Cyprus president says country close to bailout agreementNovember 22, 2012 - 15:01 AMT PanARMENIAN.Net - Cyprus' president says the crisis-hit country is "very close" to signing an agreement with potential creditors for a bailout to support its troubled banks and to pay its bills, The Associated Press reports. President Dimitris Christofias said in a written statement Thursday, Nov 22, that the "very limited" number of differences that remain could be bridged "very soon." The statement comes a day after Cypriot officials wrapped up a third round of negotiations with the European Commission, the European Central Bank and the International Monetary Fund. Christofias didn't specify which issues remain unresolved, but Cypriot officials, speaking anonymously because of the sensitivity of the negotiations, said they include how proceeds from offshore natural gas finds are managed and the privatization of profitable, state-owned companies. Cyprus asked for international aid in June. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | About 173 million drams and more than 30 beneficiary funds. "The Power of One Dram" is 4 years old In June 2020, the exclusive joint corporate social responsibility initiative of Idram and IDBank "The Power of One Dram" was launched. Aliyev travels to Turkey at Erdogan's invitation On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. CSTO budget “to be adjusted due to Yerevan’s non-payment of contributions” The CSTO budget for the current year requires adjustments due to the refusal of Yerevan to pay their share of contributions. Russia sends note of protest to Armenia over envoy’s trip to Ukraine’s Bucha Russia has sent a note of protest to Armenia over the visit of Vladimir Karapetyan and Tigran Ter-Margaryan to Bucha. |