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Momentum grows for Cyprus deal
Author: Luke Baker and Gilbert Kreijger THE EUROZONE'S 17 finance ministers will meet in Brussels tomorrow after an EU leaders' summit to discuss Cyprus’ financial bailout, officials said yesterday,...
View ArticleBondholders stage new protest at finance ministry
A GROUP of non-institutional bondholders held a protest outside the finance ministry yesterday claiming that the current association of bank bondholders does not fully express their position.The group...
View ArticleTanker spill off Karpas causes concern
Author: Poly Pantelides ENVIRONMENTALISTS yesterday said marine life could have been harmed after a tanker supplying fuel oil to a terminal in the occupied village of Gastria in the Karpas peninsula,...
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Big ‘no’ to kitesurfing on Salt Lake
Author: Peter Stevenson THE lack of proper protection for some environmentally sensitive areas results in people taking advantage by using wetlands on the island for various water sport activities,...
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Decades-old Church-state land deal almost closed
THE CHURCH will soon be transferring tracts of land to the state, bringing to a close a deal struck some 40 years ago.The announcement was made yesterday following a meeting between Archbishop...
View ArticleCo-ops ready to go with the flow
THERE has been reaction in the co-operative movement over a decision for widespread mergers as part of the island’s bailout deal, it emerged yesterday.International lenders and Cypriot authorities...
View ArticleCB governor urges quick action on Cyprus
FAILURE to secure funding for Cyprus would present "a systemic risk" for the whole eurozone, Central Bank Governor Panicos Demetriades said yesterday.In an interview with Reuters, although he would not...
View ArticleFormer BoC chief wins €2m in compensation compromise
Author: Elias Hazou UNDER threat of litigation, the Bank of Cyprus (BoC) has awarded former CEO Andreas Eliades compensation to the tune of some €2 million.The move comes after a majority decision of...
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Entering the final stretch to bailout deal
Author: George Psyllides PRESIDENT Nicos Anastasiades said yesterday he was committed to implementing a bailout deal “up to the last iota”, as negotiations appeared to enter the final...
View ArticleOur View: Deputies have always refused to set a good example
FOR YEARS now we have been hearing about the need for politicians to publish capital statements as part of the process to introduce transparency to public life. Draft legislation has been prepared and...
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‘Gas for export now much more urgent’
Author: Peter Apps CYPRUS, urgently needing revenues from its newly found natural gas reserves, hopes to begin exports by 2018 and will target sales at fellow European Union members, its energy...
View ArticleCrisis forces consumers to become more savv
Author: By Maria Gregoriou ALTHOUGH consumer rights in Cyprus are not fully protected in practice, some people are learning from the ongoing economic crisis and becoming more savvy.On World Consumer...
View ArticleAnastasiades to address Economist conference
THE ECONOMIST will be holding a conference next Friday examining the ongoing battle to save the eurozone, inviting President Nicos Anastasiades as its keynote speaker. For the fifth consecutive year,...
View ArticleUnions gear up to oppose semi-state sell-off
Author: By Poly Pantelides SEMI-STATE unions said yesterday they were not going to accept privatisations without a fight, announcing a series of meetings to decide future steps as a whole. PEO’s...
View ArticleWhere will Russia fit in bailout jigsaw?
Author: By Poly Pantelides FINANCE Minister Michalis Sarris is expected to discuss two issues with his Russian counterpart in Moscow on Wednesday; that of Russia pushing back repayment of a €2.5...
View ArticleOur View: Why should the licensed porters be rewarded for driving business...
REPORTS that shipping agents have offered to take over the operation of the Limassol port from the Licensed Porters Association would be a positive development, if they did not have to pay such an...
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Incredulity at decision gives way to fury
Author: Annika Breidthardt and Robin Emmott and Michele Kambas THE EUROZONE struck a deal on Saturday to hand Cyprus a bailout worth 10 billion euros but demanded depositors in its banks forfeit some...
View ArticleParties furious over Eurogroup decision
PARTIES reacted angrily to the Eurogroup decision, with communist AKEL saying it was contemplating proposing Cyprus’ exit from the common currency, the euro.However, Communications Minister Tasos...
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Decision is painful but only one: Anastasiades
THE solution the government selected was painful but it was the only one on the table, President Nicos Anastasiades said today, as Cyprus found itself before a fait accompli during the Eurogroup...
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Magnificent Moufflons find milestone was already theirs
Author: Alexander McCowan This division 2 European Cup game has taken on an importance far beyond its divisional role, because it is the first time any rugby-playing country has been able to challenge...
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