Cyprus Today
Flight delays EIGHT flights to and from Cyprus’ airports are expected to be affected by a strike announced by Greek air traffic controllers today.The strike, starting at 12 noon until 4 pm, is expected...
View ArticleS&P says Cypriot deposit grab may set eurozone precedent
THE GRAB on bank deposits that accompanied Cyprus' bailout could be repeated elsewhere in the eurozone, and the bloc's banking union may not be strong enough when it is introduced, Standard &...
View ArticleINSIGHT: The who’s who of the great March bank run
Author: Stephen Grey, Michele Kambas and Douglas Busvine WHEN THE Cyprus bank run began earlier this year, Russians set much of the pace. Documents seen by Reuters show that as the island headed...
View ArticleClik here to view.
‘The quicker we implement bailout, the quicker we get out’
Author: Stefanos Evripidou THE GOVERNMENT and parliamentary parties agreed on the need to exit the bailout programme as soon as possible yesterday though showed little sign of consensus on how to do...
View ArticleClik here to view.
Massive failure by Cypriot banks on ‘dirty money’
Author: Poly Pantelides CYPRUS’ banks suffer from “systemic deficiencies” in implementing anti-money laundering (AML) measures, according to a troika report summarising the results of two audits on...
View ArticleOur View: Why did the National Council give any credence to AKEL’s idiotic...
FORMER President Demetris Christofias attended yesterday’s National Council meeting on the economy. Could the politician, who bears the largest share of the responsibility for the economic catastrophe,...
View ArticleClik here to view.
Sarris: our credibility was below zero
Author: Stefanos Evripidou THE PREVIOUS government’s economic policy was wide off the mark, leading to devastating consequences for the country, said former finance minister Michalis Sarris yesterday...
View ArticleClik here to view.
Cyprus finally asks for return of its moon rock
Author: Stefanos Evripidou CYPRUS HAS finally requested the return of its very own piece of moon, originally gifted to the island around 40 years ago and lost during the chaos of the 1974 coup and...
View ArticleTourism still numb from banking crisis
Author: Peter Stevenson THE ASSOCIATION of Cyprus Travel Agents (ACTA) has said that despite a 20 per cent decrease in reservations since the banking crisis in March, there had been a turnaround in...
View ArticleClik here to view.
‘Holiday at home this year’ residents urged
Author: Bejay Browne The tourism industry is urging residents to holiday at home this year to help beat the crisis.The head of the Paphos regional board of tourism Nassos Hadjigeorgiou said this would...
View ArticleCabinet slashes pensions for community leaders
Author: Stefanos Evripidou THE GOVERNMENT yesterday decided to subsidise rent increases for businesses operating in government industrial estates while decreasing pension allowances for ex-community...
View ArticleHouse passes law for co-ops to raise capital
PARLIAMENT last night passed a law designed to enable cooperative banks to raise capital on their own so as to minimise their need for possible state assistance.The government-drafted legislation makes...
View ArticleClik here to view.
BoC robust... at least on paper
Author: Elias Hazou DATA released by the banking regulator yesterday painted the picture of a robust Bank of Cyprus – at least on paper.The preliminary consolidated balance sheet of Bank of Cyprus...
View ArticleClik here to view.
Three Russian warships due in Cyprus
THREE Russian warships will today be making a port call at Limassol, the defence ministry confirmed last night.Defence minister Fotis Fotiou has been invited aboard one of the vessels tomorrow, a...
View ArticleMinister: medical school will go ahead as planned
Author: Peter Stevenson THE UNIVERSITY of Cyprus’ medical school will start as scheduled in September despite a bill which was submitted to parliament to postpone the opening. Health Minister, Petros...
View ArticleOur View: It would be criminal for a poor state with no funds to waste money
OUR STATE may have had to be bailed out by the troika, in order to avoid bankruptcy, but many of the politicians and other rabble-rousers are still urging it to spend money it does not have. There has...
View ArticleClik here to view.
Four new ambulance stations shelved
Author: Peter Stevenson CONCERNS that lives would be put at risk were expressed by outraged deputies yesterday when it was revealed that four urgently-needed and long-delayed new regional ambulance...
View ArticleNew law will result in more modern co-op sector
THE NEW law aimed at enabling cooperative banks to raise capital paves the way for better running, more modern entities, the co-op banks’ supervisor said yesterday. Constantinos Liras, Commissioner for...
View ArticleInterest rate reductions will help economy, spokesman says
Author: Poly Pantelides THE GOVERNMENT expects borrowing rates to fall in line with a reduction in deposit interest rates, the spokesman said yesterday. Christos Stylianides was speaking after a...
View ArticleLeukaemia boy’s family warns of fake collection in Paphos
Author: Maria Gregoriou UNSCRUPULOUS individuals have been going door-to-door in Paphos falsely asking for money to help five-year-old leukaemia sufferer George Philippides who is due to go to Germany...
View Article
