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Cyprus News Agency: News in English, 09-03-19

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] PRESIDENT EUROPEAN COUNCIL
  • [02] ACTING PRESIDENT TURKEY EU
  • [03] GOVERNMENT INVESTMENTS
  • [04] CYPRUS REAL ESTATE - SURVEY

  • [01] PRESIDENT EUROPEAN COUNCIL

    The European Council begins Thursday in Brussels with the participation of President of the Republic of Cyprus Demetris Christofias, who arrives in the Belgian capital from Athens.

    According to the Council programme, the members of the Council and their delegations will begin arriving at the Justus Lipsius building at 1530 local time (1430 GMT) , where they will be welcomed by the President of the European Council and the Czech Minister of Foreign Affairs.

    At 1600 a meeting will be held with the President of the European Parliament, followed by a family photo and at 1700 by a press conference by the President of the European Parliament.

    The Council`s first working session will begin at 1645 local time, followed by working dinners and presidency and national briefings.

    The summit is preceded by a social summit for growth and employment, between the EU presidency, Sweden, Spain, the Commission and the social partners.

    On Friday, the heads of state and government of the EU member states will begin arriving at the Justus Lipsius building at 0930 local time and will begin their second working session at 1000, followed by presidency and national briefings.

    [02] ACTING PRESIDENT TURKEY EU

    Acting President of the Republic of Cyprus and House President Marios Garoyian has warned that if Turkey does not fulfill its EU obligations, it should not expect Cyprus to continue being supportive towards Ankara`s EU accession negotiations.

    Garoyian, who met Thursday the heads of the EU diplomatic missions in Nicosia, informed the Ambassadors on Cyprus` positions regarding Turkeys European course, saying that Ankara has undertaken some obligations, which unfortunately since 2004 has not fulfilled.

    The Turkish side, he went on to say, cannot ignore nor can it violate its own signature.

    The Republic of Cyprus, Garoyian added, backed in 2004 the commencement of the EU Turkey accession negotiations, under the condition that Ankara behaves as a modern European state, through respect of human rights and EU principles and values and normalising its relations with the Republic.

    [03] GOVERNMENT INVESTMENTS

    The government is working very hard in a coordinated manner to attract foreign investment to Cyprus, in a difficult international environment, Government Spokesman Stephanos Stephanou has said.

    Stephanou noted this is President of the Republic Demetris Christofias pre-election commitment which becomes more imperative, considering what is going on in the world as a result of the international financial crisis.

    I dont think there is anybody in Cyprus saying that we dont want foreign investment, especially now that everyone is running after foreign investment due to the international financial crisis, he added.

    To this end, he continued, the government is having contacts with various countries such as Qatar, Iran and Russia, which the President visited in November last year, as well as other countries, so as to create a favorable investment environment which is needed.

    [04] CYPRUS REAL ESTATE - SURVEY

    Cyprus is the only European market to resist the international downswing of the commercial real estate market, according to the latest survey from RICS (Royal Institution of Chartered Surveyors), «Global Commercial Property Survey Q4 2008», released here on Thursday.

    As European commercial real estate market plunged into recession with the sharpest falls registered in Ireland, Slovakia and Scandinavian countries, Cyprus real estate commercial market was able to escape the worsening economic climate, during the fourth quarter of 2008.

    It is the first time in the surveys history that capital values plummeted across so many markets.


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