A1 motorway (Cyprus) A1 motorway (Cyprus) The A1 motorway, locally referred to as the NicosiaLimassol highway (Greek: "δρόμος ΛευκωσίαςΛεμεσού"; Turkish: "LefkoşaLimasol yolu"), is the first and longest motorway built in Cyprus. It marked the beginning of an ambitious government project to link all the main cities on the island with modern 4 lane highways. It is 73 km long and is free of any at-grade intersections. It links the capital Nicosia (which is the administrative and financial hub), with Limassol, the largest port (and second largest city) on the island. In the late 1970s, the Cypriot Government introduced a series of schemes to
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