Cyprus must do homework to hope external factors will allow new borrowing (updated)

By Stelios Orphanides

Cyprus must do its homework and comply with its bailout terms as developments in Greece and Russia may create unfavourable conditions for a new market exit, a financial advisor said.

The government, which plans to return to the markets by the end of this year, is planning to issue twice new debt by December, finance minister Harris Georgiades said January 5.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.