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Cyprus PIO: News Update in English, 01-09-17

Cyprus Press and Information Office: News Updates in English Directory - Previous Article - Next Article

From: The Republic of Cyprus Press and Information Office Server at <http://www.pio.gov.cy/>

Monday, 17 September 2001


CONTENTS

  • [01] Cyprus will consider its contribution to an operation against terrorism
  • [02] Cyprus' High Commissioner in Malta briefed the country's Prime Minister on the Cyprus problem
  • [03] Seminar on the "Transition from Analog to Digital" system
  • [04] Monetary Policy decisions


[01] Cyprus will consider its contribution to an operation against terrorism

The Minister of Defence, Mr Socrates Hasikos, replying to a question by the press, on 14 September 2001, concerning the island/s assistance to the common efforts made by the West in combatting terrorrism, stated the following: "Cyprus is not a NATO member and consequently has no commitment in participating in this potential operation. However, Cyprus, a candidate state for accession to the EU, has made its own contribution to the European Defence Force which comprises mainly of providing facilities to military forces which would launch operations in the broader region, like, for example, facilities in terms of airports, ports, radars, research and rescue, etc. When the EU decides to contribute to this NATO effort and requests us to dispose of these facilities then the Government of the Republic of Cyprus will look into the matter in all seriousness and take its decisions accordingly".

[02] Cyprus' High Commissioner in Malta briefed the country's Prime Minister on the Cyprus problem

Cyprus' High Commisssioner to Malta, Mr Alexandros Zenon, briefed, on 14 September 2001, the country/s Prime Minister, Dr Eddie Fenech Adami, on the recent developments concerning the Cyprus problem and in particular on the Turkish Cypriot leader/s refusal to accept the invitation conveyed to him by the UN Secretary General for the continuation of the talks.

The two men exchanged ideas about the strengthening of the ties between the two islands with regard to their accession course to the EU and of their bilateral relations. They also discussed issues comcerning the forthcoming Summit of the Commonwealth Country Leaders which will take place next month in Australia.

[03] Seminar on the "Transition from Analog to Digital" system

A two-day seminar on the "Transition from Analog to Digital" system, organised by the European Audiovisual Organization "Eureka" in cooperation with Cyprus/ Press and Information Office was completed on 14 September 2001 in Limassol, with the participation of Cypriot and foreign experts in the field of broadcasting.

Among the issues which were discussed was the arrival of satellite and cable broadcasting, the UK experience in the area of digital TV broadcasting, the European legal framework and the technical, financial and marketingstrategies for the application of digital technology in the audiovisual sector.

[04] Monetary Policy decisions

The Administrative Council of the Central Bank of Cyprus decided, on 14 September 2001, to keep its basic interests, Lombard and Deposit facility, unaltered at 6,5 per cent and 3,5 per cent respectively. The reference pricefor the annual rate of increase of the banking credits for the year 2001 remains at 11 per cent.

The Council noted that the economy's progress continued at satisfactory levels, whilst the market continued to enjoy conditions of full employment. Moreover, the inflation rate has been adjusted to 1,8 per cent for the first eight months of the year 2001.

The Council also stated that it follows closely the latest developments in the United States and in the international markets, expressing its willingness to intervene should the need arise with the necessary measures.


From the Republic of Cyprus Press and Information Office (PIO) Server at http://www.pio.gov.cy/


Cyprus Press and Information Office: News Updates in English Directory - Previous Article - Next Article
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