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ST. PETERSBURG German Pezzella Argentina Jersey , March 18 (Xinhua) -- The head of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin has claimed a simple lack of demand is the very reason behind American auto maker General Motors' decision to close its St. Petersburg production facility in mid-2015.


Shokhin made the statement in responding to rumors that GM had faced pressure from the White House and U.S. State Department to divest from Russia in view of ongoing tense diplomatic relations between the two countries, arguing that GM's move was understandable in terms of "pure commerce," according to ITAR TASS, a major news agency in Russia.


GM also announced plans to change its business model in Russia Wednesday at its website.


According to a document posted at the GM website Fernando Belluschi Argentina Jersey , the changes will include focusing on the premium segment of the Russian market with Cadillac and U.S.-built iconic Chevrolet products such as the Corvette, Camaro and Tahoe. Also, the GM Auto plant in St. Petersburg will halt production by the middle of 2015 and is planning to idle the plant.


Despite the obvious negative consequences of the GM decision for those directly affected as well as for the Russian economy as a whole, Shokhin believed GM's decision could benefit local auto producer AvtoVAZ Federico Fazio Argentina Jersey , which is well placed to pick up some of the market share left behind by GM, one of several leading foreign auto firms with production facilities in St. Petersburg, Russia's northern capital.


NICOSIA, July 20 (Xinhua) -- Cypriot President Nicos Anastasiades on Thursday attended a main memorial church service for the victims of a Turkish military operation in 1974 Ever Banega Argentina Jersey , just a few meters away from the line dividing the Greek and Turkish Cypriot sectors of Nicosia.


The president said the termination of Turkey's intervention rights is a "sine qua non", a necessary precondition, for a Cyprus solution.


"Had I accepted Turkey's position to keep its occupation troops and its intervention rights, Cyprus would have been the only example in the world which would have the country occupying it as its guarantor and protector Enzo Perez Argentina Jersey ," he said.


Anastasiades said that the energy exploration program in the eastern Mediterranean would