Question: Who was accused of violating the Geneva Conventions?

Answer: Turkey

<hl> In 2014, Turkey was ordered by the European Court of Human Rights to pay well over $100m in compensation to Cyprus for the invasion; Ankara announced that it would ignore the judgment. <hl> In 2014, a group of Cypriot refugees and a European parliamentarian, later joined by the Cypriot government, filed a complaint to the International Court of Justice, accusing Turkey of violating the Geneva Conventions by directly or indirectly transferring its civilian population into occupied territory. Over the preceding ten years, civilian transfer by Turkey had "reached new heights", in the words of one US ambassador.[f] Other violations of the Geneva and the Hague Conventions—both ratified by Turkey—amount to what archaeologist Sophocles Hadjisavvas called "the organized destruction of Greek and Christian heritage in the north". These violations include looting of cultural treasures, deliberate destruction of churches, neglect of works of art, and altering the names of important historical sites, which was condemned by the International Council on Monuments and Sites. Hadjisavvas has asserted that these actions are motivated by a Turkish policy of erasing the Greek presence in Northern Cyprus within a framework of ethnic cleansing, as well as by greed and profit-seeking on the part of the individuals involved.

In 2014, <hl> Turkey <hl> was ordered by the European Court of Human Rights to pay well over $100m in compensation to Cyprus for the invasion; Ankara announced that it would ignore the judgment. In 2014, a group of Cypriot refugees and a European parliamentarian, later joined by the Cypriot government, filed a complaint to the International Court of Justice, accusing Turkey of violating the Geneva Conventions by directly or indirectly transferring its civilian population into occupied territory. Over the preceding ten years, civilian transfer by Turkey had "reached new heights", in the words of one US ambassador.[f] Other violations of the Geneva and the Hague Conventions—both ratified by Turkey—amount to what archaeologist Sophocles Hadjisavvas called "the organized destruction of Greek and Christian heritage in the north". These violations include looting of cultural treasures, deliberate destruction of churches, neglect of works of art, and altering the names of important historical sites, which was condemned by the International Council on Monuments and Sites. Hadjisavvas has asserted that these actions are motivated by a Turkish policy of erasing the Greek presence in Northern Cyprus within a framework of ethnic cleansing, as well as by greed and profit-seeking on the part of the individuals involved.


Question: What year was Turkey ordered to pay fines to Cyprus?

In 2014, Turkey was ordered by the European Court of Human Rights to pay well over $100m in compensation to Cyprus for the invasion; Ankara announced that it would ignore the judgment. In 2014, a group of Cypriot refugees and a European parliamentarian, later joined by the Cypriot government, filed a complaint to the International Court of Justice, accusing Turkey of violating the Geneva Conventions by directly or indirectly transferring its civilian population into occupied territory. Over the preceding ten years, civilian transfer by Turkey had "reached new heights", in the words of one US ambassador.[f] Other violations of the Geneva and the Hague Conventions—both ratified by Turkey—amount to what archaeologist Sophocles Hadjisavvas called "the organized destruction of Greek and Christian heritage in the north". These violations include looting of cultural treasures, deliberate destruction of churches, neglect of works of art, and altering the names of important historical sites, which was condemned by the International Council on Monuments and Sites. Hadjisavvas has asserted that these actions are motivated by a Turkish policy of erasing the Greek presence in Northern Cyprus within a framework of ethnic cleansing, as well as by greed and profit-seeking on the part of the individuals involved.

Answer: 2014

<hl> In 2014 , Turkey was ordered by the European Court of Human Rights to pay well over $100m in compensation to Cyprus for the invasion; Ankara announced that it would ignore the judgment. <hl> In 2014, a group of Cypriot refugees and a European parliamentarian, later joined by the Cypriot government, filed a complaint to the International Court of Justice, accusing Turkey of violating the Geneva Conventions by directly or indirectly transferring its civilian population into occupied territory. Over the preceding ten years, civilian transfer by Turkey had "reached new heights", in the words of one US ambassador.[f] Other violations of the Geneva and the Hague Conventions—both ratified by Turkey—amount to what archaeologist Sophocles Hadjisavvas called "the organized destruction of Greek and Christian heritage in the north". These violations include looting of cultural treasures, deliberate destruction of churches, neglect of works of art, and altering the names of important historical sites, which was condemned by the International Council on Monuments and Sites. Hadjisavvas has asserted that these actions are motivated by a Turkish policy of erasing the Greek presence in Northern Cyprus within a framework of ethnic cleansing, as well as by greed and profit-seeking on the part of the individuals involved.

In <hl> 2014 <hl>, Turkey was ordered by the European Court of Human Rights to pay well over $100m in compensation to Cyprus for the invasion; Ankara announced that it would ignore the judgment. In 2014, a group of Cypriot refugees and a European parliamentarian, later joined by the Cypriot government, filed a complaint to the International Court of Justice, accusing Turkey of violating the Geneva Conventions by directly or indirectly transferring its civilian population into occupied territory. Over the preceding ten years, civilian transfer by Turkey had "reached new heights", in the words of one US ambassador.[f] Other violations of the Geneva and the Hague Conventions—both ratified by Turkey—amount to what archaeologist Sophocles Hadjisavvas called "the organized destruction of Greek and Christian heritage in the north". These violations include looting of cultural treasures, deliberate destruction of churches, neglect of works of art, and altering the names of important historical sites, which was condemned by the International Council on Monuments and Sites. Hadjisavvas has asserted that these actions are motivated by a Turkish policy of erasing the Greek presence in Northern Cyprus within a framework of ethnic cleansing, as well as by greed and profit-seeking on the part of the individuals involved.

In <hl> 2014 <hl> , Turkey was ordered by the European Court of Human Rights to pay well over $100m in compensation to Cyprus for the invasion; Ankara announced that it would ignore the judgment.


Question: Why was Turkey accused of violating the Geneva Conventions?

Answer: directly or indirectly transferring its civilian population into occupied territory

In 2014, Turkey was ordered by the European Court of Human Rights to pay well over $100m in compensation to Cyprus for the invasion; Ankara announced that it would ignore the judgment. <hl> In 2014, a group of Cypriot refugees and a European parliamentarian, later joined by the Cypriot government, filed a complaint to the International Court of Justice, accusing Turkey of violating the Geneva Conventions by directly or indirectly transferring its civilian population into occupied territory . <hl> Over the preceding ten years, civilian transfer by Turkey had "reached new heights", in the words of one US ambassador.[f] Other violations of the Geneva and the Hague Conventions—both ratified by Turkey—amount to what archaeologist Sophocles Hadjisavvas called "the organized destruction of Greek and Christian heritage in the north". These violations include looting of cultural treasures, deliberate destruction of churches, neglect of works of art, and altering the names of important historical sites, which was condemned by the International Council on Monuments and Sites. Hadjisavvas has asserted that these actions are motivated by a Turkish policy of erasing the Greek presence in Northern Cyprus within a framework of ethnic cleansing, as well as by greed and profit-seeking on the part of the individuals involved.

In 2014, Turkey was ordered by the European Court of Human Rights to pay well over $100m in compensation to Cyprus for the invasion; Ankara announced that it would ignore the judgment. In 2014, a group of Cypriot refugees and a European parliamentarian, later joined by the Cypriot government, filed a complaint to the International Court of Justice, accusing Turkey of violating the Geneva Conventions by <hl> directly or indirectly transferring its civilian population into occupied territory <hl>. Over the preceding ten years, civilian transfer by Turkey had "reached new heights", in the words of one US ambassador.[f] Other violations of the Geneva and the Hague Conventions—both ratified by Turkey—amount to what archaeologist Sophocles Hadjisavvas called "the organized destruction of Greek and Christian heritage in the north". These violations include looting of cultural treasures, deliberate destruction of churches, neglect of works of art, and altering the names of important historical sites, which was condemned by the International Council on Monuments and Sites. Hadjisavvas has asserted that these actions are motivated by a Turkish policy of erasing the Greek presence in Northern Cyprus within a framework of ethnic cleansing, as well as by greed and profit-seeking on the part of the individuals involved.

In 2014, a group of Cypriot refugees and a European parliamentarian, later joined by the Cypriot government, filed a complaint to the International Court of Justice, accusing Turkey of violating the Geneva Conventions by <hl> directly or indirectly transferring its civilian population into occupied territory <hl> .


Question: What incident was the most deadly military accident that occurred on Cyprus?

The air force includes the 449th Helicopter Gunship Squadron (449 ΜΑΕ) – operating Aérospatiale SA-342L and Bell 206 and the 450th Helicopter Gunship Squadron (450 ME/P) – operating Mi-35P helicopters and the Britten-Norman BN-2B and Pilatus PC-9 fixed-wing aircraft. Current senior officers include Supreme Commander, Cypriot National Guard, Lt. General Stylianos Nasis, and Chief of Staff, Cypriot National Guard: Maj. General Michalis Flerianos.[citation needed] The Evangelos Florakis Naval Base explosion, which occurred on 11 July 2011, was the most deadly military accident ever recorded in Cyprus.

Answer: Evangelos Florakis Naval Base explosion

The air force includes the 449th Helicopter Gunship Squadron (449 ΜΑΕ) – operating Aérospatiale SA-342L and Bell 206 and the 450th Helicopter Gunship Squadron (450 ME/P) – operating Mi-35P helicopters and the Britten-Norman BN-2B and Pilatus PC-9 fixed-wing aircraft. Current senior officers include Supreme Commander, Cypriot National Guard, Lt. General Stylianos Nasis, and Chief of Staff, Cypriot National Guard: Maj. General Michalis Flerianos.[citation needed] <hl> The Evangelos Florakis Naval Base explosion , which occurred on 11 July 2011, was the most deadly military accident ever recorded in Cyprus. <hl>

The air force includes the 449th Helicopter Gunship Squadron (449 ΜΑΕ) – operating Aérospatiale SA-342L and Bell 206 and the 450th Helicopter Gunship Squadron (450 ME/P) – operating Mi-35P helicopters and the Britten-Norman BN-2B and Pilatus PC-9 fixed-wing aircraft. Current senior officers include Supreme Commander, Cypriot National Guard, Lt. General Stylianos Nasis, and Chief of Staff, Cypriot National Guard: Maj. General Michalis Flerianos.[citation needed] The <hl> Evangelos Florakis Naval Base explosion <hl>, which occurred on 11 July 2011, was the most deadly military accident ever recorded in Cyprus.

The <hl> Evangelos Florakis Naval Base explosion <hl> , which occurred on 11 July 2011, was the most deadly military accident ever recorded in Cyprus.


Question: What is one of the senior officer titles of the Cyprus air force?

Answer: Supreme Commander

The air force includes the 449th Helicopter Gunship Squadron (449 ΜΑΕ) – operating Aérospatiale SA-342L and Bell 206 and the 450th Helicopter Gunship Squadron (450 ME/P) – operating Mi-35P helicopters and the Britten-Norman BN-2B and Pilatus PC-9 fixed-wing aircraft. <hl> Current senior officers include Supreme Commander , Cypriot National Guard, Lt. General Stylianos Nasis, and Chief of Staff, Cypriot National Guard: Maj. General Michalis Flerianos.[citation needed] The Evangelos Florakis Naval Base explosion, which occurred on 11 July 2011, was the most deadly military accident ever recorded in Cyprus. <hl>

The air force includes the 449th Helicopter Gunship Squadron (449 ΜΑΕ) – operating Aérospatiale SA-342L and Bell 206 and the 450th Helicopter Gunship Squadron (450 ME/P) – operating Mi-35P helicopters and the Britten-Norman BN-2B and Pilatus PC-9 fixed-wing aircraft. Current senior officers include <hl> Supreme Commander <hl>, Cypriot National Guard, Lt. General Stylianos Nasis, and Chief of Staff, Cypriot National Guard: Maj. General Michalis Flerianos.[citation needed] The Evangelos Florakis Naval Base explosion, which occurred on 11 July 2011, was the most deadly military accident ever recorded in Cyprus.

Current senior officers include <hl> Supreme Commander <hl> , Cypriot National Guard, Lt. General Stylianos Nasis, and Chief of Staff, Cypriot National Guard: Maj. General Michalis Flerianos.[citation needed] The Evangelos Florakis Naval Base explosion, which occurred on 11 July 2011, was the most deadly military accident ever recorded in Cyprus.


Question: What date did the Evangelos Florakis Naval Base explosion occur?

Answer: 11 July 2011

The air force includes the 449th Helicopter Gunship Squadron (449 ΜΑΕ) – operating Aérospatiale SA-342L and Bell 206 and the 450th Helicopter Gunship Squadron (450 ME/P) – operating Mi-35P helicopters and the Britten-Norman BN-2B and Pilatus PC-9 fixed-wing aircraft. <hl> Current senior officers include Supreme Commander, Cypriot National Guard, Lt. General Stylianos Nasis, and Chief of Staff, Cypriot National Guard: Maj. General Michalis Flerianos.[citation needed] The Evangelos Florakis Naval Base explosion, which occurred on 11 July 2011 , was the most deadly military accident ever recorded in Cyprus. <hl>

The air force includes the 449th Helicopter Gunship Squadron (449 ΜΑΕ) – operating Aérospatiale SA-342L and Bell 206 and the 450th Helicopter Gunship Squadron (450 ME/P) – operating Mi-35P helicopters and the Britten-Norman BN-2B and Pilatus PC-9 fixed-wing aircraft. Current senior officers include Supreme Commander, Cypriot National Guard, Lt. General Stylianos Nasis, and Chief of Staff, Cypriot National Guard: Maj. General Michalis Flerianos.[citation needed] The Evangelos Florakis Naval Base explosion, which occurred on <hl> 11 July 2011 <hl>, was the most deadly military accident ever recorded in Cyprus.

Current senior officers include Supreme Commander, Cypriot National Guard, Lt. General Stylianos Nasis, and Chief of Staff, Cypriot National Guard: Maj. General Michalis Flerianos.[citation needed] The Evangelos Florakis Naval Base explosion, which occurred on <hl> 11 July 2011 <hl> , was the most deadly military accident ever recorded in Cyprus.


Question: What affected the Cypriot economy in 2012?

In the early 21st century the Cypriot economy has diversified and become prosperous. However, in 2012 it became affected by the Eurozone financial and banking crisis. In June 2012, the Cypriot government announced it would need €1.8 billion in foreign aid to support the Cyprus Popular Bank, and this was followed by Fitch downgrading Cyprus's credit rating to junk status. Fitch said Cyprus would need an additional €4 billion to support its banks and the downgrade was mainly due to the exposure of Bank of Cyprus, Cyprus Popular Bank and Hellenic Bank, Cyprus's three largest banks, to the Greek financial crisis.

Answer: Eurozone financial and banking crisis

In the early 21st century the Cypriot economy has diversified and become prosperous. <hl> However, in 2012 it became affected by the Eurozone financial and banking crisis . <hl> In June 2012, the Cypriot government announced it would need €1.8 billion in foreign aid to support the Cyprus Popular Bank, and this was followed by Fitch downgrading Cyprus's credit rating to junk status. Fitch said Cyprus would need an additional €4 billion to support its banks and the downgrade was mainly due to the exposure of Bank of Cyprus, Cyprus Popular Bank and Hellenic Bank, Cyprus's three largest banks, to the Greek financial crisis.

In the early 21st century the Cypriot economy has diversified and become prosperous. However, in 2012 it became affected by the <hl> Eurozone financial and banking crisis <hl>. In June 2012, the Cypriot government announced it would need €1.8 billion in foreign aid to support the Cyprus Popular Bank, and this was followed by Fitch downgrading Cyprus's credit rating to junk status. Fitch said Cyprus would need an additional €4 billion to support its banks and the downgrade was mainly due to the exposure of Bank of Cyprus, Cyprus Popular Bank and Hellenic Bank, Cyprus's three largest banks, to the Greek financial crisis.

However, in 2012 it became affected by the <hl> Eurozone financial and banking crisis <hl> .


Question: How much many did the Cypriot government initially announce it needed?

Answer: €1.8 billion

In the early 21st century the Cypriot economy has diversified and become prosperous. However, in 2012 it became affected by the Eurozone financial and banking crisis. <hl> In June 2012, the Cypriot government announced it would need €1.8 billion in foreign aid to support the Cyprus Popular Bank, and this was followed by Fitch downgrading Cyprus's credit rating to junk status. <hl> Fitch said Cyprus would need an additional €4 billion to support its banks and the downgrade was mainly due to the exposure of Bank of Cyprus, Cyprus Popular Bank and Hellenic Bank, Cyprus's three largest banks, to the Greek financial crisis.

In the early 21st century the Cypriot economy has diversified and become prosperous. However, in 2012 it became affected by the Eurozone financial and banking crisis. In June 2012, the Cypriot government announced it would need <hl> €1.8 billion <hl> in foreign aid to support the Cyprus Popular Bank, and this was followed by Fitch downgrading Cyprus's credit rating to junk status. Fitch said Cyprus would need an additional €4 billion to support its banks and the downgrade was mainly due to the exposure of Bank of Cyprus, Cyprus Popular Bank and Hellenic Bank, Cyprus's three largest banks, to the Greek financial crisis.


Question: What was the amount of additional money requested by Cyprus?

Answer: €4 billion

In the early 21st century the Cypriot economy has diversified and become prosperous. However, in 2012 it became affected by the Eurozone financial and banking crisis. In June 2012, the Cypriot government announced it would need €1.8 billion in foreign aid to support the Cyprus Popular Bank, and this was followed by Fitch downgrading Cyprus's credit rating to junk status. <hl> Fitch said Cyprus would need an additional €4 billion to support its banks and the downgrade was mainly due to the exposure of Bank of Cyprus, Cyprus Popular Bank and Hellenic Bank, Cyprus's three largest banks, to the Greek financial crisis. <hl>

In the early 21st century the Cypriot economy has diversified and become prosperous. However, in 2012 it became affected by the Eurozone financial and banking crisis. In June 2012, the Cypriot government announced it would need €1.8 billion in foreign aid to support the Cyprus Popular Bank, and this was followed by Fitch downgrading Cyprus's credit rating to junk status. Fitch said Cyprus would need an additional <hl> €4 billion <hl> to support its banks and the downgrade was mainly due to the exposure of Bank of Cyprus, Cyprus Popular Bank and Hellenic Bank, Cyprus's three largest banks, to the Greek financial crisis.


Question: What are the names of Cyprus' three largest banks?

Answer: Bank of Cyprus, Cyprus Popular Bank and Hellenic Bank

In the early 21st century the Cypriot economy has diversified and become prosperous. However, in 2012 it became affected by the Eurozone financial and banking crisis. In June 2012, the Cypriot government announced it would need €1.8 billion in foreign aid to support the Cyprus Popular Bank, and this was followed by Fitch downgrading Cyprus's credit rating to junk status. <hl> Fitch said Cyprus would need an additional €4 billion to support its banks and the downgrade was mainly due to the exposure of Bank of Cyprus, Cyprus Popular Bank and Hellenic Bank , Cyprus's three largest banks, to the Greek financial crisis. <hl>

In the early 21st century the Cypriot economy has diversified and become prosperous. However, in 2012 it became affected by the Eurozone financial and banking crisis. In June 2012, the Cypriot government announced it would need €1.8 billion in foreign aid to support the Cyprus Popular Bank, and this was followed by Fitch downgrading Cyprus's credit rating to junk status. Fitch said Cyprus would need an additional €4 billion to support its banks and the downgrade was mainly due to the exposure of <hl> Bank of Cyprus, Cyprus Popular Bank and Hellenic Bank <hl>, Cyprus's three largest banks, to the Greek financial crisis.

Fitch said Cyprus would need an additional €4 billion to support its banks and the downgrade was mainly due to the exposure of <hl> Bank of Cyprus, Cyprus Popular Bank and Hellenic Bank <hl> , Cyprus's three largest banks, to the Greek financial crisis.


Question: What did the March 2013 agreement decide?

The 2012–2013 Cypriot financial crisis led to an agreement with the Eurogroup in March 2013 to split the country's second largest bank, the Cyprus Popular Bank (also known as Laiki Bank), into a "bad" bank which would be wound down over time and a "good" bank which would be absorbed by the Bank of Cyprus. In return for a €10 billion bailout from the European Commission, the European Central Bank and the International Monetary Fund, often referred to as the "troika", the Cypriot government was required to impose a significant haircut on uninsured deposits, a large proportion of which were held by wealthy Russians who used Cyprus as a tax haven. Insured deposits of €100,000 or less were not affected.

Answer: split the country's second largest bank

<hl> The 2012–2013 Cypriot financial crisis led to an agreement with the Eurogroup in March 2013 to split the country's second largest bank , the Cyprus Popular Bank (also known as Laiki Bank), into a "bad" bank which would be wound down over time and a "good" bank which would be absorbed by the Bank of Cyprus. <hl> In return for a €10 billion bailout from the European Commission, the European Central Bank and the International Monetary Fund, often referred to as the "troika", the Cypriot government was required to impose a significant haircut on uninsured deposits, a large proportion of which were held by wealthy Russians who used Cyprus as a tax haven. Insured deposits of €100,000 or less were not affected.

The 2012–2013 Cypriot financial crisis led to an agreement with the Eurogroup in March 2013 to <hl> split the country's second largest bank <hl>, the Cyprus Popular Bank (also known as Laiki Bank), into a "bad" bank which would be wound down over time and a "good" bank which would be absorbed by the Bank of Cyprus. In return for a €10 billion bailout from the European Commission, the European Central Bank and the International Monetary Fund, often referred to as the "troika", the Cypriot government was required to impose a significant haircut on uninsured deposits, a large proportion of which were held by wealthy Russians who used Cyprus as a tax haven. Insured deposits of €100,000 or less were not affected.

The 2012–2013 Cypriot financial crisis led to an agreement with the Eurogroup in March 2013 to <hl> split the country's second largest bank <hl> , the Cyprus Popular Bank (also known as Laiki Bank), into a "bad" bank which would be wound down over time and a "good" bank which would be absorbed by the Bank of Cyprus.


Question: Who would eventually absorb the "good" bank of Cyprus Popular Bank?

Answer: Bank of Cyprus

<hl> The 2012–2013 Cypriot financial crisis led to an agreement with the Eurogroup in March 2013 to split the country's second largest bank, the Cyprus Popular Bank (also known as Laiki Bank), into a "bad" bank which would be wound down over time and a "good" bank which would be absorbed by the Bank of Cyprus . <hl> In return for a €10 billion bailout from the European Commission, the European Central Bank and the International Monetary Fund, often referred to as the "troika", the Cypriot government was required to impose a significant haircut on uninsured deposits, a large proportion of which were held by wealthy Russians who used Cyprus as a tax haven. Insured deposits of €100,000 or less were not affected.

The 2012–2013 Cypriot financial crisis led to an agreement with the Eurogroup in March 2013 to split the country's second largest bank, the Cyprus Popular Bank (also known as Laiki Bank), into a "bad" bank which would be wound down over time and a "good" bank which would be absorbed by the <hl> Bank of Cyprus <hl>. In return for a €10 billion bailout from the European Commission, the European Central Bank and the International Monetary Fund, often referred to as the "troika", the Cypriot government was required to impose a significant haircut on uninsured deposits, a large proportion of which were held by wealthy Russians who used Cyprus as a tax haven. Insured deposits of €100,000 or less were not affected.

The 2012–2013 Cypriot financial crisis led to an agreement with the Eurogroup in March 2013 to split the country's second largest bank, the Cyprus Popular Bank (also known as Laiki Bank), into a "bad" bank which would be wound down over time and a "good" bank which would be absorbed by the <hl> Bank of Cyprus <hl> .


Question: What was the amount of bailout money given to Cyprus?

Answer: €10 billion

The 2012–2013 Cypriot financial crisis led to an agreement with the Eurogroup in March 2013 to split the country's second largest bank, the Cyprus Popular Bank (also known as Laiki Bank), into a "bad" bank which would be wound down over time and a "good" bank which would be absorbed by the Bank of Cyprus. <hl> In return for a €10 billion bailout from the European Commission, the European Central Bank and the International Monetary Fund, often referred to as the "troika", the Cypriot government was required to impose a significant haircut on uninsured deposits, a large proportion of which were held by wealthy Russians who used Cyprus as a tax haven. <hl> Insured deposits of €100,000 or less were not affected.

The 2012–2013 Cypriot financial crisis led to an agreement with the Eurogroup in March 2013 to split the country's second largest bank, the Cyprus Popular Bank (also known as Laiki Bank), into a "bad" bank which would be wound down over time and a "good" bank which would be absorbed by the Bank of Cyprus. In return for a <hl> €10 billion <hl> bailout from the European Commission, the European Central Bank and the International Monetary Fund, often referred to as the "troika", the Cypriot government was required to impose a significant haircut on uninsured deposits, a large proportion of which were held by wealthy Russians who used Cyprus as a tax haven. Insured deposits of €100,000 or less were not affected.


Question: Who was using Cyprus as a tax haven?

Answer: wealthy Russians

The 2012–2013 Cypriot financial crisis led to an agreement with the Eurogroup in March 2013 to split the country's second largest bank, the Cyprus Popular Bank (also known as Laiki Bank), into a "bad" bank which would be wound down over time and a "good" bank which would be absorbed by the Bank of Cyprus. <hl> In return for a €10 billion bailout from the European Commission, the European Central Bank and the International Monetary Fund, often referred to as the "troika", the Cypriot government was required to impose a significant haircut on uninsured deposits, a large proportion of which were held by wealthy Russians who used Cyprus as a tax haven. <hl> Insured deposits of €100,000 or less were not affected.

The 2012–2013 Cypriot financial crisis led to an agreement with the Eurogroup in March 2013 to split the country's second largest bank, the Cyprus Popular Bank (also known as Laiki Bank), into a "bad" bank which would be wound down over time and a "good" bank which would be absorbed by the Bank of Cyprus. In return for a €10 billion bailout from the European Commission, the European Central Bank and the International Monetary Fund, often referred to as the "troika", the Cypriot government was required to impose a significant haircut on uninsured deposits, a large proportion of which were held by <hl> wealthy Russians <hl> who used Cyprus as a tax haven. Insured deposits of €100,000 or less were not affected.


Question: What is the per capita GDP of Cyprus given by the IMF?

According to the latest International Monetary Fund estimates, its per capita GDP (adjusted for purchasing power) at $30,769 is just above the average of the European Union.[citation needed] Cyprus has been sought as a base for several offshore businesses for its low tax rates. Tourism, financial services and shipping are significant parts of the economy. Economic policy of the Cyprus government has focused on meeting the criteria for admission to the European Union. The Cypriot government adopted the euro as the national currency on 1 January 2008.

Answer: $30,769

<hl> According to the latest International Monetary Fund estimates, its per capita GDP (adjusted for purchasing power) at $30,769 is just above the average of the European Union.[citation needed] Cyprus has been sought as a base for several offshore businesses for its low tax rates. <hl> Tourism, financial services and shipping are significant parts of the economy. Economic policy of the Cyprus government has focused on meeting the criteria for admission to the European Union. The Cypriot government adopted the euro as the national currency on 1 January 2008.

According to the latest International Monetary Fund estimates, its per capita GDP (adjusted for purchasing power) at <hl> $30,769 <hl> is just above the average of the European Union.[citation needed] Cyprus has been sought as a base for several offshore businesses for its low tax rates. Tourism, financial services and shipping are significant parts of the economy. Economic policy of the Cyprus government has focused on meeting the criteria for admission to the European Union. The Cypriot government adopted the euro as the national currency on 1 January 2008.


Question: What are three of the largest contributors to the Cyprus economy?

Answer: Tourism, financial services and shipping

According to the latest International Monetary Fund estimates, its per capita GDP (adjusted for purchasing power) at $30,769 is just above the average of the European Union.[citation needed] Cyprus has been sought as a base for several offshore businesses for its low tax rates. <hl> Tourism, financial services and shipping are significant parts of the economy. <hl> Economic policy of the Cyprus government has focused on meeting the criteria for admission to the European Union. The Cypriot government adopted the euro as the national currency on 1 January 2008.

According to the latest International Monetary Fund estimates, its per capita GDP (adjusted for purchasing power) at $30,769 is just above the average of the European Union.[citation needed] Cyprus has been sought as a base for several offshore businesses for its low tax rates. <hl> Tourism, financial services and shipping <hl> are significant parts of the economy. Economic policy of the Cyprus government has focused on meeting the criteria for admission to the European Union. The Cypriot government adopted the euro as the national currency on 1 January 2008.


Question: When was the Euro declared as the national currency of Cyprus?

Answer: 1 January 2008

According to the latest International Monetary Fund estimates, its per capita GDP (adjusted for purchasing power) at $30,769 is just above the average of the European Union.[citation needed] Cyprus has been sought as a base for several offshore businesses for its low tax rates. Tourism, financial services and shipping are significant parts of the economy. Economic policy of the Cyprus government has focused on meeting the criteria for admission to the European Union. <hl> The Cypriot government adopted the euro as the national currency on 1 January 2008 . <hl>

According to the latest International Monetary Fund estimates, its per capita GDP (adjusted for purchasing power) at $30,769 is just above the average of the European Union.[citation needed] Cyprus has been sought as a base for several offshore businesses for its low tax rates. Tourism, financial services and shipping are significant parts of the economy. Economic policy of the Cyprus government has focused on meeting the criteria for admission to the European Union. The Cypriot government adopted the euro as the national currency on <hl> 1 January 2008 <hl>.

The Cypriot government adopted the euro as the national currency on <hl> 1 January 2008 <hl> .


Question: Why has Cyprus been sought out by offshore businesses?

Answer: low tax rates

<hl> According to the latest International Monetary Fund estimates, its per capita GDP (adjusted for purchasing power) at $30,769 is just above the average of the European Union.[citation needed] Cyprus has been sought as a base for several offshore businesses for its low tax rates . <hl> Tourism, financial services and shipping are significant parts of the economy. Economic policy of the Cyprus government has focused on meeting the criteria for admission to the European Union. The Cypriot government adopted the euro as the national currency on 1 January 2008.

According to the latest International Monetary Fund estimates, its per capita GDP (adjusted for purchasing power) at $30,769 is just above the average of the European Union.[citation needed] Cyprus has been sought as a base for several offshore businesses for its <hl> low tax rates <hl>. Tourism, financial services and shipping are significant parts of the economy. Economic policy of the Cyprus government has focused on meeting the criteria for admission to the European Union. The Cypriot government adopted the euro as the national currency on 1 January 2008.

According to the latest International Monetary Fund estimates, its per capita GDP (adjusted for purchasing power) at $30,769 is just above the average of the European Union.[citation needed] Cyprus has been sought as a base for several offshore businesses for its <hl> low tax rates <hl> .


Question: What resource has been discovered offshore in recent years?

In recent years significant quantities of offshore natural gas have been discovered in the area known as Aphrodite in Cyprus' exclusive economic zone (EEZ), about 175 kilometres (109 miles) south of Limassol at 33°5′40″N and 32°59′0″E. However, Turkey's offshore drilling companies have accessed both natural gas and oil resources since 2013. Cyprus demarcated its maritime border with Egypt in 2003, and with Lebanon in 2007. Cyprus and Israel demarcated their maritime border in 2010, and in August 2011, the US-based firm Noble Energy entered into a production-sharing agreement with the Cypriot government regarding the block's commercial development.

Answer: natural gas

<hl> In recent years significant quantities of offshore natural gas have been discovered in the area known as Aphrodite in Cyprus' exclusive economic zone (EEZ), about 175 kilometres (109 miles) south of Limassol at 33°5′40″N and 32°59′0″E. However, Turkey's offshore drilling companies have accessed both natural gas and oil resources since 2013. <hl> Cyprus demarcated its maritime border with Egypt in 2003, and with Lebanon in 2007. Cyprus and Israel demarcated their maritime border in 2010, and in August 2011, the US-based firm Noble Energy entered into a production-sharing agreement with the Cypriot government regarding the block's commercial development.

In recent years significant quantities of offshore <hl> natural gas <hl> have been discovered in the area known as Aphrodite in Cyprus' exclusive economic zone (EEZ), about 175 kilometres (109 miles) south of Limassol at 33°5′40″N and 32°59′0″E. However, Turkey's offshore drilling companies have accessed both natural gas and oil resources since 2013. Cyprus demarcated its maritime border with Egypt in 2003, and with Lebanon in 2007. Cyprus and Israel demarcated their maritime border in 2010, and in August 2011, the US-based firm Noble Energy entered into a production-sharing agreement with the Cypriot government regarding the block's commercial development.


Question: With what two countries did Cyprus first demarcate its maritime border?

Answer: Egypt in 2003, and with Lebanon in 2007

In recent years significant quantities of offshore natural gas have been discovered in the area known as Aphrodite in Cyprus' exclusive economic zone (EEZ), about 175 kilometres (109 miles) south of Limassol at 33°5′40″N and 32°59′0″E. However, Turkey's offshore drilling companies have accessed both natural gas and oil resources since 2013. <hl> Cyprus demarcated its maritime border with Egypt in 2003, and with Lebanon in 2007 . <hl> Cyprus and Israel demarcated their maritime border in 2010, and in August 2011, the US-based firm Noble Energy entered into a production-sharing agreement with the Cypriot government regarding the block's commercial development.

In recent years significant quantities of offshore natural gas have been discovered in the area known as Aphrodite in Cyprus' exclusive economic zone (EEZ), about 175 kilometres (109 miles) south of Limassol at 33°5′40″N and 32°59′0″E. However, Turkey's offshore drilling companies have accessed both natural gas and oil resources since 2013. Cyprus demarcated its maritime border with <hl> Egypt in 2003, and with Lebanon in 2007 <hl>. Cyprus and Israel demarcated their maritime border in 2010, and in August 2011, the US-based firm Noble Energy entered into a production-sharing agreement with the Cypriot government regarding the block's commercial development.

Cyprus demarcated its maritime border with <hl> Egypt in 2003, and with Lebanon in 2007 <hl> .