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Cyprus PIO: News Update in English, 99-02-03
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From: The Republic of Cyprus Press and Information Office Server at <http://www.pio.gov.cy/>
Wednesday, 3 February 1999
 EU report says Cyprus' economy is well prepared for accessionCyprus is different from the other European Union candidate countries in that its economy is in many ways well prepared for accession and is not an economy in transition, a report issued by the European Commission has said.
Moreover, its GDP per head is significantly higher than the level in Central and Eastern European countries, as well as in Greece and Portugal, and is 75 per cent of the EU average.
The European Commission makes extensive reference to Cyprus in its sixth report on the socio-economic situation and developments in regions of the European Union, in which it also refers to EU candidate countries.
The report says that Cyprus is a market economy dominated by services, with conditions of near full employment, although correspondingly productivity is also low.
 UN Security Council will continue to follow the Cyprus problemThe UN Security Council will continue to actively follow the Cyprus question until progress in the negotiations between the two sides is achieved.
This was stated by Canada's Acting Permanent Representative to the United Nations, Ambassador Michel Duval, on the occasion of Canada taking over the Presidency of the Security Council.
He also expressed disappointment at the long-standing deadlock in the Cyprus problem.
From the Republic of Cyprus Press and Information Office (PIO) Server at http://www.pio.gov.cy/