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Tales from the Coffeeshop: The forgetfulness of those who brought banking to...
by Patroclos AS IF IT were not bad enough that our country was partitioned, now we have to face the prospect of our biggest bank suffering the same tragic fate. Plans are afoot to partition our dear...
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Our View: BoC cannot afford to hold on to assets until a better day
IN A MARKET economy, the fate of businesses that fail is bankruptcy. If a business cannot pay its creditors, suppliers or banks, bankruptcy proceedings could be taken against it so that creditors could...
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Fractious coalition likely in Turkish Cypriot elections
By Simon Bahceli VOTERS GO to the polls in the north today in what is expected to be a muted affair with few definitive outcomes. The election comes after eight deputies from the ruling National Unity...
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Lenders set Bank of Cyprus bail-in at 47,5%
Cyprus and its international lenders have agreed to convert 47.5% of deposits exceeding 100,000 euros in Bank of Cyprus to equity to recapitalize it, banking sources said on Sunday. Under a programme...
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Hungary gives Hamilton his first win for Mercedes
Britain’s Lewis Hamilton seized his first win for Mercedes in a sweltering Hungarian Grand Prix on Sunday while Red Bull’s Sebastian Vettel moved 38 points clear in the Formula One championship despite...
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Honour for Cypriot judge
An honorary doctorate has been awarded to Cypriot judge Giorgos Aresti by the University of Kent for his contribution to European Union Law. The ceremony was held at Canterbury Cathedral. Aresti is...
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Fired-up Cyprus team snags bronze medals in Dragon Boat meet
By Miles Surrey The Cyprus National Dragon Boating team will be returning on Tuesday from the 11th World Championship Dragon Boat Racing competition with two bronze medals and a lot of pride. The team...
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Italy’s Letta rebukes Europe for ‘serious mistakes’ in Greek bailout
ITALIAN Prime Minister Enrico Letta rebuked Europe for its handling of the Greek crisis on Monday, saying the harsh austerity imposed on Athens had deepened the recession and worsened unemployment...
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Baghdatis returns to action at Citi Open
By Nemanja Bjedov Marcos Baghdatis received a bye into the second round of the ATP World Tour 500 Citi Open in Washington, DC, and will face either Lukas Lacko of Slovakia or Colombian Alejandro Falla...
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Remnants from north oil spill ‘being dealt with swiftly’
OIL FROM the spill in the north, which had drifted south, is dispersing and the situation is under control with crews at the ready to deal with any clumps of drifting residue, authorities said...
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‘Difficult choices’ lay ahead for Israelis and Palestinians, Kerry warns
By Mark Felsenthal US SECRETARY of State John Kerry named former US ambassador to Israel Martin Indyk as his main envoy in Israeli-Palestinian talks which were due to start in Washington later on...
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Meilutyte lights up Barcelona with world best
By Iain Rogers Lithuanian teenager Ruta Meilutyte lit up the second day of action at the world swimming championships with the first world record of the week as Brazil, Australia, Hungary and Sweden...
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CTP-DP coalition looks likely for Turkish Cypriots
By Simon Bahceli A COALITION between the centre-left Republican Turkish Party (CTP) and the political maverick Serdar Denktash’s Democrat Party (DP) looked likely on Monday as both parties made gains...
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Fishing nets worth €3,000 stolen
Ten boxes of fishing nets worth €3,000 were stolen from a warehouse belonging to the fisheries department in Paphos, The theft was discovered on Monday afternoon. According to police, the...
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Number of drivers with no insurance on the rise
THE NUMBER of people driving without insurance is on the rise due to the crisis, and has been on the up for two years police said on Monday. In the first six months of this year 1,428 drivers without...
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Kassinis heads for tete-a-tete with Anastasiades
By Elias Hazou FORMER energy czar Solon Kassinis is heading up to the Palace today for a talk with the President that may – or not – clear the air on the government’s approach to energy policymaking....
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Cat park population grows to 200
By Bejay Browne VOLUNTEERS in Paphos are struggling to take care of close to 200 cats and kittens at a dedicated cat park in Tala and say the situation is getting out of hand as numbers are growing so...
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Italian vessel was harassed by Turkish navy off Paphos
AN ITALIAN-flagged research vessel conducting depth soundings off the Paphos coast within Cyprus’ Exclusive Economic Zone (EEZ) was reportedly harassed by the Turkish war navy last week, in what was...
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Trying to be the change he wants to see in the world
By Peter Stevenson ON SUNDAY July 14 while most people on the island were at the beach or in the mountains relaxing, one man was taking a stand against cruelty to all living beings. Kypros...
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CyTA boss talks of ‘hidden agendas’ in land deal slurs
By Elias Hazou THE CHAIRMAN of the Cyprus Telecommunications Authority (CyTA) stuck to his guns yesterday, reiterating that the pension fund’s investments were sound and risk-averse. Stathis Kittis,...
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