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UN Hopeful Despite ‘Limited Progress’ on Cyprus

Posted January 25th, 2012 at 12:55 pm (UTC-5)
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Efforts to reunify the divided island of Cyprus are moving into the final phase despite “limited progress” during talks this week in New York. United Nations Secretary General Ban Ki-moon spoke about the situation to reporters in New York Wednesday, following two days of discussions with Greek Cypriot leader Demetris Christofias and Turkish Cypriot leader […]

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US Welcomes Upcoming UN-backed Cyprus Talks

Posted January 21st, 2012 at 3:20 pm (UTC-5)
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The United States is urging the leaders of divided Cyprus to take advantage of next week’s talks in New York to make real progress toward a settlement reunifying the island. A spokesman for the State Department, Victoria Nuland, issued a statement Saturday, saying the U.S. government welcomes the United Nations-backed negotiations set for Monday and […]

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Turkish Leaders, Turkish Cypriots Mourn Former Leader Denktash

Posted January 17th, 2012 at 5:25 pm (UTC-5)
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Turkish leaders have joined thousands of residents of northern Cyprus to bid farewell to former Turkish Cypriot leader Rauf Denktash, who died Friday after a long illness at 87. Turkish President Abdullah Gul and Prime Minister Recep Tayyip Erdogan were among mourners filing past Denktash’s coffin Tuesday at the presidential palace on the Turkish Cypriot […]

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Turkish Leaders, Turkish Cypriots Mourn Former Leader Denktash

Posted January 17th, 2012 at 9:20 am (UTC-5)
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Turkish leaders have joined thousands of residents in northern Cyprus to bid farewell to Turkish Cypriot leader Rauf Denktash, who died Friday after a long illness. Turkish President Abdullah Gul and Prime Minister Recep Tayyip Erdogan were among mourners filing past Denktash’s coffin Tuesday at the presidential palace on the Turkish Cypriot side of the […]

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Ex Turkish Cypriot Leader Denktash Dies

Posted January 13th, 2012 at 6:25 pm (UTC-5)
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Former Turkish Cypriot leader Rauf Denktash has died after a long illness. Denktash’s family announced Friday that he had died earlier in the day, two weeks before his 88th birthday. Denktash, who had experienced deteriorating health for some time, was admitted to a hospital in northern Cyprus on January 8. He died of multiple organ […]

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Ex Turkish Cypriot Leader Denktash Dies

Posted January 13th, 2012 at 3:50 pm (UTC-5)
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Former Turkish Cypriot leader Rauf Denktash has died after a long illness. Denktash’s family announced Friday that he had died earlier in the day. He was almost 88. Denktash, who had experienced deteriorating health for some time, was admitted to a hospital in northern Cyprus earlier this month, where he developed multiple organ failure. Denktash […]

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UN Envoy Warns of Consequences if Cyprus Reunification Talks Collapse

Posted December 1st, 2011 at 11:40 am (UTC-5)
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The United Nations envoy for Cyprus says it is unlikely the ethnically divided island will ever be reunified if the latest peace talks aimed at creating a federation collapse. Alexander Downer says if the three-year negotiations between internationally recognized Greek Cypriots and the breakaway Turkish Cypriots reach a complete deadlock, it would end the process […]

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Moody Lowers Cyprus’s Credit Grade

Posted November 4th, 2011 at 5:25 pm (UTC-5)
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International ratings agency Moody’s has lowered Cyprus’ credit grade by two notches, placing it lowest in the investment category. In a statement Friday, the agency said Cyprus was downgraded to BAA3 from BAA1, because its banking system is likely to need a government bailout due to its exposure to Greek debt. Moody’s also cited the […]

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Latest Cyprus Talks Positive and Vigorous

Posted October 30th, 2011 at 9:05 pm (UTC-5)
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The United Nations says the latest round of talks between Greek and Turkish Cypriot leaders aimed at finding a settlement for the divided island have been “positive, productive, and vigorous.” Cypriot President Dimitris Christofias and Turkish Cypriot leader Dervis Eroglu met Sunday at the Greentree Estate outside New York City — a site frequently used […]

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Cyprus Approves $3.3 Billion Loan from Russia

Posted October 5th, 2011 at 5:25 pm (UTC-5)
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Cyprus’ government has accepted a $3.3 billion loan from Russia, avoiding the possible need for an international bailout. Cypriot officials say the loan, together with economic reforms and measures to control spending, will have significant benefits for the island. Cyprus expects to start receiving the money from Russia in January. Russia is a major customer […]

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