TagsNicos Anastasiades

President toasts Jewish community but warns on north

By Stefanos Evripidou 10/05/13
PRESIDENT NICOS Anastasiades yesterday raised a glass to celebrate ten years since the establishment of the Cyprus Jewish Community Centre in Larnaca while also warning his hosts not to engage in any illegal activity in the occupied north. The Cyprus Jewish Community Centre (CJCC) invited the president to their tenth anniversary dinner celebrations in Pervolia where Anastasiades gave his address, thanking them for their “vibrant” and “active presence” in Cyprus. ... 3 comments

‘The start of a new era between Cyprus and Israel’

By Elias Hazou 08/05/13
 COMMON interests between Cyprus and Israel render the two nations natural allies, President Nicos Anastasiades said yesterday on the last day of his state visit to the neighbouring country.“We are inaugurating a new era in relations between our two countries,” Anastasiades said at a working lunch with Israeli President Shimon Peres in Jerusalem.“Cyprus is Israel’s most reliable neighbour,” he added. “The two countries are committed to collaborating - we have historic ties and a common culture, but also a common blessing that are the hydrocarbons.”For his part, Peres said the two countries are “linked in many ways. Without Cyprus, Israel is far away from Europe. We regard Cyprus as a close friend both politically and geographically... 10 comments

‘Cyprus remains a reliable business partner’

08/05/13
PRESIDENT Nicos Anastasiades yesterday assured the Israeli business community that Cyprus would remain a “reliable partner” to entrepreneurs and investors interested in international expansion and that it would retain its position as a significant international investment hub for Israeli and Cypriot business.Addressing a business forum in Tel Aviv - jointly organised by the Federation of Israeli Chambers of Commerce and the Cyprus Chamber of Commerce - Anastasiades urged the Israeli business world to keep faith with Cyprus despite the financial crisis here that has all but paralyzed the economy... 2 comments

Dog days for Cyprob negotiations in Nicosia

24/04/13
THE United Nations (UN) is very sympathetic towards the struggle the Cypriot people now face, UN Special Advisor on Cyprus Alexander Downer said yesterday after a meeting with President Nicos Anastasiades at the Presidential Palace.Downer said he hopes to announce a dinner between President Anastasiades and Turkish Cypriot leader Dervis Eroglu after his meeting with the latter today. Downer will head to Greece on Thursday to meet Greek Foreign Minister Demetris Avramopoulos before travelling to Turkey on Monday to meet Turkish Foreign Minister Ahmet Davutoglu. “I will go into those meetings well armed,” Downer said. ... 5 comments

Condolences sent to US government

17/04/13
PRESIDENT NICOS Anastasiades yesterday sent a message of condolence to United States President Barack Obama regarding the deadly explosions that took place at the finish line of the Boston Marathon.Anstasiades expressed his profound shock and sorrow for the tragedy, which caused the loss of innocent lives and left many injured.On behalf of the government and people of Cyprus, he expressed his deepest condolences to the families of the victims “of this abominable and cowardly attack”.Anastasiades said Cyprus stands in full solidarity with the people of the United States in the efforts “to prevent and eradicate such senseless acts of violence”. ... Read on

Raft of measures to aid economy

16/04/13
THE GOVERNMENT is to ease citizenship rules for foreign investors who lost money under an EU bailout deal, as part of a series of planned measures to salvage what it can of its reputation as a business centre.President Nicos Anastasiades said new steps, mostly affecting the Russian business community, would be approved at a cabinet meeting.Speaking at a Russian business conference in Limassol on Sunday evening, Anastasiades said the new measures would “mitigate to some extent the damage” Russian investors had endured.In exchange for a €10bn rescue package, agreed by the EU and IMF, Cyprus must wind down Laiki Bank and write-off a large portion of secured debt and uninsured deposits in the Bank of Cyprus... 11 comments

President responds to Draghi on Central Bank Governor

By Stefanos Evripidou 16/04/13
PRESIDENT NICOS Anastasiades has written a letter to European Central Bank (ECB) President Mario Draghi allegedly listing the shortcomings of Cyprus’ Central Bank Governor Panicos Demetriades, it was reported yesterday. In the initial letter, which was also sent to House President Yiannakis Omirou, Draghi reminded both men that a central bank governor could only be dismissed on grounds specified by EU law, adding that any dismissal would be subject to review by the EU’s Court of Justice. Speaking on Sunday, Anastasiades said he planned to inform Draghi about some incidents which he hoped would be taken to heart, hinting that had there been the proper supervision by European institutions, Cyprus wouldn’t be in the position it’s in now.  ... 5 comments

Gas now cornerstone of state’s policy

By Elias Hazou 10/04/13
DEBT-STRICKEN Cyprus is pinning its hopes for economic recovery on the potentially vast reserves of offshore natural gas, President Nicos Anastasiades said yesterday.“Taking into consideration the difficulties that we now face due to the economic crisis, the prudent exploitation of the domestic hydrocarbon resources has been set as the cornerstone of our policy.“In fact, the energy sector of Cyprus shapes up today as the key towards the achievement of our goals for economic resurgence and growth and the creation of new jobs,” the President said in an address to the Eastern Mediterranean Gas Conference... 7 comments

Final haircut figure expected tomorrow

By Peter Stevenson 07/04/13
 OFFICIALS at the Central Bank will work through the weekend to come-up with a final percentage for the levy on uninsured deposits of over €100,000 at Bank of Cyprus, it was reported yesterday.An announcement is expected tomorrow. The decision is dependant on calculations regarding the offset of loans against deposits according to head of internal audit at the Central Bank, Yiangos Demetriou. He expressed the belief that once measures were  put in place it would breathe life back into the market and to trading.Most reports suggest depositors with over €100,000 with the bank will take a hit of 60 per cent. ... 3 comments

Blame game in full swing

By Poly Pantelides 04/04/13
 THE CLINCHING of a final deal with the troika of international lenders on Tuesday sparked a fully-fledged blame game between ruling DISY, and opposition AKEL yesterday, even prompting President Nicos Anastasiades to join in.Each side blamed the other for the memorandum of understanding (MoU) and each said the other had brought the country to ruin. AKEL, when it was in government had agreed an initial MoU with the troika last November. The deal reached on Tuesday was with the new government led by Anastasiades. Each said the other’s deal was worse... 10 comments
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