Some progress has been made in the talks for the solution of the Cyprus problem as another meeting between Cyprus President and Turkish Cypriot leader took place on Friday.
Mr. Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci started off the intensified phase of reunifications talks, which provides for two meetings a week.
Furthermore, at their next meeting, the two leaders will discuss the state’s capacity to sign international treaties and the issue of cooperation agreements between the central state and the constituent states.
Taking into consideration the fact that foreign Minister Ioannis Kasoulides was heavily criticized after he suggested that part of the proceeds from the sale of Cyprus’ natural gas could be used to fund the solution, the president also commented on the disputes over using natural gas: “There will be an international campaign to get financial assistance in the event of a solution to tackle the cost of compensation, the cost of resettlement.
It is clear that Turkey must contribute. We will be definitely seeking for international assistance.”
Although the cost of a solution has not been calculated yet, World Bank and International Monetary Fund experts were working to that end.
Mr. Anastasiades added that if there was a need to borrow money, then using a small part of the natural gas proceeds would be a possibility, so that the people would not be burdened with taxes. He also mentioned that the Republic has already decided how the proceeds from the sale of natural gas would be distributed by creating a fund.
What is more, on Monday, the cabinet approved a bill to establish the National Investment Fund to administer future revenue from the sales of hydrocarbons and help reduce public debt.
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