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Cyprus News Agency: News in English, 13-11-12

Cyprus News Agency: News in English Directory - Previous Article - Next Article

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


CONTENTS

  • [01] Spokesman: We refuse to engage in blame game
  • [02] Indian Foreign Minister hopes for solution of Cyprus problem
  • [03] Chamber of Commerce outlines economy recovery proposal
  • [04] Finance Ministry to assign firm to assess COOP value

  • [01] Spokesman: We refuse to engage in blame game

    The government refuses to engage in a blame game as regards the Cyprus issue, Government Spokesman Christos Stylianides has said.

    In a written statement Stylianides notes that "it is not our side's intention to engage in a blame game and this is why we will not comment on Mr. Eroglu's statements and leave them on the judgment of any objective observer".

    As far as the Greek Cypriot side is concerned, he adds, everything is apparent on a level of actions and decisions.

    [02] Indian Foreign Minister hopes for solution of Cyprus problem

    Indian Foreign Minister Salman Khurshid has reiterated his country`s support for the independence, sovereignty and territorial integrity of Cyprus, expressing hope for the success of the efforts to solve the Cyprus problem.

    According to an official announcement issued here today, Khurshid met with Minister of Foreign Affairs of Cyprus, Ioannis Kasoulides, in the context of his participation in the Asia - Europe Meeting (ASEM) which takes place in New Delhi between 11 - 12 November.

    The meeting was held in a very positive atmosphere, where the two Ministers reaffirmed the close and historic ties of friendship between Cyprus and India.

    [03] Chamber of Commerce outlines economy recovery proposal

    Head of Cyprus Chamber of Commerce and Industry (CCCI) Phidias Pilides called on Monday evening on everyone to do their outmost for the country's economy to reboot, recover and achieve positive growth.

    Addressing CCCI's AGM, in Nicosia, Pilides noted that the effort must be a common one encompassing both the public and the private sectors, the state, the business community and social partners.

    We all have a role to play and a responsibility to face challenges successfully, he stressed.

    [04] Finance Ministry to assign firm to assess COOP value

    The Finance Minister will select next week one of the big four international audit firms to carry out a fair value assessment of the Cyprus Cooperative Institutions (COOP), a term of the a €1.5 capital injection given to cover their estimated capital shortfall.

    Following the capital injection, the state acquired 99% of the COOPs' share capital.

    On the basis of the decree for the recapalisation of the COOPs, the Finance Ministry issued a call to the "big four" audit firms (KPMG, PWC, Ernst & Young and Deloitte) to express interest for a fair value assessment of the Cooperative Central Bank (CCB) and its member credit institutions` capital value.


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