Nicosia

Pilot recalls last flight to Cyprus airport

Capt. Adamos Marneros gazed with foreboding at the dots on the radar screen of his passenger jet as it prepared for landing on Cyprus.

It was before dawn on July 20, 1974, and the view of from his cockpit confirmed his suspicions: Turkish warships were approaching the Mediterranean island in an invasion triggered by a coup by Greek Cypriots aiming to unite with Greece.

Hellenic Bank expects Athens listing in early 2015

Cypriot lender Hellenic Bank anticipates a listing of its shares on the Athens Stock Exchange in early 2015, its chairwoman said on Wednesday, giving the bank access to additional market liquidity.

"I would say that within, probably, the first couple of months of 2015 that would be possible," Irena Georgiadou told Reuters.

Ankara proposes private firm to seek natural gas off Cyprus

Turkish government officials on Tuesday defended Ankara’s continuing violation of Cyprus’s Exclusive Economic Zone (EEZ ) and proposed the foundation of a private company to undertake oil and gas drilling activities in the eastern Aegean until a solution is found to the Cyprus problem.

Bank of Cyprus shareholders choose Josef Ackermann as new chief

Shareholders of bailed-out Cyprus’s biggest bank have elected former Deutsche Bank chief Josef Ackermann as the new chairman.

The vote on Thursday came after the Bank of Cyprus passed a European in-depth review of its finances last month.

The bank had earlier bolstered its capital base by raising 1 billion euros.

Biden heads to Istanbul amid tension over Cyprus EEZ violation

US Vice President Joe Biden is scheduled to meet with Turkey's President Recep Tayyip Erdogan, Prime Minister Ahmet Davutoglu and Ecumenical Patriarch Bartholomew during a visit to Istanbul this weekend, according to a report by the Athens News Agency on Wednesday.

Talks are expected to focus on the Cyprus issue and developments in the eastern Mediterranean region.

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