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Greek Cypriot goods will be allowed into northern Cyprus for sale following a decision by the Turkish Cypriot administration’s council of ministers on Wednesday. Spokesman Huseyin Celal said that the list of goods that could be traded would be announced by the administration’s economy ministry, while sources at the Turkish Cypriot Chamber of Commerce told

Britain appoints new High Commissioner

Published on 2nd March 2005

Cyprus

Peter Millet has been appointed British High Commissioner to Cyprus in succession to Lyn Parker who will be transferring to another Diplomatic Service appointment, an official announcement said Thursday. Millet, 50, will take up his appointment in June. He was until recently Head of Security at the Foreign and Commonwealth Office in London and served

ECB holds rates steady

Published on 2nd March 2005

Business

The European Central Bank’s Governing Council made no change in interest rates for the 12-nation euro area at its meeting on Thursday March 3. The main refinancing rate–the minimum bid rate on refinancing operations–remains at 2.00%, while the marginal lending facility remains at 3.00%. Few expected interest rates to rise, following data showing the euro-area