Nowhere else to turn for Laiki depositors
Author: Poly Pantelides A NEW association is on a mission to reclaim the money they say was stolen from them as part of a harsh bailout for Cyprus.Its members are the depositors of Laiki or Popular...
View ArticleCY workers approve rescue deal, half of them to go
Author: George Psyllides FACED with the prospect of closing down, Cyprus Airways (CY) workers yesterday approved a rescue deal that called for shedding around half its current personnel.“Not approving...
View ArticleFour foreign banks exempted from capital controls
THE FINANCE ministry yesterday issued a decree, exempting four credit institutions operating in Cyprus from the capital restrictions imposed on Cypriot banks. These institutions are BLOM Bank SAL,...
View ArticleClik here to view.
National Economic Council gets down to work
Author: Stefanos Evripidou PRESIDENT NICOS Anastasiades yesterday met with his National Economic Council for the first time yesterday, one month after its appointment, paving the way for the top...
View ArticleOur View: Neither the government nor the central bank inspires confidence
WHAT IS happening at the Banks of Cyprus? Finance minister, Haris Georgiades’ publicly-voiced displeasure, on Thursday, over the slow pace of the restructuring process put additional pressure on the...
View ArticleClik here to view.
US keen to help ‘unfreeze’ Cyprus conflict
Author: Stefanos Evripidou THE ECONOMIC crisis could “open up” opportunities to end the frozen conflict on the island, said US Secretary of State John Kerry yesterday, adding that hydrocarbon...
View ArticleArson suspected in car dealership fire
A FIRE in a used car dealership in Paphos early yesterday morning caused extensive damage to three used cars worth €10,000. The fire was spotted by passersby at 2.30am yesterday in a car dealership on...
View ArticleClik here to view.
The NHS really is on its way, minister insists
Author: Poly Pantelides SITTING around a stately oval table in his office last week, the health minister said that recent criticism from the medical association on the future of the National Health...
View ArticleClik here to view.
A life of beginnings
Author: Poly Pantelides ELSIE SLONIM’S book of almost a century of twists and turns is so incredible and poignant that it could be a work of fiction. But the 95-year-old whose Nicosia home - where...
View ArticleCampaign to halt motorbike deaths
TRAFFIC POLICE chief Demetris Demetriou yesterday launched a police campaign aiming to record zero road deaths of motorcyclists this summer, aptly named Target Zero. Speaking to reporters, Demetriou...
View ArticleEnergy a tool for regional cooperation
ENERGY CAN be used as a tool to bring about regional cooperation and integration in the eastern Mediterranean, said Foreign Minister Ioannis Kasoulides, following his meeting with US Secretary of State...
View ArticleRussia hasn't yet agreed to extend Cyprus loan, minister says
RUSSIA has not yet agreed to extend the terms of its 2.5 billion euro loan to Cyprus, Russia's deputy finance minister said yesterday."There was a request ... to change the duration of the loan, we...
View ArticleClik here to view.
Bailout was political price for falling out of step with EU
Author: Nathan Morley in Brussels A TOP EU official has claimed that the humiliating raid on Cypriot bank accounts was a punitive measure for excessive time wasting and increasingly strained relations...
View ArticleClik here to view.
‘We will feel proud again’
Author: Stefanos Evripidou IN a conscious effort to raise the country's dampened spirits, President Nicos Anastasiades yesterday pledged Cyprus would get out of the quagmire and once again be a proud...
View ArticleTales from the coffeeshop: Strange days indeed when you want politicians to...
Author: Patrolcos APART from the energy-sapping heatwave, things did not get any worse in the fortnight our establishment had been closed, which must be something to rejoice about. It is true that...
View ArticleOur View: President must stop letting AKEL set the agenda
THE SHAMELESS audacity of AKEL knows no bounds. The party which annihilated a once-thriving economy and drastically reduced the living standards of the entire population has come up with a proposal for...
View ArticleClik here to view.
Electricity cash would arrive quicker than gas
Author: Elias Hazou AN ISRAELI-led joint venture’s proposal to produce and export lucrative electricity from possible gas reserves within offshore Block 3 is being “considered” by the government, the...
View ArticleRussian bank stays in Cyprus
THE RUSSIAN Commercial Bank (Cyprus) Ltd, subsidiary of the Russian state bank VTB, intends to maintain its operations in Cyprus. According to Cyprus News Agency sources, the bank has decided to...
View ArticleCyprus tops EU survey in work-related stress
CYPRUS has the highest percentage of workers in Europe who are suffering from work-related stress, at 51 per cent.This is three times higher than the European average of 16 per cent.These finding were...
View ArticleSeasonal storms stronger than usual
Author: Maria Gregoriou THE STORMS that have caused flash floods mainly inland and in the mountains will continue today and may last until tomorrow.From May 1 until 9am yesterday the total amount of...
View Article