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Cyprus News Agency: News in English, 06-10-20

Cyprus News Agency: News in English Directory - Previous Article - Next Article

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


CONTENTS

  • [01] ESTONIAN PM OFFICIAL VISIT
  • [02] HOLY SYNOD - ELECTIONS
  • [03] CENTRAL BANK INTEREST RATES

  • [01] ESTONIAN PM OFFICIAL VISIT

    Prime Minister of Estonia, Andrus Ansip, will pay an official visit to Cyprus from 23 to 25 October.

    The Prime Minister, who will be accompanied by a five-member delegation, will hold official talks with President of the Republic Tassos Papadopoulos and will also meet House of Representatives President Demetris Christofias.

    Ansip will be received on Tuesday, 24 October, by President Papadopoulos. After an official welcoming ceremony which includes the Prime Minister laying a wreath at the statue of the late President of the Republic Archbishop Makarios III, in the presidential palace compound, Papadopoulos and Ansip will meet briefly and then official talks will follow with statements to the press at the end.

    [02] HOLY SYNOD - ELECTIONS

    The Holy Synod of the Church of Cyprus ratified the election of the 100 General Representatives who, together with the ex officio members, will elect the new Archbishop next month.

    The announcement was made by Acting Primate of the Church of Cyprus, Bishop of Paphos Chrysostomos, who said the election will take place on 4 November.

    During the last phase of the election process an Electoral Assembly will be set up, comprising ex officio members, such as bishops, deputy bishops, abbots and monks, and the 100 general representatives.

    The Assembly will be called to the Archbishopric to elect the Archbishop by secret ballot in two separate ballot boxes, one for each of the two groups that makes up the Assembly, namely ex officio and general representatives.

    [03] CENTRAL BANK INTEREST RATES

    The official interest rates of the Central Bank of Cyprus, that is the minimum bid rate on the main refinancing operations, the interest rate on the marginal lending facility and the interest rate on the overnight deposit facility, remain unchanged at 4.50%, 4.50% and 2.50%, respectively.

    Governor of the Central Bank Christodoulos Christodoulou said the decision was taken despite the relatively positive developments on the price front in September.

    He noted that inflation trends continue to be lurking and are being pushed by the high price of fuel and the significant growth in the availability of credit in the private sector.


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