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Cyprus News Agency: News in English, 13-05-30
CONTENTS
[01] Economic Sentiment Indicator in Cyprus improves in May
[02] EIB ready to provide advice to the government on LNG terminal
[01] Economic Sentiment Indicator in Cyprus improves in May
The Economic Sentiment Indicator in Cyprus improved by more than 10
points in May, while it showed a marked improvement in Greece, the EU
and the Eurozone.
According to May's Economic Sentiment Indicator (ESI) picked up again.
The indicator`s recovery started autumn last year had been interrupted
by flat developments in March and deteriorations in April. May brought
increases of 0.8 points in the euro area (to 89.4) and 1.1 points in
the EU (to 90.8).
[02] EIB ready to provide advice to the government on LNG terminal
The European Investment Bank (EIB) appears ready to provide advice to
the government of Cyprus regarding the financing of the construction of
natural gas liquefaction terminal, without ruling out the possibility
of getting involved in the financing of the whole project.
Speaking after the signing of a loan agreement of €100 million between
the government and EIB, the Vice-President of the Bank Mihai Tanasescu
said that at a meeting with the Minister of Energy George Lakkotrypis
he asked EIB to provide advice on how this project could be financed.
"Our answer was a very clear positive answer, we can deliver, we can
provide some financing advice to them to see this important project
for Cyprus could be implemented", he added.
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