|
|
|
Cyprus News Agency: News in English, 13-01-19
CONTENTS
[01] Agreement on banks` recapitalisation expected in 10 days
[02] Cyprus has largest number of big dams in Europe
[01] Agreement on banks` recapitalisation expected in 10 days
No agreement was reached on the final amount required for the
recapitalization of Cyprus' banks, at Friday's teleconference of the
Steering Committee dealing with the matter, sources told CNA today. The
deadline set for the US-based investment management company PIMCO to
deliver its final report on the amount of capital needs of the Cypriot
financial system expired on Saturday morning.
An agreement is expected to be reached within the next 10 days, the same
sourced added. In a press release issued on Saturday, the Central Bank of
Cyprus points out that the examination of the technical details regarding
the evaluation of capital requirements for the financial institutions
in Cyprus is still underway. The members of the Steering Committee,
which includes representatives of both the Cypriot authorities and the
international creditors of Cyprus (EU, IMF, ECB), will continue their
discussion on the data processed by PIMCO to reach an agreement on the
final amount required.
[02] Cyprus has largest number of big dams in Europe
Cyprus has more large dams in Europe than any other country in the
continent, according to the Minister of Agriculture, Natural Resources
and the Environment Sophocles Aletraris.
In his address at the inauguration of Solea dam, in Nicosia district,
Aletraris said that Cyprus has 56 large dams listed in the International
Commission on Large Dams (ICOLD) and the completion of Solea dam will
increase this number to 57. He also said that the total storage capacity
of these dams stands at 336 million cubic meters approximately, compared
to 6 million cubic meters in 1960. "This is really impressive if compared
with other countries of the same size and level of development as Cyprus,"
he added.
Referring to the current water supplies in dams, he said they amount to
250 million cubic meters, with 86% rate of loading, adding that last year
the same number was 134 million cubic meters with 46% rate of loading.
|
