Cypriot

Alleged hotel sale sparks investigation in Varosha

The allegation that three hotels in Turkish Cyprus' Varosha city have been sold to a Turkish businessman by their Greek owners has sparked concerns in the Greek administration as the sale or transfer of real estate in the area opened to civilian visits three years ago after a 46-year hiatus is under the control of a commission.

Bank of Cyprus to freeze assets of those sanctioned

Cypriot individuals and entities included in British and American sanctions lists will see their assets in the Cypriot banking system frozen and will not be able to carry out any banking transactions in Cyprus, Marios Skandalis, chief compliance officer at the Bank of Cyprus, the island's largest lender, has said. 

Ankara condemns US for lifting arms embargo on Greek Cyprus

Türkiye has strongly condemned the expansion of the scope of the decision taken by the U.S. in September 2020 to lift the arms embargo on Greek Cyprus, the Turkish Foreign Ministry has said.

In a statement issued on Sept. 17, the ministry highlighted that the country "fully supports" the reaction of Turkish Cyprus authorities regarding the decision.

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