The US Embassy in Nicosia denied on Monday it had any intention of establishing a US naval base in northern Cyprus, following reports in local newspapers. “A recent Turkish Cypriot press article indicated that the U.S. intends to establish a naval base in the north for its 6th Fleet ships. There is simply no truth
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Cyprus and Russia will seek to enhance commercial relations following the visit by Cypurs President Tassos Papadopoulos, Commerce Minister Geroge Lillikas and Foreign Minister George Iacovou to Russia this week. Papadopoulos reported that Russian President Vladimir Putin had asked his aides to conclude some bilateral agreements that were still pending. Russian business already plays an
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In a rare episode for Cyprus, Cypriot tennis player Marcos Baghdatis beat Ivan Ljubicic at the quarter finals of the Australian Open on Tuesday, by beating him in five sets: 6:4, 6:2, 4:6, 3:6, 6:3. In a tense finish, Baghdatis, who took the first two sets, but lost the second two, beat Ljubicic in the
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CSE gains 16.4% year-to-date FBI ad PES announce dividends Bank of Cyprus shares continued their spectacular advance on Tuesday, surging another 1.3% on the day to a record finish of CYP 3.05, the highest in five years, and bringing the year-to-date gains to 16%. In brisk trading on Tuesday, the BOC shares jumped to CYP
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Cyprus President Tassos Papadopoulos has called for more of the five permanent members of the UN Security Council to get involved in the Cyprus problem, presumably in the hope that he can dilute the influence of Britain and the US, which Greek Cypriots normally view as being pro-Turkish. The other three permanent members are Russia,
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The Central Bank of Cyprus has announced that during the auction conducted on 19 January 2006 for the acceptance of deposits of 14-day duration, bids amounting to CYP 604.0 million were submitted, and an amount of CYP 380.0 million was absorbed at a weighted average allotment rate of 2.41%. The minimum and maximum allotment rates
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