Economy

Golden Passports, Citizenship For Sale From Cyprus To The Caribbean

MOSCOW — ​Last month, the Interior Minister of Cyprus Constantinos Petrides announced the revocation of 26 "citizenships by investment" that had been granted before stricter criteria of this program was introduced in 2018. Though Petrides refused to name those who had lost their so-called "golden passports', Kommersant has recently revealed some of the names on the list, including Russian oligarchs Oleg Deripaska, Vladimir Stolyarenko, Alexander Bondarenko, along with their respective wives and children. These oligarchs are under criminal investigations in their homeland.

The news is a reminder that this particular relationship is not an exclusive privilege of Cyprus, and Russians are hardly the only ones seeking out golden passports.

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Where Beauty Was Born

According to legend, the rocks of Petra tou Romiou in southwestern Cyprus, is where the Greek goddess of love and beauty, Aphrodite, was born. I'll spare you the full (and quite graphic) myth of her birth — it may spoil the serenity of this coastline.

Striking Politics When Drilling For Gas In Mediterranean

-Analysis-

PARIS — Drilling operations have begun off the coast of Cyprus despite Ankara's threats against the Cypriot government. And for French oil and gas multinational Total and its Italian partner, ENI, hopes for a huge payout are running high. As IHS Markit reported earlier this year, the "Onisiforos' operation, as it's known, is expected to be "one of the most critical wells drilled globally in 2017."

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A Pelican's Pause

When the famous pelicans of Mykonos get tired of all the attention, do they take a break and fly down to the calmer shores of Cyprus?

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Geopolitics
Fabrice Nodé-Langlois

When Brexit Hits Cyprus, Isle Of Offshore Banking And British Expats

Britain's decision to leave the EU is having a ripple effect on the island nation of Cyprus, where ex-pats and tourism operators are already feeling the pinch. But there may be a more long-term windfall in the finance industry.

TALA — Cathi Delaney chooses a shady spot on the terrace to sip a refreshing cup of iced coffee. It's October, but with temperatures well above 30°C (86°F), the nearly 60-year-old British woman is perfectly comfortable wearing just a floral dress. This, after all, is what brought her to Cyprus: the sun, the sea, the sweet life.

But in recent months, back in her country of origin, a majority of voters opted for Brexit, that will force the UK to leave the European Union — adding a major element of anxiety to her otherwise trouble-free existence. "Brexit raises a lot of uncertainties," she says, noting the various legal and bureaucratic issues. "Will I get my state pension in six years? Will my husband benefit from the General Hospital Scheme that gives affordable access to health care?"

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blog

Lonely Dilma, Hijackass, Pope's Fiat

MYANMAR PRESIDENT SWORN-IN

Htin Kyaw has been sworn in as Myanmar's first elected civilian president in more than 50 years. In his first address as president, the 69-year-old, a close aide to Nobel Peace Prize winner Aung San Suu Kyi, promised "national reconciliation" and a new Constitution guaranteeing a federal democracy and "the lifting up of people's lives." The Myanmar Times reports that Suu Kyi, who said she would rule from the sidelines since she's barred from being president herself, will be in charge of foreign affairs, the president's office, education, and energy and electric power.

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blog

Extra! The 'Hijackass' And The Selfie That Wasn't

"It has to be the best selfie ever," Ben Innes, a British passenger who was on the EgyptAir flight hijacked yesterday, told The Sun about his picture with the hijacker.

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blog

Snow White Revisited

In the fairy tale, the evil queen disguises herself as an old woman and tries to kill Snow White with a poisoned apple. What the story left out is that she then moved to Cyprus to sell jars of marmalade.

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Stalling Stall

"Tony" the Cypriot shoe seller definitely had a knack for presenting shoes in a novel way.

blog

Iconic Cyprus

The Stavrovouni Monastery in southern Cyprus is one of the few places that boasts a piece of the Holy Cross. It was particularly interesting to see how one of the oldest monasteries in the world manages to maintain the island's tradition of Byzantine icon painting.

blog

Eurovision 2015 Contestants: Cyprus

Cyprus is making its return to the Eurovision this year, after being absent last year for financial crisis-related reasons (i.e. the fear of winning the contest and having to organize it the following year). This means Greece will benefit from 12 extra points this year thanks to their Cypriot neighbors.

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GAZETA WYBORCZA
Jacek Żakowski

From Poland, No Pity For Cypriots -- Or Ourselves

When a crooked system is allowed to fester, there are few who are free of blame -- and little chance we will remained unscathed. A view from the European Union's eastern front.

-Essay-

I feel no pity for Cypriots, they got what they deserved. Their ‘free rider’ state has been a parasite to the European Union, and neighboring countries. Cyprus wanted to make its living by helping fraudsters. I am not surprised that nobody is running to help.

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Economy

Cyprus Not Leaving Euro, Bank Withdrawal Curbs To Last A Month

AP (USA), BBC, THE GUARDIAN (UK)

Worldcrunch

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Economy

Banks Reopen in Cyprus After Two-Week Closure

BBC, REUTERS, TWITTER

Worldcrunch

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Economy
Christiane Schlötzer

Vultures Circle Over Cyprus - Will Bailout Deal Spell Doom For Island Nation?

NICOSIA - The festival atmosphere on this sunny morning in Nicosia doesn’t match the bad vibes coming out of Brussels. The Faneromeni church in the heart of Cyprus’s capital is decked out with garlands made of hundreds of blue and white Greek flags and Cypriot flags with the shape of the island nation depicted in gold on a white background.

March 25 is Greece's national day, and Cyprus traditionally celebrates along with its neighbor. But the harmony could soon be a thing of the past – and that has a lot to do with what just happened in Brussels.

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Sources
Alexander Hagelüken

Bailout Paradox: Who Earns More Than Germans? Italians, Spaniards...And Cypriots Too

A new report finds that southern European households have higher net household income than places like Germany, which is shelling out euro bailout cash. Things must change.

-OpEd-

MUNICH - These numbers are sure to get German taxpayers fuming.

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