Cyprus News Agency: News in English, 12-04-26

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

CONTENTS

[01] Government describes oil drilling in Famagusta as illegal

[02] Andorran Foreign Minister to hold working visit to Cyprus

[03] FINMIN: We aim to reduce fiscal deficit to 2.5%

[04] EU Commission asks Cyprus to conform with e-money directive

[01] Government describes oil drilling in Famagusta as illegal

Government Spokesman Stephanos Stephanou said that `` Turkey and the T/C leadership are acting illegally by conducting a drilling in the occupied area of Famagusta. These actions taken by Turkey and T / C leadership such as this drilling demonstrate their lack of will to achieve a solution to the Cyprus problem``.

Stephanou said that the Government is making all the necessary representations for this new illegal action by the occupation regime and Turkey.

Asked why the Greek Cypriot side continues to participate in the bi-communal dialogue for a solution since the Turkish side shows lack of will towards this, Stephanou said that since the United Nations want and seek, as we do, the solution of the Cyprus problem through bi-communal dialogue, and as long as the conditions exist for the dialogue to be continued, it's not us who will end the dialogue and any effort to reach a solution.``

He said that Greek Cypriot side's continuous initiatives and efforts aim to either achieve a solution to the Cyprus problem based on the relevant UN resolutions or to expose the other side for lack of will to achieve such a solution.

[02] Andorran Foreign Minister to hold working visit to Cyprus

Sunye will discuss with his Cypriot counterpart Erato Kozakou Marcoullis the bilateral relations between the two countries, the Cyprus problem and Andorra`s relations with the European Union.

The visit takes place in the framework of the bilateral consultations between the two countries in view of the Cypriot Presidency of the Council of the EU which begins on July 1.

Tomorrow Sunye will hold a tete a tete meeting with Marcoullis followed by official consultations. The two Minister will also hold a joint press conference. Marcoullis will host official luncheon in honour of the Andorran Minister.

Sunye will also hold separate meetings with Minister of Commerce, Industry and Tourism Neoclis Sylikiotis, House President Yiannakis Omirou, President of the Parliamentary Committee of Foreign Affairs Averof Neofytou and Vice Mayor of Nicosia Nicos Nouris.

The Andorran FM will depart Friday night.

[03] FINMIN: We aim to reduce fiscal deficit to 2.5%

In statements to the press Thursday, the Minister said that any additional financial measures needed to be taken to reduce the fiscal deficit will be taken after consultations with all social partners.

Furthermore, the Minister dismissed press reports that the government will cut the 13th salary, usually given in December.

[04] EU Commission asks Cyprus to conform with e-money directive

The Directive aims at facilitating market entry, as well as at the taking up and pursuit of the business of electronic money issuance.

The six member states have to notify the Commission within the next two months of the measures they are taking to update their national legislation.

If they do not do so, then the Commission may refer the Member States to the Court of Justice of the European Union and request the imposition of financial penalties.

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