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Cyprus
Cyprus
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2011 Aug 3 |
In Cyprus the junior party in the ruling coalition left the government. Links: Cyprus 
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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
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2011 Sep 21 |
Turkey’s Pres. Erdogan signed a deal with Turkish-controlled north Cyprus to begin drilling for oil and gas. Links: Turkey, Oil, Cyprus, 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
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2012 Jan 13 |
Turkish Cypriot leader Rauf Denktash (87) died. He was the driving force behind the Turkish Cypriot declaration of independence in 1983. Links: Cyprus
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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. Links: Britain, Cyprus
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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
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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. Links: Cyprus, Israel
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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. Links: Cyprus, Israel, Greece
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2012 Jun 25 |
Cyprus said it would seek aid from the eurozone’s bailout funds. Links: Cyprus
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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. Links: Cyprus
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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. Links: Russia, Britain, Cyprus
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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. Links: Britain, Cyprus, Murder
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2012 |
The population of Cyprus was about 800,000. Links: Cyprus
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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%. Links: Cyprus
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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
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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. Links: Britain, Cyprus, Money
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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. Links: EU, Cyprus, Money, Taxes
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2013 Mar 19 |
Cyprus lawmakers unanimously rejected a proposed rescue package that included taxes on bank depositor accounts. Links: Cyprus, Banking
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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. Links: Cyprus, Israel
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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. Links: Cyprus
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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. Links: Cyprus, Economics
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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. Links: Cyprus, Banking
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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. Links: Cyprus, Banking
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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
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sustainable development information to research going green!
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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. Links: Cyprus, Iran
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