Asha, Cyprus was established in Assia, Famagusta, but since the Turkish invasion of 1974, Ethnikos became a refugee team. The club is now based in the capital Nicosia and play their home games at the Makario. The club has played three times in the first division, the last time was during the 2001-02 season. A second team established in Asha, "Omonia", ceased to exist following the invasion. Asha, Cyprus Asha ( []; ), also transliterated Assia, is a village in the Famagusta District of Cyprus, located 6 km northwest of Vatili. It is under the "de facto" control of Northern Cyprus. Asha
Economy of Cyprus Shiarly, stated that the European Central Bank, European commission and IMF officials are to carry out an in-depth investigation into Cyprus' economy and banking sector to assess the level of funding it requires. The Ministry of Finance rejected the possibility that Cyprus would be forced to undergo the sweeping austerity measures that have caused turbulence in Greece, but admitted that there would be "some negative repercussion". In November 2012 international lenders negotiating a bailout with the Cypriot government have agreed on a key capital ratio for banks and a system for the sector's supervision. Both commercial banks and cooperatives will