The leaders will have in total three more meetings before a tripartite meeting with UN Secretary General Ban Ki Moon in New York end of this month.
Current peace process was started in 2008 where the Turkish Cypriot and Greek Cypriot previous and current leaders held over 100 meetings.
The aim of the talks is to reach bi zonal, bi communal federal state based on two founding states with political equality.
President Dervis Eroglu will be briefing the People's Council represented by scores of NGO's and associations about the latest developments at the negotiations on Saturday. The President also informed the leaders of political parties about the latest development before the New York summit at the Presidential Palace last night.