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:
“All our lives we fought against exalting the individual, against the elevation of the single person, and long ago we were over and done with the business of a hero, and here it comes up again: the glorification of one personality. This is not good at all. I am just like everybody else.”
—Vladimir Ilyich Lenin (1870–1924)
“One theme links together these new proposals for family policy—the idea that the family is exceedingly durable. Changes in structure and function and individual roles are not to be confused with the collapse of the family. Families remain more important in the lives of children than other institutions. Family ties are stronger and more vital than many of us imagine in the perennial atmosphere of crisis surrounding the subject.”
—Joseph Featherstone (20th century)