Cyprus News Agency: News in English, 12-02-01

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From: The Cyprus News Agency at <http://www.cyna.org.cy>

CONTENTS

[01] EU funds for youth unemployment

[02] EU satellite named after local student

[01] EU funds for youth unemployment

Speaking during the presentation here of the annual Report of the European Court of Auditors (ECA) for 2010, Kaminara noted that as regards proposals for the re-allocation of certain funds especially for the unemployed young people and the SMEs there will be no re-allocation among the member states.

She added that funds which have not been allocated in each member state and which were directed for other policies they will now be used to address the issue of unemployment among young people and to promote competitiveness mainly among EU SMEs.

Kaminara said that over 90% of European citizens are working to SMEs and therefore our aim is to help this field of the economy. Asked about the results of the Informal European Council held on January 30, Kaminara said that one of the agreements were that there will be immediate sanctions for member states that will not meet goals as regards public debt and deficit.

[02] EU satellite named after local student

Schoolgirl Andriana Yiallourou , 10, won a national drawing competition with her drawing entitled Exploring Space. A total of 800 students, aged 9-11 participated in the competition.

The Minister of Communications and Works Efthymios Flourentzos presented Andriana with her award in a ceremony that took place on Tuesday in Nicosia. He said that the first satellites sent to space in 2011 were given the names of students from Bulgaria and Belgium who won the drawing competitions.

Flourentzos referred to Cyprus participation in the European Space Agency, noting that the academic community in Cyprus and the economy as a whole will mostly benefit from this cooperation.

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