Connect to share and comment

Three 'buyers' questioned in Cyprus over Libya oil ship

Two Israelis and a Senegalese national were questioned in Cyprus in connection with an oil tanker loaded from a rebel-held port in Libya, the island's CNA news agency reported Monday. It said police in the coastal city of Larnaca questioned the three on Saturday on suspicion of negotiating to buy crude from the tanker, Morning Glory. A Larnaca court declined to issue arrest warrants as authorities in Cyprus had no evidence that the alleged offence was committed within its territorial waters.

Cyprus swears in new ministers after coalition walkout

Cyprus President Nicos Anastasiades swore in three new ministers Friday and reassigned another in a mini-reshuffle triggered by a walkout by his coalition partner over resumed reunification talks with Turkish Cypriots. The three new ministers are award-winning researcher Philippos Patsalis (health), academic Costas Kadis (education) and economist Marios Demetriades (communications). Former communications minister Tasos Mitsopoulos was moved to defence.

Cyprus scrambling back from the brink of bankruptcy

A year after a financial earthquake shattered years of prosperity in Cyprus, an austerity plan has put the eastern Mediterranean island back on track despite the bitter pill of rising unemployment. On the verge of bankruptcy because of the high exposure of its banks to Greek debt, Cyprus in March 2013 was granted a 10-billion-euro ($13.8-billion) international bailout, almost half of which has now been paid out. The inevitable bank restructuring has thrown many people out of work.

Football: Northern Ireland monitoring Cyprus tie after bomb blast

The Irish Football Association (IFA) are monitoring developments in Cyprus after a referee's car was bombed in the country where Northern Ireland are due to play a friendly on Wednesday. The car of a top Cypriot official, named by the Cyprus Football Association (CFA) as Leontios Trattos, was damaged by a bomb explosion on Friday, leading to the postponement of all First Division fixtures in the country this weekend after referees went on strike in response to the incident.

Cyprus lawmakers to vote again next week on revised, bailout-mandated privatization bill

NICOSIA, Cyprus - Lawmakers in Cyprus will vote again next week on a privatization bill that the country needs to secure the next batch of rescue money and avoid bankruptcy. A bill failed this week amid concerns that workers' rights would not be safeguarded, but revisions were approved Friday. Prodromos Prodromou, the spokesman for the ruling Democratic Rally party, told The Associated Press that lawmakers will convene Tuesday — a day before the deadline set by creditors in order to release a 236 million-euro ($326 million) installment.

Greeks jailed for life over Cyprus gangland slayings

Two Greeks were convicted Friday of the 2012 gangland slaying of five men in the popular tourist resort town of Ayia Napa and given unprecedented life sentences on each count. Four of the victims were working as security guards for businessman Fanos Kalopsidiotis, who police believe was the intended target but who was not in the car targeted in an ambush on a busy weekend night in the main square.

Greeks jailed for life over Cyprus gangland slayings

Two Greeks were convicted Friday of the 2012 gangland slaying of five men in the popular tourist resort town of Ayia Napa and given unprecedented life sentences on each count. Four of the victims were working as security guards for businessman Fanos Kalopsidiotis, who police believe was the intended target but who was not in the car targeted in an ambush on a busy weekend night in the main square.

International creditors begin 3rd assessment of Cyprus' financial rescue program

NICOSIA, Cyprus - International creditors were back in Cyprus on Wednesday to gauge whether the country is living up to the terms of its financial rescue program. Cyprus' third bailout review comes after earlier assessments concluded that the country was on track, but warned that there was no room to slacken efforts.

Cyprus peace prospects dim after Davutoglu visit

The prospects of a resumption of Cyprus peace talks dimmed Sunday after Turkey's foreign minister pressed Greek Cypriots to initiate any breakthrough during a visit to the breakaway north. Turkey's Ahmet Davutoglu called on the Greek Cypriots to make "positive" contributions to revive the UN-backed talks aimed at reunifying Cyprus, in remarks on Saturday before meeting Turkish Cypriot leader Dervis Eroglu.

Cyprus to invite new gas supply bids for domestic energy needs

NICOSIA, Cyprus - Cyprus says it will launch a new round of bids to supply the bailed-out country with natural gas to meet domestic needs until it can tap its own offshore reserves. Energy Minister Yiorgos Lakkotrypis said Friday it will be a seven-year contract with the option of extending it by three more. An earlier round yielded no deal.
Syndicate content