Cyprus News Agency: News in English, 13-07-18

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

CONTENTS

[01] Government receives 25.6 mln euro from company fee

[02] Greece and Cyprus to tackle problems together, Greek Parliament

official says

[03] Sacrifices are evenly shared in Cyprus, says ILO official

[01] Government receives 25.6 mln euro from company fee

A total of 73,267 companies which are registered with the Department of the Registrar of Companies and Official Receiver of the Cyprus Republic have paid, up to July 11, the annual fee of 350 euro.

According to data obtained by the Cyprus News Agency from the Department of the Registrar, the number of companies which have so far paid the fee, amount to 27% of the total number of the 273,573 companies that are registered with the Department. CNA has learned that many of the 273,573 companies registered in Cyprus have expressed their intention to be waived.

[02] Greece and Cyprus to tackle problems together, Greek Parliament official says

Drivelegkas, who is in Cyprus to take part in commemorative events, condemning the 1974 coup and the Turkish invasion, was received Thursday morning by the President of the Republic Nicos Anastasiades. He conveyed to the President the messages of support from the Speaker of the Hellenic Parliament and the Greek Prime Minister.

In statements after the meeting, he noted that Greece and Cyprus are facing similar problems and added that both sides are optimistic that "we are going to make it". "Hellenism has proven in the past that it has the ability to overcome the crises it faces" the Deputy Speaker said, adding that "we believe that the same will happen this time as well".

[03] Sacrifices are evenly shared in Cyprus, says ILO official

He has also warned that if nothing gets done to combat youth unemployment, southern European countries, Ireland but also the core European countries, such as France and Germany, would be affected. In an interview with CNA, Torres says that the shock is recent in Cyprus so the financial fallout may still affect for a period of time the economy, noting that Cyprus' recovery also depends very much on what happens in other European countries and at global level.

"Unlike what happened in other European countries, apparently there have been no firm measures to deregulate the labour market or downgrade collective bargaining. I think this is a positive point, maybe it's a lesson from what has been done in other countries. What Cyprus and other countries need is social cohesion and balanced measures.

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