The Spokesperson for the UN Secretary-General Stéphane Dujarric declined Tuesday, during the press briefing, to comment on the judgment issued by the European Court of Human Rights concerning an inter-state appeal by Cyprus v Turkey. In response to a question, he said that the United Nations has long stressed the importance of finding a political

Finance Minister Harris Georgiades has informed the other two members of the Resolution Authority, Central Bank Governor Chrystalla Yiorkadji and the Chairwoman of the Securities and Exchange Commission, Demetra Kaloghirou, that the government is considering handing over the management of legacy Laiki Bank’s 18% share in Bank of Cyprus, to the European Bank for Reconstruction

 * Troika urges speedy privatisations * The Troika of international lenders has told the government it must abide by the roadmap for privatisations of semi government organisations (SGOs), which it says can be achieved by 2018, with the state also pondering about the sale of services such as the lottery. The delegation of Troika officials,

US Secretary of State John Kerry has said Tuesday his country is very supportive of efforts for a bizonal, bicommunal federation solution in Cyprus. In his remarks, Kerry reminded that he met Kasoulides last May and the two had “been talking and working on the issue of trying to find peace for Cyprus, a reunification

A cooperation agreement to protect the environment, focusing on coastal research and the exploration of hydrocarbon reserves as well as oil pollution was decided on Tuesday by the ministers of the environment of Cyprus, Nicos Kouyialis, Greece`s Yiannis Maniatis and Israel`s Amir Perez. The agreement was achieved during the Union for the Mediterranean Ministerial Meeting

The European Court of Human Rights ruled on Monday that Turkey is obliged to pay 90 mln euros ($124 mln) to the Republic of Cyprus for the violation of human rights during and after the 1974 invasion of the island. The Court in Strasbourg held that Turkey was to pay Cyprus 30 mln euros in

The evaluation of bids for a 10-year supply of natural gas for power generation, issued last January, will take a few weeks more, the state-owned Natural Gas Public Company (DEFA) said in an announcement, adding that the financial proposals have not yet been opened. Four bids were launched in January and submitted to DEFA by

The Cyprus Land and Building Developers Association wants to see an immediate normalisation of the banking sector by lifting the restrictions in the transactions in order to facilitate the repayment of loans, which it has also called on its members to reschedule as soon as possible. A delegation from the Association met with officials from

A Parliamentary Assembly Committee of the Council of Europe (PACE) has adopted a draft report on breast cancer in Europe, prepared by Cypriot MP and Rapporteur Stella Kyriakides, chairman of the local Europa Donna awareness charity. Dealing with breast cancer constitutes a political priority for Cyprus, said Health Minister Philippos Patsalis addressing the Committee on

Cypriots appear less pessimistic over the financial prospects of their households, in comparison to last autumn, according to a Eurobarometer survey conducted for the European Commission last March. The survey found that Cyprus presents the biggest increase in optimistic responses, compared to a November 2013 study with 53% of Cypriots saying that the financial standing