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Cyprus News Agency: News in English, 12-04-28

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

From: The Cyprus News Agency at <>


  • [01] Spokesman: No changes in the negotiating process
  • [02] President appoints new Central Bank Governor

  • [01] Spokesman: No changes in the negotiating process

    The prospects of having an international conference on the Cyprus problem are not favourable, Government Spokesman Stephanos Stephanou said here on Saturday, adding that the issue of changing the UN-led current process of negotiations, aiming at a settlement of the Cyprus problem, has not been brought up either by the UN Secretary General Ban Ki moon or his Special Adviser on Cyprus Alexander Downer, during a meeting the latter had on Friday with Cyprus President Demetris Christofias.

    Stephanou said it was obvious that the problems which remain to be solved are not the result of the process which is followed or of the agreed basis for a settlement, but of the Turkish side`s position.

    He called on the Turkish side to abandon its delaying tactics and cooperate with the Greek Cypriot side, on the basis of UN resolutions, with a view to have progress on the Cyprus problem and be able to achieve a settlement.

    Stephanou also said that President Christofias has assured UN Secretary General of his readiness to continue to negotiate during the period in which Cyprus will hold the EU rotating Presidency, at the second half of 2012, in consistence to the agreed basis for achieving a solution providing for a bizonal, bicommunal federation with political equality, as provide by the UN relevant resolutions and in the framework of the process agreed.

    The Spokesman noted that there are many difficulties and problems in the negotiations for a Cyprus settlement due to the negative and delaying tactics of the Turkish side.

    He recalled that the process provides for a mutually agreed settlement that will be a result of negotiations between the two sides, under the UN auspices, without arbitration and blackmailing dilemmas

    [02] President appoints new Central Bank Governor

    Professor of financial economics at the University of Leicester in Britain Panikos Demetriades is the new Governor of the Central Bank of Cyprus.

    Government Spokesman Stephanos Stephanou announced on Saturday that President of the Republic Demetris Christofias has appointed Demetriades at the position of the Government of the Central Bank for a five year term as of May 3.

    Panicos Demetriades, a professor of financial economics at the University of Leicester in Britain, will succeed Athanasios Orphanides, whose five-year term leading the central bank ends on May 2.

    He will also represent Cyprus on the ECB`s policymaking Governing Council.

    Professor Demetriades holds a BA and an MA in Economics from the University of Essex and a PhD from the University of Cambridge. His dissertation titled "Essays on the costs of inflation" was awarded the Stevenson Prize in Economics, in 1985.

    From 1985 until 1990 Demetriades served as an Officer at the Central Bank of Cyprus.

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