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:
“Oh, I realize it’s a penny here and a penny there, but look at me: I’ve worked myself up from nothing to a state of extreme poverty.”
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—Joseph Featherstone (20th century)