Cyprus

Offshore natural gas could dramatically change Greece's fortunes, should early estimates of €464 billion worth of reserves be confirmed, according to a study presented to Prime Minister Antonis Samaras and seen by Reuters. The study, collating existing scientific data, says...

Cyprus wants to avoid a painful recession like Greece is going through as it continues talks with the European Union and International Monetary Fund on bailout terms, President Demetris Christofias said. “You’ve already lived through it but we don’t want...

Cyprus President Demetris Christofias has stressed that the struggle for a peaceful settlement of the Cyprus problem, by political means, on the basis of UN relevant resolutions and High Level Agreements continues. In statements he made after the military parade...

Three Greek Cypriot police officers were detained by Turkish troops yesterday after they entered the buffer zone near the village of Dhali while chasing a Turkish Cypriot vehicle whose driver failed to stop for a check. The incident happened at...

Eurozone authorities are preparing a broad, multiple-nation bailout package including a modified program for Greece, a second bailout for Spain and an initial program for Cyprus, Germany΄s Financial Times Deutschland reported over the weekend, citing Eurozone sources. Fresh support measures...

The UN mediator on Cyprus, Alexander Downer, seeking to end a four-decade diplomatic deadlock, said Greek and Turkish sides now had strong economic reasons to agree a reunification that could help ease debt problems and speed exploitation of disputed...

Ever since the Turkish military invasion of 1974, which divided the island in two, the people of Cyprus have been unlucky, especially with their leadership. They have systematically been indoctrinated by a political elite not to resist political subjugation:...

The European Commission has temporarily approved a 1.8 billion euros ($2.33 billion) recapitalization of the troubled Cyprus Popular Bank and has given Cyprus six months to present a plan of reconstructing the institution before the EU decides on whether...

Economically-strapped Cyprus, looking for bailouts, will reportedly get a 5 billion euros ($6.28 billion) loan from Russia, with which Greek Cypriot President Demetrias Christofias, a Communist educated in Moscow, has good ties, but the government has refused to confirm...

Cyprus will remain in recession in 2012, its finance minister said on Monday, with economic output retreating by up to 1.5 percent in the euro zone member state which recently sought a bailout. Vassos Shiarly, Cyprus΄s finance minister, also said...