Cyprus News Agency: News in English, 07-10-08

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

CONTENTS

[01] CYPRUS PRESIDENT - CHINESE AMBASSADOR - CYPRUS QUESTION

[02] FM - KIRGIZIA - VISIT

[03] CENTRAL BANK - INTEREST RATES - UNCHANGED

[01] CYPRUS PRESIDENT - CHINESE AMBASSADOR - CYPRUS QUESTION

An official press release said the Chinese Ambassador was received by President Papadopoulos who informed him about the latest developments on the Cyprus question, reaffirming the strong will of the Greek Cypriot side for the implementation of the 8 July Agreement.

On July 8, 2006, President Papadopoulos and Turkish Cypriot leader Mehmet Ali Talat agreed, during a meeting in Nicosia in the presence of UN official Ibrahim Gambari, to begin a process of bicommunal discussions on issues that affect the day-to-day life of the people and concurrently those that concern substantive issues, both contributing to a comprehensive settlement of the Cyprus problem.

According to the official press release, the Chinese Ambassador expressed the continuous support of his country for a Cyprus settlement on the basis of UN resolutions and for the immediate implementation of the 8 July Agreement, as described in the Gambari letter of November 15, 2006, which is fully supported by the international community and particularly by the UN Security Council.

Furthermore he informed President Papadopoulos on the latest developments in the problem of Taiwan and conveyed the warm thanks of the Chinese Government for the substantive help and support of Cyprus to the rejection by the UN General Assembly of Taiwans demand to become member of the UN.

President Papadopoulos reaffirmed the firm position of Cyprus for One China. Furthermore he denounced the secessionist actions of Taiwans leadership aiming at the independence of the island, and particularly the effort to conduct a referendum in Taiwan to promote its accession to the UN.

Papadopoulos and the Chinese Ambassador also exchanged views on international and regional issues of mutual concern.

[02] FM - KIRGIZIA - VISIT

In statements before her departure, Marcoullis said that her visit to Kirgizia aims at building bridges of cooperation and improving the relations between the two countries.

Marcoullis said this was the first visit of a Cypriot Foreign Minister to Kirgizia and the region of Central Asia in general, stressing the great importance of this visit. Furthermore she noted that member of Cyprus parliament Eleni Theoharous is participating at the Cypriot delegation and thanked Theoharous for her contribution in promoting the relations between Cyprus and Kirgizia.

[03] CENTRAL BANK - INTEREST RATES - UNCHANGED

He said the key refinancing rate remained at 4.50 percent. The Bank left the Lombard rate at 5.0 percent and its overnight deposit facility rate at 3.0 percent.

Figures show consumer inflation in September was running at 2.63 percent from 2.47 percent in August and 2.43 percent in July. For the first nine months of the year inflation reached 2 percent compared to 2.87 percent in the corresponding period last year.

``Inflationary pressures continue to be fuelled by high oil prices and some food categories as well as the rapid expansion registered in money supply and loans to the private sector,`` Orphanides said.

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