UN in ‘standoff’ with Turkish military over fence
Author: Poly Pantelides THE UNITED Nations yesterday had a ‘standoff’ with the Turkish army in the buffer zone near the village of Avlona after the latter reinstalled a fence the UN had just...
View ArticleWoman arrested after husband stabbed to death
A MAN was killed last night in Limassol after being stabbed in the neck in what police believe to be a case of domestic violence. According to Limassol CID head Ioannis Sotiriades, police were called...
View ArticlePimco: there’s no conflict of interest
THERE are no conflicts of interest in the team members or the management of the Pimco team tasked with reviewing the Cyprus banking system, investing company Pimco said yesterday.Pimco was responding...
View ArticleDeputies briefed on social cuts
SOCIAL allowances worth around €30 million will be cut as part of the government’s austerity drive to meet the terms of a bailout, MPs heard yesterday.The €30 million concern cuts from the labour...
View ArticleEU jobless rate hits record high, Cyprus at 12.9 per cent
EURO zone joblessness has reached a new high and the poor state of the economy is reducing inflation to near two-year lows, raising the prospect of further interest cuts by the European Central...
View ArticleUnions on the march
THE UNION movement across Cyprus is planning to hold a work stoppage and mass rally outside Parliament and the Finance Ministry to protest against cost-cutting measures included in the loan agreement...
View ArticleCyprus might need €10b for banks
Author: George Psyllides CYPRUS could require up to €10 billion to recapitalise its banks according to a draft deal with international lenders that was released yesterday.“A bank support facility of...
View ArticleOur View: Hiring more judges not the answer to system’s woes
SERIOUS concerns were expressed by the President of the Supreme Court Petros Artemis about the backlog of cases facing the courts. In a report, released earlier this week he said that the justice...
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Bailout deal made public
Author: George Psyllides THE government yesterday released the full text of the bailout terms agreed with international lenders, which provides for spending cuts of over €1.2 billion between 2012 and...
View ArticleWhere have all the British products gone?
I have been a loyal customer of Carrefour here in Cyprus for several years now and my wife and I do our shopping at the Polemedia Carrefour store. We prefer shopping at this Carrefour supermarket...
View ArticleCYPRUS IN BRIEF
Supreme Court weighs in on cattle farmers THE SUPREME Court has given a thumbs up to the Commission for the Protection of Competition (CPC) on its decision to force cattle farmers to supply Pittas...
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Hospice building to be completed by December
Author: Bejay Browne A NEW hospice in Mesa Chorio in Paphos will be completed by the end of December and is on course to open its doors early next year.Currently, the only functioning hospice in the...
View ArticleColonial files may have been destroyed
SCORES of top secret files relating to the administration of the United Kingdom's colonies may have been destroyed, British MPs were told this week. The Foreign and Commonwealth Office is unable to...
View ArticleEAC ordered to pay up over pylons
THE ELECTRICITY Authority of Cyprus (EAC) has been ordered to pay out €1.2m in compensation for placing high-voltage electricity pylons on privately-owned land. The Appeals Court on Friday overturned...
View ArticleRemand for wife in stabbing case
A WOMAN was remanded in custody for eight days yesterday by the Limassol district court in connection with the murder of her 34-year-old husband. The 39-year-old Greek Cypriot woman was arrested on...
View ArticleScottish arrest warrant for British Cypriot
A PUBLIC prosecutor in Glasgow has issued an arrest warrant for a 45-year-old British Cypriot, Michael Voudouri, in connection with charges of money laundering, the Cyprus News Agency reported...
View ArticlePensioner scammed out of €30,000 by ‘granddaughter’
AN ELDERLY woman from Limassol has been conned out of €30,000 by another woman claiming to be her granddaughter. Police warned the public to be extra vigilant during these times of economic crisis,...
View ArticleTales from the Coffeeshop: Milking it for all it’s worth
Author: Patroclos YOU HAVE to give credit to our commie rulers for the artful way in which they set the political trends. Months of relentless campaigning have finally paid off and bashing the banks...
View ArticleOur View: Unpopular as it may be, bailout is our only option
HOPES that things would calm down after the memorandum of understanding was agreed with the troika have proved wishful thinking. While the political parties appeared have toned down their rhetoric, by...
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Shiarly says deal a positive force for bold change
Author: Stefanos Evripidou THE DRAFT memorandum outlining the bailout terms agreed with international lenders is “the best we could get under the circumstances”, said Finance Minister Vassos Shiarly...
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