The autocephalous Greek Orthodox Church of Cyprus intends to undertake an initiative to clean and restore all churches in the northern Turkish-occupied part of the island.The Primate of the Church Archbishop Chrysostomos B’ will send a circular to representatives of all the churches in the occupied areas inviting them to elect their committees, which with
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Cyprus Foreign Minister George Lillikas, on a three-day working visit to Russia, will meet today his Russian counterpart Sergey Lavrov and other Russian officials to discuss the question of Cyprus and other issues of mutual interest.Spokesman of the Russian Foreign Ministry Mikhail Kaminin has told Russian media that “Russian-Cyprus relations have been traditionally friendly, something
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The European Union recognizes only the Republic of Cyprus as the sole legal government in Cyprus, subject to international law, and as such it acknowledges the Republic’s sovereign right to enter into bilateral agreements, EU Enlargement Commissioner, Olli Rehn, has said.Responding to questions by member of the European Parliament for Synaspismos Dimitrios Papadimoulis, Rehn stresses
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The Committee of Ministers of the Council of Europe has adopted a second interim resolution concerning the execution of a judgment, in May 2001, by the European Court of Human Rights in the case of Cyprus against Turkey.The Court found a number of violations of the European Convention on Human Rights by Turkey in the
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Mayor of Nicosia Eleni Mavrou, in a letter to the organisers of the Fourth World Mayors’ Summit, hosted in Constantinople from April 12 to 15, stresses that the internationally recognised and legal municipal authority of the capital of Cyprus is the Nicosia Municipality and that the invitation sent to her should have been addressed to
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The dollar came under broad pressure and slipped from a six-week high against the yen on Tuesday, as investors took profits ahead of a meeting of Group of Seven finance officials later in the week. The USD has come under renewed pressure, reversing gains posted after the stronger than expected US March payroll release (180k,
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The USD may remain under pressure ahead of the release of the FOMC March 21 meeting minutes on Wednesday. The modest and temporary price action of the USD following the better than expected March employment report shows that positive data surprises are not having a significant impact on the USD. With carry trades very much
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For period January-December 2006 the turnover value index of wholesale trade and Commission Trade recorded an increase of 8.5% compared to the corresponding period of 2005, according to the Statistical Services. In December alone the index it rose by 7.7% compared with November to 172.3. This was much higher than the increase recorded by motor
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By Andreas Petrou Cyprus International Institute of Management  The recent developments in Cyprus banking are driven to a large extent by the banks’ desire to grow through further internationalization in the region. This article addresses the issue of internationalization for the Cypriot banks and suggests actions for increasing their capabilities in this area, given
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By Dr. Jim Leontiades Cyprus International Institute of Management  Compared to the major European countries Cyprus has little in the way of the usual class divisions. We have no hereditary aristocracy. Still less is there the sort of class struggle between a privileged capitalist class and workers as predicted by Karl Marx. Nevertheless, in
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