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Cyprus News Agency: News in English, 09-05-28

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

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


CONTENTS

  • [01] FINANCE MINISTER - CYPRUS - ECONOMIC CRISIS
  • [02] H1N1 SUSPECTED CASE RESULTS

  • [01] FINANCE MINISTER - CYPRUS - ECONOMIC CRISIS

    The Cypriot economy copes relatively well with the current financial crisis and the economic recession, despite an unavoidable deceleration in its rate of growth, resulting from the particularly adverse external environment, Minister of Finance Charilaos Stavrakis has said here on Thursday.

    Speaking during a dinner hosted to the participants of the informal Economic and Financial Committee meeting (EFC), Stavrakis said that ``our financial sector remains sound, with a strong liquidity position and a comfortable capital adequacy as well as sufficient profitability``.

    ``The Cypriot economy is growing at a rate of growth, which we expect to be of 1% for 2009, under conditions of near full employment and price stability``, he noted.

    He added that the public finances will inevitably show deterioration this year, being negatively affected by the slowdown of the economy, as well as the changed composition of growth.

    ``A deficit of around 2-2.5% is expected. In this respect, I want to stress that our fiscal policy will remain prudent. Indicative, I believe of the sound fundamentals of the Cypriot economy, has been the response of European investors to our Euro bond issue yesterday. The issue was oversubscribed by over 450%, at a relatively favourable cost``, he said.

    [02] H1N1 SUSPECTED CASE RESULTS

    The official results from the Pasteur Institute in Greece for the suspected case of influenza A 9 (H1N1) in Cyprus will be in the hands of Cyprus Health Ministry on Thursday evening or Friday morning

    The Ministry of Health has announced that the first indication of the tests performed in laboratories of Cyprus is negative.

    In a statement, Health Minister Christos Patsalides said that the first indication is negative, adding that they will be waiting for the final result.

    Head of the Committee for handling issues concerning H1N1 flu Chrystalla Hadjianastasiou said that the health condition of the female student who is under observation at Limassol General Hospital after displaying flu symptoms is quite good and the case is under investigation. The student arrived this week to Cyprus from Edinburgh where she is studying.


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