversial bail in to recapitalise its largest bank, Cyprus posted robust GDP growth rates which were among the highest in the euro area.

2. Reaching a solution will continue to be my foremost goal, President says

Cyprus President Nicos Anastasiades has assured that reaching a solution which will lead to a modern state of peaceful coexistence and prosperity for all will continue to be his foremost goal. Addressing the launch of Elias Pandelides’ book “Laconic tales” and referring to the efforts to reunify Cyprus which has been divided since Turkey invaded and occupied its northern third, President Anastasiades said that the effort has not been completed but expressed his conviction that “after the elections we will have a new opportunity once more to pick up where we left off and complete the effort of ridding our country from occupation.”

3. Anastasiades` visit to Paris is important, bilateral ties are very close and strong, French Ambassador tells CNA

The Ambassador of France to Cyprus  René Troccaz has described the forthcoming visit which Cyprus President Nicos Anastasiades will pay to Paris as important, noting that the Republic of France and the Republic of Cyprus have a very close and strong relationship both at the bilateral level but also as EU member states. Troccaz has told CNA, in view of Anastasiades` working visit to France and the meeting he will have on Monday, November 6, with the President of France Emmanuel Macron that the two Presidents will discuss, among other matters, the Cyprus problem, bilateral relations, regional issues and EU affairs, stressing that "Cyprus is our ally and an EU partner".

4. House Presidents of Cyprus, Greece, and Israel point out the need for cooperation for peace

The necessity for peace and stability, and cooperation as a tool to reach this goal, were pointed out by the heads of parliament of Cyprus, Greece, and Israel, who began their 2nd tripartite meeting on Thursday in Nicosia.  President of the House of Representatives Demetris Syllouris, welcoming President of the Hellenic Parliament Nikolaos Voutsis and Speaker of the Knesset Yuli Yoel Edelstein, said the tripartite cooperation of Cyprus and Greece with Israel, as well as Egypt, Jordan, and Lebanon, assumes an exceptional geopolitical and geostrategic importance, noting that energy, as a significant field of cooperation, should act as an instrument for peace and stability.

5. Relations with Cyprus not dependent on anything else, Israeli House President says

The relations between Israel and Cyprus are not dependent on Israeli-Turkish relations nor anything else and are close and the front line of the Israeli policy, Yuli - Yoel Edelstein, President of the Parliament of Israel (Knesset), assured. Edelstein, who is paying Cyprus an official visit met on Tuesday with the President of the Cyprus Parliament Dimitris Syllouris. On Wednesday, President Anastasiades met at the Prfesidential Palace with Edelstein. President Anastasiades informed Edelstein over the latest developments concerning a Cyprus settlement, while they also discussed the range of excellent relations and cooperation..

6. President cautiously optimistic over new round of drilling in 2018

President Anastasiades appeared cautiously optimistic in view of the new round of exploratory drillings to be carried out in the Republic`s Exclusive Economic Zone (EEZ). In 2018, Exxon Mobil and Qatar Petroleum are planning to carry out two exploratory drills in the second half of the year while Italy’s ENI is planning to proceed with drills in offshore blocks 6,8 and 3.Energy Minister Yiorgos Lakkotrypis said that there are no easy solutions if we wish for our country to be an energy hub and to exploit its natural wealth.

7. UN team arrives to Cyprus to conduct UNFICYP strategic review

A team from United Nations headquarters will visit Cyprus from 2 to 7 November to conduct a strategic review of the United Nations Peacekeeping Force in Cyprus (UNFICYP), as mandated by the Security Council in its resolution 2369 (2017), an UNFICYP press release issued on Wednesday said. The team will conduct a rigorous evidence-based assessment of the impact of UNFICYP activities, in order to develop recommendations on how the Mission can be optimally configured to implement its existing mandate.

8. Bad cheques under €100,000 in October for 7th time since 2003

The value of bad cheques fell below €100,000 for the seventh time since 2003, when records started been kept, in October, data released by the Central Bank of Cyprus, on Wednesday, show. For the first ten months of 2017 the value of bad cheques comes to €2,033,820. At the same time, only 14 legal and natural persons were recorded in the Central Bank`s Central Information Registry (CIR) in October, a number which constitutes the third smallest since 2003.

9. Industrial employment reaches three year high in 2016

Employment in the broad industrial sector in 2016 reached a three year high recording an increase of 4.2% compared to 2015, a Cyprus Statistical Service provisional estimate released on Wednesday shows. Employment in the broad industrial sector in 2016 increased by 4.2% to 33.4 thousand compared to 32.1 thousand in 2015. In manufacturing employment reached 29.2 thousand, in mining and quarrying 0.4 thousand, in electricity supply 2.1 thousand and in water supply, sewerage and waste management 1.7 thousand people.
 
10. Government aspires to be responsive to the needs of both labour market and workforce

Labour, Welfare and Social Insurance Minister Zeta Emilianidou said on Wednesday that the government it developing its education and training programmes it seeks to be responsive to the needs of both the labour market and the workforce. In address at the 39th CIM Graduation Ceremony, which was delivered by Director of the Department of Labour Relations Marina Ioannou, the Cypriot Minister noted that “the enhancement of employability is one of our main priorities at the ministry”, adding that “it is through education and training that we strive to implement it.”CNA

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