Cyprus News Agency: News in English, 12-05-07

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

CONTENTS

[01] President congratulates Hollande on his election

[02] Mechanism to facilitate investment to be set up

[03] CBC Governor optimistic

[04] European officials briefed on Cyprus' EU presidency priorities

[01] President congratulates Hollande on his election

"I am particularly happy to extend to you, the day after your election to the presidency of the Republic of France, my most sincere and warm congratulations, wishing you every success in the fulfillment of your high-level duties," Christofias said in his letter.

``You are assuming the presidency of France, an important country in the European family, at a period during which both our countries face major challenges,`` he added.

President Chistofias expressed certainty that, "led by the humanitarian values which constitute our common heritage, France, under your leadership, will work tirelessly so that European citizens will regain hope, which is so important today, for progress and for a better Europe."

He also noted that "ties between Cyprus and France are excellent and most valued."

Deep appreciation between the Cypriot and the French people and close cooperation between the two countries, he added, are a valuable achievement.

He said he would ensure that this heritage is maintained and becomes more productive.

"A few months after the assumption of your duties, Cyprus will assume the EU Presidency and I look forward with great joy to working closely and constructively with you," he concluded.

[02] Mechanism to facilitate investment to be set up

The meeting was held at the initiative of Commerce, Industry and Tourism Minister Neoklis Sylikiotis and was attended by Finance Minister Vasos Shiarli, Interior Minister Eleni Mavrou and Communications and Works Minister Efthymios Flourentzou, in the presence of the Chairman and the Director General of the Cyprus Investment Promotion Agency (CIPA).

In statements after the meeting, Sylikiotis said the aim of the committee is to promote foreign and domestic investments in Cyprus at all levels, in which various ministries and government departments are involved.

[03] CBC Governor optimistic

He has also said that the Central Bank wants to bring back as soon as possible the stability of the financial system through the recovery of the investors` confidence in the banking system and the Cypriot economy.

In addition, Demetriades said that strengthening both the institution and the role of the Central Bank is a fundamental prerequisite to exit the economic crisis.

[04] European officials briefed on Cyprus' EU presidency priorities

According to an official announcement, these priorities include strengthening social Europe with more and better jobs for young workers and strengthening the participation process of social partners, local authorities and NGOs in the process of implementing EU objectives for more growth, more innovation and increased employment.

In statements after the meeting, Minister Soteroula Charalambous referred to her recent meeting in Brussels with the President of the European Economic and Social Committee, Staffan Nilsson, adding that "we will seek their cooperation for the success of the Cyprus presidency``.

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