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Assurances that Funds on Cyprus Remain Frozen

Ljubljana, 1 September - CYPRUS/DEPOSITS
Security of funds of the former National Bank of Yugoslavia that are deposited at a Belgrade Bank branch office on Cyprus were the central topic of a two-day visit by a Slovene delegation on Cyprus, state undersecretary at the Ministry of Foreign Affairs, Andrej Žlebnik, told a news conference on Monday. Žlebnik and vice-governor of the Bank of Slovenia, Andrej Rant, held talks on August 28 and 29 with Cypriot foreign minister and national bank governor who gave assurances to Slovene officials that funds remained frozen and made unavailable to the Belgrade Bank until legal proceedings were over. They stressed that Cyprus was obliged to respect the UN resolution no. 1022 and the Badinter commission's recommendations regarding the break-up of the former Yugoslavia. They also said that the Cypriot government and the central bank were obliged to respect the opinion to be given by the Cypriot attorney general.

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