Motor vehicle registrations showed another fall compared with the year-earlier period in Q1 2006. However, the fall was much less steep than in previous quarters and suggests that the fall in registrations is bottoming out. Total registrations of motor vehicles in the first quarter of 2006 decreased by just 0.3% to 12,395 from 12,428 vehicles
More
(CNA) Turkey, a candidate member of the EU, has a lot to do until it becomes an equal EU state and the two million Armenians who are EU citizens have every right and obligation to demand that Turkey pays its historical duty towards them, the Armenian Community of Cyprus’ committee in memory of the Armenian
More
The Republic of Cyprus Electricity Authority of Cyprus will continue to supply Turkish Cypriots with electricity, folowing a meeting this week between representatives of EAC and Turkish Cypriots. Following the meeting, the EAC will provide northern Cyprus with 20 megawatt electricity for May from the 66,000 watt lines in the Orounta area. Turkish Cypriots requested
More
Turkey could attempt to send its obligation to extend the EU customs union to Cyprus as well as other new EU member states to international arbitration, in an effort to prevent a clash with the EU in the autumn. In September/October the European Commission will give its first opinion on Turkey’s progress in accession talks.
More
…but non residents withdraw deposits Advances and loans given by the local banks surged by CYP 171.22 mln to CYP 10.31 bln end of March 2006 on the back of a strong increase in construction related and personal loans, used mostly to finance consumer loans, but deposits fell sharply by CYP 54 mln to CYP
More
International Banking Units operating in Cyprus, popularly know as offshore banks saw their total assets surge by USD 629 mln in February 2006 to USD 18 bln. According to Central Bank of Cyprus figures, compiled by the Financial Mirror, the USD 629 mln in February was on top of USD 165 mln increase recorded in
More