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.
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.
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.
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.
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.
For the first time in more than half a century, a church in northern Cyprus will host Good Friday mass in a sign of a thaw in relations between Greek and Turkish Cypriots.
NICOSIA (Reuters) – President Nicos Anastasiades said discovery of natural gas around Cyprus could galvanize international efforts to resolve a long-standing division of the island and smooth development of an alternative energy supply source to Russia.
But he said it was too early to speak of tangible progress in recently relaunched peace talks on the ethnically split island. Deep differences persisted between rival Greek and Turkish Cypriots that have defied the efforts of diplomats and politicians over four decades.
NICOSIA (Reuters) – Cyprus expects to return to international markets late next year but cannot rule out testing the waters earlier to gauge the appetite for Cypriot debt, the president of the bailed-out Mediterranean nation said on Wednesday.
In an exclusive interview with Reuters, Cypriot President Nicos Anastasiades said an “economic dependency” on Russia – common with other EU member states – could have an impact should the bloc decide to tighten sanctions on Moscow in its standoff with Ukraine.
NICOSIA (Reuters) – Any escalation in the Ukraine crisis poses a threat to Cyprus’s economy, the outgoing governor of the country’s central bank said in an interview, noting that he expects the bailed-out euro zone member to return to growth in 2015.
Panicos Demetriades, who participated in talks which saved Cyprus from bankruptcy a year ago, said lenders underestimated the resilience of the island’s economy, one of the smallest in the 17-member currency zone. He also said he anticipated capital controls could be fully lifted this year.
NICOSIA, March 11 (Reuters) – Cyprus’s auditor general was
appointed on Tuesday to head the island’s central bank,
replacing an academic who quit amid acrimony with the government
over a chaotic international bailout last year.
Chrystalla Georghadji, whose hard-hitting annual reports on
lapses in public administration have been the bane of several
governments, takes up her post on April 11, after outgoing
governor Panicos Demetriades works out his notice.