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Cyprus

Christofias Dennounces UDI of Turkish Cypriot Regime

President Demetris Christofias denounced Tuesday the 1983 unilateral declaration of independence (UDI) by the illegal Turkish Cypriot regime, in the northern Turkish occupied areas of Cyprus. Invited to give a message to the people of Cyprus, President Christofias recalled UN...

Cyprus' "Limited" Capability to Help its Greek-Exposed Banks

Cyprus will support its Greek-exposed banks in recapitalizing but only after they have made exhaustive efforts of their own, Finance Minister Kikis Kazamias said that the state's present capacity to help is limited. Kazamias told an economics conference that resorting...

Britain: We Unequivocally Support the Rights of Cyprus to its EEZ

British Foreign Secretary William Hague has said that his country supports fully and unequivocally the rights of Cyprus to its EEZ. He further noted that Britain welcomes the talks that have taken place recently under the auspices of the UN...

Moody's Downgrades Cyprus by Two Notches to Baa3

Rating agency Moody`s has downgraded Cyprus government bond ratings to Baa3 from Baa1, placing the ratings on review for further possible downgrade. The rating agency has also downgraded Cyprus`s short-term rating to Prime-3 from Prime-2 and placed it on review...

Cyprus, Israel to Set Up Committee on Mediterranean Peace

Cyprus and Israel have decided to establish a joint committee on their Mediterranean vision for peace and for the relations between the European Union and all the states in the region. The decision, as CNA reports, was announced Thursday by...

Pissarides: Greek Decision to Hold a Referendum Detrimental for Eurozone

Cypriot Nobel economics laureate Christopher Pissarides has said that Greece decision to hold a referendum on its latest rescue plan will prove to be detrimental for the eurozone. Speaking from London, Pissarides said the new developments created after the Greek...

Cyprus to Cancel Military Exercises

The Republic of Cyprus has decided to cancel ''Nikiforos - 2011'' the military exercise, expecting Turkey to follow suit and cancel its military exercise ''Taurus''. An official press release, issued today, said that the Republic had proposed to the UN...

Cyprus: National Council to Convene on Friday

The National Council, the top advisory body to the President of the Republic on the handling of the Cyprus problem, will convene on Friday. President Demetris Christofias has convened the meeting to discuss developments in the Cyprus issue. The meeting will...

Ministers of Unrecognized Turkish-Cypriot Government Use Republic of Cyprus Passports

Turkish-Cypriot daily Yeni Duzen reports that ministers of North Cyprus possess passports of the Republic of Cyprus despite their public rejection of the Republic of Cyprus. The paper states, "Minister of Foreign Affairs Huseyin Ozgurgun stated at the Turkish Grand...

Christofias: Cyprus EU Presidency will proceed despite Turkish reactions

Cyprus will assume the six monthly rotating EU presidency in July 2012 whether some wish it or not, President of the Republic of Cyprus Demetris Christofias said on Sunday. Speaking during the annual anti-occupation event organized by Morphou Municipality and...