Business Ties
In September 2010 Dmitry Rybolovlev became the major shareholder of the largest Cyprus bank, the Bank of Cyprus, after buying 9.7% of its shares. Finance Minister Vassos Shiarly said June 19 in Nicosia that the Cypriot government is pursuing a loan from Russia to improve its bargaining position in case it has to turn to its Euro-area partners for emergency aid.
"The money is leaving but not the people. Many, like me and my family, are waiting to see this out," said Slava Mishin, 42, a financial services employee who lives in Limassol. "We are here because of the climate, because of the same religion, the language -- we can use English -- because we are not far from home, and we want our kids to grow up in a safe environment and have a European education."
Read more about this topic: Russians In Cyprus
Famous quotes containing the words business and/or ties:
“...we shall never be the people we should and might be until we have learned that it is the first and most important business of a nation to protect its women, not by any puling sentimentality of queenship, chivalry or angelhood, but by making it possible for them to earn an honest living.”
—Katharine Pearson Woods (1853–1923)
“Sudden and swift and light as that
The ties gave,
And he learned of finalities
Beside the grave.”
—Robert Frost (1874–1963)