Cyprus News Agency: News in English, 12-10-08

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

CONTENTS

[01] President: Cyprus attaches great importance to IMP

[02] No recession but risks very high for euro zone in 2013, economists

say

[03] Limassol Declaration paves the way for Commission initiatives for

Blue Growth

[04] Barroso calls for compromise between Government, parties and

social partners

[05] Agreement signed between Cyprus and CERN

[06] "Argonaftis 2012" exercise to commence

[01] President: Cyprus attaches great importance to IMP

That's what President of the Republic of Cyprus Demetris Christofias said, inter alia, on Monday in his speech at the ceremony for the "Limassol Declaration" on the EU's IMP, in the presence of the President of the European Commission José Manuel Barroso. He noted that IMP's philosophy has moved the Member States to the need for setting up national structures, so that the various individual policies related to the sea do not grow piecemeal, but within the context of a comprehensive approach, taking into account linkages and synergies with other sectoral policie

[02] No recession but risks very high for euro zone in 2013, economists say

Kekic, who was addressing the first session of an "Economist" conference in Nicosia on Monday, noted that a 2% contraction for 2012 and a contraction by a few decimal points for 2013 are forecast for the Cyprus economy while it is expected to follow a recovery process between 2014 and 2017 in line with the euro zone.

However, he emphasized the risks present due to the island's economy great exposure to the Greek economy. As far as Greece is concerned he said that most probably it will not exit the euro as things stand at the moment.

[03] Limassol Declaration paves the way for Commission initiatives for Blue Growth

The Limassol Declaration proposes a marine and maritime agenda to back the Europe 2020 strategy. As highlighted in the Commission's recent Blue Growth initiative on opportunities for marine and maritime sustainable growth, the agenda focuses on promising maritime sectors where there is a great potential for new jobs and growth. These sectors are: marine renewable energy, aquaculture, blue biotechnology, coastal tourism and sea bed mining.

[04] Barroso calls for compromise between Government, parties and social partners

Conveying a message of hope to the Cypriot people, Barroso said, "I know the situation is difficult, the challenges are immense, we need a huge effort from the political system in Cyprus, all the different parties from government and opposition from the social partners, but look it is critically important for the future of Cyprus."

He also expressed hope that "we can move rapidly to reach an agreement on the measures to be taken to guarantee a long-term sustainability of the Cypriot economy."

[05] Agreement signed between Cyprus and CERN

To mark the event, CERN Director General Dr. Rolf-Dieter Heuer gave a lecture titled "CERN-Science without boundaries".

Cyprus` association with CERN will create new opportunities for placement through employment contracts, scholarships or placements for practice, and will give Cypriot companies the opportunity to participate in construction and other high technology and innovation projects.

[06] "Argonaftis 2012" exercise to commence

The exercise is being organized for the fifth year by the National Guard in cooperation with the ministries and services of the Republic of Cyprus.

The exercise will be held in the air, sea and land area of Larnaca and Limassol district, within the Cyprus FIR and EEZ.

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