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on 15-year bonds auctioned in June 2004.
A Cypriot couple is seeking the arrest of Mark Unwin and his wife Hayran who appear as property developers on land that belongs to refugees Christos and Despina Mazios from Ayios Epiktitos. In a separate case, a Nicosia court upheld an order issued in November ordering Britons Linda and David Orams to tear down their house and return the land in the occupied areas to its rightful owner, Meletis Apostolides. The case could affect some 6,000 Britons who have bought property in the north.
The election of Mehmet Ali Talat as president of the TRNC on Sunday signals a sea change among public opinion in the north. He won fom the first round having secured 55% of the votes and ousted Rauf Denktash who has controlled politics since 1983 and is regarded an obstacle to reunification. President Tassos Papadopoulos gave a caution welcome, while AKEL leader Demetris Christofias called on Talat show “respect” for the Greek Cyrpiots.
The rating agency said growth would average 4% over the next two years but challenges remain in declining competitiveness, rising labour costs, high oil prices and falling tourism receipts.
Costa Coffee is opening its biggest outlet in Europe, with the flagship coffee house on Nicosia’s busy Griva Digheni Ave.
Oh, and Cardinal Ratzinger is elected Pope…