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Cyprus News Agency: News in English, 11-04-19

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From: The Cyprus News Agency at <>




    The Monitoring Committee of the Interparliamentary Union, currently holding its 124th session in Panama, has met, with the participation of a delegation from the Cyprus House of Representatives and representatives of Turkish Cypriot political parties.

    An official statement, said that during the meeting, Cypriot parliamentarians referred to the ongoing direct talks to solve the Cyprus problem between the leaders of the two communities in Cyprus and stressed the need for a viable, functional, just and mutually acceptable solution to the Cyprus question, according to international law and relevant UN resolutions.

    Members of the Cypriot delegation stressed the dedication of the Greek Cypriot side to a bizonal, bicommunal federation, with a single sovereignty, single citizenship and international personality, on the basis of political equality, as defined by UN resolutions, which secure human rights and are in line with EU principles.

    They further pointed out that the key to the solution in Cyprus lies with Turkey, which is solely responsible for the situation on the island. Regarding the so-called isolation of the Turkish Cypriot community, members of the Cypriot parliamentary delegation said this is the result of the continuing occupation.


    In 2010 the overall public sector balance registered a deficit of 926,1 million euro, 5,3% of GDP, compared to a deficit of 6% in 2009, an announcement issued here today by the Statistical Service said. Total public sector expenditure in 2010 increased by 5% and total revenue by 7% as compared to the previous year.

    Based on the preliminary data on the General Government accounts for the period October-December 2010, compiled in accordance to E.U concepts and definitions, the total revenue amounted to 2.091,9 million euro (15,8% increase compared to the corresponding period of 2009), the announcement reads. It adds that total expenditure reached 2.473,3 million euro, (4,7% increase) resulting to a deficit of 381,4 million euro as compared to 556,5 million euro deficit in the corresponding period of the previous year.

    The main categories of revenue for the period October-December 2010 were: taxes on production and imports 735,2 million euro (9,4% increase), of which VAT was 423,1 million euro(13% increase), taxes on income and wealth 594,7 million euro (11,1% increase). Revenue from sales of goods and services increased by 60,3% as compared to the corresponding period of the previous year. The main categories of expenditure for the period October-December 2010 were: compensation of employees 814,1 million euro (zero growth as compared to the previous period) and social transfers 750,9 million (22,8% increase).

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