Seasonally adjusted industrial production rose by 1.5% in the euro area (EA19) and by 1.6% in the EU28, ιn November 2016 compared with October 2016, according to estimates from Eurostat.

The UK Foreign Secretary Boris Johnson, who will lead his country’s delegation to the Geneva conference on Cyprus starting later today, has issued a statement ahead of the talks saying that a solution is achievable if all sides are open and flexible.

"Heroic determination" is required for the reunification of Cyprus, the President of the European Parliament Martin Schulz says.

The Conference on Cyprus, which will address the issue of security and guarantees in the framework of the Cyprus talks begins on Thursday in Geneva at 1115 local time and will be opened by the United Nations Secretary-General António Guterres.

The UK is aware of the difficulties at the negotiations on the Cyprus problem but is positive and optimistic about the efforts being made to solve it, a member of the UK delegation who is in Geneva for the Conference on Cyprus has told CNA, adding that "we are trying to make this a success”.

President of the European Commission J.C.Juncker will fly tomorrow morning to Geneva "to try to bridge the points of view of the two parties involved", said to CNA during a Press Conference in Malta on the occasion of the inauguration of the 6 - month EU presidency.

The annual average number of the government labour force in 2016 stood at 48.630, against 48.014 in 2015. Meanwhile, based on data of CyStat, the Statistical Service of Cyprus, there was a decrease in the annual average number of permanent personnel, against an increase in the annual average number of the temporary personnel.

The reduction of the high stock of non-performing exposures (NPEs), the negative interest environment which compresses the banks` profitability as well as the forthcoming amendments in the regulatory framework, consist the three main challenges facing the banking system, the Central Bank of Cyprus said in a report released on Wednesday.

The Hellenic Bank has announced that it has joined forces with APS Holdings, a specialised debt servicing firm, aiming to further boost the management of its real estate and non-performing loans portfolio that amount to €2.4 billion.

There is still hard work to do but the Cyprus talks are on track, UN Special Advisor for Cyprus Espen Barth Eide has said on Wednesday, during a press conference at the Palais de Nations in Geneva.