President Anastasiades attends Conference organized by the EBRD, in Nicosia

President Anastasiades attends Conference organized by the EBRD, in Nicosia

The President of the Republic, Nicos Anastasiades, attended today, in Nicosia, a Conference organized by the European Bank for Reconstruction and Development.

Speaking at the Conference, the President referred to the Cyprus economy, saying that after the unprecedented period of recession and the return to positive growth rates in 2015, “it has continued its positive course in 2016 with an even higher rate of growth, reaching 2.8%, something which demonstrates the substantial recovery of the economy and its definite exit from the recession.”

President Anastasiades thanked “the Bank for its overall support in the current negotiating process for the achievement of a functional and viable solution to the Cyprus problem,” and noted the central role it can play in the financing of infrastructure and development projects in a reunited Cyprus.”

He also stressed the “necessity to reach an economically viable solution, so that we can avoid recent phenomena which may potentially put the implementation of the solution at risk.”

In this context, the President added, “technical assistance has been officially requested from the International Monetary Fund and the World Bank, especially with regard to the banking sector in the occupied areas, the assessment, as accurately as possible, of the cost regarding the property issue (resettlement, compensations, etc.), and the finding of possible sources for the financing of the components of the pursued solution.”

President Anastasiades expressed his hope that it will soon be possible “for the Turkish Cypriot side to allow the international financing agencies to have access to its banking system to perform the absolutely necessary ‘stress test,’ as well as to the property data.”

He also expressed “the hope that, following the two-month suspension and recent resumption of the negotiations, we will concentrate on a productive dialogue, without any preconditions, and through constructive proposals we will be able to arrive to a solution that will be governed by the principles of the EU, international law, with full respect for the European acquis, and always guided by the best interests of the people of Cyprus, Greek Cypriots and Turkish Cypriots.”

The President of the Republic reiterated his “determination to work for the achievement of a solution which will reunite the Republic of Cyprus on the basis of a bicommunal, bizonal federation with political equality for the two communities, as it has been agreed, and that will most importantly protect all the citizens, Greek Cypriots and Turkish Cypriots. A solution that it will create, at the same time, a modern state compatible with its status as an EU member, but will also lay the foundations and create the prospects for peaceful coexistence between the residents of the island.”

He added that for Cyprus it was both a goal and an obligation to utilize all the available tools for development and growth, such as those provided by the EBRD. “And I am optimistic but also certain,” the President said, that “this vigorous activity of the EBRD in Cyprus will also continue in the years to come.”/IBNA