In a continuing attempt of Turkey to challenge sovereignty of Cyprus according to Phileleftheros newspaper, Turkish Air-force sent 2 F-16 fighters to intercept a small survey aeroplane which was taking photos on behalf of Republic of Cyprus Land Registry in the Akamas area. The survey plane was leased by the Republic from an Israeli company […]
CYTA (Cyprus Telecommunications Authority) and EAC (Electricity Authority of Cyprus) are the first two semi-government organisations that will be privatized. In order to make the organisations more efficient and subsequently more favourable for sale a number of their employees are to be laid off voluntarily and compensated. The parliament is called to approve an updated […]
A new proposal will be submitted today at the Cabinet meeting for lowering the monetary criteria for naturalization of investors. With the current criteria citizens of non-EU countries who invest 5 million euro in Cyprus and additionally buy residential property for at least 500000 euro are eligible to obtain the Cypriot citizenship. The new proposal […]
Greek language is now being taught as a compulsory subject in elementary level schools of the occupied northern part of Cyprus. Moreover the Higher Education Council of the Turkish Cypriot community abolished the morning oath in primary schools. The oath contains strong nationalistic content and provokes pride for the student Turkish origins. According to the […]
According to the Electricity Authority of Cyprus unions, it’s been decided that tomorrow they are not planning to cut electricity supply. Tomorrow the House of Representatives will convene to vote for the bill for the privatizations. According to union representatives the decision for uninterrupted power, is a gesture to allow the state to operate smoothly […]
According to Sigmalive the following proposal was presented as an alternative to privatization to the previous board of directors of CYTA. The proposal is a variant of “sale and leaseback” which according to the source is frequently method of financing companies of high capital growth. The proposal comes as an alternative to selling the whole […]
According to today’s Cypriot press US Secretary of State John Kerry is planning to visit Cyprus during March. His visit to Cyprus will be a strong indication of the American interest in the Cyprus talks and the role Washington is playing on the issue. Additionally sources in Cyprus, suggest that Kerry’s visit is not only […]
