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Cyprus

Logo of the Cyprus Presidency of the Council of the EU Unveiled

A ship hoisted sails as of Wednesday steering for a new journey, having as its destination the heart of Europe, carrying with it the spirit and enthusiasm for the first Cyprus Presidency of the Council of the EU. This ship/bird...

Cyprus: Noble Energy Discovers Natural Gas Reserve

Noble Energy has discovered a vast natural gas reserve which exceeds the demands of both Greek Cyprus and Israel combined, Anatolia news agency reported yesterday. Noble has been drilling to find natural gas deposits in the 12th block known as...

Turkish Cypriots Say that There΄s a Plan B if Unity Talks Fail

Turkish Cypriot authorities are preparing a unilateral "Plan B" for northern Cyprus should long-running talks on reunifying the divided Mediterranean island founder, according to a senior envoy for the breakaway state. According to Reuters, Kudret Ozersay did not elaborate what...

Orphanides Says Cyprus Economy at Critical Juncture

Cyprus must not waver from the path of austerity if its economy is to emerge with a clean bill of health from the vicious cycle in which it is trapped, the outgoing head of its central bank said on...

Cyprus Government Describes Oil Drilling in Famagusta as Illegal

The Cyprus Government has described the drilling for hydrocarbons in the Turkish occupied area of Famagusta "illegal," noting that this action demonstrates Ankara’s and Turkish Cypriot leadership’s lack of will for a solution to the Cyprus problem. Government Spokesman Stephanos...

Athens Court Finds Defendants Guilty in Helios Air Crash

A Greek court sentenced four employees of Helios Airways, a defunct Cyprus budget carrier, on Friday for their part in a 2005 plane crash in which 121 people died after being deprived of oxygen. The Athens court verdict came despite...

Sultan of Oman Spends Vacation in Cyprus

Sultan of Oman Qaboos bin Sa'id arrived in Cyprus with his private jet, this time not to cut business deals but to spend some vacation time. The Sultan booked two floors of hotel “Le Meridien” in Limassol until the end...

Cyprus Fully Respects Places of Worship of Turkish Cypriots

The Government of Cyprus rejects and denounces the Turkish Cypriot side’s attempt to politicize a fire that was set to the Haji Ibrahim Aga mosque in Limassol, Government Spokesman Stephanos Stephanou underlined on Tuesday. Stephanou said that the fire was...

Cyprus: Turkish 'Plan B' Violates UN Resolutions, Spokesman Stresses

Cypriot government spokesman Stephanos Stephanou said that Plan B for a solution to the Cyprus issue that Ankara is advertising is against international law and violates UN resolutions. Stephanou made the remark after being invited to comment on a report...

Cypriot Bank Losses From Greek Bond Swap "Manageable"

Losses incurred by Cypriot banks from a Greek debt restructuring are "manageable" and Cyprus is ready to support its lenders, if needed, European Central Bank governing council member Athanassios Orphanides said Thursday. Orphanides, who is also the governor of the...