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Cyprus News Agency: News in English, 08-01-29

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From: The Cyprus News Agency at <>


  • [01] CYPRUS - EURO - POUND

  • [01] CYPRUS - EURO - POUND

    Cypriot Minister of Finance Michalis Sarris has said that just a few days before the Cyprus pound is fully withdrawn from circulation, the euro has become almost the exclusive currency used on the island, noting that transactions in euro account for 95% of the total.

    ``Initial indications -that is, those we saw in the first eight days-have been confirmed. Just a couple of days before double circulation ends, the euro is almost the exclusive currency of Cyprus, for consumers and businesspeople, especially in the large towns, but even in distant areas,`` he pointed out.

    Replying to questions, Sarris said in general citizens have become accustomed to the euro. The use of the new currency has reached ``envious levels in absolute numbers and compared to the experience of other countries that adopted the euro,`` he added.

    He said there has been a very significant withdrawal of the Cyprus pound to an extent that it would be difficult to find the outgoing currency.

    Regarding economic growth rate for 2008, Sarris said it would be very close to 4%. ``I believe the performance of 2007 was truly impressive and the predictions we made for 2008 were based on smoother growth rates,`` he noted.

    Cyprus, a member of the EU since 2004, joined the Eurozone on 1 January 2008.


    Ukraine`s new Ambassador to Cyprus Oleksandr Desianuk has assured Cypriot House of Representatives President Demetris Christofias of his country`s continuous support to the struggle of the people of Cyprus for a just, viable and agreed settlement of the Cyprus problem.

    According to an official press release, Desianuk also referred to the traditionally friendly relations between Ukraine and Cyprus.

    Christofias expressed his appreciation for Ukraine`s constant stance of principle on the Cyprus problem. He noted the common positions and principles of the two countries, concerning the establishment and safeguarding of peace and security in Europe and the world.


    Cypriot yachting athlete Charis Papadopoulos of the Famagusta Nautical Association is the eleventh Cypriot athlete to secure a place in the Beijing Olympics and the fourth in the Cypriot yachting team.

    The Cyprus Yachting Federation has announced that Papadopoulos qualified for the Beijing Olympics at the Finn Gold Cup in Victoria, Australia, where he managed to clinch his entry one day before the event was concluded. According to the press release, the Cypriot Yachting Federation is the only one to have secured the maximum of four athletes with four qualifications.

    Furthermore, swimmer Anna Stylianou has also qualified for the Beijing Olympics, bringing the total of athletes in the Cypriot Olympic team to twelve. Stylianou secured the qualification limit in the 200m freestyle swimming during the Greek Winter Championship in Athens and is the first Cypriot swimmer to qualify for the Beijing Olympics.

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