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Cyprus News Agency: News in English, 12-05-31

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

From: The Cyprus News Agency at <>


  • [01] House President met with new CB Governor
  • [02] Cyprus EU presidency priorities on research and innovation
  • [03] Aviation safety and security conference in Nicosia

  • [01] House President met with new CB Governor

    House of Representatives President Yiannakis Omirou has pledged the House`s full cooperation to Central Bank Governor Panicos Demetriades in order to overcome the problems the Cypriot Economy is faced with. In statements to the press after a meeting they had Omirou said their discussion focused on "the problems and prospects of the Cypriot economy in light of the impact of the global financial crisis, a focal point being the impact to the financial system due the excessive exposure of Cypriot banks to Greek bonds".

    Addressing Demetriades, who was appointed Central Bank Governor on April 2, he wished him every success in his ‘extremely important' for the financial system and Cyprus' economy duties. Omirou further assured the new Governor that the House of Representatives ``will cooperate fully with him in order to deal with the dangers the financial system and the Cyprus economy in general are faced with``. He expressed the House's readiness to adopt in a spirit of consensus, as it has done in the past, the necessary policies in order for the country`s economy to escape recession and stagnation.

    Omirou further pointed out that the road out of the crisis in the eurozone, the EU and Cyprus goes beyond austerity and strict fiscal discipline, which he added, ought to be complimented with growth boosting measures. He further expressed the point of view that new French President's Francois Ollande's views on growth and Eurobonds create hope.

    During the Cyprus EU Council rotating presidency due to begin on July 1, Omirou said, there will be opportunities in the context of the Cypriot presidency's priorities for a better Europe, on both the Multiannual Financial Framework 2014 – 2020 and the `Six Pack`, for deals to be achieved by European institutions pointing the way out of the crisis and prolonged recession to financial stability, growth, prosperity and social cohesion. On his part Demetriades thanked Omirou and said their discussion was very useful and productive.

    [02] Cyprus EU presidency priorities on research and innovation

    Investment in research and innovation is of fundamental importance, Cypriot Minister of Health Stavros Malas said on Thursday. In a written statement Malas said he had presented Cyprus' EU Council presidency priorities on research and innovation at EU Council of Competitiveness level in Brussels. "The economic crisis that we are going through and the economic, political and social turmoil that the crisis generates are placing on our shoulders strong responsibility to meet the expectations of European citizens", he said.

    Under these circumstances, he added, "investment in research and innovation is of fundamental importance, contributing to the economic growth and competitiveness of Europe, creating more and better jobs, and increasing the quality of life of European citizens". Malas pointed out that "the main priority of the Cyprus Presidency will be ‘Horizon 2020', the European funding programme for research and innovation for the period 2014-2020".

    "In this respect, building on the progress achieved by our Trio partners, Poland and Denmark, we will pursue agreement in the Council on the different legislative components of the programme", he added. The Cypriot minister further noted that Cyprus will try to reach agreement on both the Regulation and the Strategic Innovation Agenda of the European Institute of Innovation and Technology, which is an integral part of ‘Horizon 2020'.

    At the same time Malas said that "in the context of deepening European integration, the Cyprus Presidency will work towards the realisation of the European Research Area, placing particular emphasis on researchers' mobility and cross-border cooperation of research actors in Europe". He noted that "we attach great importance to the International cooperation with third countries in research and innovation, in particular with the countries of the Euro-Mediterranean neighbourhood".

    [03] Aviation safety and security conference in Nicosia

    Safety and security in air transport and the need to reinforce the measures taken by governments and various organizations on a European and international level is the main theme of the third international conference on aviation security, which began Thursday in Nicosia. The two-day conference title "From Words to Action" is organized by the Flight Safety Foundation (FSF) of SE Europe-Middle East and Cyprus and it is attended by more than 180 participants from 14 countries. A total of six international organizations are also represented to the conference, including the International Civil Aviation Organization, Eurocontrol, the European Civil Aviation Conference, the International Shipping Federation, the International Customs Organizations as well as the US Transportation Security Administration.

    The conclusions of the conference are expected to serve as a forerunner for a UN seminar on security against terrorist and criminal acts to take place next September in Montreal. The conference was addressed by the Minister of Communications and Works Efthymios Flourentzos who referred to the role of the Foundation and expressed his satisfaction because the "best of industry" are gathered here today and will discuss the latest developments on safety and security in air transport. He noted that international cooperation and coordination is essential, stressing that only through partnership goals can be achieved.

    The Chairman of the Foundation Makis Constantinides, in his speech, said that according to EU statistics of the past 15 years, a total of 12 million flights are conducted annually, noting that this number is expected to rise to 20 million by 2020. He also said that annually a total of 5 million people in the EU and 2.5 billion around the world use aircraft for travelling. William Voss, CEO Of the Flight Safety Foundation in his speech which was read at the meeting, said that "over the years, we have achieved a great level of security and safety, however a lot needs to be done and many battles are fought each day in order to reach our goals." He went on to say that the great challenge is to communicate with the decision makers on what has to be achieved.

    The President of ECAC Catalin Radu said that aviation security is one of the main challenges for the people in the aviation industry and security is based on three pillars: anticipation, innovation and partnership. He said that "we cannot operate in isolation and we can achieve more if we come together than apart."

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