A Land Of Milk And HoneyTEN days in the past, the International Monetary Fund (IMF) and the European Union decided that as a condition for them loaning money to the federal government of Cyprus to save lots of its banking system, bank depositors would be forced to give up as a lot as 10 p.c of their deposits in return for shares in the failing banks. They were carrying 40% dangerous loans earlier than the capital controls and now nobody is making any mortgage funds so no matter requirements they're interested by are probably LARNACA AIRPORT BUSSES too low as we noticed in Cyprus. Different advantages in Lebanon worthy of notice include communication services:Air communications - these are assured by Beirut International Airport (AIB), utilized by many of the main worldwide corporations. Tourists from the US and many Arab and European international locations can get hold of visas on the airport or any Lebanese border upon arrival. The Beirut International Airport at Khaldeh (7 km from Beirut), is used by many worldwide airways plus the national service, Middle Ease Airways (MEA).
Similar deposit guarantees have been established in virtually all international locations, including Cyprus. There's discuss that Russia could lengthen the $13 billion to Cyprus in return for concessions, together with oil-exploration rights. Being within the eurozone means that banks use euros, that you could take euros out and prepare worldwide transfers using euros. Near the Museum is a wonderful set of ground mosaics from Khalde south of Beirut found in the course of the development of Beirut International Airport within the 1950's.