Cyprus News Agency: News in English, 12-05-14

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

CONTENTS

[01] President Christofias says he will not seek re-election

[02] Cyprus sold 467 million in 13-week and 30-day T-bills

[03] Evaluation of hydrocarbon bids based on existing legislation,

Minister says

[04] Thalassaemia treatment research project partners to meet in Nicosia

[01] President Christofias says he will not seek re-election

During a state address that lasted 15 minutes, the President said that taking as a fact that the Cyprus problem has not been solved and that a pragmatic approach leads to the fact that no definite progress will take place in the next few months, he has decided not to seek re-election.

[02] Cyprus sold 467 million in 13-week and 30-day T-bills

According to a press release issued by the Finance Ministry`s Public Debt Management Office, Cyprus auctioned 13-week T-bills with nominal value of 150 million euro and received competitive and non-competitive offers worth of 258 million euro which represents an oversubscription of 182%.

The Ministry said it accepted all offers with an average yield of 4.38%.

[03] Evaluation of hydrocarbon bids based on existing legislation, Minister says

Sylikiotis noted he referred all offers on Friday to the Chairwoman of the advisory committee, charged with the evaluation of bids, who is also the Permanent Secretary of the Ministry of Commerce.

The Minister was commenting on a pending legal process at the Cyprus High Court, concerning the law on the research, exploration and exploitation of hydrocarbon reserves in Cyprus' Exclusive Economic Zone.

Sylikiotis said that the advisory committee has been set according to the provisions of the existing legislation and will carry out the evaluation soon.

[04] Thalassaemia treatment research project partners to meet in Nicosia

The DEEP project which is financed by the European Commission has been developed with the specific intent to integrate the existing information on deferiprone use in children 2-10 years old, thus covering the lack of knowledge and providing a valid support to the use of the drug in children of all ages.

The aim of this application is to provide data on pharmacokinetics, efficacy and safety of deferiprone in 2-10 years old children in order to produce an approved Paediatric Investigational Plan to be used for regulatory purposes.

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