Cyprus Latest News Jan12

Catch up with the headlines on the Cyprus latest news Jan12

Postal Chaos Means no Christmas Gifts

Thousands of families received no Christmas gifts or cards from relatives in the UK this year due to postal chaos both in Cyprus and the UK.

While the post is often delayed around the busy Christmas period, having lived in Cyprus for 7 years, this is the first time I've heard so many people complain about not receiving cards and packages, even when they were sent well before the deadline on Dec 12th for posting from the UK.

The Cyprus postal service is blaming British Royal Mail for the problem as they did not train seasonal workers correctly and also decided to cut costs by sending mail on indirect flights to the island via Greece. Needless to say, Cyprus is also to blame as a lot of mail sat in sorting offices while workers went on strike in the run-up to Christmas.

Thankfully, the most important parcel I was expecting arrived on Christmas Eve, but today, January 5th, we've just picked up 10 cards and a parcel which was sent weeks before the 25th December.

The moral of the story is to tell friends and relatives to send cards and gifts by the end of November to guarantee delivery. That said, 3 years ago, we ordered some presents from Amazon and they arrived in February. Such is the slow pace of life in Cyprus!

Cyprus finds gas goldmine

Cyprus may be in something of an economic crisis right now, but the recent find of natural gas beneath the waters off the coast of the island, has heralded a new financial dawn.

Noble Energy, the US-based company which has been working on the gas exploration estimates that there are between 5 to 8 trillion cubic feet of gas and that could make Cyprus one of the richest countries in Europe. It does depend, of course, on the Cyprus government managing the find efficiently and ensuring the necessary technical aspects such as establishing an energy centre and gas liquefaction plant are implemented.

The current Cyprus problem talks with the TRNC have raised lots of issues, not least the TRNC's claim to a share of the revenue that will come from the gas find. Should the current Cyprus talks result in a solution in the near future, the whole island would benefit from the new found energy source; if not, the gas lies firmly under Greek Cypriot water, so only the Republic of Cyprus would reap the benefits.

Cyprus Talks continue but will 2012 be the last year for talks?

With no solution to the Cyprus problem even remotely in sight, the two leaders, Eroglu and Christofias will again continue talks in 2012, the next meeting planned in New York at the end of January.

2012 sees yet another deadline looming, this time due to Cyprus taking on the European Presidency in July of this year. Turkish Cypriot leader Dervis Eroglu recently said that the TRNC (Turkish Republic of Northern Cyprus) would change its name if there is no solution to the Cyprus problem in the first quarter of this year. The TRNC would become the Turkish Cypriot State or possibly the North Cyprus Turkish State in response to the North not being able to be part of the EU Presidency under a unified Cyprus.

Given that a lot of hot air continues to be blown at the never ending Cyprus Talks, it seems highly unlikely that any solution will be reached, but watch this space as we may have a newly named "Northern" Cyprus by the middle of the year.

That's all from our Cyprus Latest News Jan12.

See you next time.



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