Anzac Centenary Service

Anzac Centenary Service

A handout picture made available by the Office of the Australian Prime Minister shows New Zealand Prime Minister John Key (C, rear) and Australian Prime Minister Tony Abbott (C) laying wreaths at the ANZAC Peace Park in Albany, Western Australia, 01 November. Australia commemorates the 100th anniversary of the day when the first convoy of 30,000 from Australia and New Zealand sailed from Albany's King George Sound (EPA)

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Local News Business November 1, 2014

‘Other countries can learn from Cyprus’ crash’

‘Other countries can learn from Cyprus’ crash’

Countries can learn lessons from Cyprus’ economic crash and subsequent bailout package in terms of preventing future financial crises, according to a newly-released report.

Researchers from Imperial College Business School and the University of Cyprus carried out an in-depth analysis of why Cyprus needed to be bailed out to explore what lessons could be learnt from the crisis. According to the researchers, Cyprus suffered from overconfidence arising from around 35 years of almost continuous and robust growth.  This resulted in…

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Local News November 1, 2014

Germanwings start flights to Cyprus

Germanwings start flights to Cyprus

Hermes Airports has welcomed the launch of Germanwings routes to Cyprus. The German airline which is a subsidiary company of Lufthansa, will connect Larnaca with Cologne. The route commenced on Saturday on a weekly basis, every Saturday.

Hermes said the launch of Germanwings’ flights to Cyprus was expected to contribute significantly to the efforts to reviving tourist traffic from Germany, which have waned in recent years.

Germanwings’ flights also give passengers the opportunity to benefit from the airline’s extensive air-connection…

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International News November 1, 2014

Army officer takes charge in Burkina Faso, ousting general

Army officer takes charge in Burkina Faso, ousting general

By Mathieu Bonkougou

An officer in Burkina Faso’s presidential guard seized power on Saturday promising to lead the West African country to elections after the resignation of longtime President Blaise Compaore, in an apparent putsch against the military chief of staff.

Compaore stepped down on Friday after two days of mass protests against his attempts to change the constitution to extend his 27-year rule. At least three people were killed after protesters stormed the parliament building and set it on…

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Local News Business November 1, 2014

CY staff protest as state talks to bidders

CY staff protest as state talks to bidders

By Angelos Anastasiou

CYPRUS Airways (CY) employees took to the streets yesterday in fear for their future, just as the technical committee for the state-owned airline met with representatives from the two airlines – Aegean Airlines and Ryanair – interested in acquiring the flailing national carrier.

The protesters gathered outside the offices of KPMG, consultants to CY and members of the technical committee, early in the morning, before moving to the Finance ministry, where the committee met with Ryanair reps.

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Local News Comment November 1, 2014

Our View: Court ruling puts us back on track, but still a long way to go

Our View: Court ruling puts us back on track, but still a long way to go

THE SUPREME Court saved the country from a risky adventure with unforeseeable consequences, in announcing its decision about the four foreclosure-related laws that were referred to it by the president. All four laws were unanimously ruled unconstitutional by the full bench of the court, finally ending a saga that started in August and threatened to take the country backwards, derailing the country’s adjustment programme and leaving the state with no money.

The decision will now pave the way for the…

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International News Comment November 1, 2014

Drowning refugees

Drowning refugees

By Gwynne Dyer

THE European Union’s decision-making processes lend new depth to the word “incoherent”, and the current British government’s default mode is nastiness, but they have both outdone themselves this time. The subject at hand is the Italian Navy’s “Mare Nostrum” operation, which has rescued 150,000 refugees and migrants from leaky, overloaded boats in the Mediterranean since it was launched a year ago.

An estimated 3,000 others have drowned since January: you can’t save them all. But the Italian…

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Local News November 1, 2014

Police unravel €500,000 con in Paphos

Police unravel €500,000 con in Paphos

By Bejay Browne

THREE people have been arrested in Paphos in connection with allegedly swindling an 87 year old British resident out of half a million euros, police said yesterday.

A spokesman for Paphos police said the octogenarian reported that he was swindled by the three suspects after he showed an interest to buy land in the district.

He said he was shown five separate pieces of land in Polis Chrysochous and in the picturesque villages of Kritou Terra…

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Main November 1, 2014

Ebola drill shows need for improvement

Ebola drill shows need for improvement

By Evie Andreou

WEAKNESSES and gaps in some procedures were observed by experts assessing the first drill to handle patients suspected to be infected with the deadly Ebola virus, Health Minister Philippos Patsalis said yesterday.

Participating in the drill that aimed to evaluate the level of readiness of the health ministry and their cooperation with other services, were staff from Larnaca airport, the ambulance service, and the Nicosia and Larnaca General hospitals.

The first scenario dealt with a suspected Ebola…

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Local News November 1, 2014

Lavish parties, fraud and free jewellery at Ergates

Lavish parties, fraud and free jewellery at Ergates

By Constantinos Psillides

POLICE raided the homes and offices of members of the former and current community council of Ergates village near Nicosia yesterday, following allegations of misappropriating community funds.

The raid took place after a letter was sent to the Attorney General’s office by the Auditor General Odysseas Michaelides, recounting a number of instances where the previous community council appears to have squandered community funds.

The village’s previous council is under investigation for, among other, throwing lavish parties…

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Local News November 1, 2014

Lifeguards only in Limassol and Paphos this month

Lifeguards only in Limassol and Paphos this month

By Marie Kambas

ONLY Limassol and Paphos are ready with lifeguards patrolling their beaches for November, despite attempts by authorities to develop winter tourism.

Paris Palikaros of the Cyprus Life Saving Association told the Cyprus Mail that Ayia Napa municipality will be holding a meeting to see all aspects of hiring lifeguards for November, meanwhile Larnaca will not hire any lifeguards for this month.

Rodoulla Antoniou, a quality and safety officer at the Cyprus Tourism Organisation, said authorities would clearly…

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Local News November 1, 2014

Unis host video games competition

Unis host video games competition

By Evie Andreou

APPLICATIONS are open for the seventh annual ‘Logipaignion 2015’ video games competition for high schools hosted the University of Cyprus and the Cyprus University of Technology (CUT).

The competition aims to encourage ingenuity, logical thinking and creativity in computing and the right, intuitive and critical design multimedia applications.

“This year’s competition has no special theme, with the ultimate goal being to allow maximum creativity and imagination, however, all applications submitted must comply to the restrictions…

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Local News November 1, 2014

Car sales up this year

Car sales up this year

By Constantinos Psillides

TOTAL registrations of motor vehicles during the first nine months of the year rose by 21.1 per cent to 16,994, from 14,035 vehicles in the January – September period of 2013, the Statistical Service said yesterday.

According to the report, private saloon cars increased by 28.1 per cent to 12,805 from 9,999 in January–September 2013. Of that total, 5,892 vehicles or 46.0 per cent were new and 6,913 vehicles or 54.0 per cent were used cars.

Goods…

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Local News November 1, 2014

Biden vows to help restart Cyprus talks

Biden vows to help restart Cyprus talks

By Constantinos Psillides

US Vice President Joe Biden has expressed Washington’s intention to assume increased diplomatic action in order to facilitate the resumption of talks on the Cyprus problem, according to government spokesman Nicos Christodoulides.

In a written statement, Christodoulides said on Friday that Biden outlined this position during a long telephone conversation he had with President Nicos Anastasiades.

“During their conversation, President Anastasiades and Vice President Biden discussed the issue of the unacceptable violation by Turkey of the sovereign…

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Local News Business November 1, 2014

Hellenic Bank to issue €220m in new rights

Hellenic Bank to issue €220m in new rights

By Constantinos Psillides

HELLENIC Bank will proceed with increasing its share capital by approximately €220m to cover a shortfall derived from the EU-wide ‘stress test’ of about 130 banks last weekend.

The bank said on Friday that it will proceed with a rights issue for its existing shareholders to support the needs of the Group’s business plan, while at the same time reinforce the bank’s common equity tier 1 (CET1).

According to the statement, the bank “aims to proactively strengthen…

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Local News November 1, 2014

Public to learn about ‘pay-as-you-throw’ this month

Public to learn about ‘pay-as-you-throw’ this month

By Constantinos Psillides

CYPRUS is preparing legislation to promote “Pay-as-you-throw” trash metering programmes within local authorities, with the competent government department unveiling two regulations for public consultation this month.

Costas Hadjipanayiotou, the Director of the Department of Environment, said the two regulations concern a new strategy for municipal waste management and the prevention and reduction of waste.

While explaining their importance, Hadjipanayiotou noted that adopting the two bills is a precondition set by the EU for all relevant co-funded programmes…

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Local News Business November 1, 2014

FBME owners seek ICC arbitration to stop branch sale

FBME owners seek ICC arbitration to stop branch sale

By Stelios Orphanides

THE shareholders of the FBME, the Tanzanian bank whose Cyprus operations were placed under administration by the Central Bank of Cyprus following money laundering allegations in the United States, has resorted to the arbitration court of the International Chamber of Commerce, a spokesman said.

The central bank took over the management of FBME Bank in Cyprus four months ago and adopted resolution measures which include the sale of the Cyprus unit’s operations after the Financial Crimes Enforcement…

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International News October 31, 2014

Italy to end sea rescue mission that saved 100,000 migrants

Italy to end sea rescue mission that saved 100,000 migrants

By Steve Scherer and Massimiliano Di Giorgio

Italy said on Friday it would close a sea rescue mission that has saved the lives of more than 100,000 migrants from Africa and the Middle East, a move one rights group warned could lead to a “surge of deaths” in the Mediterranean.

Interior Minister Angelino Alfano said the Mare Nostrum or “Our Sea” mission would end to make way for a smaller European Union scheme – and to help relieve the strain…

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International News October 31, 2014

Judge eases limits on US nurse who treated Ebola patients

Judge eases limits on US nurse who treated Ebola patients

By Joel Page

A Maine judge on Friday imposed limited restrictions on an American nurse who treated Ebola patients in Sierra Leone and rejected a bid by state officials for more stringent measures.

The confrontation between Kaci Hickox and officials in the state of Maine has become the focal point of a dispute pitting several US states opting for strict quarantines against the federal government, which opposes such measures.

Hickox’s lawyer called the ruling a “terrific win” and Maine Governor…

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International News Sport October 31, 2014

Suspect in killing of S.Africa national football captain arrested

Suspect in killing of S.Africa national football captain arrested

By Zandi Shabalala

A suspect in the killing of the captain and goalkeeper of South Africa’s national football team has been arrested after witnesses picked him out in an identity parade, police said in a statement on Friday.

The police said Zanokuhle Mbatha, 25, had been charged in connection with the case. Local media said the charges included murder.

Football star Senzo Meyiwa was hit by a single gun shot to the chest on Sunday night while confronting two intruders…

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Local News Business October 31, 2014

Anastasiades slams CB governor over removal of conflict of interest clause

Anastasiades slams CB governor over removal of conflict of interest clause

By Angelos Anastasiou

President Nicos Anastasiades on Friday issued a surprisingly scathing statement lambasting Central Bank governor Chrystalla Georghadji for the alleged removal of wording in her contract pertaining to conflict of interest arising from blood relatives, and accusing her of lying about encounters she claimed to have had with him.

Earlier, an irate Georghadji left a tumultuous House Watchdog committee session after being grilled on potential conflict of interest arising from her daughter’s involvement in representing ex-Laiki Bank strongman…

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Archives

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