CyBC looking at programme cuts
THE Eurovision Song Contest is one of the programmes being looked at under cutbacks being discussed by state broadcaster CyBC whose budget has been slashed by €2 million.However the hugely popular...
View ArticleNeighbourhood watch could expand in Paphos
Author: Bejay Browne FOLLOWING the success of the neighbourhood watch scheme in Peyia, police and local communities are examining the feasibility of starting it in other areas of the Paphos...
View ArticleProstitution on the rise
Author: Poly Pantelides OVER THE last two years, there has been an increase in prostitution rings from Greece, Bulgaria and Romania, head of the police anti-trafficking unit, Rita Superman said...
View ArticleArmou family could end up homeless
Author: Bejay Browne HOMEOWNERS at a stricken development in Armou in Paphos were dealt another blow yesterday as they were informed that electricity supplies to their homes were due to be switched...
View ArticleFinancial sector among most leveraged in EU
Author: Athena Arsalidou CYPRUS’ financial sector is among the most leveraged in the whole of the EU, a European Commission’s report said yesterday.The European Commission kicked off yesterday with...
View ArticleCyTA weighs up whether to give the government another €100m loan
Author: Stefanos Evripidou TELECOMMUNICATIONS giant CyTA has found itself stuck between a rock and a hard place in weighing up whether to give the government another €100m loan or see the state unable...
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Orphanides hits back at ‘lying AKEL’
Author: George Psyllides A FRESH war of words broke out yesterday between the government and former Central Bank (CB) governor Athanasios Orphanides whom the administration and ruling AKEL hold...
View ArticleOur View: House probe into banks’ culpability not likely to achieve anything
AS IF AKEL’S and the government’s, merciless war on the struggling banks had not caused enough damage to the most important sector of the economy, the political parties also decided to participate in...
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Public service wage cuts rolled out early
Author: Stefanos Evripidou THE GOVERNMENT will introduce staggered public payroll cuts of up to 12.5 per cent from next month ahead of signing a loan agreement with international lenders, it...
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Banks’ losses widen in 2012
Author: George Psyllides THE Popular Bank, Cyprus’ second-biggest lender, which was nationalised earlier this year, said yesterday its nine-month net loss widened to €1.09 billion on higher provisions...
View ArticleLimassol buses on indefinite strike from today
DRIVERS of the Limassol bus company EMEL have called an indefinite strike starting today over their employer’s failure to pay their wages in full.The company, which is in the red, yesterday proposed...
View ArticleDozens of new HIV cases in Cyprus every year
Author: Poly Pantelides HUNDREDS of people in Cyprus have AIDS and dozens are diagnosed with the HIV virus every year, the health ministry said yesterday. But Cyprus is subscribing to the United...
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Brits mulled propaganda comics to sway teen EOKA rebels
Author: Arj Singh COLONIAL officials in Cyprus considered producing adventure comic books and running an essay competition in a propaganda bid to stop young Greek Cypriots rebelling against British...
View ArticleBanking consultants rubbish deputy’s claim
Author: Poly Pantelides A RESTRUCTURING firm auditing Cyprus’ two major banks yesterday set the record straight on a rumour spread by a deputy for main opposition party DISY, which was picked up by...
View ArticleHellenic Bank bucks the trend
Author: George Psyllides HELLENIC Bank, the island’s third-biggest lender has bucked the trend, posting a nine-month net profit of €219,000 despite a 27 per cent rise in provisions for non-performing...
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Aid tranche could come in January
Author: George Psyllides CYPRUS could receive the first tranche of a bailout by the end of January, Finance Minister Vassos Shiarly said yesterday, provided that an agreement is struck with eurozone...
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Popular Bank had chance to offload Greek bonds in 2009
FORMER CEO of Popular Bank Efthymios Bouloutas primarily, but also former chairman of the board Andreas Vgenopoulos, share responsibility for the purchase of Greek government bonds that went sour with...
View ArticleOur View: Now government must deal with consequences of nepotistic practice
A COUPLE of hundred men hired as casual labourers, on an hourly rate, by the government went on the rampage yesterday after they were informed that they would not be offered work in the future. First...
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First real taste of austerity unrest
Author: Peter Stevenson CYPRUS saw its first real taste of austerity-related unrest yesterday when hundreds of casual government workers due to be laid off, stormed first through the finance ministry...
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MoU with troika released to political parties, leaked to media
THE TROIKA has given the green light for the Memorandum of Understanding with the Cyprus government to be released to the political parties. The full text of the ‘Memorandum of Understanding on...
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