Foreign Minister Ioannis Kasoulides met with his French counterpart Laurent Fabius in talks about the financial situation in Cyprus, the Cyprus problem, the developments in Syria and Mali, and TOTAL's involvement with offshore natural gas mining.
"The French Minister reiterated his country’s support of Cyprus’ right to proceed with the exploitation of hydrocarbons in the country’s EEZ," according to a foreign ministry spokesman.
Chairman of Marfin Investment Group Andreas Vgenopoulos has slammed a Cypriot court injunction freezing his assets, saying that it is not serious and is unauthorised.
Nicosia district court issued the order against Vgenopoulos and Efthymios Bouloutas after a lawsuit was filed against the two bankers by the administrator of of Laiki Bank. The bank is currently under resolution in the wake of using nine billion euros of emergency liquidity funds from the European Central Bank.
So this Saturday’s Website in a day event actually started off at 10:00 a.m. as we had lots of work to do. It also started off with a ‘cable salad’ as we’d call it in German - lots of cables as participants plugged in their laptops.
The first event of this kind, it had actually required some homework and commitment from the participants and all four of them had done so in a most impressive way.
After the arrests of 1700 people, the deaths of at least two, and injuries of several hundred, protests in Turkey are entering their fourth day as angry citizens ignore Prime Minister Tayyip Erdogan's calls for calm.
It is no secret that Turkey's human rights record is darkened by a lack of press freedom, and freedom of speech is limited by the threat of government persecution, but so far, it had appeared that Erdogan had the Turkish people's support. This in spite of his public and deeply-felt Islamist leanings in a largely secular country.
UN Special Representative Lisa Buttenheim said that President Nicos Anastasiades and Turkish-Cypriot leader Dervis Eroglu are committed to the peace process aiming to find a solution that is acceptable to both communities, following a dinner for the two men and their wives Andri and Meral.
US authorities say that Cyprus bank accounts were allegedly used to hide tens of millions of dollars in the Liberty Reserve case, after the owner of the company Arthur Budovsky was arrested earlier this week in Spain.
Cyprus' anti-money laundering head Eva Rossidou Papakyriacou said that the authorities here cooperated in the investigation and froze a small number of accounts, thought to be under the name Makelina Ltd in the Hellenic Bank.
Finance Minister Haris Georgiades said that the next few months will see a last-ditch attempt to save the ailing state airline Cyprus Airways, which is currently surviving because it receives cash injections from public funds.
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