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Cyprus News Agency: News in English, 13-09-17
CONTENTS
[01] Ten BoC board members get Central Bank's approval, more info asked
of another six
[02] Cyprus` trade deficit down during first half of 2013
[01] Ten BoC board members get Central Bank's approval, more info asked
of another six
Cyprus Central Bank Governor Panicos Demetriades said on Tuesday that
ten of the new members of the Bank of Cyprus (BoC) Board of Directors
have been approved while another six members have been asked to provide
more information. In an interview with CNA, which will be published on
Friday, Demetriades said that the process is expected to be complete
within the next few days.
At the same time, he asked for public debate on the matter to come to an
end. It would be best for the banking system that any public discussion
on the matter comes to an end, he said.
According to Demetriades, the evaluation process was completed on Monday
and on the basis of legal counsel a letter was sent to BoC containing the
approval of ten members of the Board, adding that there wasn't enough
information on the other members. He rejected criticism on a delay,
noting that the process was completed in less than a week after the AGM
of the bank, as well as that officials worked through the weekend.
[02] Cyprus` trade deficit down during first half of 2013
Cyprus` trade deficit recorded a significant drop during the first half
of 2013, according to Eurostat. Compared to the respective period of
2012 the deficit was down by €700 million.
The total value of Cyprus` exports during January-June 2013 reached
€800 million, recording an increase of 9% compared to the respective
period of 2012. Imports were down by 12%, reaching €2.3 billion from
€2.8 billion. The trade deficit reached €1.5 billion compared to
€2.2 billion during the same period of 2012. Regarding the EU28,
imports from China dropped by 6% reaching €132.8 billion, from Russia
dropped by 3% reaching €103.9 billion, and from the USA dropped by 5%
reaching €98.9 billion.
During the same period, EU exports to China fell by 2% reaching €71.4
billion, to Russia increased by 2% reaching €59.6 billion, and to the
USA dropped by 2% reaching €142.9 billion. The EU trade balance recorded
a surplus of €43.9 billion in transactions with the USA, and with China
and Russia deficits of €61.4 billion and €44.3 billion respectively.
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