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National Council convenes – Statement by the Gov. Spokesman The President of the Republic Demetris Christofias presided on Friday over a meeting of the National Council, the top advisory body to the President of the Republic on the handling of the Cyprus problem. After the meeting the Government Spokesman Stefanos Stefanou told journalists that President Christofias had thoroughly briefed the members of the National Council on the latest developments in the Cyprus problem and particularly, on the outcome of the intensive negotiations and the UN Secretary-General’s visit to Cyprus. The political parties then submitted their views on the President’s briefing and a discussion was held. Replying to a question, Mr Stefanou revealed that no joint statement, on behalf of the National Council, was issued because one political party objected to that. Invited to say whether the parties had been informed orally or in writing about the points of convergence regarding the chapter of Governance, the Government Spokesman noted: “They have been informed orally and comprehensively about the overall picture regarding not only convergence but also the points of divergence and disagreement. Right from the start when progress was announced on the convergence points – because a debate was initiated on whether there is progress and if this progress is big or small – we had invited the political parties to await a full briefing at the National Council regarding the details of the intensive negotiations. Steps forward have been made, further convergence has been achieved. This constitutes progress for us. Beyond that, the political parties give their own interpretations and positions. I repeat that these points of convergence were not achieved, as Mr Talat said, from a shift of the Greek Cypriot side towards the Turkish positions. -08.02.2010 more... Cyprus participated in a Multicultural Festival in Canberra The Cyprus High Commission in Canberra participated on 6 February 2010 in the National Multicultural Festival of Canberra, Australia. The festival takes place every year at the centre of Canberra with the participation of diplomatic missions and communities based in Australia, which promote their tourist and cultural product through events that are organised in the framework of the festival. In a central location in Canberra, dedicated exclusively to the European Union, thousands of visitors from all over Australia were given the opportunity to obtain tourist and cultural information from the kiosks of European countries. In addition, children were given the opportunity to learn more about the EU and its member states by participating in a relevant competition. Cyprus participates this year in the cultural part of the festival as well with the film of Marinos Kartikkis “Meli Kai Krasi” (Honey and wine), which will be shown in the framework of the Film Festival entitled “Window on Europe” on 11th and 13th February. The Cyprus community of Canberra in cooperation with the Greek communities of the area also participated at the Multicultural Festival in the framework of the event “The Greek Glendi” which took place yesterday. - 08.02.2010 «Jsc Ltb Bαnk» of Latvia opens Cyprus branch JSC LTB Bank of Latvia, member state of the European Union, has exercised its right of the freedom of establishment and shall provide services in Cyprus through a branch, in accordance with article 10A(1) of the Banking Law No 66(I) of 1997, as subsequently amended. JSC LTB Bank operates in Latvia since 1991 and is a 100% subsidiary of MDM Bank, which is one of the largest privately owned banks of Russia. The primary responsibility for the prudential supervision of the Cyprus branch of JSC LTB Bank will lie with the Financial and Capital Market Commission of Latvia. Nevertheless, the Central Bank of Cyprus shall be responsible, in cooperation with the above Authority, for the supervision of the liquidity of the said branch and, in this respect, may request the same information from the branch as that demanded from banks to which a banking licence has been granted. Moreover, the Central Bank of Cyprus may, for statistical purposes, require JSC LTB Bank to submit periodically reports on its activities in Cyprus. -07.02.2010 more... Consumer Price Index for the month of January, 2010 The Consumer Price Index for January 2010 decreased by 2,22 units or 1,97% to 110,38 units compared to 112,60 in December 2009. This is mainly due to decreases in the prices of clothing, footwear and household furnishing items due to sale discounts as well as to decreases in the prices of potatoes. Increases have been recorded in the prices of electricity, petroleum products, water rates and certain fresh fruit. The rate of increase of the Index and therefore the rate of inflation for January 2010 was 2,4% compared to 2,0% in December 2009 and 1,1% in January 2009. - 04.02.2010 more...

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