Increased terror alert in Britain

Increased terror alert in Britain

An armed policeman guards Buckingham Palace in London on Saturday after Britain's Home Secretary Theresa May announced that Britain has raised its terrorist threat level from 'substantial' to 'severe' in response to the risk posed by radical jihadists in Iraq and Syria EPA

NEWS

International News August 30, 2014

Ukraine says Russian tanks flatten town; EU to threaten more sanctions

Ukraine says Russian tanks flatten town; EU to threaten more sanctions

By Richard Balmforth and Adrian Croft

Ukraine said Russian tanks had flattened a small border town and pro-Russian rebels had made fresh gains in its east, as EU leaders signalled on Saturday they would threaten more sanctions against Moscow over the crisis.

Ukrainian President Petro Poroshenko, attending an EU summit in Brussels, said he was hoping for progress in finding a political solution, but told journalists there were now thousands of foreign troops in his country.

Russia has repeatedly dismissed…

Read More

City stunned by Stoke, United frustrated again

City stunned by Stoke, United frustrated again

By Toby Davis

Champions Manchester City suffered a stunning 1-0 home defeat to Stoke City on Saturday as their cast of attacking talents were blunted in a lifeless display that cost them their first dropped points of the season.

Mame Biram Diouf scored a superb individual goal to silence the City fans who have become used to seeing one-sided romps at their Etihad stadium, especially against the Premier League’s lesser lights.

It was an equally miserable day for City’s rivals…

Read More
Local News August 30, 2014

Hellenic Bank CEO resigns

Hellenic Bank CEO resigns

MAKIS Keravnos, CEO of Hellenic Bank, has resigned it was reported on Saturday.
Hellenic Bank has not confirmed his resignation, but local press reports said it was under pressure from other bank officials.
It was widely known he had long been unhappy with overall changes to the structure of the bank.
The likely candidate to replace him is Marianna Pantelidou who has been a member of the board since December 2013. She is also a member of…

Read More
Local News August 30, 2014

Anastasiades meets with Juncker

Anastasiades meets with Juncker

THE LATEST developments in the Cyprus issue, the appointment of the new UN Special Adviser on Cyprus and the need for the EU to play a stronger role in the efforts to solve the Cyprus issue, were discussed between President Nicos Anastasiades and the new European Commission President Jean Claude Juncker on Saturday
President Anastasiades is in Brussels to participate in Saturday’s the extraordinary meeting of the European Council.
Speaking after his meeting with Juncker, Anastasiades said that…

Read More
Local News August 30, 2014

Withdrawals spiral in wake of economist’s comments

Withdrawals spiral in wake of economist’s comments

By a Staff Reporter
CHAIRMAN of the National Economic Council (NEC) Christoforos Pissarides’ warning earlier this week that a rejection of the foreclosures bill by Parliament could lead the Cyprus economy “back to March 2013”, has apparently caused some panic among depositors, according to local press on Saturday.
Phileleftheros reported that approximately €60 million of deposits were withdrawn from local banks in a single day immediately following Pissarides’ comments on Tuesday made after an NEC session chaired by…

Read More
Local News August 30, 2014

Kasoulides opposes further Russian sanctions

Kasoulides opposes further Russian sanctions

By a Staff Reporter
FOREIGN MINISTER Ioannis Kasoulides opposed the prospect of new sanctions by the EU against Russia, during the informal meeting of EU foreign ministers in Milan on Friday.
In a move that could signal a nod to Russia’s discontent with the EU’s unanimous decision to impose sanctions against it last July, Kasoulides told the meeting that the method of sanctions appeared not to have achieved the required results. Arguing that the solution to the Ukrainian…

Read More
Local News August 30, 2014

Co-op robber suspect arrested

Co-op robber suspect arrested

A 35-YEAR-OLD Bulgarian man was arrested on Saturday morning as a suspect in the theft of €22,000 from the Kontea co-operative in Dromolaxia earlier in August.
According to police sources, at around 8:30 am on Saturday, Larnaca CID raided the Bulgarian’s home in Meneou, where they found most of the stolen money stashed under the roof tiles and in the hood used by the perpetrator in the robbery.
The suspect will be brought before the Larnaca district court…

Read More
Local News August 30, 2014

FBME challenges Central Bank’s ‘normalisation’ procedures

FBME challenges Central Bank’s ‘normalisation’ procedures

By Angelos Anastasiou
FBME issued a statement on Saturday questioning the Central Bank’s intentions and challenging the way it has taken control of the bank’s operations after the US Treasury described the bank as a “primary money laundering concern”.
FBME, headquartered in Tanzania, had denied the allegations, saying the US Treasury had compiled the report without its input.
The Central Bank (CBC) appointed an administrator for FBME Cyprus in mid-July. The regulator said it was selling the…

Read More
Football Sport August 30, 2014

Struggling Man United seek Di Maria spark

Struggling Man United seek Di Maria spark

By Josh Reich

Manchester United top the Premier League spending charts but after a dismal start to life under Louis van Gaal they badly need to beat promoted Burnley on Saturday (2.45pm).

The arrival of Argentine winger Angel Di Maria from Real Madrid for a British-record £59.7 million took their spending this transfer window to over £130 million but, as Van Gaal knows, splashing the cash is no guarantee of success.

The experienced Dutchman has yet to register a competitive…

Read More
International News August 30, 2014

ECB ready to adjust monetary policy, Coeure says in Greek paper

ECB ready to adjust monetary policy, Coeure says in Greek paper

The European Central Bank is ready to adjust its monetary policy further if needed and boost bank liquidity, ECB executive board member Benoit Coeure said in an essay published in Greek newspaper Ta Nea on Saturday.

Coeure said the ECB’s measures so far have contributed to stability in the euro zone while its recent decisions have ensured a particularly accommodative direction in monetary policy in the single-currency bloc.

“The ECB will provide additional liquidity to banks on the condition that…

Read More
Local News August 29, 2014

Human chain across Ledra Street checkpoint for peace

Human chain across Ledra Street checkpoint for peace

A human chain stretching from south to north Nicosia through the Ledra Street checkpoint will take place on Monday.

The bi-communal event, called ‘Peace Meeting and Reunion’, is part of the international day of action for world peace organised by the World Federation of Trade Unions (WFTU). The day honours the memory of World War II victims.

In Cyprus the event is being organised by leftist Pancyprian Federation of Labour (PEO), the Turkish Cypriot Federation of Revolutionary Workers union (DEV-IS) ,…

Read More
Local News August 30, 2014

Government pledges ‘last delay in bill debate’

Government pledges ‘last delay in bill debate’

By Angelos Anastasiou

DESPITE earlier warnings by the government that absolutely no changes could be made to the foreclosures bill, and that a strict deadline for its voting was set at the end of August, Finance minister Harris Georgiades told deputies yesterday that the Troika had allowed an extension of one week for a plenum vote on the bill.

Government spokesman Nicos Christodoulides said the government considers next Friday to be the “final milestone” with regard to the foreclosures…

Read More
Local News Comment August 30, 2014

Our View: Where is Russia’s respect for freedom of expression?

Our View: Where is Russia’s respect for freedom of expression?

IT IS quite astonishing that the Embassy of the Russian Federation in Cyprus could have issued a 1,500-word announcement disparaging and belittling a writer and journalist, because it took offence at the contents of a book he had written about the duplicitous role the Soviet Union had played during and after the Turkish invasion of the island.

The announcement was little more than a condescending, personal attack on Makarios Drousiotis, whom the Russian Embassy accused of being an “amateur…

Read More
Local News August 30, 2014

Leaders meeting postponed as UN envoy due in Cyprus

Leaders meeting postponed as UN envoy due in Cyprus

By Stefanos Evripidou

THE UNITED Nations yesterday postponed next week’s leaders’ meeting to give time for newly-appointed UN Special Adviser on Cyprus, Espen Barth Eide, to visit the island for talks with both sides.

UN spokesman Michel Bonnardeaux released a statement last night saying Eide will make his first visit to Cyprus between September 5 and 8, during which time he will hold initial bilateral meetings with the two leaders and their teams.

From Tuesday to Thursday next…

Read More
Local News August 30, 2014

‘Prison guard made inmates print flyers for daughter’s school’

‘Prison guard made inmates print flyers for daughter’s school’

By Constantinos Psillides

JUSTICE Minister Ionas Nicolaou on Friday ordered an investigation into the conduct of a prison guard who allegedly abused his authority by making inmates print flyers for his daughter’s private institute for free, according to deputy prison chief Eleni Vatyliotou.

The accusations were laid out by daily Politis, which highlighted a number of issues currently plaguing the Nicosia Central Prisons.

“I was called to the minister’s office in regards to this case. We talked on the subject…

Read More
Local News August 30, 2014

One-month suspension for state pathologist

One-month suspension for state pathologist

By Constantinos Psillides

STATE pathologist Eleni Antoniou has been suspended for one month, pending the conclusion of a criminal investigation in connection with allegations that she tampered with evidence and perjured herself to cover up medical negligence.

Antoniou’s suspension was decided by the Public Services Commission (PSC) following a request by Health Minister Philippos Patsalis. The minister had actually requested a two-month suspension but the PSC decided that one month was enough to conclude the investigation. “If the police need…

Read More
Sport August 30, 2014

Surprises galore for women at US Open, men steady

Surprises galore for women at US Open, men steady

By Steve Keating

NEW YORK, Aug 30 (Reuters) – The U.S. Open women’s draw was blown wide open by a series of upsets on Friday but it was business as usual on the men’s side with Roger Federer leading a parade of seeds into the third round at the year’s final grand slam.

The shockwaves began early on another sunny day at Flushing Meadows with 32-year-old qualifier Mirjana Lucic-Baroni dismissing Romanian second seed Simona Halep 7-6(6) 6-2 to reach the…

Read More
Local News August 30, 2014

Nature trial sees huge rise in visitors

Nature trial sees huge rise in visitors

THE Kallepeia nature trail in the Paphos District has been inundated with local and foreign visitors this August, according to head of the local council Nicos Savvides.

In an interview with Cyprus News Agency, Savvides said the 8km trail is a significant recreational site, made up of gorges, forest, and vast greenery. It begins at Ayios Giorgios’ Church in Kallepeia and ends at the giant rock in Episkopi. Along the trail, visitors pass the traditional fresh water fountain of Kalamos,…

Read More
Local News August 29, 2014

Leaders meeting postponed as Eide visit announced

Leaders meeting postponed as Eide visit announced

The meeting of the two Cypriot leaders, scheduled for Tuesday has been postponed, the UN said on Friday, announcing a visit to the island by newly-appointed Special Adviser Espen Barth Eide next week.

A statement from the UN said Eide would be on the island from September 5 to 8.

The UN said that from September 2-4 Eide would be in New York for consultations with the UN Secretary-General and other senior UN officials including.

“Lisa Buttenheim. As a consequence,…

Read More
Local News Business August 29, 2014

Hellenic Bank posts €95.5 million first-half losses

Hellenic Bank posts €95.5 million first-half losses

By Angelos Anastasiou

Hellenic Bank announced €95.5 million in losses for the first half of 2014 on Friday, due to a spike in provisions by 105 per cent and increased taxation.

However, the Bank recorded an increase of 46 per cent from operations before provisions, to €87 million for the period, compared to €59.6 million during the same period last year.

Hellenic raised provisions to €194 million from last year’s €94.6 million.

Board chairwoman Irena Georgiadou said the Cyprus economy…

Read More

Suggested news from our partners

Views on foreclosures


For more CM videos click here

Cyprus News Digest Podcast

Long time Cyprus Mail contributor and former CyBC reporter Rosie Charalambous kicks off a series of weekly podcasts covering politics, current affairs and culture every Friday. NEW Cyprus News Digest episode (August 29th)

    Guest column
    To pitch a blog post to the Cyprus Mail Team, please enter your name, your email address, headline and your post. The post can be a short idea, or the full text of your submission. An editor will contact you should we decide to publish your blog post.

    Fields marked with a * are required.
    Got a tip?
    So you've got the inside scoop on a story or topic that we've covered? We respect your anonymity. Feel free to directly email us at readers@cyprus-mail.com

    Fields marked with a * are required.

    Archives

    The Cyprus Mail archives are now online. Following a simple registration procedure, you will find all of our articles going back to October 1997, although some may appear in an older format. Archived articles from June 2013 to date can be found through search on the current website www.cyprus-mail.com. For the archives site, click here.

    August 2014
    M T W T F S S
    « Jul    
     123
    45678910
    11121314151617
    18192021222324
    25262728293031