Category Archives: Cyprus

Welcome to Limassolgrad: the city getting rich on Russian money

The skyline in Cyprus is changing rapidly with rich Russians moving in to claim a little slice of the EU

Nearly five years on from Cyprus’s near financial collapse and bailout, Limassol is undergoing a property development boom fuelled by Russian money.

In the marina of the island state’s second largest city, opened in 2014 by the president, Nicos Anastasiades, super-yachts are birthed in front of €15m villas along with their support ships carrying helicopters and other accoutrements of the super rich.

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Source: gad

Cyprus voters focus on which president could reunite island

Sunday’s final vote pits incumbent Conservative against leftist-backed academic

Greek Cypriots go to the polls this weekend in a tight presidential election that pits the incumbent conservative, Nicos Anastasiades, against a leftist-backed academic, Stavros Malas.

Insults have intensified in the week after an inconclusive first round, and the race has boiled down to a contest over who is better equipped to reunite Cyprus and oversee an economy recovering slowly from near-collapse.

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Source: gad

Turkish Cyprus set for coalition after rightwing party fails to get majority

Voters in parliamentary election showed their dissatisfaction with UBP party, seen as corrupt and too subservient to Turkey

Efforts are set to begin on forming a coalition government in Turkish-occupied northern Cyprus after the rightwing National Unity party won parliamentary elections but failed to secure a majority in parliament.

In a setback for forces seeking to reunite the island’s feuding ethnic communities, the UBP won 35.6% and 21 seats in the 50-member house – a reflection of its control over the levers of power after 27 years in office. The pro-solution and centre-left Republican Turkish party (CTP) came in with 20.9% and 12 seats.

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Source: gad

‘We’re not Muslim enough’ fear Turkish Cypriots as poll looms

Turkish Cypriots, who vote on Sunday, say their culture is being threatened by Ankara’s tightening grip

When Turkish Cypriots go to the polls on Sunday, they will do so under the shadow of the giant Hala Sultan mosque.

Before its foundation stone was laid in a remote spot on the road to Famagusta barely four years ago, there was little else towering over the Mesoria plain that engulfs northern Nicosia. Now, its monumental domes and minarets are by far the biggest in the eastern Mediterranean.

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Source: gad