Japan-EU summit delayed over Cyprus crisis March 23, 2013 - 13:09 AMT PanARMENIAN.Net - A Japan-European Union summit next week that was expected to initiate negotiations on a free trade agreement has been postponed due to the financial crisis in Cyprus, The Associated Press reported. The Japanese Foreign Ministry and EU side said in statements issued Saturday, March 23, that the summit, scheduled for Monday, was put off because the European leaders, President of the European Council Herman Van Rompuy and European Commission President Jose Manuel Barroso, needed to remain in Brussels to work on finding a solution to the financial crisis in Cyprus. Japan and the EU had been expected to announce the launch of negotiations on a bilateral free trade agreement. Cyprus is struggling to raise 5.8 billion euros ($7.5 billion) and meet conditions to secure an international bailout to avert a financial collapse within days.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news U.S. warns Georgia not to side with Moscow against the west  Georgia has been warned by the U.S. not to become an adversary of the west by falling back in line with Moscow.Power of One Dram sums up two-year program with Teach for Armenia Idram Junior also joined the companies during the visit, bringing with it a fascinating intellectual game for childrenMoscow slams EU mission in Armenia for “provocative activity” The EU mission is doing more and more against Armenia’s neighbors Russia, Azerbaijan and Iran, Mikhail Galuzin said.Yerevan Mayor to travel to Paris on May 15-19 The official delegation headed by Yerevan Mayor Tigran Avinyan will travel to Paris from May 15 to 19. |
