Our View: Central Bank appointment is solely about maintaining AKEL’s influence
APPOINTING a deputy governor of the Central Bank was the president’s constitutional right was the stock response by the government and AKEL to the barrage of political criticism against the...
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Fury over appointment of CB deputy
Author: George Psyllides THIRTEEN days before the presidential elections, which he is not contesting, President Demetris Christofias yesterday appointed a deputy Central Bank governor – a position...
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Stranded ship in limbo
Author: Bejay Browne FOLLOWING questions raised in parliament concerning the ship which remains stranded on rocks in Paphos, the department of merchant shipping has confirmed that no further progress...
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Menoyia centre finally up and running
Author: Poly Pantelides A COMMITTEE appointed by the cabinet yesterday will oversee the Menoyia detention centre, which became operational only last week.The committee, falling under the auspices of...
View ArticleTotal deal to be signed today
Author: Elias Hazou THE GOVERNMENT will today sign a deal granting French oil giant Total two concessions to explore and drill for hydrocarbons in Cypriot waters.The concessions are for offshore...
View ArticleEU tightens ‘dirty money’ rules
THE EUROPEAN Commission yesterday adopted two proposals to reinforce the EU's existing rules on anti-money laundering and fund transfers. The threats associated with money laundering and terrorist...
View ArticleState defends filling CB position
Author: Elias Hazou THE government yesterday defended President Christofias’ decision to appoint a deputy Central Bank governor, a position kept vacant for the last 50 years.The move has sparked a...
View ArticleAlmost 46,000 now unemployed
THE JOBLESS rate rose 23.8 per cent year on year in January, almost reaching 46,000, the statistical service said yesterday.The number of registered unemployed on the last day of January this year...
View ArticleClampdown on benefits’ cheats
Author: Peter Stevenson THOUSANDS of euros are being scammed from the office of social security by EU residents who despite having lost their jobs in Cyprus and returned to their country of origin...
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Bread and work, not hunger and unemployment, say protesters
Author: George Psyllides CASUAL government workers who lost their jobs in austerity-related cuts yesterday protested outside the finance ministry and warned they would not vote in this month’s...
View ArticleOur View: Bondholders unlikely to get anywhere collectively
IN CYPRUS, the rule seems to be that those who make a lot of noise, usually, get what they demand. The holders of Contingent Convertible bonds of Laiki and Bank of Cyprus are hoping the rule applies to...
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Violent scuffles at Paphos building site
Author: George Psyllides VIOLENCE erupted in Paphos yesterday when police confronted striking builders who tried to stop strikebreakers who were brought in to take over the work at a hotel...
View ArticleRaising awareness on side effects of meds
Author: Poly Pantelides LONG-TERM users of medication may at some point suffer from side effects, big or small, but a little known scheme that has been running for years allows patients and doctors to...
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Paphos builders say their resolve remains strong
Author: Bejay Browne DAYS after violent scenes outside a building site in Paphos, striking construction workers were still defiant yesterday.Three people were arrested during the incident which took...
View ArticleNew deadlock in builders’ strike
Author: Peter Stevenson TALKS between the labour ministry, trade unions and the Building Contractors Association (OSEOK) reached a dead end yesterday when the latter rejected the latest mediation...
View ArticleState denies it ‘ordered’ licence for Gaza bank
Author: George Psyllides THE government yesterday denied a report that it had instructed the Central Bank (CB) to license a bank operating in the Gaza Strip, currently under the de facto rule of...
View ArticleEurogroup eyes Cyprus gas receipts
FUTURE revenues from natural gas deposits in Cyprus could be taken into account in bailout talks for the indebted island, Eurogroup president Jeroen Dijsselbloem said yesterday.But he cautioned that...
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Kassinis appointed to KRETYK
Author: Elias Hazou LONG-SERVING energy chief Solon Kassinis has quit the civil service after being offered a top job with the state hydrocarbons company.Kassinis has accepted an offer – sanctioned by...
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Fuel prices rise again
Author: Poly Pantelides FUEL PRICES have gone up again this week, frustrating the head of the consumers’ union who said people had had enough with the excuses offered whenever prices are hiked.Prices...
View ArticleOur View: State needs to cut more from the fat cats to help the poor
EVERYONE who saw the unemployed man sobbing in front of the cameras, desperately asking “what can we do, what can we do?” would have been moved. He was taking part in a demonstration outside the...
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