By Angelos Anastasiou
Lowering taxes, imposing heavier penalties for tax evasion and renegotiating the terms of Cyprus’ economic adjustment programme were some of the measures proposed by a University of Nicosia study on tackling the issue of non-performing loans.
UNic professors Andreas Theophanous, Christoforos Christoforou and Kyriacos Georgiou presented their proposal on Tuesday.
It included a comprehensive redesigning of fiscal, growth and social policies, with a focus on lower taxes and tougher penalties for tax evasion.
By Angelos Anastasiou
By a staff reporter
Attorney-general Costas Clerides irked MPs on Tuesday when he said a possible conflict of interests over the Central Bank governor and a law office representing an individual being sued over the banking collapse was not his responsibility and declined to appear before the House Ethics Committee.
In a letter to the committee, Clerides said the issue “does not fall within the remit of the attorney-general nor did it necessitate the attorney-general to voice an…
By Andreas Vou
Despite another excellent display against one of the continent’s strongest sides, APOEL were left bitterly disappointed as they went down to a 0-1 defeat at the hands of Paris Saint-Germain following a late Edinson Cavani goal on Tuesday night.
APOEL more than held their own against the riches of talent that their opponents possessed and had the clearer chances of the two sides to win the match but Cavani’s clever finish on 87 minutes inflicted…
By Mike Collett
Chelsea crushed Maribor 6-0 in a predictably one-sided Champions League Group G match at Stamford Bridge on Tuesday that saw Jose Mourinho’s side stretch their unbeaten run from the start of the season to 12 matches.
Veterans Didier Drogba, 36, who scored a penalty, and skipper John Terry, 33, were both on the scoresheet along with Loic Remy, Eden Hazard – who scored twice, once from the spot – and an own goal.
By Dmitriy Rogovitskiy
CSKA Moscow staged a stirring fightback to come from 2-0 down and earn a 2-2 draw against Manchester City in a Champions League clash played behind closed doors on Tuesday.
First-half goals from Sergio Aguero and James Milner put the visitors in command, but the Russian side fought back after the break, with Seydou Doumbia’s strike giving them a lifeline and Bebras Natcho’s 86th-minute penalty earning them a share of the points.
The municipal council of Aradippou, Larnaca, decided in a close vote – seven in favour and six opposed – on Tuesday to approve the building of two factories in the village’s industrial area, which will store, maintain and fix machinery to be used by various gas and oil-drilling companies in Cyprus’ Exclusive Economic Zone.
Aradippou mayor Evangelos Evangelides told the Cyprus News Agency that “the majority of the council voted in favour of issuing the permits, but on conditions.”
The Paphos district court on Tuesday rejected a police request to detain the town’s mayor, Savvas Vergas, and two others for eight days in connection with alleged irregularities over a music concert held in August.
Vergas, close associate Maria Solomonidou, and her husband Constantinos Sifantos, were arrested on Monday following claims that an events company belonging to Sifantos got a tax break on condition of donating part of the proceeds from a Sakis Rouvas concert to charity.
By Jeffrey Dastin
Travellers to the United States from Ebola-stricken Liberia, Sierra Leone or Guinea must fly into one of five airports that have enhanced screening in place for the virus, the US government said on Tuesday.
The restrictions, to take effect on Wednesday, will subject affected travelers to temperature tests among other protocols at New York’s JFK, New Jersey’s Newark, Washington Dulles, Atlanta and Chicago’s O’Hare international airports. These airports account for about 94 per cent of the passengers…Read More
By Jonny Hogg and Gulsen Solaker
Turkish Prime Minister Ahmet Davutoglu unveiled a tightening of security legislation on Tuesday following deadly protests this month, amid growing fears that the government is using the unrest to tighten its grip on power.
Around 40 people were killed in violence that swept southeast Turkey after Kurdish protesters took to the streets to express their fury over the fate of the Syrian Kurdish border town of Kobani, besieged by Islamic State militants for a…Read More
By Roberta Rampton and Jeff Mason
The White House said on Tuesday that detained American tourist Jeffrey Fowle had been released from North Korea and was on his way home to be with his family.
White House spokesman Josh Earnest said the United States welcomed the move but pressed North Korea to release two other US citizens as well.
“While this is a positive decision … we remain focused on the continued detention of Kenneth Bae and Matthew Miller and…Read More
By Jean Christou
Denouncing Turkey at the European Council this week, and vetoing the opening of new chapters in its accession course were two of eight measures decided by the National Council on Tuesday.
After a second day of discussions on Turkey’s violation of the island’s exclusive economic zone (EEZ), the Council issued a joint communiqué condemning Turkey’s encroachment and announcing a list of eight steps Cyprus would be taking to counter the move.
Government spokesman Nicos…
Energy Minister Giorgos Lakkotrypis said on Tuesday the best answer to the Turkish provocations in the island’s EEZ was “business as usual”.
Answering reporter’s questions at the House, Lakkotrypis said despite the challenges to Cyprus, ENI-KOGAS was continuing its drilling work in Block 9 with the Sapiem 10000, and was on schedule. He said the government was in daily contact with the company.
“We are monitoring the drilling,” he said, adding that officials from his ministry were also…
By Constantinos Psillides
By the end of the year Cyprus will receive good news on halloumi, Agriculture Minister Nicos Kouyialis said on Tuesday, adding that securing the name will be beneficial for everyone on the island.
Kouyialis was asked by reporters to respond to the news that a Greek court ruled that a company in Greece using the name ‘halloumi’ for its product should cease immediately, arguing that halloumi is in the process of being granted a certificate…
By George Psyllides
Banks will start lending after the Europe-wide stress tests, Central Bank (CBC) Governor Chrystalla Georghadji said on Tuesday, suggesting that the results were expected to be manageable.
Speaking before the House Ethics Committee, Georghadji said banks did not have a liquidity problem and have even deposited cash with the CBC at a negative interest rate.
The governor said she expected this liquidity to be channelled into the real economy after the stress tests.
By Vladimir Soldatkin and James Regan
Christophe de Margerie, the charismatic and outspoken chief executive of the French oil company Total, was killed when his private jet hit a snow plough as it was taking off from Moscow’s Vnukovo airport on Monday night.
His death leaves a void at the top of one of the world’s biggest listed oil firms at a difficult time for the industry as oil prices fall and state-backed competitors keep them out of some of…Read More
By Jean Christou
There are only hours left to win a spot to witness the landing of the European Space Agency (ESA) Rosetta spacecraft’s robotic probe Philae on the surface of a comet on November 12 in Germany.
The probe is expected to land on ‘Site J’, which the ESA would prefer had a more illustrious name for such a big event, and have put out a call to the public.
EU and US nationals have until…
Residents near Konnos beach in Paralimni, Famagusta district, had a mild scare on Tuesday, after a fake underwater mine was spotted just off the coast, leading the bomb squad to close the beach.
The mine was reported at around 3pm by water sports owners who thought it could be real.
Bomb squad officers sealed off the area and collected the mine, only to discover it was a dummy, left over from WWII according to Famagusta Police spokesman Giorgos…
The Cyprus Tourism Organisation (CTO) on Tuesday inaugurated its second cycling path and its 7th wine route.
The second cycling route, which is approximately 69km long, begins at Limassol Marina and connects to the 1st cycling route in Pano Platres. The 7th and final wine route is located in the mountain area of Larnaca and Nicosia and passes through 11 communities and three wineries, Aes Ambelis, Ktima Dafermou and Ktima Christoudia, the CTO said.
Both projects are co-funded by…
By Kate Kelland
A Bulgarian man who was paralysed from the chest down in a knife attack can now walk with the aid of a frame after receiving pioneering transplant treatment using cells from his nose.
The technique, described as a breakthrough by a study in the journal Cell Transplantation, involved transplanting what are known as olfactory ensheathing cells into the patient’s spinal cord and constructing a “nerve bridge” between two stumps of the damaged spinal column.
“We believe… this…Read More
By Joe Brock
Olympic and Paralympic sprinter Oscar Pistorius started his five-year jail sentence on Tuesday for killing his girlfriend Reeva Steenkamp, marking the end of a trial that has gripped South Africa and millions around the world.
His uncle, Arnold Pistorius, indicated he would not appeal.
As judge Thokozile Masipa gave her decision on the 27-year-old’s culpable homicide conviction, Pistorius, whose downfall has been likened to that of American football star O.J. Simpson, stood resolutely in the dock.