News   The Colony Hotel hosts José Carrares and Al Di Meola. The St.Petersburg Imperial State Ballet Theatre perfomed at The Colony Hotel. The 5 star Palm Beach Hotel in Famagusta has been handed over to Arkin Park Heritage Hotels Ltd. Former German Chancellor Gerhard Schroder visited North Cyprus. Speaking at a press conference with Turkish Cypriot Prime Minister Ferdi Sabit Soyer at the Colony Hotel, Schroder called for the economic isolation of northern Cyprus to end. "In a way, the EU has been keeping its promises, starting with the financial aid by the EU," the former chancellor said. "The embargoes should be lifted. The EU is a whole. The situation of northern Cyprus is totally against the principles of the EU."