Business

Yasil Nadir reportedly wants to come back from North Cyprus to clear his name from 34 million pound fraud

Asil Nadir’s lawyers are supposed to appear before judge in order to apply for the bail to return to Britain. Nadir, 69, requests to come back from northern Cyprus to clear his name in context with the £34 million fraud allegations   More>>>

Row over Cyprus air control poses growing safety risk

A decade old dispute over the control of Cyprus airspace has again come into the limelight because of increasing safety risks.   More>>>

Pegasus Airlines New Flights London, Istanbul and North Cyprus

Following the stoppage of Cyprus Turkish Airlines (CTA) flights, Turkish Pegasus Airlines, has added new flights to their 2010 summer schedule from between London and Turkey and Northern Cyprus.    More>>>

Turkeys Ziraat Bank opens 5th branch in north Cyprus

Turkey's state-run Ziraat Bankasi launched its fifth branch in the Turkish Cyprus.    More>>>

Google Officially Enters the Energy Market

Google's entrance into the energy market has been a long time coming. Earlier this year, the Internet giant formed an energy subsidiary, dubbed "Google Energy", and soon afterwards   More>>>

Turkish business association to hold meetings in North Cyprus

A delegation from TUSIAD, headed by chairperson Umit Boyner, will visit Turkish Republic of Northern Cyprus on Friday.    More>>>

Eurocypria back from the brink

AILING charter airline Eurocypria was given a new lease of life yesterday after parliament gave the nod to a €35 million government bailout.   More>>>

Cyprus concedes to Turks on property

The resolution in January of a long-running property rights case at the European Court of Human Rights promises to further complicate the already complex issue of property ownership on the divided island of Cyprus. The court had been expected to    More>>>

Bank of Cyprus wins OEV Business Excellence award

Demetris Christofias presented the Employers and Industrialists Federation (OEV) annual Financial and Business Excellence awards on Monday. The Bank of Cyprus, a leading financial institution, was presented with the award for the best business in C   More>>>

Vodafone loses Turkish customers as service revenue rises

The number of Turkish subscribers to Vodafone fell by 18,000, to around 15.67 million, at the end of 2009 compared with the third quarter of the year as service revenue continued to grow.   More>>>

Serco hopes to win Cyprus bid

Serco, the FTSE-100 services group, is favourite to win a £200m Ministry of Defence contract to support British servicemen based in Cyprus.   More>>>

Is this a good time to invest in Cyprus real estate?

When is it better to invest in Cyprus in the property sector; when the prices are going up or down? In a period of crisis, like the one we are experiencing today, is it reasonable to invest? These are crucial questions for which you cannot simply giv   More>>>

No More Pump Priming to North Cyprus Travel Agent from the Government

Travel agents in North Cyprus are going to have to find a new way to bring tourists into the country as the new UBP government is rumored to be planning to pull its pump priming policy away from the travel agent business. According to sources in the   More>>>

Manchester United, Turkish Airlines in deal

Manchester United, an English Premier League football club, has signed a sponsorship agreement with Turkey’s national carrier, the club has said.    More>>>

Google reports China-based attack, says pullout possible

WASHINGTON (CNN) -- Google said Tuesday the company and at least 20 others were victims of a "highly sophisticated and targeted attack" originating in China in mid-December, evidently to gain access to the e-mail accounts of Chinese human rights acti   More>>>

Unemployment hits 10 percent in countries using the Euro

It has been reported that 16 countries that use the Euro as currency have hit the 10% unemployment in their countries, this is the first time it has hit these levels since it was introduced in 1999.    More>>>

Stelios Hadjioannou in Cyprus

Stelios Hadjioannou, a Greek Cypriot entrepreneur( EasyJet co-founder) gave on Friday a 250.000 euro backing to joint entrepreneurship between Greek Cypriots and Turkish Cypriots, as part of his Business Cooperation Award for Cyprus.   More>>>

Cyprus tourism earnings fall 16.7 pct Jan-Oct

Cyprus's earnings from tourism continued on a downward slope, falling 16.7 percent in the first 10 months of 2009 as tourism arrivals slumped.    More>>>

North Cyprus Hellim

THE BAN on bringing in hellim from the Turkish Republic of North Cyprus to the UK is set to remain, even though hellim - or halloumi – from the south of Cyprus can continue to be imported.    More>>>

North Cyprus Exports Boom in South

Exports from the Turkish controlled north and the republic has increased within the framework of the EU Commission’s Green Line Regulation in Cyprus, according to figures released by the Cyprus Turkish Chamber of Commerce.    More>>>

The Orams decision and the economy

Before uncorking the champagne bottle to celebrate, the Greek Cypriot side should take a realistic step back and ask: What exactly has been won? And what comes next? The ECJ decision is simply unenforceable. By its own choice, the EU’s own acqui co   More>>>

Blow for Barclays Capital's Bob Diamond

Today's job cuts at Barclays Capital mark the latest setback for Bob Diamond, the ambitious American-born executive who has increasingly been forced to defend his reputation since the onset of the credit crunch. The smooth-speaking Mr Diamond, a fo   More>>>

Airport deal in Northern Cyprus

While negotiations between Turkish and Greek Cypriot leaders aimed at reunifying the island are ongoing, a joint airport services organization has become operational, with hopes economic cooperation will spread to the political sphere.    More>>>

Brown ready to give banks billions more

Gordon Brown and Alistair Darling signalled yesterday that billions more taxpayers' pounds may be spent on easing the credit squeeze.   More>>>

Oil price fall could ease inflation

Falling oil prices could provide one of the few bright spots for the UK economy this year, helping consumers to feel that they are better off and cushioning the impact of a recession, according to research out on Monday.    More>>>