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Cyprus News Agency: News in English, 12-02-09

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

From: The Cyprus News Agency at <>


  • [01] Leaders to meet after Greentree 2
  • [02] Under- Secretary-General for Peacekeeping Operations on UNFICYP
  • [03] VAT to increase from 15% to 17%

  • [01] Leaders to meet after Greentree 2

    The leaders of the two communities in Cyprus will be meeting on February 14, in the UN protected area of Nicosia, in the context of direct talks to solve the Cyprus problem.

    It will be their first meeting after a meeting in New York in late January with the UN Secretary General.

    Cyprus has been divided since 1974, when Turkey invaded and occupied its northern third. UN-led talks are currently underway with an aim to reunify the island.

    [02] Under- Secretary-General for Peacekeeping Operations on UNFICYP

    UNFICYP`s role in preventing flaring up violence was pointed out by Herve Ladsous, Under-Secretary General for Peacekeeping Operations.

    Speaking during a press conference and asked whether there is a plan in case of a political settlement in Cyprus or whether the UN have made any other plans in case a solution is not reached, French UN official referred to the Greentree meeting and its outcome.

    ``As you know the latest Greentree meeting arrange, did not engineer or bring about the important developments that somewhat we were hoping for``, he underlined.

    He added that ``UNFICYP clearly is one of these peacekeeping operations where a job is done, a job is being done in terms of preventing flaring up violence or incidents and this takes place on a daily basis``.

    ``So this is a matter of keeping violence at the lowest possible level while political processes are underway but it`s a long term effort``, he stressed.

    [03] VAT to increase from 15% to 17%

    Value Added Tax will increase from 15% to 17% on March 1 this year, the Ministry of Finance reiterated today, to remind consumers of the 2% rise on the standard VAT rate.

    In an announcement issued here today, VAT Service notes that the increase does not affect the products and services that fall under the reduced VAT rates of 5% or 8% or zero VAT rate, according to the VAT legislation.

    It says that taxable persons affected by the change of the standard VAT rate must on the eve of the VAT increase - go through a stock-taking of their business which includes a quantitative measurement and assessment.

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