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Merkel visit fuels election acrimony
Author: Poly Pantelides THE VISIT by German Chancellor Angela Merkel on Friday, and her and others’ clear support for presidential candidate Nicos Anastasiades, sparked a pre-election spat yesterday...
View ArticleMan accused of shooting Hadjicostis says he’s innocent
Author: Poly Pantelides THE MAN accused of pulling the trigger of the gun that killed media boss Andis Hadjicostis yesterday proclaimed his innocence while coming under fire by the prosecution at...
View ArticleBank of Cyprus cuts staff by 300 in Greece
BANK OF CYPRUS (BoC), the island’s biggest lender, said yesterday it has cut staff in Greece by 300 people through a voluntary exit programme expected to reduce its payroll by some 12 per cent per...
View ArticleOfficials arrive for Pimco discussions
Author: George Psyllides MEMBERS of a steering committee tasked with overseeing the due diligence on bank portfolios were expected on the island yesterday to iron out differences with Cypriot...
View ArticleShiarly defends record on transparency
CYPRUS is not a hub for money laundering and eurozone peers should decide quickly on the island's bailout bid, Finance Minister Vassos Shiarly told a German newspaper on Sunday."Nobody has proved so...
View ArticleAirport threat leads to flood of fine payments
Author: Poly Pantelides A POLICE campaign to target those who haven’t paid their fines by stopping them at airports has led to a deluge of offers from offenders seeking to pay their outstanding debts,...
View ArticleScrews tighten with VAT hike
Author: Despina Procopiou and Maria Christofide THERE was more misery for consumers yesterday as VAT rose by one percentage point to 18 per cent, bumping up the already high cost of electricity and...
View ArticleKey navy officials were not told of containers’ contents
Author: Poly Pantelides EVEN KEY navy officials including fire safety personnel were kept in the dark over the contents of the containers held at the Evangelos Florakis naval base that exploded in...
View ArticleInsurance payout reveals state liability for Mari blast
Author: Elias Hazou FOR THE first time since the Mari blast of July 2011, the state appears to have openly accepted civil liability for the incident, having agreed to pay a large chunk of the repair...
View ArticleOur View: Imperative to tackle damaging allegations of money laundering
THE ALLEGATIONS of money laundering that have featured prominently in the German press recently and have been taken up by German politicians should not be ignored or dismissed lightly, because if they...
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Candidate focus on financial woes
Author: Poly Pantelides The first televised live presidential debate for next month’s elections took place yesterday with the three main contenders focusing on the economy and the responsibilities...
View ArticlePolice officer met by gruesome sights at Mari
Author: Elias Hazou DISMEMBERED bodies, mangled vehicles, smoke and ashes were the grisly sight a police officer encountered on arriving at Mari naval base a few minutes after the deadly blast of July...
View ArticleTense stand-off as anti-fascists face ELAM
Author: Stefanos Evripidou THOSE AMBLING through the streets of old Nicosia last night might have mistaken their location for a battle zone as nationalist party ELAM and anti-fascists squared up...
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Three sides claim debate victory
Author: Poly Pantelides THE PARTIES backing the three main contenders in next month’s presidential elections looked back on Monday’s televised debate yesterday, all throwing accusations at their...
View ArticleRevision of electricity prices to be discussed today
Author: Stefanos Evripidou THE ELECTRICITY Authority (EAC) will meet with the energy regulator today to decide on whether to revise electricity prices downwards, after the 4.0 per cent increase...
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‘Milk price ceiling will backfire on shoppers’
Author: Elias Hazou MANUFACTURERS and consumer advocacy groups were yesterday seething at the commerce minister’s decision to press forward with a price ceiling on milk, warning that the move would...
View ArticleBanks follow sovereign downgrade
MOODY`S Investors Service has downgraded the senior unsecured debt and deposit ratings of three Cypriot banks to Caa2 and lowered the standalone credit assessments of two of those banks, Hellenic Bank...
View ArticleFresh onslaught from German media
Author: George Psyllides WHILE Cyprus has repeatedly denied money laundering charges, the German media has continued to fire broadsides at the island, branding Cyprus a safe haven for dubious money.In...
View ArticleOur View: Nothing new from presidential debate
THE FIRST of the scheduled television debates of the three main presidential candidates did not receive very good reviews in yesterday’s newspapers and on the radio shows. This was also the sentiment...
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Christofias feels the heat in Strasbourg
Author: George Psyllides DEMETRIS Christofias was forced to go on the defensive yesterday at the European Parliament when several MEPs took pot shots at Cyprus over money laundering allegations, and...
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