The trip exhibition 2013 reopens its gates on May 17 for the 16th consecutive year. The exhibition will be inaugurated by the Cypriot Minister of Energy, Commerce, Industry and Tourism, George Lakkotrypis, at 5 p.m. in the showroom of the Cyprus State Fairs Authority. The chairman of ACTA (Association of Cyprus Travel Agents) Victor Mantovani, [...]
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Cyprus Eliminated From Eurovision Final
Unfortunately, Cyprus has been excluded from this year’s Eurovision’s grand final which will be held on May 18, in Malmö, Sweden. Despina Olympiou performed, An me thimasai (If you remember me) and ranked fourteenth in the first semifinal. The song did not enter the top ten and was among the six excluded from the semifinal [...]
Detained Greeks Released From Occupied Cyprus
Three Greeks who were being held in the Turkish-occupied territory of Cyprus have been released, the Greek Foreign Ministry said. The three Greek citizens were detained after being accused of having unlawfully entering the Turkish territories being held in defiance of international law. There is a crossing point in the capital of Nicosia. After the [...]
EU OK’s $9.72B In Greek Loans
Greece got better news than expected when a meeting of Eurozone finance officials reportedly agreed to approve the release of two loan installments totaling 7.5 billion euros, some $9.72 billion, sources told the newspaper Kathimerini. Finance Minister Yiannis Stournaras was at the meeting. The paper said that the okay came early on as the meeting [...]
Cyprus Exempts 4 Foreign Banks From Controls
With Cypriots still barred from taking out more than 300 euros ($390) per day from bank accounts as part of capital controls imposed by the government, four foreign banks have been exempted and will be allowed no-limit money transfers and withdrawals for international clients, although domestic accounts will still be capped for now. Cyprus imposed [...]
Kasoulides Says Cyprus EU’s “Experiment”
Cypriot Foreign Minister Ioannis Kasoulides said the 10 billion euros ($13 billion) bailout being put up by international lenders at a big cost to the government and Cypriot society, including the confiscation of up to 80 percent or more of bank accounts over 100,000 euros ($130,000) was designed to punish the country and a “warning” [...]
IMF Says No Greek Debt Restructure
On the heels of issuing a report praising Greece’s progress in reforms but criticizing its failure to go after tax cheats, the International Monetary Fund (IMF), one of Greece’s international lenders, does not expect a restructuring of the Greek debt any time soon, IMF spokesman Gerry Rice said. “We do not envision any new (debt) [...]
Cypriot Unemployment Rate Holds High
There are now a reported 45,021 unemployed people in Cyprus with expectations the numbers will go a lot higher as the island undergoes harsh austerity measures in return for a 10 billion euros ($13 billion) international bailout to keep the economy from going under. According to data released by the Regional Employment Offices in Cyprus, [...]
Cyprus Gets Loan Break From Russia
Despite tension that flared when Cyprus said it would confiscate up to 80 percent of the deposits in state banks over 100,000 euros ($130,000) which particularly hit Russian investors, Russia has agreed to to allow two more years for repayment on a 2.5 billion euros ($3.26 billion) loan and lower the interest rate from 4.5 [...]
Cyprus Labor Day in the Era of the Memorandum
Cyprus celebrated Labor Day in the new era of the Memorandum, under conditions that will change citizens’ daily lives and will turn established rights and claims into a distant memory. Society, with melancholy watches a future that is lost and a present with no return. Under the shadow of the Memorandum, unemployment and financial problems, [...]
Mideast Buyers Grab Occupied Cyprus Properties
Despite negative expectations for business in the Turkish-occupied part of Cyprus, mostly due to legal impediments arising from the lack of title deeds, investors from the Middle East are taking a chance and snapping up properties hoping there won’t be any European court decision returning to their rightful Greek Cypriot owners. Among the prospective investors-buyers [...]
Cypriot Lawmakers Narrowly OK’s Bailout
The Cypriot Parliament, by the slimmest of margins, 29-27, gave approval on April 30 to an international bailout package that critics said will condemn the island country to years of hardship, recession and unemployment – but which the government said would save it from bankruptcy and chaos. President Nicos Anastasiades’ ruling center-right Democratic Rally party [...]
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Calendar – Exhibits, Concerts, Fun
- Edessa Cherries, Wine For Gastronomy Fair May 17, 2013
- Greek Choreographers Festival In Thessaloniki May 17, 2013
- Greece Celebrates International Museum Day on May 18 May 17, 2013
- Taxidi Exhibit 2013 Opens in Cyprus May 16, 2013
