Category Archives: Cyprus

Press Releases & News from Cyprus distributed via EuropaWire

EU Council: extra time given to member states to pay exceptionally high additional contributions to the EU budget

Brussels, 19-12-2014 — /EuropaWire/ — Member states that have to pay exceptionally high additional contributions to the EU budget as a result of the annual revision of their VAT and GNI data may request to defer their contributions until 1 September of … Read the full press release

Swiss National Bank announced the fourth gold agreement between central banks in Europe

Zurich, 19-5-2014 — /EuropaWire/ — The Swiss National Bank (SNB), the European Central Bank (ECB), the central banks of the euro area (Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, Spain) … Read the full press release

Austria, Cyprus, Germany, Denmark and Poland exceeded their milk quotas for deliveries in 2012/2013

Brussels, Belgium, 01-10-2013 — /EuropaWire/ — Five Member States – Austria, Germany, Denmark, Poland and Cyprus, – exceeded their milk quotas for deliveries in 2012/2013, and must therefore pay penalties (“superlevy”) totalling roughly € 46 million. Despite the overrun of the quotas … Read the full press release

EC launched new project to help preserve Cyprus’s cultural heritage

04-9-2013 — /EuropaWire/ — The European Commission has launched a new project to strengthen the efforts already in place to preserve the island-wide cultural heritage in Cyprus. The EU contribution will amount to €2 million and will support the work of the … Read the full press release

European Investment Bank to provide EUR 100m for key investments in Cyprus

Nicosia, 31-5-2013 — /europawire.eu/ — The European Investment Bank (EIB) is to provide EUR 100 million for key investments in Cyprus. The loan will be used to part-finance investments totalling EUR 1 177 million in areas identified under the National Strategic Reference Framework … Read the full press release

EC moves to help crisis-hit countries getting the most from EU Funds for growth and jobs

Brussels, 22-5-2013 — /europawire.eu/ —  Measures to help crisis-hit countries to use much needed EU funds have been proposed today by the European Commission. The measures would help these Member States to tackle youth unemployment, to support small and medium sized … Read the full press release

Cyprus bailout debate with Olli Rehn & Jorg Asmussen

MEPs dissect Cyprus bailout with Messrs Rehn and Asmussen 13-5-2013 — /europawire.eu/ — The confusion and delay that surrounded decisions on the Cyprus assistance plan were not only due to Cypriot intransigence. Rather, they reveal a need to radically rethink Eurogroup … Read the full press release

ECB: Marketable debt instruments issued or fully guaranteed by Cypriot government again eligible collateral for the purposes of Eurosystem credit operations

Frankfurt am Main, 8-5-2013 — /europawire.eu/ — Marketable debt instruments issued or fully guaranteed by the Republic of Cyprus and fulfilling all other eligibility criteria shall again constitute eligible collateral for the purposes of Eurosystem credit operations, subject to special haircuts. … Read the full press release

EUR 100m EIB loan for key investments in Cyprus

2-5-2013 — /europawire.eu/ — The European Investment Bank approved today a loan of up to EUR 100 million for key investments in Cyprus. The loan will be used for investments in priority areas identified in the National Strategic Reference Framework, which … Read the full press release

Induction programmes for new teachers in the EU are now mandatory in 15 EU Member States

Brussels, 29-4-2013 — /europawire.eu/ — Induction programmes designed to offer personalised support and advice for new teachers are now mandatory in 15 EU Member States (Austria, Cyprus, Estonia, France, Germany, Ireland, Italy, Luxembourg, Malta, Portugal, Romania, Slovakia, Slovenia, Sweden and the UK) … Read the full press release

Olli REHN: Statement on Cyprus in the European Parliament

Olli REHN – Vice-President of the European Commission and member of the Commission responsible for Economic and Monetary Affairs and the Euro European Parliament Strasbourg, 18-4-2013 — /europawire.eu/ — President, Honourable Members, As President Barroso is attending the funeral of Baroness Thatcher … Read the full press release

The Central Bank of Cyprus makes arrangements to improve the repayment ability of loans

17-4-2013 — /europawire.eu/ — The Central Bank of Cyprus (CBC) announces that in order to assist those borrowers who are facing problems in servicing their debt, as a result of the adverse conditions created by the Eurogroup’s decision of 25 … Read the full press release

Independent third party evaluation of the implementation of Cyprus’ Anti Money Laundering framework

17-4-2013 — /europawire.eu/ — As agreed with the International Monetary Fund, the European Commission, and the European Central Bank (“the programme partners”) and following the Eurogroup decisions taken in March 2013, Cyprus has commissioned, on the basis of agreed terms of … Read the full press release

Clarification by the Central Bank of Cyprus (CBC) in response to media reports with regard to a paper by the European Central Bank (ECB)

Paper on the framework for resolution of credit and other institutions 16-4-2013 — /europawire.eu/ — In response to media reports with regard to a paper by the European Central Bank (ECB), in relation to the recovery and resolution of banks, the … Read the full press release

President Barroso replies to the letter he received from President of Cyprus, Nicos Anastasiades, regarding EU funding for Cyprus

Brussels, 16-4-2013 — /europawire.eu/ — Letter from Commission President Barroso to President Anastasiades of Cyprus. “Dear President, Thank you for your letter of 9 April asking for the Commission’s support in finding ways of helping Cyprus at this difficult time of economic … Read the full press release

Statement on Cyprus by Olli Rehn & Christine Lagarde

Brussels, 4-4-2013 — /europawire.eu/ — Statement on Cyprus by Olli Rehn European Commission Vice-President and Christine Lagarde, Managing Director of the International Monetary Fund The Cypriot authorities have put forward a multi-annual reform programme to address the economic challenges facing … Read the full press release

The European Commission comments on the capital controls imposed by the Republic of Cyprus

Brussels, 29-3-2013 — /europawire.eu/ — Statement by the European Commission on the capital controls imposed by the Republic of Cyprus The Commission takes note of temporary restrictions on the free movement of capital, including capital controls, imposed by the Republic of Cyprus … Read the full press release

European Parliament President Martin Schulz on Cyprus: lessons must be learned

25-3-2013 — /europawire.eu/ — European Parliament President Martin Schulz made the following statement on the situation in Cyprus: “I welcome the deal for Cyprus, although the details must be fully examined. It has brought us back from the edge. This agreement … Read the full press release

MEP Sharon Bowles on Cyprus deal: the recognition that banks can fail and that the deposit guarantee principle must be upheld

MEP Sharon Bowles, Chair of the European Parliament’s economic and monetary affairs committee welcomes the agreement on Cyprus, particularly the recognition that banks can fail and that the deposit guarantee principle must be upheld. Sharon Bowles said: I welcome the … Read the full press release

The President of the European Council, Herman Van Rompuy welcomes the agreement reached by the Eurogroup and the Cypriot authorities

25-3-2013 — /europawire.eu/ — President of the European Council, Herman Van Rompuy, made the following statement on Cyprus after the agreement reached by the Eurogroup and the Cypriot authorities on the key elements for a future macroeconomic adjustment programme: “I welcome … Read the full press release

The Eurogroup agrees with the Cypriot authorities on future macroeconomic adjustment programme

25-3-2013 — /europawire.eu/ — The Eurogroup has reached an agreement with the Cypriot authorities on the key elements necessary for a future macroeconomic adjustment programme. This agreement is supported by all euro area Member States as well as the three institutions. … Read the full press release

Vice President Rehn: The European Commission is working hard to facilitate a solution to help Cyprus

Brussels, 25-3-2013 — /europawire.eu/ — We recognise the progress now being made by the Cypriot government towards a solution which can pave the way for an agreement on a financial assistance programme for Cyprus. Intensive work and contacts will continue in the … Read the full press release

Eurogroup President Jeroen Dijsselbloem took responsibility for the rejected Cypriot bailout plan

22-3-2013 — /europawire.eu/ — Eurogroup chief Jeroen Dijsselbloem took responsibility for the rejected Cypriot bailout plan, adding that it was a “joint decision” in the Economic and Monetary Affairs Committee on Thursday. He also told MEPs he doubted that there really … Read the full press release

Statement of Conference of Presidents on Cyprus banking sector

21-3-2013 — /europawire.eu/ — Following the Open Conference of Presidents in the European Parliament on 20 March 2013 on the outcome of the Spring European Council where the issue of the Cyprus banking sector was raised, European Parliament President Martin Schulz … Read the full press release

European Parliament President Martin Schulz: deal on banking union a step forward, insufficient for Cyprus

Rome, 20-3-2013 — /europawire.eu/ — European Parliament President Martin Schulz made the following statement after the European Parliament and the Council reached an agreement on legislation creating the foundations of the banking union. “Today’s agreement is a step towards building … Read the full press release

Statement by Jeroen Dijsselbloem, the Eurogroup President, on Cyprus

The Eurogroup held a teleconference this evening to take stock of the situation in Cyprus  18-3-2013 — /europawire.eu/ — I recall that the political agreement reached on 16 March on the cornerstones of the adjustment programme and the financing envelope for Cyprus … Read the full press release

Mr Michalis SARRIS becomes EIB Governor for the Republic of Cyprus

18-3-2013 — /europawire.eu/ — Following recent presidential elections in the Republic of Cyprus, a new government has been formed and Mr Michalis SARRIS was sworn in as Minister of Finance on 1 March 2013, succeeding Mr Vassos Shiarly. Mr Sarris also … Read the full press release

The European Commission has opened an in-depth investigation into a number of public support measures in favour of Cyprus Airways

Brussels, 6-3-2013 — /europawire.eu/ — The European Commission has opened an in-depth investigation into a number of public support measures in favour of Cyprus Airways. At this stage, the Commission has doubts whether these measures are in line with EU state aid … Read the full press release

Eurogroup statement on Cyprus

5-3-2013 — /europawire.eu/ — The Eurogroup welcomed the new Cypriot Finance Minister, Michalis Sarris, and the information he provided on the situation in Cyprus following the presidential elections and on the policy intentions of the new government. The first exchanges with … Read the full press release

President Barroso on the result of the presidential elections in Cyprus

Brussels, 25-2-2013 — /europawire.eu/ — In my own name and in the name of the European Commission, I warmly congratulate Nikos Anastasiades on his election as the President of Cyprus. The Cypriot people have given Mr. Anastasiades a strong mandate to implement … Read the full press release

EuroparlTV signs 150th partnership with European media platform

7-2-2013 — /europawire.eu/ — EuroparlTV has signed its 150th partnership in Strasbourg today, with the Cyprus News Agency. The partnerships are aimed at informing citizens about the activities of the European Parliament with the aid of reports from EuroparlTV. More partners … Read the full press release

Speech: Review of the Cyprus Presidency – closing statement

Maroš Šefčovič — Vice-President of the Commission EP Plenary debate/Brussels Brussels, 21-1-2013 — /europawire.eu/ — Madam President, I think we would all agree – as was very well testified to in this debate – that 2012 was one of the most difficult years … Read the full press release

Το Ευρωσύστημα παρουσιάζει το τραπεζογραμμάτιο των 5 ευρώ της σειράς «Ευρώπη»

16-1-2013 — /europawire.eu/ — Ο Πρόεδρος της Ευρωπαϊκής Κεντρικής Τράπεζας (ΕΚΤ), κ. Mario Draghi, παρουσίασε σήμερα επισήμως το τραπεζογραμμάτιο των 5 ευρώ της σειράς «Ευρώπη». Η παρουσίαση έγινε με την ευκαιρία των εγκαινίων της έκθεσης «Το νέο πρόσωπο του ευρώ», η … Read the full press release

Statement by President Barroso on the Cyprus Presidency of the Council

José Manuel Durão Barroso – President of the European Commission European Parliament plenary session/Strasbourg Strasbourg, 15-1-2013 — /europawire.eu/ — Mr. President, President Christofias, Honourable members, I want to start by thanking and also congratulating President Christofias, and through him all the … Read the full press release

Debate with President Van Rompuy and assessment of the Cyprus EU presidency at the EESC plenary

14-1-2013 — /europawire.eu/ — The European Economic and Social Committee (EESC) will hold its next plenary session on 16 and 17 January. The session will include an assessment of the Cyprus presidency by Andreas Mavroyiannis, Cypriot Deputy Minister for European Affairs, on … Read the full press release

Speech Vice-President Rehn’s remarks at the Eurgroup Press Conference

Olli REHN — Vice-President of the European Commission and member of the Commission responsible for Economic and Monetary Affairs and the Euro Eurogroup/Brussels, 5-12-2012 — /europawire.eu/ — Thank you Jean-Claude. On Greece, I will also refrain from commenting in any way on the … Read the full press release

Statement by the President of the Eurogroup, Jean-Claude Juncker

5-12-2012 — /europawire.eu/ — The Eurogroup took stock of the results of the recent troika mission to Nicosia, and exchanged views on the building blocks of a macroeconomic adjustment programme for Cyprus. I welcome the important first steps Cyprus is already … Read the full press release

Statement by the EC, ECB, and IMF on the Mission to Cyprus

Brussels, 27-11-2012 — /europawire.eu/ —   An EC/ECB/IMF mission has had productive discussions with the Cypriot authorities on the policy building blocks of a macroeconomic adjustment programme. The authorities and EC/ECB/ IMF teams made good progress towards agreement on key policies to … Read the full press release

Driving licences: Commission proposes reduced fine for Cyprus

Brussels, 22-11-2012 — /europawire.eu/ — The European Commission decided today to amend its decision referring Cyprus to the European Court of Justice for not fully transposing the Directive on driving licences. Since the previous court referral decision in June (IP/12/642), Cyprus has notified … Read the full press release

The world needs EU Aid volunteers!

Kristalina Georgieva — European Commissioner for International Cooperation, Humanitarian Aid and Crisis Response Workshop on “Best Practices on the assistance of volunteers in Civil Protection and Humanitarian Interventions” Cyprus, 20-11-2012 — /europawire.eu/ — Dear Minister, Dear Colleagues, 1. Cyprus at the heart of HA … Read the full press release