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Joint Declaration by the Ministers of Energy of Cyprus, Egypt and Greece - 25/11/2014
The Minister of Energy, Commerce, Industry and Tourism of the Republic of Cyprus, Mr Yiorgos Lakkotrypis, the Minister of Petroleum and Mineral Resources of the Arab Republic of Egypt, Mr Sherif Ismail, and the Minister of Environment, Energy and Climate Change of the Hellenic Republic, Mr Yiannis Maniatis, met today, in Nicosia, and had a substantial and results-oriented discussion on the prospects of closer cooperation between their respective Governments in the energy sector.

The meeting of the three Ministers constitutes the first follow-up trilateral Ministerial meeting between the three Governments, after the landmark Cairo Summit of November 8th, which was held at the Heads of State/Government level. In this respect, the three Ministers reiterated their countries’ common position as reflected in the trilateral summit Cairo Declaration and expressed their common desire to build on the momentum of tripartite cooperation between their respective Governments, in line with the Cairo Declaration of 8th November.
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Written Statement on the upgrade of Cyprus’s bond rating by the Moody’s Credit Rating Agency - 15/11/2014
The Government welcomes the upgrade of Cyprus’s bond rating by the Moody’s Credit Rating Agency which follows the recent successive upgrades of the economy of Cyprus by Credit Rating Agencies.

In particular, the Government considers of great importance the fact that the key drivers of the upgrade of the economy of our country were “the consolidation of the government's fiscal position, as illustrated by an expected return to a primary budget surplus from 2014, and the expectation that public debt relative to GDP will level off in 2015,” as well as “the stabilization of Cyprus's financial sector through the recapitalization of troubled banks,” which lowers the risk that bank-related contingent liabilities will crystallize on the government's balance sheet.
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CYPRUS FACT SHEET - November 14, 2014

Landmark European Parliament Resolution

A resolution strongly condemning Turkey’s illegal and provocative actions in Cyprus’ Exclusive Economic Zone was adopted by the European Parliament on 13 November calling upon the country to respect the rule of law and the sovereignty of the Republic of Cyprus. The Resolution 2014/2921 adopted by the European Parliament is as follows:
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Results of the comprehensive assessment of the significant Cyprus credit institutions
The comprehensive assessment of the Cypriot significant credit institutions (Bank of Cyprus, Hellenic Bank, Co-Operative Central Bank and RCB Bank) was conducted in the framework of the comprehensive assessment of 130 banks across Eurozone by the European Central Bank (ECB). The aim of the comprehensive assessment, which was carried out in the context of the preparation for the taking over by the ECB of the direct supervision of significant banks within Eurozone as from 4 November 2014, was:

- Transparency: The improvement in the transparency through the improvement in the quality of the available information on the financial condition of each bank.
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Date of publication: Sunday, 9 November 2014

Cyprus, Greece and Egypt inaugurated a new period of cooperation on Saturday, by signing the Cairo Declaration, which includes strong references for the Cyprus issue and the Turkish provocations in Cyprus` Exclusive Economic Zone (EEZ). Please find below the Declaration as it was issued:
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