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Cyprus News Agency: News in English, 13-09-17Cyprus News Agency: News in English Directory - Previous Article - Next ArticleFrom: The Cyprus News Agency at <http://www.cyna.org.cy>CONTENTS
of another six [01] Ten BoC board members get Central Bank's approval, more info asked of another sixCyprus Central Bank Governor Panicos Demetriades said on Tuesday that ten of the new members of the Bank of Cyprus (BoC) Board of Directors have been approved while another six members have been asked to provide more information. In an interview with CNA, which will be published on Friday, Demetriades said that the process is expected to be complete within the next few days.At the same time, he asked for public debate on the matter to come to an end. It would be best for the banking system that any public discussion on the matter comes to an end, he said. According to Demetriades, the evaluation process was completed on Monday and on the basis of legal counsel a letter was sent to BoC containing the approval of ten members of the Board, adding that there wasn't enough information on the other members. He rejected criticism on a delay, noting that the process was completed in less than a week after the AGM of the bank, as well as that officials worked through the weekend. [02] Cyprus` trade deficit down during first half of 2013Cyprus` trade deficit recorded a significant drop during the first half of 2013, according to Eurostat. Compared to the respective period of 2012 the deficit was down by €700 million.The total value of Cyprus` exports during January-June 2013 reached €800 million, recording an increase of 9% compared to the respective period of 2012. Imports were down by 12%, reaching €2.3 billion from €2.8 billion. The trade deficit reached €1.5 billion compared to €2.2 billion during the same period of 2012. Regarding the EU28, imports from China dropped by 6% reaching €132.8 billion, from Russia dropped by 3% reaching €103.9 billion, and from the USA dropped by 5% reaching €98.9 billion. During the same period, EU exports to China fell by 2% reaching €71.4 billion, to Russia increased by 2% reaching €59.6 billion, and to the USA dropped by 2% reaching €142.9 billion. The EU trade balance recorded a surplus of €43.9 billion in transactions with the USA, and with China and Russia deficits of €61.4 billion and €44.3 billion respectively. Cyprus News Agency: News in English Directory - Previous Article - Next Article |
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