School breakfasts move gathers momentum
Author: Peter Stevenson PREPARATIONS are underway at the education ministry to supply over 8,000 needy school-children with breakfast as soon as possible. The ministry is co-ordinating efforts between...
View ArticleCyprus-Greece pipeline ‘not viable’
Author: Elias Hazou PIPING gas from Cyprus to Greece and then onto European markers would not be commercially viable, the consensus seemed to be yesterday among businesspeople, financiers and analysts...
View ArticleProperty tax will kill tourism, say hoteliers
Author: Stefanos Evripidou HOTELIERS yesterday warned the restructuring of immovable property tax (IPT) as provided in the draft memorandum with the troika, would put them out of business and kill off...
View ArticlePimco report will be sent tonight
THE INTERIM report of Pimco, which will contain the amount deemed necessary for the recapitaliation of Cyprus` banking sector, will be sent this evening from the US.The Cyprus News Agency said however...
View ArticleAusterity at Central Bank must be cleared by ECB
Author: Stefanos Evripidou CENTRAL BANK governor Panicos Demetriades has sent a letter to House President Yiannakis Omirou requesting that the independent institution be temporarily excluded from four...
View ArticleOrphanides: Christofias making false statement
Author: George Psyllides THE FORMER Central Bank governor yesterday rejected suggestions that he did not stop a bank deal, which President Demetris Christofias said had cost the island some €4...
View ArticleChristofias breaks down during PEO address
PRESIDENT Demetris Christofias broke down in tears last night during an impassioned speech before delegates of left-wing trade union PEO.The head of state became emotional while talking about looming...
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Budget 2013 the ‘most crucial’ ever
THE 2013 budget is perhaps the most crucial parliament would have to approve in the island’s modern history, Finance Minister Vassos Shiarly said yesterday, as he urged parties to put their differences...
View ArticleOur View: Government’s ill conceived property tax will deepen recession
THE HIGHER TAX on immovable property that would be levied from next year will have many negative repercussions that were obviously not considered by the government when it drafted the tax categories....
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And this is just the beginning
Author: Elias Hazou and George Psyllides UNDER THE threat ‘bailout or bust’, legislators yesterday approved the first batch of tax hikes and salary cuts, giving Cypriots a glimpse of even tougher...
View ArticleRepublic’s assistance to Turkish Cypriots poised to fail
Author: Costas Apostolides OVER THE past few months the issue of the benefits the Turkish Cypriots receive from the Republic of Cyprus (ROC), or the Greek Cypriot Community have the repeatedly been...
View ArticlePublic sector must do more with less but are top executives up to the task?
Author: Theodore Panayotou WE LIVE in the era of systemic uncertainty. Only two things can be predicted with total certainty about the future. The first is that tomorrow will be very different from...
View ArticleBank employees should not escape unscathed from cuts
Author: Loucas Charalambous IN MY LAST few articles I wrote about how provocative and unjustified the reaction of the union bosses of the public employees was to the measures contained in the...
View ArticleBus service restarts after minister intervenes
BUS services returned to normal yesterday after Nicosia and Limassol drivers ended their strike following the mediation of Communications Minister Efthimios Flourentzos.Drivers went on strike last week...
View ArticleLanguage tourism offers an income boost in troubled times
Author: By Peter Stevenson TRAVELLING to Cyprus to learn English could provide the tourist sector with a much needed boost during this period of economic crisis. Although Cyprus’ English language...
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Fame beckons for Cyprus Gangnam creator
Author: By Peter Stevenson FOR Nicolas Jovani, YouTube has provided a stab at fame on an island that had so-far shunned his attempts at stardom. “OPA Cyrus Style”, Jovani’s local parody of the hugely...
View ArticleDIKO plays down charges of nepotism
Author: George Psyllides CENTRIST DIKO party yesterday sought to play down a newspaper report suggesting its leader, Marios Garoyian, engaged in nepotism.Daily Phileleftheros published copies of faxes...
View ArticleTales from the Coffeeshop Philanthropy in a time of crisis
Author: By Patroclos THE ALTRUISM and sense of community of the highest-paid members of our society really warms the heart. As if it were not bad enough having the judges taking the government to...
View ArticleOur view: A shameful lack of public spirit
EVERY DAY a new interest group protests against the provisions of the memorandum and argues that provisions affecting its members must be rejected. They all want to be exempted, for constitutional or...
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Officials scrutinise long-awaited bank report
Author: George Psyllides CYPRUS yesterday received a preliminary report outlining how much money would be necessary to recapitalise its banks but an official overall figure was not immediately...
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