Northern Cyprus

Moody's warns Thomas Cook liquidation is ‘credit negative’ for Greek, Cypriot banks

The collapse of British tour operator Thomas Cook is "credit negative" for Greek and Cypriot banks because it reduces the cash flow of businesses in the tourism sectors of these countries, ratings agency Moody's said in a report on Thursday.

EU asylum agency sets up permanent office in Cyprus

Cyprus' interior minister says the European Union's asylum agency is setting up a permanent office on the east Mediterranean island nation to help authorities expedite the burgeoning number of asylum claims.

Constantinos Petrides says Cyprus is the first country to sign a deal with EASO deploying experts to assist processing asylum claims and help curb abuses of the system.