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Erdogan insists on two-state solution on Cyprus visit
Turkish President Recep Tayyip Erdogan on Monday visited breakaway northern Cyprus and pressed for a two-state solution on the divided island, on his first trip abroad since his inauguration. Erdogan flew in on Turkey's new presidential plane, an Airbus delivered last week that has already been painted in the national colours and dubbed by the press as his "Air Force One". He held talks with ...(9/1/2014 3:05:48 PM)
Deadline looms for Cyprus vote on crucial foreclosures bill
International lenders will withhold the next payment in Cyprus's 10 billion euros bailout unless parliament this week passes a crucial law speeding up foreclosures of non-performing bank loans (NPLs). Around 45 percent of loans by Cyprus banks are classed as non-performing because borrowers are seriously late with their payments, and under current laws it can take banks 20 years to regain the ...(8/31/2014 6:01:50 AM)
Turkish president seeks 2-state deal in Cyprus
NICOSIA, Cyprus (AP) — Turkey's new president says his country will only approve of a deal to reunify Cyprus if it enshrines breakaway Turkish Cypriots as equal partners in a federation with the internationally recognized Greek Cypriot government.(9/1/2014 5:03:48 PM)
MeritKapital becomes a Broker and Clearing member firm of the Cyprus Stock Exchange
LIMASSOL, Cyprus -- via PRWEB - MeritKapital (MK) is very pleased to announce its admittance into the Cyprus Stock Exchange as a "Broker and Clearing member firm". MK is excited with this development ...(9/2/2014 5:37:28 AM)
Deadline looms for buyers of struggling Cyprus Airways
Potential buyers of Cyprus Airways have until Wednesday to submit non-binding offers for the loss-making national carrier, with Ryanair and Aegean Airlines in the running. Ireland's budget carrier Ryanair ...(9/2/2014 10:37:21 AM)
Troubled Bank of Cyprus posts 50 mn euros Q2 profit
Troubled Bank of Cyprus, the island's largest lender, said Wednesday it made 50 million euros ($66 million) net profit in the second quarter, its second successive quarterly gain after seven straight losses.(8/27/2014 3:51:19 PM)
Shareholders approve Bank of Cyprus 1 bn euro issue
Shareholders in Bank of Cyprus, the island's largest lender, Thursday approved a one-billion-euro ($1.34-billion) capital increase from private placement to help it survive following a haircut on deposits last year. BoC announced that 87 percent of shareholders present at an EGM (extraordinary general meeting) approved the capital issue, placing 4.16 billion new ordinary shares at a price per ...(8/28/2014 1:58:08 PM)
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In March 2013 Cyprus made global headlines as a result of the unprecedented bail-out agreement with the “Troika” (European Commission, European Central Bank and the International Monetary Fund) in an attempt to avoid a disorderly default.(9/2/2014 5:47:38 AM)
Cyprus wants non-binding proposals for airline by Aug 29
Cyprus is seeking non-binding proposals to take over national carrier Cyprus Airways by Aug. 29, the island's transport minister said on Monday. The government wants a strategic investor to take over Cyprus Airways, a state-controlled airline which has been making losses for years. Ryanair, Europe's largest budget airline, and Greece's Aegean are among firms which submitted non-binding ...(8/25/2014 9:01:01 AM)
Volokh Conspiracy: Cyprus & the ICC — international reactions
Cyprus is not excited, and Turkey not worried, about an ICC investigation into the latter's alleged war crimes on the island. However, the indifference of human rights groups and other actors is more puzzling.(8/8/2014 2:25:17 AM)
Source: Yahoo