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Cyprus News Agency: News in English, 11-12-19

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

From: The Cyprus News Agency at <>


  • [01] CBC revises downwards Cyprus growth calling for measures


  • [02] Defence Minister meets his German counterpart

  • [01] CBC revises downwards Cyprus growth calling for measures implementation

    The Central Bank of Cyprus has revised downwards its projections regarding the growth rate of the Cypriot economy, forecasting a marginal growth of GDP by 0.3% in 2011 and zero growth in 2012 due to the negative financial environment.

    The CBC stresses that Cyprus could reach the target for a 2.8% public deficit only if the measures included in the state budget for 2012, which the House of Representatives approved on December 16 and supplementary measures also approved by the House on December 14, are implemented immediately and fully.

    In its December 2011 Economic Bulletin, issued Monday, the CBC suggests that Cyprus exclusion from the international financing markets in the last six months, as well as the recent warning by the European Commission on the consolidation and correction of public finances leaves no room for further delay in implementing what has been voted for.

    [02] Defence Minister meets his German counterpart

    Cyprus supports in every way peace efforts of United Nations Interim Force in Lebanon (UNIFIL), contributing to the prevalence of peace, normality and stability in the Eastern Mediterranean, Defence Minister Demetris Eliades said after a meeting with his German counterpart Thomas Kossendey aboard a German UNIFIL ship that has docked at Limassol port.

    In statements at CNA, Defence Minister said that they had an interesting discussion on issues of defence cooperation between the two states, in the framework of the excellent relations, which exist between Germany and Cyprus.

    They also discussed issues regarding the EU Common Defence and Security Policy, noting that they share the same views. He added that they also exchanged views regarding developments in the Eastern Mediterranean and the Middle East.

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