International rallying action returns to Cyprus this week with the Cyprus Rally, the grand finale of this year’s Intercontinental Rally Challenge (IRC). With 36 entries – five of whom could claim the title here this weekend – and a new series of challenging special stages, this promises to be the best Cyprus Rally yet.
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TURKEY must do more to cement democratic gains and smooth prickly ties with neighbors such as Israel if it is to emerge as a guarantor of Middle Eastern stability, U.S. Secretary of State Hillary Clinton said on Monday.
Clinton, speaking to the American-Turkish Council in Washington, said the “Turkish miracle” had seen that country’s economy triple in size over the last decade as reforms opened up both the political and economic sectors to new competition.
But she said Ankara — which hopes to draft a new constitution by the first half of 2012 — must be careful to ensure that human rights are respected, minority groups are included and media freedoms are guaranteed.
Read MoreAphrodite hills – two bedroom garden apartment With bathroom and further gwc. Unobstructed sea views. Fully furnished. Communal swimming pool. 4 minute walk to amenities €130,000 or near offer. Tel 99147069
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Cyprus is taking all the necessary steps to manage the difficult situation faced by its financial system, Central Bank of Cyprus Governor Athanasios Orphanides said today.
Cypriot banks’ heavy exposure to Greek sovereign debt, seen at high risk of default, has been cited as a concern by credit ratings agencies which have downgraded the island’s sovereign ratings in the past few months.
“The financial system in Cyprus is facing difficulties at the moment, as is widely happening in the euro zone,” Orphanides, a member of the ECB’s governing council, told reporters.
“But necessary actions are being taken by the central bank, the finance ministry and all relevant bodies to manage the situation.”
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BEDROOM SPACIOUS HOUSE MARONI VILLAGE. Located in the traditional Cypriot village of Maroni, in between Limassol and Larnaca, short drive to the beach and the fishing village of Zygi. Spacious 200m2 house on a 500m2 plot, covered parking for 3 cars. EURO 200,000. 96555534
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To let a brand new 2 bedroom-flat,fully furnished, on the 2nd floor in > a small block, in a quite area in Ayios Dometios,10 min. from the > center and Intercollege. Fitted kitchen, A/C, big balcony, covered > parking, storage room.Price 650. Call > 99-491734.[email protected]
Read MorePrime Minister George Papandreou’s shock decision to call a referendum on Greece’s bailout drew veiled threats from Germany on Tuesday and hammered markets edgy over the euro zone crisis.
European politicians complained that Athens was trying to wriggle out of the rescue deal agreed only last week, concerned not so much about the fate of Greece as the possibly dire consequences for the entire currency union.
One senior German parliamentarian suggested the euro zone might have to cast Athens adrift, cutting off its aid lifeline and allowing the nation to default.
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REUNIFICATION talks in New York entered their second and final day yesterday, with UN officials there calling the discussions “vigorous and productive”.
Picking up from where they left off on Sunday, the leaders engaged in proximity talks with the Secretary-General’s Special Adviser on Cyprus, Alexander Downer and Lynn Pascoe, the UN Under-Secretary-General for Political Affairs.
Discussions in Manhasset, outside New York, began around 9pm Cyprus time and were set to conclude in the evening after a working dinner hosted by UN chief Ban Ki-moon. In all, Ban yesterday spent some six hours at Greentree Estate, Manhasset.
Ban would not be making a joint statement with the leaders last night, but will be issuing a statement on his own today.
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