Lawmakers in Cyprus approved a bill to privatize a host of state-owned companies, a move that will enable the country to receive its next batch of rescue money.
Cyprus’ Parliament is set to vote again March 4 on a privatization bill that has drawn ferocious resistance from workers.
Cypriot President Nicos Anastasiades said the best chance to end decades of division with occupying Turks on the island is oil and gas.
Cyprus will vote again next week on a privatization bill that the country needs to secure the next batch of rescue money to avoid bankruptcy.
Turkey’s pipeline bringing water to the part of Cyprus it occupies has Turkish-Cypriots rejoicing but Greek-Cypriots worrying about what it means.
Cyprus’ lawmakers have forced the government to renegotiate terms of legislation that would pave the way for the privatization of state companies, a condition of a bailout.
Greek- and Turkish-Cypriot negotiators were to visit Turkey and Greece for a preliminary round of discussions on talks to reunify the island.
One of Cypriot President Nicos Anastasiades’ coalition partners has quit the government to protest peace talks with rival Turkish Cypriots.
Cypriot utility workers briefly shut the power to several areas in the bailed-out country to protest plans to privatize the state-owned agency.
Forty years of division separating Cypriots from Turks who unlawfully occupy the northern third of the island, could end because of energy reserves, President Nicos Anastasiades said.