Divided regions

Missing persons

This Saturday, July 12, there was a solemn ceremony in Cyprus. Forty years after he went missing, the remains of a Greek Cypriot was finally laid to rest. This was the first-ever funeral held in northern Cyprus for a Greek Cypriot missing person.

President Gül to pay last foreign visit to Turkish Cyprus

President Abdullah Gül will make his last official foreign visit to Turkish Cyprus on July 20.

Gül will participate by on the island to mark the 40th anniversary celebrations of the Turkish Peace and Freedom Day.

Turkish Cyprus was the president’s first destination of choice after he was elected in 2007.

Cyprus mulls tapping bond market by September

Cyprus is considering tapping the bond market by September, according to two government officials directly involved in the process.

One of the officials, who asked not to be identified as no final decision has been made, said the initial offering will be for about 500 million euros and will probably be held after a share sale by the Bank of Cyprus, the country’s biggest bank.

Hopes fade for a Cyprus deal

Turkish Cypriot negotiator Kudret Özersay has given up hopes of a resolution on Cyprus anytime soon unless the current skidding stops, talks are brought to a serious give-and-take stage and the two sides commit themselves to reaching an agreement by a certain date. Will Greek Cypriots agree to that? No way…

Central bank demands Bank of Cyprus expedite capital issue

Cyprus's central bank has demanded that privately held Bank of Cyprus finalise plans this week to raise at least 1 billion euros in a capital issue, media reported on Wednesday.

Central Bank Governor Chrystalla Georghadji, in a letter published in the Simerini newspaper, gave the bank a three-day deadline to affirm its plans for the completion of a capital issue by Aug. 8.

Turkey best route for Cypriot gas to Europe, EU minister

Turkey is the best route for sending offshore natural gas from Cyprus to Europe, EU Minister Mevlüt Çavuşoğlu said on July 1.

Çavuşoğlu’s comments came amid growing expectations that the reserves from the Aphrodite gas field off the southern coast of Cyprus – estimated to be about 200 billion cubic meters – could prove a catalyst for peace and cooperation in the region.

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