Michele's Feed
Jun 25, 2014

Cyprus central bank sees shallower 2014 recession than forecast

NICOSIA (Reuters) – Cyprus’s economy could contract less this year than the 4.2 percent expected by the euro zone country’s bailout lenders, its central bank governor said on Wednesday.

The European Union and International Monetary Fund, which will lend Cyprus 10 billion euros under a year-old rescue deal, revised the projected drop in output lower last month from an earlier estimate of 4.8 percent.

Jun 18, 2014

Yield hunt ensures smooth market return for bailed-out Cyprus

LONDON/NICOSIA, June 18 (Reuters) – Cyprus returned to
markets on Wednesday little more than a year after it was bailed
out, with investors snapping up a five-year bond that offered
the highest yield of any comparable euro zone debt.

Its comeback – the fastest of any country rescued by euro
zone peers during the bloc’s debt crisis – comes while capital
controls are still in place following its 10 billion euro EU/IMF
bailout, which also imposed losses on bank depositors.

Jun 10, 2014

Cyprus names lead managers for first post-bailout bond

NICOSIA, June 10 (Reuters) – Cyprus appointed lead managers
on Tuesday to arrange its first post-bailout bond, underpinning
its ambitions for a swift comeback to international markets just
a year after teetering on the verge of bankruptcy.

The Cypriot finance ministry said it had mandated Deutsche
Bank, Goldman Sachs International, HSBC, UBS Investment Bank and
VTB Capital to handle briefings for investors. A
euro-denominated transaction may follow, subject to market
conditions, the finance ministry said.

May 29, 2014

Cyprus’s first gay pride march will highlight lack of rights

NICOSIA (Reuters) – Cyprus’s first Gay Pride march on Saturday will highlight the lack of legal rights for lesbian, gay, bisexual and transgender (LGBT) citizens 16 years after homosexuality was decriminalized.

Gay couples in Cyprus do not have the same rights to social housing and other benefits as heterosexuals and miss out on other entitlements such as being consulted over medical treatment if a partner is ill.

May 22, 2014

Biden says solution to division of Cyprus may be in reach

NICOSIA, May 22 (Reuters) – U.S. Vice President Joe Biden
said on Thursday rival leaders in divided Cyprus had agreed to
speed up slow-moving peace talks to heal one of Europe’s most
intractable rifts.

Biden, the most senior U.S. official to visit the island in
more than half a century, said he hoped a solution could be “in
reach” to a dispute that for decades has kept Greece and Turkey
at loggerheads and their ethnic kin in Cyprus estranged.

May 17, 2014

Cyprus lenders say recession not as bad as expected

NICOSIA (Reuters) – International lenders anticipate a shallower recession in Cyprus this year as private consumption continued to drive the economy, authorities said on Saturday, holding out the possibility of an earlier than envisaged return to international markets.

Lenders concluded their fourth mission to the island and said an economic adjustment program was on track, Finance Minister Haris Georgiades told reporters.

May 13, 2014

Denmark, taking delivery of chemical arms, urges Syria to speed process

ABOARD THE ARK FUTURA, EASTERN MEDITERRANEAN, May 13 (Reuters) – Denmark, providing one of two container vessels taking delivery of Syrian chemical weapons for destruction, urged Damascus on Tuesday to expedite the process and said it could not wait beyond a June 30 deadline.

Syria missed several interim deadlines for relinquishing its toxic stockpile, although most of the declared amount has now been removed or destroyed, and Western officials are concerned about discrepancies and ambiguities in Syria’s inventory declaration that could leave some of its arsenal intact.

Apr 23, 2014

Cambodian experts deactivate mudslide minefield in Cyprus

MAMMARI, Cyprus (Reuters) – Landmines are meant to lurk underground for years until someone steps on them, but United Nations deminers in Cyprus have now found some that have moved about 50 meters (yards) since being buried almost 40 years ago.

Cambodian experts investigating a minefield that moved in a mudslide in late 2012 have found the first migrating anti-tank mine in an area some 15 km (9 miles) west of Nicosia, Colonel Angus Loudon, chief of staff at the United Nations peacekeeping force in Cyprus (UNFICYP) said on Wednesday.

Apr 18, 2014
via FaithWorld

Greek Christians hold rare Good Friday liturgy in Turkish north Cyprus

Photo

(A Greek Orthodox bishop and an Islamic cleric attend a Good Friday liturgy at the Church of St. George Exorinos in Famagusta, northern Cyprus, April 18, 2014. REUTERS/Andreas Manolis )

Hundreds of Greek Orthodox pilgrims, some coming home after 40 years of forced exile, commemorated the crucifixion of Jesus in a rare Good Friday service in northern Cyprus on Friday.

Apr 18, 2014

Greek Christians mark rare Good Friday in Turkish north Cyprus

FAMAGUSTA, Cyprus (Reuters) – Hundreds of Greek Orthodox pilgrims, some coming home after 40 years of forced exile, commemorated the crucifixion of Jesus in a rare Good Friday service in northern Cyprus on Friday.

Held in this medieval walled city in the Turkish part of the divided island, the ceremony at the 14th-century St. George Extorinos church was the idea of local authorities who invited the faithful from the Greek part of the island to visit.