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Amber moves to dismantle Green Line
 Stroll along Ledra Street in the centre of Nicosia, past newly-refurbished shops bearing international brand names and stands selling frozen yoghurt and fresh orange juice, and you stop short at a roadblock manned by Greek-Cypriot conscripts in camouflage fatigues. A sign proclaims: "Nicosia - the last divided city in Europe." ...more
THE OFFSHRE SECTOR:
Business centre or tax haven?
Cyprus has pledged to reform its fast-growing offshore sector in response to a campaign launched by international financial organisations to crack down on tax evasion, money laundering and poor financial supervision ...more
EU ACCESSION:
Politicians must face up to reform
For several years, Greek-Cypriot politicians have postponed or avoided implementing economic reforms that are needed urgently for Cyprus to achieve EU accession in the first round of enlargement. Now the International Monetary Fund (IMF) has sounded the alarm ...more
BANKING:
Rates move will sharpen competition
The lifting on January 1 of Cyprus's interest rate ceiling will have far-reaching consequences for the island's banking sector.The move is expected to sharpen competition among the three big Cypriot banks and will offer several Greek banks an opportunity to increase market share. ...more
STOCK MARKET:
Bourse bubble deflates a little, but avoids a burst
Popular capitalism arrived with a bang last year when prices on the Cyprus Stock Exchange surged by almost 700 per cent. Greek-Cypriot investors in 1999 are estimated to have taken on personal loans amounting to almost C£1bn in order to buy shares ...more
THE NORTH:
Security, prosperity beckon
"We are in the wrong club of unrecognised states, and the sooner we get out of it the better it will be for us," says Ahmet Aker, economic adviser to Rauf Denktash, president of the self-proclaimed Turkish Republic of Northern Cyprus (TRNC) ...more
LOUIS CRUISE LINES:
New departure for seafaring Voyager
Royal Olympic Cruises (ROC), based in the Greek port of Piraeus, last month took delivery of the $190m Olympic Voyager, billed as the world's fastest cruise ship. It is also the first new building by a Greek cruise operator ...more
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