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Cyprus News Agency: News in English, 09-05-19

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

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


CONTENTS

  • [01] FOREIGN MINISTER - CYPRUS TALKS
  • [02] MPB - GREECE - TRANSFER

  • [01] FOREIGN MINISTER - CYPRUS TALKS

    Cypriot Minister of Foreign Affairs Marcos Kyprianou has said that direct talks between the leaders of the two communities in Cyprus to solve the island`s political problem is a Cypriot process but pointed out that Turkey has an important role to play in the outcome of the negotiations.

    Speaking at the Royal Institute of International Relations in London, Kyprianou said Turkey is not a mere observer but part of the problem and must thus be part of its solution.

    He noted the importance of Ankara`s support to the process of the talks in practice, towards achieving a bicommunal bizonal federation with a single sovereignty, a single citizenship and a single international identity.

    Kyprianou said Turkey must also cooperate for the equal status of the two communities, as set out in UN Security Council resolutions, and not insist on its policy for a confederation of two independent states.

    [02] MPB - GREECE - TRANSFER

    Executive Vice President of Marfin Popular Bank Andreas Vgenopoulos said on Tuesday that the Group would be transferring its headquarters from Cyprus to Greece, due to the ``conservative`` legislative framework in Cyprus.

    He noted that the monitoring framework was not in line with the aims of the Group to become one of the largest banks in the Balkans.

    Vgenopoulos said the tax benefit, which the Group would be losing due to the transfer, would be balanced by the capital to be released. ``The mechanisms and attitudes existing are not appropriate for a financial centre,`` Vgenopoulos added.

    He furthermore assured he had no problems with Governor of the Central Bank of Cyprus Athanasios Orphanides, and assured that Cyprus would remain the focus of his interest and that he would be assuming the presidency of Marfin Popular Bank.


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