Cyprus News Agency: News in English, 06-04-13

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From: The Cyprus News Agency at <http://www.cyna.org.cy>

CONTENTS

[01] CYPRIOT PRESIDENT INDIA

[02] INDIAN BUSINESSMEN INVESTMENTS

[03] HOUSE DISSOLUTION

[01] CYPRIOT PRESIDENT INDIA

The President was speaking during a flight from New Delhi to Bombay, where he will be visiting the oldest stock exchange of Asia, the Bombay Stock Exchange, which was built in 1875. He received an official welcome at the airport.

In his statements, President Papadopoulos said his visit was successful and noted that the results where those he expected, adding that the purpose of the visit was to reconfirm the consistency of India`s policy on the Cyprus problem.

He also pointed out that on a political level the two countries support each other at international fora.

President Papadopoulos said that on a bilateral level it was determined that much more has to be done and noted that his visit has contributed to rekindling bilateral relations between the two countries.

Regarding the economic contacts of Cypriot businesspeople accompanying him on his trip to India, President Papadopoulos said they were very useful and provided an opportunity for two-way trade, with Cyprus receiving technological know-how, especially in high technology sectors, and India being given the potential for commercial transactions in Cyprus.

Referring to cooperation on an academic level, he said the progress achieved in India concerning technology is to a great extent due to the high level of tertiary education in the country, adding that cooperation of educational institutes of the two countries could be beneficial for Cyprus.

Earlier today, addressing the Indian Council of World Affairs in New Delhi, President Papadopoulos said Cyprus supported Turkey`s European aspirations and did not exercise its right to veto under the condition that Turkey would meet EU demands.

The Council was established in 1943 by a group of Indian intellectuals during the British rule over India, as a think-tank, a non-profit organisation exclusively for the study of international relations and foreign affairs.

In 2001 it has been declared by an Act of Parliament an institution of national importance. The Council played host to various important international conferences and has been visited by many international political and religious personalities.

[02] INDIAN BUSINESSMEN INVESTMENTS

Addressing a business meeting organized in the Bombay Stock Exchange, organized by the Federation of Indian Chambers of Commerce and Industry, President Papadopoulos referred to the advantages offered by Cyprus to foreign businessmen adding that Cyprus looks for Indian investments in the area of high technology.

He noted that Cyprus offers a unique opportunity for Indian companies to invest in Cyprus and export their goods, as Cypriot and thus European goods, all over the European Union.

Representatives of the FICCI made positive references on the Cypriot economy, encouraging Indian businessmen to invest in Cyprus, not only in the IT area, but also in nanotechnology, biotechnology, pharmaceutics and other services.

[03] HOUSE DISSOLUTION

The Parliament discussed and approved approximately 27 bills, including, the bill concerning political advertisements, a bill settling the issue of temporary employees in the public service. The House also debated the agreement between the Cyprus Telecommunications Authority (CYTA) and the subscriber TV channel LTV.

Furthermore, a meeting of the leaders or parliamentary spokesmen decided to refer a bill amending the constitution of the Cyprus Republic so that the acquis communautaire (EU law) would prevail over the national legislation to the new Parliament.

The House Plenary also held a small farewell party for those members of the House who will not seek re-election, including the veteran politician Vassos Lyssarides, founder of the Social democrats Movement EDEK, who withdraws after a 46-year presence in the House.

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