 Cypriot Finance Minister resigns amid criticism April 2, 2013 - 18:10 AMT PanARMENIAN.Net - Cypriot Finance Minister Michalis Sarris has resigned after an investigation was ordered into how the country's economy nearly collapsed last month, AP reported. The government said Tuesday, April 2 that President Nicos Anastasiades accepted the resignation of Sarris, who has faced strong criticism for his handling of the Cyprus's negotiations with its international creditors. Sarris, who had headed the country's troubled Laiki Bank last year in a bid to save it from collapse, told reporters he decided to step down to ease the investigation ordered earlier Tuesday. Cyprus has been given a €10 billion bailout by its European partners and the International Monetary Fund, after its bloated banking sector threatened to destroy the economy.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news Armenia, Russia discuss life extension of Metsamor nuclear plant  Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan.Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan.Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia.U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. |
