Hadjicostis trial witnesses roamed free and took drugs
A CONVICT who used to be friendly with two prosecution witnesses in protective custody in the murder trial of media boss Andis Hadjicostis yesterday described how before he was convicted he used to...
View ArticleEconomic crisis has deepened racism
Author: George Psyllides CYPRUS is facing big challenges on immigration issues as the economic crisis has exacerbated xenophobia on the island, Ombudswoman Eliza Savvidou said yesterday.“Despite...
View ArticleNo show at UN-hosted drinks bash
A UN-hosted reception at Chateau Status in the buffer zone in Nicosia on Tuesday night fell flat when neither the president nor the Turkish Cypriot leader turned up.Special Advisor of the United...
View ArticleSalon spruces up senior citizens for free
Author: Peter Stevenson A NEW hairdressing service on offer for senior citizens at the Nicosia Multifunctional Centre is proving particularly popular, and yesterday received an official seal of...
View ArticleRemanded for fatal stabbing of neighbour
Author: Alexandra Anastassiades LIMASSOL criminal court remanded in custody a 22-year-old man with a history of mental illness for eight days yesterday in relation to the fatal stabbing of his...
View ArticleFurther downgrade into junk status
FITCH ratings yesterday downgraded Cyprus further into junk territory citing the uncertainty over the cost of bank recapitalisation and delays in negotiating a bailout, which has contributed in...
View ArticleDesperate search for common ground
Author: George Psyllides THE government was last night still trying to find some sort of common ground with international lenders on certain issues threatening to bring Cyprus’ bailout talks to a...
View ArticleLashings of hypocrisy in AKEL’s demand for transparency
THE COMMUNISTS of AKEL never miss an opportunity to advertise their alleged moral superiority and supposedly ethical, political behaviour. They claim they are always guided by noble motives, in...
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Fireworks and fury as truth becomes clear
Author: George Psyllides President Demetris Christofias’ meeting with party leaders over the troika negotiations yesterday was tense and filled with recriminations.It became particularly hostile when...
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Cyprus, troika, strike bailout deal: reports
Cyprus and international lenders have closed a deal on the island’s bailout package reports said last night although there was no immediate official confirmation.The reports said all outstanding issues...
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Striking builders march on contractors’ assocation
CONSTRUCTION workers gathered outside the headquarters of union PEO yesterday to demonstrate during an islandwide strike to demand their rights under collective agreements are met.Many carried banners...
View ArticleWines can act as ambassadors
WINES can become ambassadors for Cyprus, transmitting the island’s identity and character, agriculture minister Sophoclis Aletraris said yesterday at a symposium on Cyprus wines. “Wines… can be...
View ArticleBankruptcies piling up at courts
THOUSANDS of bankruptcy orders are piling up in the courts, suggesting at the very least that bankruptcies this year have doubled compared with the previous few years, according to figures mentioned...
View ArticlePopular Bank seeks equal treatment in Greece
THE Popular Bank yesterday filed a notice of dispute to the Greek government, seeking equal treatment with other lenders operating in Greece.In a filing to the stock market, the troubled lender said...
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Nicosia municipality plans to stick to budget in 2013
Author: Poly Pantelides AIMING for a balanced budget with a smidgen of a surplus, Nicosia municipality yesterday announced that it was planning to spend about €32 million in 2013.The municipality...
View ArticleBill doubles limit for guaranteeing bank bonds
LEGISLATORS yesterday rushed through an amending law allowing the state to guarantee bank bonds and new loans by an additional €3 billion, bringing the total amount to €6 billion.Earlier this month,...
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Budget foresees economy contracting next year
CYPRUS’ economy will contract by 3.5 per cent in 2013 as the government aims for a 4.4 per cent deficit, according to the state budget that was submitted to parliament yesterday.The government expects...
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Troika agrees to state gas demands
Author: Elias Hazou THE troika has apparently agreed to all of the government’s main positions on the natural gas issue, it emerged last night only hours after commerce minister Neoclis Sylikiotis had...
View ArticleOur View: Hard to believe the President’s reassurances on bailout deal
PRESIDENT Christofias yesterday issued a written statement saying the government was ‘very close’ to signing a memorandum of understanding with the troika. He said: “After tough negotiations with the...
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On the verge of a rescue package
Author: George Psyllides AFTER drawn-out talks here in Nicosia the government and foreign lenders are on the verge of striking a deal for a state bailout, reports said last night.Reuters cited EU...
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