Western Asia

Bank of Cyprus, Hellenic Bank 'unaffected' by Swiss move

Cypriot lenders Bank of Cyprus and Hellenic Bank said on Tuesday they had no material impact from the Swiss National Bank?s decision to scrap its cap on the Swiss franc against the euro.

Bank of Cyprus, the country?s largest lender, said its lending exposure in Swiss francs totaled 1.09 billion euros on December 31, representing 4.6 percent of total gross loans.

Citigroup Global Markets appointed as advisers for Cyta sell-off

Cyprus has appointed Citigroup Global Markets as advisers for the privatization of state telecoms firm Cyta, authorities said on Tuesday.

Privatization of the telecoms company, which holds a dominant position in the Cypriot market, is a condition of Cyprus?s 10-billion-euro bailout brokered in 2013 from the Eueropean Union and the International Monetary Fund.

Urartian trade seal unearthed

A trade seal dating back to the Urartian era has been unearthed during archaeological excavations at the Tepeköy mound in the eastern province of Mu?'s Varto district.

Ahlat Museum Director Ziya K?l?nç said 18 artifacts had been unearthed in the excavations that ended on Dec. 29, 2014.

Pages