Turkey keeps lira in check with low-key interventions
Turkey’s central bank has scaled back its currency interventions in January but still spent as much as $1 billion last week to keep the lira steady after last month’s ...
Spokesman confirms first direct flight to Turkey taken place
Government spokesman Marios Pelekanos on Tuesday confirmed that the government gave permission for a direct flight to Istanbul to transport a Covid-positive athlete home.
According to Turkish Cypriot paper Yeni ...
Animal rights activists slam Turkish camel wrestling festival
By Murad Sezer and Bulent Usta
A traditional camel wrestling festival in western Turkey that attracts thousands of people every year is drawing criticism from animal rights activists who say ...
Erdogan calls on Turks to keep all savings in lira
President Tayyip Erdogan said on Friday that Turks should keep all their savings in lira and that recent exchange rate volatility was largely under control after the lira weakened sharply ...
In Christmas message, Archbishop tells faithful not to forget their fighting spirit
In his Christmas message, Archbishop Chrysostomos called on the faithful not to forget their fighting spirit because the “behaviour of the invader” does not allow for any complacency.
The message ...
Turkish lira whiplashes after Erdogan moves to protect savings
Turkey’s lira rocketed back from record lows in volatile trading on Tuesday after Turkish President Tayyip Erdogan proposed measures to protect local currency savings against such swings.
Erdogan introduced ...
Turkish lira charges back after Erdogan’s anti-dollarization plan
Turkey’s lira gained more steam and was up 7% on Tuesday following a historic 25% recovery from record lows, after President Tayyip Erdogan , Turkish liraunveiled a plan he said would guarantee ...
EU offers ‘paper about options’ on Varosha
The EU’s foreign ministers on Monday agreed to consider the possibility of measures against those involved in activities in the fenced area of Varosha, but also called for confidence-building ...
Turkish lira plummets to new low, Erdogan to meet central bank chief
President Tayyip Erdogan is expected to hold talks with the central bank governor, finance minister and heads of state banks on Monday, sources told Reuters, as the lira plummeted to ...
Approach on Turkey is leading nowhere
Cyprus must align itself with European interests
By Achilleas Demetriades
The European Council will convene on December 16 to discuss once more the possibility of imposing sanctions on Turkey with regard ...
Resolution condemning Turkey’s aggression towards Cyprus garners bipartisan US support
A resolution condemning Turkey’s aggression towards Cyprus garnered bipartisan support on Friday at the US House foreign affairs committee.
Greek Public Broadcasting (ERT)’s DC correspondent Lena Argiri tweeted ...
Turkey’s lira again nears record low as inflation views surge
The Turkish lira edged to near record lows on Friday as concerns about President Tayyip Erdogan’s low interest rate policy were fueled by a central bank survey showing one ...
Discussion on draft for EU’s Varosha options paper before Foreign Affairs Council
The discussion on the draft options paper on the EU’s response to Turkey’s actions in Varosha will be continued at the Foreign Affairs Council (FAC) on Monday.
The ...
Turkish lira flirts with record low as Doha eyes trouble
The Turkish lira briefly slid 1 per cent on Monday, again nearing record lows touched last week as concerns persisted over President Tayyip Erdogan’s rate-cutting drive and Qatar said it ...
US recognises Cyprus’ right to develop resources in its EEZ – state department
The US recognises the right of the Republic of Cyprus to develop resources in its exclusive economic zone (EEZ), the state department has said.
A spokesperson was asked by Greek ...
Erdogan says he hopes volatile Turkish lira will steady soon
Turkish President Tayyip Erdogan said on Saturday he hoped that volatile foreign-exchange and inflation rates would stabilise shortly and he again promised low interest rates, after a historic plunge in ...
Nicosia rejects Ankara’s Block 5 criticism
Turkey’s reaction to news that the government has awarded the rights for the exploration of offshore Block 5 to the ExxonMobil and Qatar Petroleum consortium, demonstrates, yet again, Ankara’s ...
Turkey slams Cyprus over exploration licence for Exxon, Qatar Petroleum in Mediterranean
Turkey on Thursday accused Cyprus of violating its continental shelf by awarding an exploration licence in the Mediterranean to Exxon Mobil and Qatar Petroleum, adding it will not allow unauthorised ...
Erdogan picks low-rates champion as finance minister as Turkish lira skids
Turkish President Tayyip Erdogan appointed a strong supporter of his low interest rate drive as minister of treasury and finance on Thursday, replacing the last top official seen to favour ...
Turkish lira slides 1.6 per cent towards record dollar low
Turkey’s lira dipped to 13 to the dollar on Tuesday, resuming a slide towards last week’s record low as strong economic growth data failed to alleviate concerns about a ...
‘Total nightmare’ in north over lira freefall
The freefall of the Turkish lira is among the main concerns in the north with people seeing the prices of goods and their loan instalments in foreign currency skyrocket, while ...
Christodoulides: Securing concerted EU action on Turkey a difficult task
Cyprus will use the means at its disposal – diplomatic and legal – to put pressure on Turkey over its actions on the high seas and in the fenced-off town of Varosha – ...
Gas projects back on track
The consortium holding the concession on block 10 in Cyprus’ Exclusive Economic Zone are making final preparations for follow-up drilling to narrow down the precise quantities of natural gas in place, ...
European Commission records Varosha situation in classified report
The European Commission has prepared a detailed classified report on everything that has been taking place at Varosha since July 20, 2021, in a bid to verify accusations issued by the Republic ...