United Nations Security Council Official Records

Total Page:16

File Type:pdf, Size:1020Kb

United Nations Security Council Official Records UNITED NATIONS SECURITY COUNCIL OFFICIAL RECORDS NEW YORK CONTENTS Page Provisional agenda (S/Agenda/2534). 1 Adoptionoftheagenda................................................. 1 The situation in Cyprus: Letter dated 30 April 1984 from the Permanent Representative of Cyprus to the United Nations addressed to the President of the Security Council (S/16514). 1 SlPV.2534 NOTE Symbols of United Nations documents are composed of capital letters com- bined with figures. Mention of such a symbol indicates a reference to a United Nations document. Documents of the Security Council (symbol S/. .) are normally published in quarterly Supplements of the Ojjkial Records of the Security Council. The date of the document indicates the supplement in which it appears or in which information about it is given. The resolutions of the Security Council, numbered in accordance with a system adopted in 1964, are published in yearly volumes of Resolutions and Decisions of the Security Council. The new system, which has been applied retroactively to resolutions adopted before 1 January 1965, became fully operative on that date. 2534th MEETING Held in New York on Friday, 4 May 1984, at 3.30 p.m. President: Mr. Oleg A. TROYANOVSKY / I have received a letter from the representative of Al- (Union of Soviet Socialist Republics). geria in which he requests to be invited to participate in the discussion of the item on the Council’s agenda. In Present: The representatives of the following States: conformity with the usual practice, I propose, with the China, Egypt, France, India, Malta, Netherlands, consent of the Council, to invite that representative to Nicaragua, Pakistan, Peru, Ukrainian Soviet Socialist participate in the discussion without the right to vote, in Republic, Union of Soviet Socialist Republics, United accordance with the relevant provisions of the Charter Kingdom of Great Britain and Northern Ireland, United and rule 37 of the provisional rules of procedure. States of America, Upper Volta, Zimbabwe. At the invitation of the President, Mr. Sahnoun Provisional agenda (SIAgenda12534) (Algeria) took the place reserved for him at the side of the Council chamber. 1. Adoption of the agenda 3. The PRESIDENT [interpretation from Russian]: 2. The situation in Cyprus: The Security Council will now resume its consideration Letter dated 30 April 1984 from the Permanent of the item on its agenda. The first speaker is the rep- Representative of Cyprus to the United Na- resentative of Sri Lanka. I invite him to take a place at tions addressed to the President of the Secu- the Council table and to make his statement. rity Council (S/16514) 4. Mr. WIJEWARDANE (Sri Lanka): I wish to thank The meeting was called to order at 4.20 p.m. you, Sir, and the other members of the Council for affording my delegation an opportunity to address the Adoption of the agenda Council on the situation in Cyprus. I also wish to con- gratulate you on your assumption of the presidency for The agenda was adopted. the month of May. We are confident that, with your mature judgement, experience and well-known diplo- The situation in Cyprus: matic skill, y&u will be able to guide the Council to a Letter dated 30 April 1984 from the Permanent Repre- speedy and satisfactory conclusion of this debate. May sentative of Cyprus to the United Nations addressed I also take this opportunity to express our appreciation to the President of the Sectirity Council (S/16514) td Mr. Kravtts of the Ukrainiafl Soviet Socialist Re- pubiic for the able nianner lil which he conducted the 1. The PRESIDENT [ihterpretation from Russiaiz]: Cotmcil’s tiork during the mdnth of April. In accordance with the decjsidfis taken at the previous meetings on this iteni (253Zst to 2533rd ri?eetitigs] 5. The situation in Cyprus has engaged the attention I invite the tepresehtatities of Cyprus, Greece &fid of the United Nations for fwo decades. During the past Turkey to take places at the Ctiuncil table; I invite the 20 Leafs this issue has been brought before the Council, representatives ;of Afghaiiistan, Afitigua and Barbuda, BSwell as the Gexi&al Assenibly, on numerous occa- Australia, Ecuadoi-, Sri Lanka, the Syrian Arab R& sions. The deteriorating situation in that country neces- pubiic and kugosiivia to take the places ieserved for sitated the reconveriifig of the thirty-seventh session of thein at the side of the Cotincil chamber. the General Assembly in, hay of last year, and within six months the Security Council had to be convened as At the irivitation of the President, Mr. Zacovou (Cy- a result of the decision taken by the Turkish Cypriot prus), Mr. Dountas (Greece) ahd Mr. Kirca (Turkey) side to declare uirilateral independence. took places at the Cotincil tab!e: Mr. Za~t~(AfghanL- tan), Mr. Jacobs (Antigua andBarbtida), Mr. Woolcott 6. SeCuiity Council resolution 186 (1964), adopted in (Australia), Mr. Albornoz (Ecuador), Mr. Wijeirjardane Match i964, dealt with the problem of the situation in (Sri Lanka), Mr. AIAAtassi (Syriati Arab Republic) and Cyprus. The third preambular paragraph of that resolu- Mr. Golob (Yugoslavia) took the places reserved for tion made reference to the cardinal principles enshrined them at the side of the Councii chamber. in Article 2 of the Charter of the United Nations. Since then the Security Council and the General Assembly 2. The PRESIDENT [interpretation from Russian]: have adopted resolutions on the subject, including I should like to inform members of the Council that Council resolution 365 (1974) and Assembly resolution 1 3212 (XXIX). In paragraph 1 of the latter the Assembly the Turkish Cypriot side than the Minister for Foreign “Calls upon all States to respect the sovereignty, inde- Affairs issued a statement, which the Sri Lanka delega- pendence, territorial integrity and non-alignment of the tion quoted in the Council on 18 November 1983. In that Republic of Cyprus and to refrain from all acts and statement the Foreign Minister of Sri Lanka said that interventions directed against it”, and in paragraph 2 it the “illegal and unilateral declaration of indepen- “Urges the speedy withdrawal of all foreign armed dence . is a regrettable setback to the efforts being forces and foreign military presence and personnel made to achieve a peaceful, unified and stable Cyprus from the Republic of Cyprus, and the cessation of all through the efforts of the Government of Cyprus, the foreign interference in its affairs”. Regrettably, these United Nations and the Non-Aligned Movement” [see resolutions remain unimplemented to date, except in so 2499th meeting, para. 271. He further stated that Sri far as they led to the revival of intercommunal dialogue. ‘Lanka would not extend any form of recognition to that entity. ‘. 7. In 1974, when Cyprus was invaded and occupied, the international community believed that what 12. Cyprus has come before the Security Council happened in Cyprus was an aberration in international once again because it is the principal organ of the relations and only a temporary phenomenon. However, United Nations which is responsible for the mainte- throughout the ensuing decade this belief has continued nance of international peace and security. The Council even when certain ominous developments took place in should not be complacent merely because there is no Cyprus, such as the unilateral announcement of Feb- violence or bloodshed in Cyprus at present. It has to ruary 1975 which declared that the occupied part of take into consideration the fact that the armed interven- Cyprus would become “the Turkish Federated State of tion against Cyprus took place 10 years ago and that the Cyprus”. occupation of that country has continued since then. 8. As we are aware, the Security Council and the 13. In his report of 1 May; the Secretary-General has General Assembly have recommended the continua- emphasized the importance of maintaining a continuing tion of intercommunal talks and have entrusted the process of communication and negotiation and unin- Secretary-General with the responsibility of pursuing terrupted deployment of the United Nations Peace- his mission of good offices. However, the international keeping Force in Cyprus (UNFICYP). The delegation community, to its dismay, finds the situation in Cyprus of Sri Lanka wholeheartedly supports this position. It is continuing to deteriorate. Regrettably, while the Sec- my delegation’s fervent hope that the Security Council, retary-General was making every attempt to fulfil his having taken into consideration the report of the Secre- mandate, the Turkish Cypriot side, on the other hand, tary-General and the statements made before the Coun- was continuing its strategy of working against the reso- cil, will decide on appropriate measures that would lutions of the Security Council. arrest the deteriorating situation in Cyprus. It is also 9. Having declared unilateral independence in No- our hope that the Council will give a fresh mandate to vember last year, which was declared legally invalid the Secretary-General to intensify his mission of good by the Security Council, the Turkish Cypriot side has offices and call on all parties concerned to give their taken other steps, such as announcing its intention to wholehearted co-operation to him, which is essential to adopt a flag of its own in March this year and holding finding a just and lasting solution to the problem of “constitutional referendum” and “elections” in Cyprus. August and November 1984,‘respectively, as indicated in the Secretary-General’s report [S/Z6529]. The situa- 14. In addition to any their decisions the Council may tion has been further aggravated by the decision to wish to make, it should also examine the most effective exchange ambassadors. We have to bear in mind that all ways of implementing its previous resolutions on the these activities were set in motion by the Turkish Cyp- subject, preferably within a given time-frame.
Recommended publications
  • Post-Programme Surveillance Report. Cyprus, Autumn 2020
    ISSN 2443-8014 (online) Post-Programme Surveillance Report Cyprus, Autumn 2020 INSTITUTIONAL PAPER 141 | NOVEMBER 2020 EUROPEAN ECONOMY Economic and Financial Affairs European Economy Institutional Papers are important reports analysing the economic situation and economic developments prepared by the European Commission's Directorate-General for Economic and Financial Affairs, which serve to underpin economic policy-making by the European Commission, the Council of the European Union and the European Parliament. Views expressed in unofficial documents do not necessarily represent the views of the European Commission. LEGAL NOTICE Neither the European Commission nor any person acting on behalf of the European Commission is responsible for the use that might be made of the information contained in this publication. This paper exists in English only and can be downloaded from https://ec.europa.eu/info/publications/economic-and-financial-affairs-publications_en. Luxembourg: Publications Office of the European Union, 2020 PDF ISBN 978-92-76-16330-5 ISSN 2443-8014 doi:10.2765/647053 KC-BC-20-018-EN-N © European Union, 2020 Reuse is authorised provided the source is acknowledged. The reuse policy of European Commission documents is regulated by Decision 2011/833/EU (OJ L 330, 14.12.2011, p. 39). For any use or reproduction of material that is not under the EU copyright, permission must be sought directly from the copyright holders. CREDIT Cover photography: © iStock.com/benslimanhassan European Commission Directorate-General for Economic and Financial Affairs Post-Programme Surveillance Report Cyprus, Autumn 2020 EUROPEAN ECONOMY Institutional Paper 141 ACKNOWLEDGEMENTS This report was prepared in the Directorate-General for Economic and Financial Affairs under the direction of Manfred Bergmann (Director), Moisés Orellana (Head of Unit for Cyprus) and Magdalena Morgese-Borys (Deputy Head of Unit for Cyprus).
    [Show full text]
  • İlgili Doküman İçin Tıklayın
    Prof. Dr. Ata ATUN Araştırmacı - Yazar E-mail : [email protected] Mobil : 0548 871 1111 Garantiler Varken Neler Olmuştu Hatırlayalım Rum Kilisesi bir taraftan dini kisve altında, yasal veya hukuk dışı yollarla Kıbrıs adası üzerinde bulunan Türk topraklarına sahip çıkmaya çalışırken, diğer taraftan da Rum Hükümeti Türklerin azınlık olduğu karma yerleşim yerlerinde, silah zoru ile Türkleri bölgeden uzaklaştırmak ve topraklarını da Rumlara dağıtmak çabalarını başlatmıştı 20. Yüzyılın başında. Böylece kilise, nüfus çoğunluğunu ve taşınmaz mal mülkiyet gücünü elinde bulundurarak Adanın gerçek sahihi olan Türk toplumunu azınlık durumuna getirerek, ileri aşamalarda kovma, asimilasyon ve terör hareketleriyle bıktırmak suretiyle tüm adaya sahip çıkmayı hedeflemişti. Nitekim Kıbrıs’ın Osmanlı yönetiminde bulunduğu yıllarda bu tür girişimlerde bulunan kilise, İngiliz sömürge döneminde büsbütün azarak, Adanın Rumlaştırılmasında ön plana geçmiş ve etkin rol oynayan bir güç haline gelmiştir. Kıbrıs kilisesinin gerek Türk şahıslar elinden ve gerekse İngiliz sömürge yöneticilerini ayartarak hile ve desiselerle ada toprağından gasp ettikleri taşınmaz malların miktarı korkunç, boyutlardadır. Yazılı bazı Rumca kaynaklar en acı gerçekleri açıkça ortaya koymaktadırlar. İstanbul Başbakanlık Arşivi’nde yer alan “Kilise Mukataası ve Emval Defterleri”nde kayıtlı bulunan taşınmaz mal miktarları ile İngiliz sömürge yıllarına doğru kiliseler ve manastırlar adına kaydedilen taşınmaz mal miktarları arasında çok büyük rakam farkı olduğu bilinmektedir. 1821’li yıllarda başkaldırı olaylarında ön planda bulunan Kıbrıs Ortodoks Başpiskoposluğu’nun kendi arşivlerinde saklı bulundurduğu emlak kayıt defterleri ve taşınmaz mülkleri ile ilgili tutanaklar, oldukça karmaşık vaziyette ve de gizlilik içerisindedir. 21 Aralık 1963’de Akritas Planı uyarınca Rumların Türklere karşı başlattığı sistemli saldırılardan sonra Kıbrıslı Türkler, 50 yerleşim biriminden 1,000 dolayında konutu terk etmeye zorlanmışlardır.
    [Show full text]
  • Orams Case Factsheet
    Facts about the orams case Contents A. Background to the Orams Legal Dispute B. Protocol 10, Cyprus’ EU Accession Treaty 2003 C. Facts relating to the European Court of Justice’s Ruling on the Orams case D. Putting the Orams Case into Context A. BACkgrounD to the orAms LegAL Dispute 1. Linda and David orams (defendants) are engaged in a long-running legal battle with Meletis Apostolides (plaintiff), a Greek Cypriot who claims the land their villa stands on. 2. The orams’, a retired British couple, paid an estimated £160,000 in 2003 for tRnC (turkish Republic of north Cyprus), deeds to their detached villa in Lapta, just outside Kyrenia. 3. On 27 october 2004, Mr Apostolides had papers served on Mrs orams at her Lapta villa while her husband was away in the United Kingdom (UK). the documents were written in Greek and Mrs orams refused to sign for them. 4. Mrs orams eventually found someone who could translate the papers and she discovered that she had received a court summons from the Greek court of south nicosia. By this time, the deadline for making a response to the court had passed and just 12 days after the writ had been issued, the Greek Cypriot court passed judgment in favour of the complainant, Mr Apostolides, ordering Mr & Mrs orams to demolish their house in Lapta, return the land to the complainant and pay him compensation. 5. The time provided by the Greek Cypriot court was clearly insufficient for the defendant to organise a defence in Greek in a foreign territory, and Mrs orams has since lodged a claim that she did not receive a fair trial and her human rights have been breached.
    [Show full text]
  • ﺍﳉﻤﻌﻴـﺔ ﺍﻟﻌﺎﻣـﺔ A/HRC/10/G/12 30 March 2009
    ﺍﻷﻣﻢ ﺍﳌﺘﺤﺪﺓ A Distr. GENERAL ﺍﳉﻤﻌﻴـﺔ ﺍﻟﻌﺎﻣـﺔ A/HRC/10/G/12 30 March 2009 ARABIC Original: ENGLISH ﳎﻠﺲ ﺣﻘﻮﻕ ﺍﻹﻧﺴﺎﻥ ﺍﻟﺪﻭﺭﺓ ﺍﻟﻌﺎﺷﺮﺓ ﺍﻟﺒﻨﺪ ٣ ﻣﻦ ﺟﺪﻭﻝ ﺍﻷﻋﻤﺎﻝ ﺍﻟﺘﻘﺮﻳﺮ ﺍﻟﺴﻨﻮﻱ ﳌﻔﻮﺿﺔ ﺍﻷﻣﻢ ﺍﳌﺘﺤﺪﺓ ﺍﻟﺴﺎﻣﻴﺔ ﳊﻘﻮﻕ ﺍﻹﻧﺴﺎﻥ، ﻭﺗﻘﺎﺭﻳﺮ ﺍﳌﻔﻮﺿﻴﺔ ﺍﻟﺴﺎﻣﻴﺔ ﻭﺍﻷﻣﲔ ﺍﻟﻌﺎﻡ ﻣﺬﻛﺮﺓ ﺷﻔﻮﻳﺔ* ﻣﺆﺭﺧﺔ ٢٦ ﺁﺫﺍﺭ/ﻣﺎﺭﺱ ٢٠٠٩ ﻭﻣﻮﺟﻬﺔ ﺇﱃ ﻣﻔﻮﺿﻴـﺔ ﺍﻷﻣﻢ ﺍﳌﺘﺤﺪﺓ ﺍﻟﺴﺎﻣﻴﺔ ﳊﻘﻮﻕ ﺍﻹﻧﺴﺎﻥ ﻣﻦ ﺍﻟﺒﻌﺜﺔ ﺍﻟﺪﺍﺋﻤﺔ ﳉﻤﻬﻮﺭﻳﺔ ﺗﺮﻛﻴﺎ ﺟﻨﻴﻒ، ٢٦ ﺁﺫﺍﺭ/ﻣﺎﺭﺱ ٢٠٠٩ ﻬﺗﺪﻱ ﺍﻟﺒﻌﺜﺔ ﺍﻟﺪﺍﺋﻤﺔ ﳉﻤﻬﻮﺭﻳﺔ ﺗﺮﻛﻴﺎ ﻟﺪﻯ ﻣﻜﺘﺐ ﺍﻷﻣﻢ ﺍﳌﺘﺤﺪﺓ ﲜﻨﻴﻒ ﻭﺳﺎﺋﺮ ﺍﳌﻨﻈﻤﺎﺕ ﺍﻟﺪﻭﻟﻴﺔ ﰲ ﺳﻮﻳﺴﺮﺍ ﲢﻴﺎﻬﺗﺎ ﺇﱃ ﻣﻔﻮﺿﻴﺔ ﺍﻷﻣﻢ ﺍﳌﺘﺤﺪﺓ ﺍﻟﺴﺎﻣﻴﺔ ﳊﻘﻮﻕ ﺍﻹﻧﺴﺎﻥ ﻭﻳﺸﺮﻓﻬﺎ ﺃﻥ ﲢﻴﻞ ﻃﻴﻪ ﻧﺴﺨﺔ ﻣﻦ ﺍﻟﺮﺳﺎﻟﺔ ﺍﻟﱵ ﻭﺟﻬﻬـﺎ ﺍﻷﺳﺘﺎﺫ ﺍﳌﺸﺎﺭﻙ، ﺍﻟﺴﻴﺪ ﺗﻮﺭﻏﺎﻱ ﺃﻓﺠﻲ، ﻧﺎﺋﺐ ﺭﺋﻴﺲ ﺍﻟﻮﺯﺭﺍﺀ ﻭﻭﺯﻳﺮ ﺍﳋﺎﺭﺟﻴﺔ ﳉﻤﻬﻮﺭﻳﺔ ﴰﺎﻝ ﻗﱪﺹ ﺍﻟﺘﺮﻛﻴﺔ ﻭﺍﻟﱵ ﺗﺒﲔ ﺁﺭﺍﺀ ﺍﻟﻘﺒﺎﺭﺻﺔ ﺍﻷﺗﺮﺍﻙ ﺑﺸﺄﻥ ﺗﻘﺮﻳﺮ ﺍﻷﻣﲔ ﺍﻟﻌﺎﻡ ﺍﳌﺆﺭﺥ ٥ ﺁﺫﺍﺭ/ﻣﺎﺭﺱ ٢٠٠٩ ﻭﺍﳌﻘﺪﻡ ﺇﱃ ﺍﻟﺪﻭﺭﺓ ﺍﻟﻌﺎﺷﺮﺓ ﺠﻤﻟﻠﺲ ﺣﻘﻮﻕ ﺍﻹﻧﺴﺎﻥ ﲢﺖ ﻋﻨﻮﺍﻥ "ﻣﺴﺎﺋﻞ ﺣﻘﻮﻕ ﺍﻹﻧﺴﺎﻥ ﰲ ﻗﱪﺹ" (A/HRC/10/37). ﻭﺳﺘﻜﻮﻥ ﺍﻟﺒﻌﺜﺔ ﺍﻟﺪﺍﺋﻤﺔ ﳉﻤﻬﻮﺭﻳﺔ ﺗﺮﻛﻴﺎ ﳑﺘﻨﺔ ﻟﻮ ﰎ ﺗﻌﻤﻴﻢ ﻫﺬﻩ ﺍﳌﺬﻛﺮﺓ ﻭﻣﺮﻓﻘﻴﻬﺎ ﺑﻮﺻﻔﻬﻤﺎ ﻭﺛﻴﻘﺔ ﺭﲰﻴﺔ ﻣﻦ ﻭﺛﺎﺋﻖ ﺍﻟﺪﻭﺭﺓ ﺍﻟﻌﺎﺷﺮﺓ ﺠﻤﻟﻠﺲ ﺣﻘﻮﻕ ﺍﻹﻧﺴﺎﻥ. ﻭﺗﻨﺘﻬﺰ ﺍﻟﺒﻌﺜﺔ ﺍﻟﺪﺍﺋﻤﺔ ﳉﻤﻬﻮﺭﻳﺔ ﺗﺮﻛﻴﺎ ﻫﺬﻩ ﺍﻟﻔﺮﺻﺔ ﻟﺘﻌﺮﺏ ﻣﻦ ﺟﺪﻳﺪ ﳌﻔﻮﺿﻴﺔ ﺍﻷﻣﻢ ﺍﳌﺘﺤﺪﺓ ﺍﻟﺴﺎﻣﻴﺔ ﳊﻘﻮﻕ ﺍﻹﻧﺴﺎﻥ ﻋﻦ ﺃﲰﻰ ﺁﻳﺎﺕ ﺗﻘﺪﻳﺮﻫﺎ. * ﺻﺪﺭﺕ ﰲ ﺍﳌﺮﻓﻘﲔ ﻛﻤﺎ ﻭﺭﺩﺕ ﻭﺑﺎﻟﻠﻐﺔ ﺍﻟﱵ ﻗﹸ ﺪﱢﻣﺖ ﻬﺑﺎ ﻓﻘﻂ. (A) GE.09-12673 150409 160409 A/HRC/10/G/12 Page 2 Annex I Excellency, I have the honour to refer to the Report on the “Question of human rights in Cyprus” dated 5 March 2009 (A/HRC/10/37) which has been submitted to the 10th session of the UN Human Rights Council held in Geneva, pursuant to decision 2/102 taken at its 29th meeting on 6 October 2006 regarding the "Reports and studies of mechanisms and mandates" and to bring the following considerations to your kind attention: At the outset, I wish to underline the fact that the references in the report to the so-called “Republic of Cyprus”, “Government of the Republic of Cyprus”, “the Education Minister of the Government of Republic of Cyprus”, “Cypriot National Youth Agency”, and the “Supreme Court of the Republic of Cyprus” reflect neither the realities nor the legal position in Cyprus.
    [Show full text]
  • 1 SECRET LAIKI POPULAR BANK How a Bank's Mismanagement
    SECRET LAIKI POPULAR BANK How a bank’s mismanagement toppled an economy Introduction This study has been carried out following the instructions by the President of the Republic of Cyprus, Nicos Anastasiades with the aim of tracking down the causes which led the Cypriot economy to the brink of collapse. The objective is to draw lessons from the past and take corrective measures so that the country will never find itself in a similar, critical position. The documentation used is based on material from the archives of the Presidential Palace. Moreover, important confidential material of the Central Bank of Cyprus (CBC) has been utilized, which was submitted to the Investigation Committee appointed by the Ministerial Council with the task of looking into the causes which led to the financial crisis. This material has not been adequately utilized by the Committee - for reasons already explained by the Committee itself- and has been delivered to the State archive. The framework of the study’s findings is as follows: Since 2011, when the Cypriot economy was initially downgraded by international rating agencies, the problems were spotted at the banks, as a result of the Greek crisis, and to the Government’s weakness to support them financially should the need arose. Briefly, these problems can be summarized as follows: - The size of the banks was about seven times that of the economy’s GDP. - Private indebtedness (companies and households) without sufficient collateral. 1 - Cypriot banks were exposed to Greece which found itself in a protracted crisis and with a visible risk of exiting the euro area.
    [Show full text]
  • List of Credit Acquiring Companies Licenced by the Central Bank of Cyprus
    CENTRAL BANK OF CYPRUS EUROSYSTEM LIST OF CREDIT ACQUIRING COMPANIES LICENCED BY THE CENTRAL BANK OF CYPRUS (The Sale of Credit Facilities and Related Matters Law, 2015 (L.169(I)/2015)- section 5(5)) ALPHA CREDIT ACQUISITION COMPANY LIMITED Registration Number: HE404233 Issue of Licence date: 30/04/2020 Licence Number: 115.1.34.11 Address: 11 Limassol Avenue, Galatariotis Build., 2nd Floor, 2112 Nicosia Chairman of Board of Directors: Mr George Georgiou APS LOAN MANAGEMENT LTD Registration Number: HE393733 Issue of Licence date: 21/06/2019 Licence Number: 115.1.34.10 Address: 20 Amphipoleos Street, Megaro Amphipoleos, Cy-2025 Nicosia. Executive Officer: Mr Demetris Constantinides B2KAPITAL CYPRUS LTD Registration Number: HE378002 Issue of Licence date: 10/05/2018 Licence Number: 115.1.34.6 Address: 79 Spyrou Kyprianou Avenue, 4042 Limassol. Telephone Number: 25259620 E-mail address: [email protected] Website address: www.b2kapital.com.cy Chief Executive Officer: Mr Rakis Christophorou CENTRAL BANK OF CYPRUS EUROSYSTEM CAC CORAL LIMITED Registration Number: HE387010 Issue of Licence date: 25/09/2018 Licence Number: 115.1.34.7 Address: 15 Archbishop Makarios III Avenue, Cy-1065 Nicosia Telephone Number: 22840100 General Manager: Mr Christodoulos Christodoulou COOPERATIVE ASSET MANAGEMENT COMPANY LTD Registration Number: Cooperative Company No. 0088/1937 Issue of Licence date: 28/01/2019 Licence Number: 115.1.34.9 Address: 8 Gregori Afxentiou Street, Cy-1096 Nicosia. Telephone Number: 22743000 Chairman of the Board of Directors: Mr George Panteli CYPRUS ASSET MANAGEMENT COMPANY LIMITED Registration Number: HE387704 Issue of Licence date: 31/08/2018 Licence Number: 115.1.34.8 Address: 8 Gregori Afxentiou Street, Cy-1096 Nicosia.
    [Show full text]
  • Banking Crisis in Cyprus: Causes, Consequences and Recent Developments*
    1 Banking Crisis in Cyprus: Causes, Consequences and Recent Developments* Scott Brown University of Puerto Rico, USA Demetra Demetriou Cyprus University of Technology, Cyprus Panayiotis Theodossiou Cyprus University of Technology, Cyprus The economy of Cyprus was barely affected by the U.S. subprime mortgage debacle. The economic crisis in Cyprus was initially driven by fiscal mismanagement and subsequently by the failure of the government and its regulatory branches to monitor the imprudent behavior and risky investment actions of top executives in the banking sector. That is, banking executives run amok due to poor monitoring leading to severe agency problems in the Cypriot banking industry. The economic effects of the first capital-controlled bail-in in the EU in 2013 temporarily hobbled the real economy and the banking sector of Cyprus. Nevertheless, in less than five years, the economy of Cyprus recovered almost fully. This paper provides an economic analysis of the macroeconomic, banking and political events that led to the economic collapse in Cyprus. We also cover the interim period between collapse and recovery. The Cyprus case is an opportunity for European economic agents and regulators to learn how to avoid bail-in and welfare bloat. Studying Cyprus helps the reader see the most troubling cracks in the foundations of the European Fortress. * We are deeply grateful for useful comments received from Sheridan Titman, Lorne Switzer, Ganesh Rajappan, Gevorg Sargsyan, Adam Welker, Mary Becker, Carlos Vila, and the former Puerto Rico Secretary of State, Antonio (Tito) Colorado at the 2019 Winter MFS Conference at the University of Puerto Rico. This study benefited from extensive discussions with former Hellenic and Cyprus Cooperative Bank executives Marios Clerides, Nearchos Ioannou and Makis Keravnos.
    [Show full text]
  • Central Bank of Cyprus Eurosystem Prevention Of
    CENTRAL BANK OF CYPRUS EUROSYSTEM PREVENTION OF MONEY LAUNDERING AND TERRORIST FINANCING DIRECTIVE TO CREDIT INSTITUTIONS IN ACCORDANCE WITH ARTICLE 59(4) OF THE PREVENTION AND SUPPRESSION OF MONEY LAUNDERING ACTIVITIES LAWS OF 2007 TO 2013 (FOURTH ISSUE) DECEMBER 2013 CENTRAL BANK OF CYPRUS EUROSYSTEM CONTENTS PAGE PREFACE 1 1. INTERNAL CONTROL PROCEDURES AND RISK MANAGEMENT 3 1.1 Obligation to establish procedures 3 1.2 Customer Acceptance Policy 7 2. THE ROLE OF THE MONEY LAUNDERING COMPLIANCE OFFICER 8 2.1 Appointment of a Money Laundering Compliance Officer (“MLCO”) 8 2.2 Duties of the Money Laundering Compliance Officer 9 2.3 Annual Report of the Money Laundering Compliance Officer 14 3. THE APPLICATION OF APPROPRIATE MEASURES AND 17 PROCEDURES ON A RISK SENSITIVE BASIS 3.1 Introduction 17 3.2 Identifying and Assessing Risks 18 3.3 Design and implementation of controls to manage and mitigate risks 19 3.4 Monitoring and improving the effective operation of credit 21 institutions’ internal procedures 3.5 Dynamic risk management 22 3.6 Risk management report 22 4. CUSTOMER IDENTIFICATION AND DUE DILIGENCE PROCEDURES 23 4.1 Introduction 23 4.2 When customer identification and due diligence procedures should be applied. 23 4.3 Customer identification and due diligence procedures 24 Central Bank of Cyprus’s Directive – December 2013 i CENTRAL BANK OF CYPRUS EUROSYSTEM 4.4 Timing of identification 25 4.5 Exercise of due diligence and updating of identification data of existing customers 26 4.6 Simplified customer identification and due
    [Show full text]
  • 215 No. 226. the ELECTIONS (HOUSE of REPRESENTATIVES and COMMUNAL CHAMBERS) LAWS, 1959 and 1960
    215 No. 226. THE ELECTIONS (HOUSE OF REPRESENTATIVES AND COMMUNAL CHAMBERS) LAWS, 1959 AND 1960. ORDER MADE UNDER SECTION 19(1). In exercise of the powers vested in him by section 19 (1) of the Elections (House of Representatives and Communal Chambers) Laws, 1959 and 1960, His Excellency the Governor has been pleased to make the following Order :— 1. This Order may be cited as the Elections (House of Representatives and Communal Chambers) (Turkish Polling Districts) Order, 1960. 2. For the purpose of holding a poll for the election of Turkish members of the House of Representatives, and for the election of members of the Turkish Communal Chambers, the six Turkish constituencies in Cyprus shall be divided into the polling districts set out in the first column of the Schedule hereto, the names of the towns or villages the area of which comprise such polling district being shown in the second column of the said Schedule opposite thereto. SCHEDULE. The Turkish Constituency of Nicosia. Town or Villages included Polling District in Polling District Nicosia Town Nicosia Town Kutchuk Kaimakli (a) Kutchuk Kaimakli (b) Kaimakli (c) Η amid Mandres (d) Eylenja (e) Palouriotissa Geunycli (a) Geunyeli (b) Kanlikeuy Ortakeuy (a) Ortakeuy (b) Trachonas (c) Ay. Dhometios (d) Engomi Peristerona (a) Peristerona (b) Akaki (c) Dhenia (d) Eliophotes (e) Orounda Skylloura (a) Skylloura (b) Ay. Vassilios (c) Ay. Marina (Skyllouras) '(d) Dhyo Potami Epicho (a) Epicho (b) Bey Keuy (c) Neochorio (d) Palekythro (e) Kythrea Yenidje Keuy (a) Yenidje Keuy (b) Kourou Monastir (c) Kallivakia Kotchati (a) Kotchati (b) Nissou (c) Margi (d) Analiondas (e) Kataliondas Mathiatis Mathiatis Potamia (a) Potamia (b) Dhali (c) Ay.
    [Show full text]
  • THE BANKING SYSTEM of CYPRUS Also by Kate Phylaktis
    THE BANKING SYSTEM OF CYPRUS Also by Kate Phylaktis FINANCIAL DATA OF BANKS AND OTHER FINANCIAL INSTITUTIONS INTERNATIONAL FINANCE AND THE LESS DEVELOPED COUNTRIES (editor with M. Pradhan) The Banking System of Cyprus Past, Present and Future Kate Phylaktis Reader in International Finance Director of the Research Centre in Financial Development City University Business School London palgrave macmillan © Kate Phylaktis 1995 Softcover reprint of the hardcover 1st edition 1995 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No paragraph of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, 90 Tottenham Court Road, London WIP 9HE. Any person who does any unauthorised act in relation to this publication may be liable to criminal prosecution and civil claims for damages. This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources. Logging, pulping and manufacturing processes are expected to conform to the environmental regulations ofthe country of origin. First published 1995 by MACMILLAN PRESS LTD Houndmills, Basingstoke, Hampshire RG21 2XS and London Companies and representatives throughout the world ISBN 978-1-349-12870-9 ISBN 978-1-349-12868-6 (eBook) DOI 10.1007/978-1-349-12868-6 A catalogue record
    [Show full text]
  • List of Credit Acquiring Companies Licenced by the Central Bank of Cyprus
    CENTRAL BANK OF CYPRUS EUROSYSTEM LIST OF CREDIT ACQUIRING COMPANIES LICENCED BY THE CENTRAL BANK OF CYPRUS (The Sale of Credit Facilities and Related Matters Law, 2015 (L.169(I)/2015)- section 5(5)) ALPHA CREDIT ACQUISITION COMPANY LIMITED Registration Number: HE404233 Issue of Licence date: 30/04/2020 Licence Number: 115.1.34.11 Address: 11 Limassol Avenue, Galatariotis Build., 2nd Floor, 2112 Nicosia Chairman of Board of Directors: Mr George Georgiou APS LOAN MANAGEMENT LTD Registration Number: HE393733 Issue of Licence date: 21/06/2019 Licence Number: 115.1.34.10 Address: 20 Amphipoleos Street, Megaro Amphipoleos, Cy-2025 Nicosia. Executive Officer: Mr Demetris Constantinides B2KAPITAL CYPRUS LTD Registration Number: HE378002 Issue of Licence date: 10/05/2018 Licence Number: 115.1.34.6 Address: 79 Spyrou Kyprianou Avenue, 4042 Limassol. Telephone Number: 25259620 E-mail address: [email protected] Website address: www.b2kapital.com.cy Chief Executive Officer: Mr Rakis Christophorou CENTRAL BANK OF CYPRUS EUROSYSTEM CAC CORAL LIMITED Registration Number: HE387010 Issue of Licence date: 25/09/2018 Licence Number: 115.1.34.7 Address: 15 Archbishop Makarios III Avenue, Cy-1065 Nicosia Telephone Number: 22840100 General Manager: Mr Christodoulos Christodoulou COOPERATIVE ASSET MANAGEMENT COMPANY LTD Registration Number: Cooperative Company No. 0088/1937 Issue of Licence date: 28/01/2019 Licence Number: 115.1.34.9 Address: 8 Gregori Afxentiou Street, Cy-1096 Nicosia. Telephone Number: 22743000 Chairman of the Board of Directors: Mr George Panteli CYCMC III LIMITED Registration Number: HE378131 Issue of Licence date: 08/08/2018 Licence Number: 115.1.34.4 Address: 51 Stasinou Street, Strovolos, 2002 Nicosia.
    [Show full text]
  • Banking Licence Application Process Download
    Banking Licence application process Banking Licence application process 02 Banking Licence application process Taking the hassle of dealing with the Central Bank of Cyprus off our clients shoulders Applying for a Banking Licence can be a complicated process. Deloitte offers the full spectrum of services required to help your organisation address the Regulator's requirements. Introduction At a high level the banking licence application process is as follows: • Pre-application meetings • Application stage • Licensing of the bank • Authorisation for the commencement of banking business by the bank This note sets out an overview of the steps and information an applicant is expected to complete as part of the Central Bank of Cyprus’ (CBC’s) Banking licence application process. Overview of the process Minimum Capital: • The EU law sets the minimum amount of capital for an applicant at EUR 5 million Timings: • The CBC has up to 6 months from the date of receiving a complete application (i.e excluding the time during which questions are being raised and additional information requested) for the communication of a decision • In the event that the application is successful, and a licence is issued by CBC, the licensed bank must, within a maximum period of 12 months, prepare for its setting up and operation. Management: • At least two Executive directors are required Phases • Phase A: During the Pre-application period the CBC will try and explore some Early stage questions (Appendix A lists some indicative questions) • Phase B: During the application phase, the Application form must be submitted alongside an extensive list of information and documentation.
    [Show full text]