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Fin-Min - Maurer: Meeting at 4.00 pm

25/06/2003 09:55
EU Chief Negotiator, Leopold Maurer and the 20-membered EU team will meet the Finance Minister, Marcos Kyprianou on Wednesday at 4.00 pm to review the indices of the Cyprus economy.

Mr. Kyprianou is expected to submit the latest figures on the performance of the island’s indices and discuss the long-term and short-term goals of the Republic. The Minister will express the government’s intention to submit a new Pre-accession Economic Program for the period 2002-2006 by mid August, which will set out the forecasts on the performance of the Cyprus indices, the goals of the Cyprus economy, as well as the means to achieve the specific goals.

It is noted that the European Union is expected to apply sanctions against Cyprus, in case it does not meet the EU requirements on time. The Parliament must, therefore, approve the relative legislations in the sectors of energy and environment.