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Cyprus News Agency: News in English, 12-12-06

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

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


CONTENTS

  • [01] London hosts photo exhibition on Turkish occupied Morphou
  • [02] Current developments in the energy sector at Cyprus Energy Forum
  • [03] Cyprus-Iceland-Lichtenstein-Norway sign two agreements
  • [04] Amount for recapitalisation of banks to be announced by Saturday
  • [05] EU Council of Ministers approves 2013 EU budget and DA budget 2012
  • [06] European Space Agency's Head of Space Weather Segment - Interview

    with CNA


  • [01] London hosts photo exhibition on Turkish occupied Morphou

    Westminster Palace, home of both Houses of Parliament, has hosted a photography exhibition entitled ‘Morphou: The pillage and destruction of age-long heritage'.

    The event was organised by the Municipality of Morphou, the National Federation of Cypriots UK, the Morphou Area Organisation and the Friends of Barnet Morphou (the London council twinned with Morphou).

    The photographs reveal the extent of the pillage and destruction of Morphou's cultural heritage by the Turkish occupying force, a heritage that was described as "part of the European heritage" as well.

    The mayor of the Turkish occupied town of Morphou, Charalambos Pittas has told CNA that "these photographs depict the current situation of the churches and archaeological monuments of Morphou and they constitute a result and a proof of the effort to turn Morphou to a Turkish area, an area though that is deep rooted in Hellenism."

    [02] Current developments in the energy sector at Cyprus Energy Forum

    Current developments in the energy sector and the prospects from the exploitation of natural gas within Cyprus' Exclusive Economic Zone (EEZ) as well as future cooperation with Israel were the focus of the 2nd Cyprus Energy Forum which took place, on Thursday, in Nicosia.

    Addressing the forum, Cyprus Energy Service Director Solon Kassinis said the Eastern Mediterranean region may play a decisive role in the supply of energy to Europe, adding that it is estimated that there are approximately 60 tcf of natural gas of a value of 300 - 600 billion euro within Cyprus' EEZ.

    He expressed optimism that reserves within block 12 will prove to be much greater than current forecasts, adding that the next drilling is expected to take place within the 1st quarter of 2013 at a depth of 5,950 meters from sea surface.

    [03] Cyprus-Iceland-Lichtenstein-Norway sign two agreements

    Two Grant Agreements were signed on Wednesday between the Republic of Cyprus and Iceland, Lichtenstein and Norway, one concerning the inter-sectoral programme financed by the Grants of the European Economic Area (EEA) and one concerning the inter-sectoral programme financed by the Grants of Norway.

    According to an official press release issued here Thursday, the Planning Bureau will operate the two programmes that will include eight projects. Three of the projects will be financed by the EEA grants with €2,163,500, while five projects will be financed by the grants of Norway with €3,445,000.

    The projects will be implemented by state institutions as well as by Non Governmental Organizations. Most of the projects have a bi-communal dimension, encouraging cooperation and dialogue between the two communities in Cyprus.

    [04] Amount for recapitalisation of banks to be announced by Saturday

    Pimco's interim report, which will determine the amount deemed necessary for the recapitaliation of Cyprus` banking sector, will be communicated to Cyprus on Friday evening from the United States.

    CNA has learned, however, that this amount would be made public by Saturday at noon, and it is not yet clear if Pimco will be making the announcement.

    Pimco`s interim report will be sent to the ten-member Steering Committee, which has been set up to follow the study being carried out by California-based Pimco.

    [05] EU Council of Ministers approves 2013 EU budget and DA budget 2012

    The Council of Ministers has approved the agreement with the European Parliament on the 2013 EU budget and draft amending budget no 6 for 2012. It herewith confirmed the deal reached between the Cyprus EU Presidency, representatives of the European Parliament and of the Commission at a trilogue on 29 November.

    The agreement provides for additional resources within the 2012 EU budget in order to address a shortfall of payments and puts the spending priorities within the 2013 EU budget on measures enhancing growth and jobs while taking account of member states` consolidation efforts.

    [06] European Space Agency's Head of Space Weather Segment - Interview with CNA

    Space weather can cause delayed take offs, disturbances in satellite telecommunication, navigation applications, even applications using the magnetic field, such as oil drilling.

    In an interview with CNA, Head of the Space Weather Segment in the European Space Agency Space Situational Awareness Programme, Juha Pekka Luntama, talked about space weather, saying that even some birds using their internal "compass" for navigation can be temporarily confused by geomagnetic storms.

    The ESA official said that space weather will not cause the end of the world in December this year or even in the future, dismissing rumours that the end of the world is approaching in December due to the increased solar activity and the Maya calendar.


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