Capital controls to be imposed in Cyprus will limit foreign transactions and capital outflows but not movements of money within the country itself, the head of the Cyprus chamber of commerce said on Wednesday after meeting government officials.
Cypriot President Nicos Anastasiades flies to Brussels on Sunday to seek an 11th-hour reprieve from financial meltdown, with a bailout from the European Union and the island's place in Europe's single currency bloc hanging in the balance
Cypriots voted on Sunday in a runoff to elect a president who must clinch a bailout deal before the island nation plunges into a financial meltdown that would revive the euro zone debt crisis.
Conservative leader Nicos Anastasiade
At least eight people were killed and dozens injured in a massive blast which ripped through a military base in Cyprus on Monday and shut down the island's largest power plant.
The explosion was thought to have occured in a munitions dump
Qatar has signed a deal with Cyprus to develop a hotel, office and residential complex in the capital Nicosia, targeting rising numbers of visitors to the east Mediterranean island.
Qatari Diar Real Estate Investment Company and the Cyprio