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Early ‘parliamentary’ elections in the north
Author: Stefanos Evripidou INTERNAL STRIFE within the ruling National Unity Party (UBP) in the breakaway regime yesterday led to the announcement of early ‘parliamentary’ elections in the north....
View ArticleNeophytou suggests removing CyBCs rights to sell ads
DISY LEADER Averof Neophytou yesterday raised the issue of removing the right to advertising from state broadcaster CyBC during discussion of its 2013 budget in the House Finance Committee. Speaking...
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BOC’s restructuring must be a priority, top businessmen say
Author: Poly Pantelides THE BANK of Cyprus’ survival must be secured so that the economy and the financial sector can have a future despite the gloomy forecasts, the chairman of the employers and...
View ArticleTroika team arrives to monitor developments
A TEAM of troika technocrats arrived in Cyprus yesterday to monitor developments in the island’s financial sector.The troika contacts will begin tomorrow with meetings with finance ministry officials,...
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House was ‘coerced’ in Laiki rescue
Author: Elias Hazou LAWMAKERS were coerced into backing a rescue package for ailing Laiki Bank last May, European Party MP Demetris Syllouris said yesterday.“Parliament was forced to vote for the...
View ArticleOur View: CyBC should not expect the taxpayer to cover loss of advertising...
IT DID NOT take the leadership of the CyBC long to respond to the DISY plan to pass an amendment bill depriving the state broadcaster from carrying advertisements. Just a few hours after the new DISY...
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BoC caught in the crossfire
Author: Elias Hazou FURTHER signs emerged yesterday that Bank of Cyprus (BoC) has been reduced to a hapless hostage caught in crossfire between the government camp and the banking regulator.A...
View ArticleAuthorities suspect fishy goings on at crossing points
Author: Maria Gregoriou A TOTAL of 32 people have been charged so far this year in relation to selling fish allegedly from Turkey, which is coming in through the north.Between January and April of...
View Article‘State will gain millions in taxes from sale of Venus Rock’
Author: Poly Pantelides THE STATE stands to earn hundreds of millions through taxes relating to the purchase by international buyers of the Paphos-based Venus Rock Golf Resort, one the sellers said...
View ArticleReform of public service underway
Author: Poly Pantelides A TEAM of World Bank and British experts are on the island to support the reform of public administration, the commissioner for civil service reform Emanuella Moushioutta...
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Staff strike at Sigma and Hard Rock cafe
Author: Peter Stevenson SIGMA TV channel employees went on strike yesterday in protest at proposed pay-cuts and redundancies as staff at the brand new Hard Rock Cafι in Nicosia have also been striking...
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Limassol marina receives first yachts
Author: Peter Stevenson LIMASSOL Marina has welcomed the first yachts just months after delivering the 94 luxury Nereids Residence apartments.“The delivery of the south eastern breakwater and the...
View ArticleNew CEO for BoC imminent
THE board of stricken lender Bank of Cyprus (BoC) has decided on a new CEO and has passed on its proposal to the Central Bank (CBC), which will have the final say.The name of the chosen candidate was...
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Central Bank sees 'substantial' risks to economy
Author: Stefanos Evripidou CYPRUS is confronted with an “extremely challenging road ahead” with the outcome by no means certain, warned Central Bank of Cyprus (CBC) Governor Panicos Demetriades...
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Ministry official points the finger at Stavrakis
Author: George Psyllides THE way the public debt was being managed by former finance minister Charilaos Stavrakis could have caused the state’s liquidity problems, a finance ministry technocrat who...
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Our View: Both AKEL and DISY guilty of double standards when it comes to CBC...
THERE is a sense of deja vu in the political row over the powers of the Governor of the Central Bank, but the roles have been reversed. Whereas three years ago, AKEL was publicly pillorying the then...
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Schulz calls for ‘spirit of solidarity’ towards Cyprus as Anastasiades...
Author: Stefanos Evripidou PRESIDENT NICOS Anastasiades yesterday asked the European Union to provide additional funding to help Cyprus get out of the mess it’s in. Speaking from Brussels where he...
View ArticleGreen light expected for net metering
Author: Elias Hazou THE CABINET IS today likely to green-light a government-funded programme subsidising net-metering for residences – a policy aimed at generating savings from electricity...
View ArticlePacks of stray dogs roaming Green Line
Author: Peter Stevenson PACKS OF stray dogs are causing problems for both the residents and authorities in the capital but especially in municipalities bordering the buffer-zone. Ayios Dhometios, with...
View ArticleDISY deputy tables simple health-care solution
RULING DISY tabled a proposal to the House Health Committee yesterday which would provide healthcare for all through a levy on wages.The proposal would mean all those currently registered with the...
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