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Draghi: Cyprus to blame for turmoil
THE EUROPEAN Central Bank yesterday put the blame for initial market turmoil over Cyprus' bailout squarely on the government, and pledged that taxing depositors would not become normal procedure.ECB...
View ArticleNEW Cyprus Airways in talks with potential investor
A Chinese company is interested in buying ailing national carrier Cyprus Airways (CY), it was announced Friday.In a statement to investors, CY said officials from Beijing Yi Xiang Da Investment Co Ltd...
View ArticleTruth sounds suspect over BoC buying of Greek bonds
Author: Loucas Charalambous THE FORMER chief executive officer of the Bank of Cyprus Andreas Eliades - the man considered responsible for the destruction of the bank - decided to give his views about...
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Future of gas burns brightly
Interview with Charles Ellinas, chairman of the state hydrocarbons company KRETYK* ‘Business as usual’ for oil and gas giants: Cyprus’ financial crisis not a problem* Noble rebuffed Turkish demands to...
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Confusion and frustration over capital controls
Author: a Staff Reporter PUBLIC SHOCK about the tough terms of the international bailout is turning into anger as millions of euros remain locked in the banks under capital control...
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We can’t fight what has happened, so we should use it
Author: Maria-Christina Doulami MEDICAL experts are expecting a rapid increase in cases of depression and anxiety disorders as the extent of the economic crisis begins to register and impact on...
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It’s a crisis, but not 1974
Author: Stefanos Evripidou Both President Nicos Anastasiades and the EU's economy commissioner Olli Rehn have recently referred to 1974 to remind Cypriots of their resilience and how they once...
View ArticleIn Brief
Antiquities theft TWO MEN, aged 26 and 65 were arrested late Friday in connection with a case of antiquities theft. According to a police spokesman a 26-year Syrian man had three amphorae in his...
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Final haircut figure expected tomorrow
Author: Peter Stevenson OFFICIALS at the Central Bank will work through the weekend to come-up with a final percentage for the levy on uninsured deposits of over €100,000 at Bank of Cyprus, it was...
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Tales from the Coffeeshop: Cunning commies and the used-bank salesman
Author: Patroclos ANDREAS Vegnopoulos has been taking Cypriots for a ride ever since 2006 when he arrived in Kyproulla promising to turn Laiki Bank into a banking colossus that would make all its...
View ArticleOur View: Anastasiades government has dashed hopes of a new start
THE CHEAP rhetoric, demagoguery and populist policies that have blighted public life ever since the establishment of the Republic and take a big share of the blame for our desperate, current...
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Tourism takes centre stage but it’s no magic bullet
Author: George Christou KEY PLAYERS from the tourism industry say they have good reason to feel bullish about a successful summer season, but some industry watchers say it is not the magic bullet it...
View ArticleChurch ready to pay up for monastery restoration
THE CHURCH of Cyprus is ready to pay to restore the crumbling Apostolos Andreas monastery in the occupied Karpas peninsula, Archbishop Chrysostomos II said yesterday. The church is expected to put in...
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More measures to tackle hooliganism after new outbreak
Author: Peter Stevenson A MEETING was held yesterday at the justice ministry aimed at creating new measures to prevent the many incidents of violence and hooliganism witnessed at football...
View ArticlePaphos hospice forced to downsize
Author: Bejay Browne THE Friends Hospice in Paphos has been forced to scale down its operation due to the deepening economic crisis.The hospice is currently the only operational hospice in Paphos and...
View ArticleNoble firms up drilling date
Author: Elias Hazou NOBLE Energy will begin appraisal drilling in its Block 12 offshore licence most likely in June, its CEO Charles Davidson said yesterday.It was the first time the Houston-based...
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Gas now cornerstone of state’s policy
Author: Elias Hazou DEBT-STRICKEN Cyprus is pinning its hopes for economic recovery on the potentially vast reserves of offshore natural gas, President Nicos Anastasiades said yesterday.“Taking into...
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AG confirms suspending prosecution on son’s driving violations
Author: Poly Pantelides ATTORNEY-general (AG) Petros Clerides used his position to suspend prosecution for his son, Christodoulos Clerides, who was caught driving over the alcohol limit in a car that...
View ArticleNew man appointed to inquiry panel
SUPREME Court judge Andreas Kramvis, who is due to retire next month, will be replacing Yiannakis Constantinides, the outgoing member of a committee of inquiry into the responsibilities of Cyprus’...
View ArticleDeputy chief post at central bank axed
Author: George Psyllides THE president cancelled the controversial appointment of Spyros Stavrinakis to the post of deputy Central Bank of Cyprus (CBC) governor, the government spokesman said...
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