Cyprus’ President says Europe sees the island nation’s potential to become a new conduit for natural gas to the continent.
Cyprus’ central bank chief said on June 26 that she expects the bailed-out country’s top banks to pass European tests gauging their health.
A report given to the European Union by Turkey refers to Cyprus – which Turkey doesn’t recognize – as a “defunct” state.
Cyprus has returned to international markets after raising 750 million euros with its first public issue of bonds since last year’s bailout saved it from bankruptcy.
Only 15 months after needing an international bailout and losing one of its banks, Cyprus is poised to return to the bond markets on June 18.
Bulgaria’s Foreign Minister said Cyprus could supply his country and other central European nations with natural gas to lessen dependence on Russian deliveries.
After asking international lenders for a 10 billion euro bailout to keep its economy from collapsing, Cyprus is getting ready for a bond market issue.
After favoring Cyprus quitting the euro and opposing unification talks with Turkish-Cypriots, Archbishop Chrysostomos II has had a change of heart.
European Union sanctions against Russia for annexing Crimea in Ukraine have hurt Cyprus, but the island country could face irrecoverable damage if more are applied.
Cypriot President Nicos Anastasiades and Turkish-Cypriot leader Dervis Eroglu on June 2 resumed talks about prospects to reunify the island.