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Our View: A dysfunctional banking system will not help in attracting investors
IN CURRENT market conditions, characterised by illiquid banks, an impecunious state, a rapidly shrinking economy and zero business confidence, foreign investment appears the only hope for Cyprus. As...
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Union fury over labour cost cuts at municipality
Author: Stefanos Evripidou UNIONS ARE furious over the decision of Engomi Mayor Zacharias Kyriacou to cut the working days of municipal employees at the “overstaffed” local authority. Kyriacou said...
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Economic contraction to exceed 8.7 per cent
The economy will contract by more than 8.7 per cent this year, according to the finance ministry, with growth expected from 2015. The final rate depends on tackling the challenges in the banking sector...
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Christofias will not have to appear in parliament over solidarity fund
Parliament will look into the former president’s solidarity fund, but Demetris Christofias will not have to appear before the Watchdog Committee, House President Yiannakis Omirou said on...
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Overseas travel down 19 per cent
Cyprus residents’ trips abroad dropped 19 per cent year-on-year in April, the statistical service said on Thursday.The service said 84,688 residents travelled overseas in April compared with 104,493 in...
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Deadly blast verdict to be issued on July 9
The Criminal Court trying the 2011 Mari naval base blast that killed 13 people and incapacitated the island’s biggest power station will issue its verdict on July 9, it was announced on Thursday.Six...
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Leaders meet for dinner
President Nicos Anastasiades and Turkish Cypriot leader Dervis Eroglu were meeting on Thursday night for dinner at the UNFICYP Chief of Mission’s residence in the UN controlled-buffer zone in Nicosia....
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Researchers asking public to ‘spot a jellyfish’
By Maria Gregoriou A RESEARCH centre is asking for the public’s help in locating jellyfish in Cyprus’ coastal waters, which have been growing in population during recent years in the Mediterranean. The...
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North Korea says South’s ‘sinister’ moves caused talks collapse
By Jack Kim North Korea blamed the South on Thursday for scuttling fresh dialogue that aimed to ease tensions between the rival Koreas, saying Seoul deliberately torpedoed reconciliation talks planned...
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New clampdown on draft dodgers
By Peter Stevenson DRAFT dodgers could be denied a driving licence, a gun licence and a job in the government, if new proposals to combat the phenomenon go ahead, deputies heard yesterday. Defence...
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New bills aim to protect homeowners from eviction
By Poly Pantelides PARLIAMENT’S legal affairs committee yesterday discussed two bills aimed at protecting home owners and smaller businesses from repossessions as laid out in the terms of the...
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Our View: Anastasiades letter was correct but should not have been made public
PRESIDENT Anastasiades’ decision to send a letter to the heads of the IMF, ECB and the European Commission, appealing to them to change the terms of the MoU in order to save the Bank of Cyprus was the...
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Harassed foreign investor granted palace meeting
By Stefanos Evripidou A FOREIGN investor facing a host of bureaucratic obstacles to opening an eco-friendly sustainable resort in Latchi village, made worse by a “hostile” public service, has found a...
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Father and son arrested for emergency room trouble
A father,54, and his 33-year-old son caused trouble in the Larnaca hospital emergency room on Thursday because doctors were unable to provide treatment for drunkenness. Police said the two showed up...
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Greek strike affects flights
Eight flights will be affected on Thursday because of an air traffic controller strike in Greece. Greek controllers will stop working between 3pm and 5pm in protest for the Greek government’s decision...
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Life imprisonment for defendants in Andis’ murder
Andis Hadjicostis’ parents Costis (L) and Toulla following the announcement of the verdict By Elias Hazou The Nicosia Criminal Court on Thursday delivered its verdict in the trial for the slaying of...
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Cyprus natural gas project a priority for Total
President Nicos Anastasiades expressed his satisfaction Thursday after meeting in Paris with Christophe de Margerie, the CEO of French oil major Total. Speaking to newsmen after the meeting, which...
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Nelson Mandela’s legacy
By Gwynne Dyer AS I WRITE this Nelson Mandela is still with us. He may even still be living at the end of this year. But this is his fourth hospitalisation in six months, and the prognosis for...
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‘Third mobile provider will not benefit consumers’
By Maria Gregoriou THE TWO existing mobile network operators, semi-state CyTA and privately-owned MTN have united in their opposition to a third operator, citing the small size of the island’s market....
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Larnaca castle extends opening to weekends
By Maria Gregoriou THE MEDIEVAL castle in Larnaca is to be opened up to the public on weekends following a decision by department of antiquities. Larnaca municipality released a statement yesterday...
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