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2011 Aug 3
In Cyprus the junior party in the ruling coalition left the government.
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2011 Sep 19
Turkey escalated a dispute with Cyprus over oil and gas drilling in the eastern Mediterranean, saying that it would send warships to protect its claims to resources off the coast of the divided island. US energy firm, Nobel Energy, had just exploratory drilling for oil and gas off the coast of Cyprus despite strong warnings from Turkey not to do so.
Links: Turkey, Oil, Cyprus, Gas     Click to see the source(s) for this event 
 
2011 Sep 21
Turkey’s Pres. Erdogan signed a deal with Turkish-controlled north Cyprus to begin drilling for oil and gas.
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2012 Jan 13
France was stripped of its top-notch credit rating by Standard & Poor’s. S&P downgraded 8 other countries including Austria, Italy, Spain, Portugal, Malta, Cyprus, Slovakia and Slovenia.
Links: Austria, Italy, Portugal, Spain, France, Cyprus, Malta, Slovenia, Slovakia, Economics     Click to see the source(s) for this event 
 
2012 Jan 13
Turkish Cypriot leader Rauf Denktash (87) died. He was the driving force behind the Turkish Cypriot declaration of independence in 1983.
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2012 Jan 23
A British court heard that Turkish-Cypriot business magnate Asil Nadir (70), one of Britain's most infamous fugitives, stole almost £150 million from his Polly Peck business empire. Nadir fled to northern Cyprus in 1993, months before he was due to stand trial for fraud, but dramatically returned to Britain in August 2010 and was immediately arrested.
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2012 Jan 27
Fitch ratings downgraded the debt of Belgium, Cyprus, Italy, Slovenia and Spain even as European finance chiefs gathering in Davos sought to reassure global business leaders that Europe is on track to solve its debt crises.
Links: Italy, Belgium, Spain, Switzerland, EU, Cyprus, Slovenia, Economics     Click to see the source(s) for this event 
 
2012 Feb 16
Israeli PM Benjamin Netanyahu paid a historic visit to Cyprus, declaring the two countries' warming ties a "natural relationship" in a reflection of the rapidly shifting alliances in this turbulent part of the world.
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2012 Mar 4
Israel and Cyprus signed an accord to lay an underwater electricity cable between the Mediterranean nations, the first stage in a bid to transfer power between the Jewish state and mainland Europe. Additional underwater cables are to connect Cyprus and mainland Europe via Greece, which was also part of the agreement signed in Jerusalem. The deal is still subject to final approval by Israel, Cyprus and Greece, that is expected to follow the completion of a feasibility study within a year.
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2012 Jun 25
Cyprus said it would seek aid from the eurozone’s bailout funds.
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2012 Jun
The Cypriot government asked for a bail-out after two of its largest banks, stacked with Greek bonds, fell victim to the 2011 write-down of Greek debt.
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2012 Oct 4
London listed steelmaker Evraz, part-owned by tycoon Roman Abramovich, is to gain control of one of Russia's largest coal mines after acquiring a half stake in Cyprus-based investment vehicle Corber Enterprises for an undisclosed sum.
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2012 Nov 4
In Cyprus David Lee Collins (19), an off-duty British soldier, was stabbed to death in a nightclub. On Nov 5 a court in Cyprus remanded three British tourists in custody on suspicion of the fatal stabbing. On May 17, 2013, Mohammed Abdulkadir Osman (19) of London was jailed for eight years for the fatal stabbing. Charges against two other men arrested with him were dropped in a plea bargain.
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2012
The population of Cyprus was about 800,000.
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2013 Feb 24
Greek Cypriots voted for a new president. Conservative opposition party leader Nicos Anastasiades garnered 45.46% of the vote in the first round of voting, some 18 points over communist-backed Stavros Malas. With nearly all the votes counted, Anastasiades had 57.48% of the ballots, far ahead of Malas' 42.52%.
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2013 Mar 16
In Cyprus anxious depositors drained cash from ATMs after European officials ruled that part of a new 10-billion-euro bailout must be paid for directly from the bank accounts of ordinary savers. An emergency deal in Brussels set a one-time levy of 9.9% on Cypriot bank deposits of more than 100,000 euros. Deposits under that would be taxed at 6.75%.
Links: EU, Cyprus, Money, Taxes     Click to see the source(s) for this event 
 
2013 Mar 17
Britain's Treasury chief said the government will compensate UK troops who lose money to Cyprus's bailout tax, a levy of 6.75 to 9.9 percent on all bank balances as part of a deal with creditors for €10 billion ($13 billion) in rescue money. British residents of Cyprus not working for the UK military or government could be out of pocket.
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2013 Mar 17
Cyprus Pres. Nicos Anastasiades urged lawmakers to approve a tax on bank deposits to save the country from bankruptcy.
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2013 Mar 19
Cyprus lawmakers unanimously rejected a proposed rescue package that included taxes on bank depositor accounts.
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2013 Mar 21
A Cyprus criminal court found Hossam Taleb Yaacoub (24), a Swedish-Lebanese citizen and Hezbollah member, guilty of helping to plan attacks on Israelis in Cyprus.
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2013 Mar 22
Cyprus lawmakers approved 3 key bills aiming to secure a broader bailout package and stave off imminent bankruptcy.
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2013 Mar 25
Cyprus clinched a last-minute solution to avert imminent financial meltdown early today after it agreed to slash its oversized banking sector and inflict hefty losses on wealthy depositors in troubled banks to secure a 10 billion euro ($13 billion) bailout. Under the terms of the bailout deal, the country' second largest bank, Laiki — which sustained the most damaged from bad Greek debt and loans — is to be split up, with its nonperforming loans and toxic assets going into a "bad bank." The healthy side will be absorbed into the Bank of Cyprus.
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2013 Mar 28
Cypriots get their first chance to access their savings in almost two weeks when the country's banks reopened, albeit with strict restrictions on transactions.
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2013 Mar 30
Officials said big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated under the European rescue package to save the country from bankruptcy.
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2013 Apr 2
Cyprus finance minister Michalis Sarris resigned after only 5 weeks on the job. He had agreed in negotiations with the EU to impose a “haircut” on samll savers with less than €100,000 in their accounts.
Links: Cyprus, Economics     Click to see the source(s) for this event 
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2013 May 8
Iran withdrew its ambassador in Cyprus to protest the country's decision to extradite an Iranian to the United States for prosecution. Iranian Saeid Mohabat (45) was extradicted to the US last month to face charges of breaching UN sanctions against Iran.
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2013 Jul 9
A Cyprus criminal court found former defense minister Costas Papacostas guilty of manslaughter in the explosion of confiscated Iranian munitions in 2011 that killed 13 people and wrecked his country's main power station. On Aug 2 Papacostas was sentenced to 5 years in prison.
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2013 Sep 2
A court in Cyprus ordered the extradition of Dinos Michaelides, a former Cypriot interior minister, to Greece for questioning related to corruption charges against Akis Tsohatzopoulos, a once-powerful Greek politician, who is now in jail.
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2013 Sep 10
Shareholders of Cyprus' largest bank elected six Russians to sit on its new, 16-member board of directors, a consequence of the country's bailout agreement with international creditors.
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2013 Oct 7
In Cyprus an independent judicial inquiry said former communist president, Demetris Christofias, and his government bear chief blame for the island's financial meltdown in March after they failed to control spending and behaved in an imperious manner.
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2013 Nov 12
In Cyprus the largest haul of looted, centuries-old church icons, frescoes and mosaics ever repatriated were officially welcomed after a nearly four-decade journey. Police discovered the religious treasures in a 1997 raid on the apartment of Turkish art dealer Aydin Dikmen in Munich, Germany.
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2013 Nov 15
Cyprus’ former Pres. Glafcos Clerides (b.1919) died. He was widely regarded as a world-class statesman who guided Cyprus into the EU.
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2013 Nov 21
Cyprus' biggest private university said it will start accepting the digital currency Bitcoin as an alternative way to pay tuition fees.
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2014 Jan 28
A Cyprus Forestry Department official said illegal logging in the bailed-out island nation has picked up sharply as people turn to firewood to save on heating bills.
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2014 Feb 11
Cyprus Pres. Nicos Anastasiades met with Dervis Eroglu on the UN’s “green line” and put forward a “road-map” where their two communities would unite under a federation but run their affairs as “constituent states.”
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2014 Mar 4
Cyprus's parliament approved plans for privatizations, averting a showdown with international lenders who insist on state selloffs as part of a 10 billion-euro ($13.77 billion) bailout.
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2014 Mar 10
Cypriot Central Bank governor Panicos Demetriades, whose testy relations with island's government dogged a tumultuous tenure when Cyprus teetered on the brink of bankruptcy, resigned.
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2014 Apr 30
Cyprus said it has raised 100 million euros ($137 million) through its first bond issue since international lenders rescued the country from near-bankruptcy a little over a year ago.
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2014 May 12
The European Court of Human Rights (ECHR) ordered Turkey to pay 90 million euros ($124 million) in damages for its 1974 invasion of Cyprus, the largest such ruling in its history. Turkish officials the next day said that the country will not pay the fine.
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2014 May 17
Cyprus' finance minister said that international creditors have given a fourth straight positive review to the country's financial rescue program and are projecting that its economy will shrink this year slightly less than earlier forecasts.
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2014 Jun 18
Cyprus raised 750 million euros ($1.017 million) from international markets with its first public issue of bonds since last year's international bailout saved it from bankruptcy.
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2014 Oct 7
Cyprus' president suspended talks on reunifying the ethnically divided island in response to Turkey's plans to search for oil and gas in waters where the Cypriot government has already licensed Italy's Eni and South Korea's Kogas to drill.
Links: Turkey, Oil, Cyprus, Gas     Click to see the source(s) for this event 
 

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