Archive | Cyprus RSS feed for this section

Canadian Firm Interested in Searching for Gold in Village Near Paphos

Canadian Northern Lion Gold Corp. is awaiting the corresponding approval by the Vancouver Stock Exchange to proceed with signing a six months agreement with six women from the village of Armino, in Paphos, Cyrpus. The agreement will allow the Canadian company to search for gold in the tract of land belonging to the six women, [...]

Cyprus Airways Goes on Sale

Cyprus’s government has given the green light for Cyprus Airways Ltd. to increase its capital, and authorized negotiations for the sale of an unspecified stake of the state-run carrier to investors, as ‘Bloomberg’ reports. “Within the context of government policy to support Cyprus Airways, given its role especially for the Cypriot economy, the Cabinet reaffirmed [...]

Pantelis Voulgaris Expresses Wish to Shoot Film on Cyprus

On the occasion of the Greek Letters Day and before a full hall in the Univeristy of Cyprus, Greek filmmaker Pantelis Voulgaris has expressed his wish to shoot a film on Cyprus. The Greek filmmaker pointed out his love for Cyprus and highlighted the symbolic Cypriot participation in the production of his film “Deep Soul”. [...]

Cyprus House President Wants Action Taken Regarding Alexander Downer’s Statements Undermining Cyprus

The House of Representatives has asked the UN Secretary General to act in order to restore the impartiality of his special advisor on Cyprus, who has recently come under fire from political parties with regard to statements which were seen as undermining the Republic of Cyprus. House President Yiannakis Omirou has called on UN Secretary-General [...]

Author Michalis Michael Expresses New Ideas Concerning Conflict of Cyprus

Those looking for a new read on the Cyprus conflict might be interested in Resolving the Cyprus Conflict, presented this week at the University of Nicosia. Michalis Michael, the deputy director at the Centre for Dialogue in Australia’s La Trobe University, presented his book on Monday with guest speakers AKEL MEP Takis Hadjigeorgiou, DISY MP [...]

‘Cultural Intervals’ Photography Exhibition by Ambassador Vassilis Papaioannou

Over 100 photos taken by Greece’s Ambassador to Cyprus Vassilis Papaioannou during his diplomatic career are currently on display in Nicosia. Entitled Cultural Intervals, the exhibition is organised with the assistance of the Cyprus Photographic Society and will only be on display at the Melina Mercouri Hall until Saturday, leaving visitors just a precious few [...]

Cyprus Block 12 Characterized as “World Class” Gas Field

Noble Energy’s Vice President Terry Gerhart described the natural gas field of Block 12 in Cyprus EEZ as “world class, and of very large accumulation”. Mr. Gerhart had a meeting earlier on Thursday with President Christofias, in which the latter was informed on the progress of the drilling in Block 12. “Everyone is aware we [...]

Patriarch Theophilos of Jerusalem to Visit Cyprus

Patriarch Theophilos of Jerusalem will be paying an official visit to Cyprus, from February 10th to the 13th, at the invitation of Archbishop Chrysostomos of Cyprus. According to a notice, the Patriarch of Jerusalem will land in Larnaka Airport on February 10, and later on in the morning the delegation will be officially welcomed at [...]

Greece Sees Record Rise in Unemployment in 2011

Greece, Cyprus and Spain are the EU countries seeing the highest rise in unemployment at the end of 2011 compared with the same period in 2010. This was seen in Eurostat data, which showed that Greece had the highest rate, with 13.9% unemployed in October 2010 and 19.3% in October 2011. Then came Cyprus (from [...]

Government Looks for Strategic Investor for Cyprus Airways

Government Looks for Strategic Investor for Cyprus Airways

Government Spokesman Stephanos Stephanou has said that the government is aiming to find a strategic investor for Cyprus Airways, the island’s national air carrier. Asked whether the government would sell the majority stake it holds in Cyprus Airways to a strategic investor, Stephanou said that the Ministry of Finance, in cooperation with Cyprus Airways, are [...]

Julio Iglesias to Sue North Cyprus After Being ‘Deceived’ into Accepting Kyrenia Gig

Celebrity singer Julio Iglesias is suing the breakaway state for $10 million in damages due to claims he had been “deceived” after being invited to do a gig in occupied Kyrenia, reports say. Iglesias was invited to perform at Merit Crystal Cove Hotel in Kyrenia, but cancelled in October 2010 after intense Greek Cypriot opposition. [...]

Fitch Downgrades Cyprus, Italy, Spain, Ireland, Belgium, Slovenia

All the ratings have been removed from RWN, with the Negative Outlook on all six countries indicating a slightly greater than 50% chance of a downgrade over a two-year time horizon. The eurozone ‘AAA’ country ceiling has been affirmed for all six sovereigns