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, [...]
Tag Archives | Cyprus
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 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, [...]
Cyprus Partly Eases Capital Controls
Cyprus has further eased capital controls imposed last month to prevent a run on deposits, raising the threshold for transactions that do not require prior approval by the central bank, the finance ministry said on Thursday. With the latest decree, Cyprus has permitted transactions up to 500,000 euros [$650,300] domestically without prior vetting, the ministry [...]
German Parliament Backs Cyprus Bailout
Germany’s lower House of Parliament voted overwhelmingly on April 18 to grant Cyprus a 10 billion euros ($13 billion) bailout to keep the island country’s economy and banking system from collapsing because of bad loans and over exposure to Greek bonds that were devalued 74 percent. Of the 602 lawmakers in the Bundestag chamber, 487 [...]
Dunant Hospital Awaits Buyer’s Decision
Henry Dunant Hospital, which was once one of the best hospitals in Greece, is now facing bankruptcy. On April 17, it was to be decided whether the hospital will be sold to a private buyer-investor. The hospital was expected to cease its function, but officials have decided against it. The prospective buyer will have to [...]
Cyprus, Israel in Joint Exercise
The Ministry of Defense in Cyprus announced that in the context of the cooperation between the Republic of Cyprus and the State of Israel in matters of search and rescue within the Exclusive Economic Zone and the areas of responsibility for search and rescue of the two countries, a joint search and rescue exercise will [...]
Konstantina Sues Cyprus On Confiscation
Lawyer Yiannakis Ioannou revealed on a Cypriot TV channel that the famous Cypriot singer Konstantina is going to take legal action against the Republic of Cyprus over bank deposits that will be confiscated as part of a government scheme to get international aid. Up to 80 percent of deposits of more than 100,000 euros ($130,000) [...]
Cacoyannis Foundation Voices Solidarity
The Foundation Michael Cacoyannis (MCF) is about to launch an important initiative, A Minute’s Voice (Enos Leptou Foni) on April 5 and 6. Sixty Greeks from the field of culture, education and intellectuals in general will send a message to support Cypriot citizens after the recent developments on the island. Cacoyannis was born on June [...]
Design Society Against Crisis
The students of the Design Society of the Department of Design & Multimedia, University of Nicosia are organizing a photography, poster and animation charity exhibition with the theme, Against Crisis. The opening of the exhibition will take place on April 11, at the Scarabeo bar in Nicosia. The exhibition will run until April 19. In [...]
Cypriot Bank Chief Says Money Won’t Flee
While Cyprus is keeping a tight rein on depositors and limiting how much they can take out of the bank, apart from those who apparently have found a way around capital controls, the risk of a run on the banks is over despite confiscation of up to 80 percent of those with more than 100,000 [...]
Is Cyprus a Victim of Institutional Discrimination?
The “pundits” in the Eurogroup that devised the “plan” to “save” Cyprus by confiscating people’s money directly from their bank accounts, said and keep saying that the measure is not going to serve as a template for other European Union countries facing similar problems and that Cyprus was a unique case that required an one time [...]
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Calendar – Exhibits, Concerts, Fun
- Greek-By-Choice Pedro Olalla Honored May 20, 2013
- AHEPA Day Celebration Hosted In Athens May 20, 2013
- Greek Gastronomy Days At Benaki Museum May 20, 2013
- Open Call for Greek Designers May 19, 2013
