Cyprus News Agency: News in English, 08-05-19

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

CONTENTS

[01] PRESIDENT - CYPRUS

[02] HOUSE - CHINA

[03] ATLASMONT - CYPRUS

[01] PRESIDENT - CYPRUS

The Cyprus problem, he said, under discussion for the past 33 years, cannot be resolved in a few months, if one takes into consideration the starting point of each of the islands two communities.

Nonetheless, the President expressed hope that the problem will be solved as soon as possible, and added: we need to be pragmatists if we really mean to work hard to solve the Cyprus issue.

He said he disagreed with tactical moves from either the Greek Cypriot or the Turkish Cypriot side, stressing that he cannot accept suffocating deadlines.

He said at Fridays meeting with Turkish Cypriot leader Mehmet Ali Talat he will raise the difficulties faced at the level of the discussions at the Working Groups and the Technical Committees, comprising experts from both communities to discuss various aspects of the Cyprus question.

The President said he will also bring to Talats attention the Turkish Cypriot sides persistence to start direct negotiations the soonest possible.

Six working groups and seven technical committees have been engaged in talks for the past 3-4 weeks to prepare the ground for substantive negotiations between the leaders of the two communities. The teams of experts were set up following an agreement in March this year between Christofias and Talat, who also agreed they would meet in three months` time to review progress. President Christofias has asked to meet Talat sooner to discuss certain issues pertaining to the talks. They will meet on Friday.

Speaking at Larnaca airport on arrival from Peru where he participated in the Latin America-European Union summit, President Christofias stressed that good cooperation is developing on issues dealing with rising food prices and global warming.

After Peru, President Christofias flew to London where he had a meeting with Foreign Secretary David Miliband and discussed issues of common interest. He also had a very constructive meeting with the Cypriots living in London.

I promised the Greek Cypriots and the Turkish Cypriots in Britain that as President of the Republic, I will continue to have close contact with them. I will listen to their problems and we will try together to make use of this large community, the President said.

He also had the opportunity to meet the President of Austria and brief him about the latest developments in Cyprus.

Responding to questions, the President noted that during his stay in Lima, a lot of his EU partners as well as other leaders of the international community welcomed his initiatives on the Cyprus issue and expressed their readiness to help.

They are very pleased with the fact that the new President of the Republic has made moves to resume the Cyprus peace effort, a promising movement, in spite of the difficulties we might face and given the current situation in Turkey, the President said.

Asked whether he discussed with other leaders the need to exert pressure on Turkey to change its stance on Cyprus, the President said that this particular effort requires patience, tactfulness, noting that the Greek Cypriot side is trying to pass this message to its EU partners.

[02] HOUSE - CHINA

Speaking after signing the condolences book, at the Chinese embassy, Karoyan said that on behalf of the House of Representatives, the government and people of Cyprus we express our condolences and sorrow for the victims of the devastating earthquake that has struck China».

In such difficult times China is going through, we stand by the Chinese people and we are ready to offer our help, to the extent that this is possible, in order to eliminate the pain as much as possible, he noted.

Karoyan also expressed his sincere condolence to the families of the victims and expressed hope that there will be no more victims.

[03] ATLASMONT - CYPRUS

According to an official announcement, the Central Bank, acting under section 8 of the Banking Law (Law 66(I) of 1997) as subsequently amended, granted on 14 May 2008 an approval to Atlasmont Banka for the establishment of a Representative Office in Cyprus.

Atlasmont Banka, the 6th largest bank out of 10 banks operating in Montenegro, operates as a commercial bank since 2002, with 19 branches in Montenegro and a Representative Office in Russia.

According to the provisions of the Banking Law, a Representative Office of a foreign bank operating in Cyprus is not considered to be a Bank, but an office from which the interests of the entity to which it belongs are promoted or assisted and at which no banking business or the business of accepting deposits is carried on.

The Representative Office of Atlasmont Banka will be the third Representative Office of a foreign bank operating in Cyprus.

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