Our view: Exiting the euro is a debate we must have
EVERY DAY seems to bring another piece of bad news regarding the state of economy, which has been in free-fall and has yet to hit the bottom. Since the first Eurogroup meeting of March 15, the...
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Helios orphans fall victim to haircut
Author: Alexia Saoulli ON AUGUST 14, 2005, 33 children were orphaned overnight, their lives irrevocably changed.These children are the living victims of the fateful Helios Airways crash that killed...
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Probe begins into ousted DEFA boss
Author: Elias Hazou A PROBE is underway into possible criminal offences committed by Costas Ioannou in his previous role as head of the energy regulator.A police spokesman said yesterday that...
View ArticleEAC to get tough on bill-paying
Author: Poly Pantelides THE ELECTRICITY Authority of Cyprus (EAC) said yesterday it planned to resume supply cuts to customers with outstanding payments because the authority was facing severe...
View ArticleInquiry panel starts Friday
THE COMMITTEE of Inquiry appointed to probe into possible civil, criminal or political liabilities concerning developments in Cyprus’ banking sector and economy will hold its first public hearing on...
View ArticlePresident responds to Draghi on Central Bank Governor
Author: Stefanos Evripidou PRESIDENT NICOS Anastasiades has written a letter to European Central Bank (ECB) President Mario Draghi allegedly listing the shortcomings of Cyprus’ Central Bank Governor...
View ArticleFurther relaxations on capital controls
THE FINANCE Ministry has further eased capital restrictions via an eighth decree issued late on Sunday. The new regimen will hold for a period of seven days.Under the new decree, transfers per person...
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SGOs: spare us the sell-off and we’ll find money for troika
Author: Stefanos Evripidou SEMI-GOVERNMENT organisations (SGOs) have offered to come up with the money demanded by the troika in exchange for sparing them from privatisation. The Cyprus...
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Raft of measures to aid economy
THE GOVERNMENT is to ease citizenship rules for foreign investors who lost money under an EU bailout deal, as part of a series of planned measures to salvage what it can of its reputation as a business...
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Our View: Paying for the procrastination of previous decades
NOW that the disastrous bailout deal has been done and dusted other than receiving the necessary approval from a number of European parliaments, the government has set to try and put the country back...
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Depositors could lose as much as €8 billion
LARGE depositors who kept their money in the two biggest Cypriot banks stand to lose up to €8.3 billion through the restructuring of the two institutions, a European Commission document showed.It is...
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Boston Marathon Update: Investigators hunt for clues in Boston Marathon bombing
Investigators on Tuesday searched for the person or group responsible for planting two bombs at the Boston Marathon finish line that killed three people and wounded more than 100 in the worst bomb...
View ArticleCY has contacts with MEA
REPRESENTATIVES of Middle East Airlines (MEA) yesterday held “preliminary contacts” with officials from national airline Cyprus Airways (CY) and the finance ministry. According to a CY announcement...
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Consumers group says ‘watch out for special offers’
Author: Peter Stevenson THE CONSUMERS’ Association has warned people to be wary of special deals at supermarkets and grocers, as there are many instances when the packaging might be damaged or the...
View ArticleEU funds to come earlier for Cyprus
Author: Stefanos Evripidou THE GOVERNMENT yesterday welcomed the European Commission’s expression of solidarity with Cyprus and willingness to bring forward payments to Cyprus from the 2014-2020 EU...
View ArticleCyprus Today
Turkish Cypriot side wants ‘its share’ of the gold THE TURKISH Cypriot leadership is claiming rights to the state gold locked away in the Cyprus Central Bank and earmarked for sale to meet the...
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Rift with Central Bank ‘needs to be resolved’
Author: Elias Hazou THE GOVERNMENT conceded yesterday it was not on the same page with the Central Bank Governor, confirming the growing rift between the two sides.“There is indeed a serious matter at...
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Millions in taxpayers’ money still being wasted
Author: Elias Hazou DESPITE the credit crunch, taxpayers are still footing the bill for projects that have yet to get off the ground, or for wasteful public organisations.The National Health System...
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Auditor-general: 'I told you so'
Author: Poly Pantelides AUDITOR-GENERAL Chrystalla Georghadji yesterday slammed the years of complacency in Cyprus which have led to millions slipping through the fingers of the state, much of which...
View ArticleBefore asking others to pay, Germany should honour its own debts
Author: Avraam HadjiGiovannis THE DISPUTE originated in the 1920’s when Germany issued series of bearer bonds in the USA for revitalisation of its economy following the devastating effects of WWI....
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