Sisi gives as­sur­ances to Omirou over hy­dro­car­bons ex­ploita­tion

Financial Mirror (Cyprus) - - FRONT PAGE -

Egypt sup­ports Cyprus with de­ter­mi­na­tion, the Pres­i­dent of the Cyprus Par­lia­ment Yian­nakis Omirou said, af­ter hav­ing been as­sured on Tues­day by the Egyp­tian Pres­i­dent Ab­del Fat­tah el-Sisi that his coun­try will sup­port Cyprus over mat­ters re­lated to the ex­ploita­tion of hy­dro­car­bons.

The Pres­i­dent of Par­lia­ment told the press he was con­tent with his con­tacts in the cap­i­tal of Egypt dur­ing the last two days. On Tues­day, be­fore leav­ing Cairo, Omirou was re­ceived by the Egyp­tian Prime Min­is­ter Sherif Is­mael and later by Pres­i­dent el-Sisi.

“Fol­low­ing the meet­ings with the Prime Min­is­ter and Pres­i­dent Sisi I want to stress that Egypt stands by Cyprus with de­ter­mi­na­tion, pri­mar­ily when it comes to the strug­gle of Cyprus to end oc­cu­pa­tion and re­store the hu­man rights and free­doms of our peo­ple” Omirou said, not­ing that Egypt sup­ports Cyprus at in­ter­na­tional level, but also in the frame­work of the Or­gan­i­sa­tion for Is­lamic Co­op­er­a­tion and the re­la­tion­ships de­vel­oped in the frame­work of the tri­lat­eral co­op­er­a­tion of Cyprus, Egypt and Greece.

“Pres­i­dent Sisi as­sured me that in the frame­work of the agree­ments signed be­tween the two coun­tries, Egypt is ready to sup­port in ev­ery way Nicosia`s ac­tions” mean­ing, he added, the ex­plo­rations for hy­dro­car­bons which in case

Har­monised in­fla­tion in Cyprus re­mained un­changed at 2,2% in March 2016, con­tin­u­ing a de­fla­tion­ary pres­sures for six­teen con­sec­u­tive months, ac­cord­ing to the Sta­tis­ti­cal Ser­vice Cy­s­tat.

Food and non-al­co­holic bev­er­ages de­clined to 96.62 units com­pared with 99.30 in Fe­bru­ary, while al­co­holic bev­er­ages and to­bacco de­clined to 100.89 units com­pared with 101.73. Cloth­ing and footwear rose to 104.86 units com­pared with 91.71 in Fe­bru­ary.

House prices dropped by -0.6% dur­ing the last quar­ter of 2015 com­pared to the same quar­ter of 2014 and by -4.7% com­pared to the pre­vi­ous quar­ter, as mea­sured by the House Price In­dex, pub­lished by the Euro­pean Union’s Sta­tis­ti­cal ser­vice, the Euro­stat.

At the same time house prices rose by 2.9% in the euro area and by 3.8% in the EU in the fourth quar­ter of 2015 com­pared with the same quar­ter of the pre­vi­ous year.

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