Bad parking in Limassol

Bad parking in Limassol

Readers photo: While there was ample parking to be found at Dasoudi parking lot in Limassol on Thursday night one car owner left their vehicle across the pavement. How would a person in a wheelchair be able to pass? Or a person with a stroller? Would they need to step into the busy street to get around the parked car?

NEWS

Local News Business October 29, 2014

Hasapis steps down as BoC chairman

Hasapis steps down as BoC chairman

By Evie Andreou

CHRISTIS Hasapis announced on Wednesday he will be stepping down as Bank of Cyprus chairman at the upcoming shareholders’ meeting next month.

According to a bank announcement, Hasapis and two other board members will not stand for re-election, while the bank’s CEO John Patrick Hourican, elected on November 2013, will put himself up for re-election at the shareholders’ annual meeting to be held on November 20.

That meeting will also discuss the proposal by the banks’ new…

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Local News Business October 29, 2014

Doing business getting harder, says World Bank report

Doing business getting harder, says World Bank report

By Angelos Anastasiou

CYPRUS has slipped eight spots, ranking 64th out of 189 countries, in the World Bank’s annual ‘Doing Business’ report, published on Wednesday.

The report determines each country’s relative ease of doing business by grading it in ten categories with regard to the attractiveness of its legislative framework to local businesses.

Overall rankings also reflected Cyprus’ score in starting a business, while in terms of dealing with construction permits it ranked 148, down three spots.

Cyprus scored highest…

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Local News October 29, 2014

Private firms to handle local authority audits

Private firms to handle local authority audits

By Angelos Anastasiou

FINANCIAL auditing of local authorities will be delegated by the Audit Service to private firms in an effort to work through years of backlogs, Auditor General Odysseas Michaelides told the House Finance committee on Wednesday.

“Assigning services to the private sector is imperative,” Michaelides told lawmakers during discussion of his service’s budget by the committee.

He said auditing local councils’ books, which is the single biggest problem faced by the Audit Service, will be the first step…

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Football Sport October 29, 2014

Drogba is proving why he is a ‘Special One’, says Mourinho

Drogba is proving why he is a ‘Special One’, says Mourinho

By Tony Jimenez

Some Chelsea fans thought manager Jose Mourinho had taken leave of his senses when he decided to bring the ageing Didier Drogba back to the club in the close season.

There was a feeling that the 36-year-old Ivorian was well past his best and that returning to Stamford Bridge might tarnish the legacy he left after a dazzling first spell with the Londoners.

Drogba has, however, well and truly silenced the doubters in the last week, scoring…

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International News October 29, 2014

Zambia’s Scott becomes Africa’s first white leader in 20 years

Zambia’s Scott becomes Africa’s first white leader in 20 years

By Chris Mfula

Zambia’s Guy Scott became Africa’s first white head of state in 20 years on Wednesday after the president, “King Cobra” Michael Sata, died in a London hospital aged 77.

Scott, a Cambridge-educated economist born to Scottish parents, had been Sata’s vice president. He will be interim leader until an election in three months, making him the first white African leader since South Africa’s F.W. de Klerk lost to Nelson Mandela in the 1994 election that ended apartheid.

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International News October 29, 2014

Ebola appears to be slowing in Liberia – WHO

Ebola appears to be slowing in Liberia – WHO

By Tom Miles and Stephanie Nebehay

Liberia, the country worst-hit by the Ebola epidemic, may be seeing a decline in the spread of the virus, although the battle to contain the outbreak is far from won, the World Health Organization (WHO) said on Wednesday.

WHO Assistant Director General Bruce Aylward told a news conference the number of burials and new admissions had fallen and there was a plateau in laboratory-confirmed cases.

“All the data point in the same direction,” he…

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International News October 29, 2014

Kurdish convoy heads to Syria to take on Islamic State

Kurdish convoy heads to Syria to take on Islamic State

By Dasha Afanasieva and Alexander Dziadosz

A convoy of Iraqi peshmerga fighters and weaponry made its way across southeastern Turkey on Wednesday en route for the Syrian town of Kobani to try to help fellow Kurds break an Islamic State siege which has defied US-led air strikes.

Kobani, on the border with Turkey, has been under assault from Islamic State militants for more than a month and its fate has become a test of the US-led coalition’s ability to combat…

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Local News October 29, 2014

Christodoulou back in jail after medical check

Christodoulou back in jail after medical check

By George Psyllides

TAX cheat and former Central Bank governor Christodoulos Christodoulou will return to prison after medical tests showed that he could not remain in hospital where he was admitted shortly after he was sentenced to five months in jail on Monday.

Christodoulou was sentenced to five months in prison after he failed to pay taxes on a €1.0m payment he received from a Greek ship-owner.

He complained of being ill upon arrival at the central prison and was…

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International News October 29, 2014

US rocket explosion probed; space station resupplied

US rocket explosion probed; space station resupplied

By Ian Simpson and Irene Klotz

Authorities on Wednesday started investigating what made an unmanned US supply rocket explode in a fireball moments after lifting off from a launch pad in Virginia, destroying supplies and equipment bound for the International Space Station.

The 14-story Antares rocket, built and launched by Orbital Sciences Corp, blasted off from the NASA Wallops Flight Facility on Wallops Island at 6:22 p.m. (2222 GMT) on Tuesday but burst into flames moments later. It was the…

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Football Sport October 29, 2014

Balotelli goal may ‘finally’ open Liverpool floodgates

Balotelli goal may ‘finally’ open Liverpool floodgates

By Sam Holden

After going six weeks without a goal Mario Balotelli was mightily relieved to “finally” regain his scoring touch against Swansea City and save Liverpool from a League Cup fourth-round exit.

The Italy striker, who had previously netted once in 11 appearances for the Anfield club, came off the bench to equalise with four minutes remaining at Anfield on Tuesday night.

The goal helped Liverpool turn the tide and Dejan Lovren grabbed a stoppage-time winner to secure a…

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International News October 29, 2014

More than 100 believed killed in Sri Lanka landslide

More than 100 believed killed in Sri Lanka landslide

By Shihar Aneez and Ranga Sirilal

A landslide in hilly south-central Sri Lanka is believed to have killed more than 100 people on Wednesday as it buried scores of houses, a government minister said, and the toll is likely to rise.

The landslide hit a village in the tea-growing area of Sri Lanka after days of heavy monsoon rain, with more than 300 people listed as missing.

“More than 100 people are believed to have died,” Disaster Management Minister Mahinda…

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Local News Business October 29, 2014

Government posts a 1.3 per cent surplus in first nine months

Government posts a 1.3 per cent surplus in first nine months

The central government generated a €207.6 million surplus in the first three quarters of the year on a cash basis or 1.3 per cent of the economy compared with a fiscal deficit of €411.8 million a year before, mainly on reduced spending, the finance ministry said on Wednesday.

The primary surplus between January to September was €601.1 million compared with a €67.7 million primary surplus a year before, the ministry said in a statement on its website.

The primary balance…

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Local News October 29, 2014

Hydrocarbons an additional incentive for settlement: Greek FM

Hydrocarbons an additional incentive for settlement: Greek FM

There was no doubt the exclusive economic zone and the continental shelf belonged to the Republic of Cyprus, Greek Foreign Minister Evangelos Venizelos said on Wednesday, and hydrocarbons were an additional incentive for a settlement that will benefit all Cypriots.

Speaking after a meeting with President Nicos Anastasiades, Venizelos said there was no dispute between Cyprus and Turkey over the EEZ and the continental shelf in the area in question.

“Turkey is not claiming its own EEZ there,” he said….

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Local News October 29, 2014

France reiterates support for Cyprus

France reiterates support for Cyprus

France has reiterated its strong support to Cyprus as regards its sovereign rights in its Exclusive Economic Ζone, the government said on Wednesday.

According to a written statement issued by government spokesman Nikos Christodoulides, French President Francois Hollande has sent a letter of reply to President Nicos Anastasiades in which he reiterates his country’s firm and clear position on the issue.

“The Cyprus government welcomes the strong and clear positions of France with regard to the right of the Republic…

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Local News Business October 29, 2014

Deposit outflows rise in September

Deposit outflows rise in September

Banks saw the highest deposit outflow in September since the aftermath of the island’s bailout in March 2013, Central Bank (CBC) figures showed.

The CBC said total deposits fell by €850 million, the highest since July 2013.

The outstanding amount of deposits reached €46 billion in September 2014.

The annual growth rate stood at -4.5 per cent in September compared with -4.3 per cent in August 2014.

Deposits recorded a net decrease of €328 million in August 2014.

In particular,…

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International News October 29, 2014

Bangladesh war crimes tribunal sentences Islamist leader to death

Bangladesh war crimes tribunal sentences Islamist leader to death

By Serajul Quadir

Bangladesh’s war crimes tribunal sentenced the chief of Jamaat-e-Islami Bangladesh to death on Wednesday for his involvement in crimes against humanity, including genocide, torture and rape, during the country’s 1971 war of independence from Pakistan.

“Considering the gravity of the crimes, the tribunal punished him with the death sentence,” state prosecutor Mohammad Ali told reporters.

The sentence passed on Motiur Rahman Nizami, a 71-year-old former legislator and minister, could provoke protests by supporters of his Islamist party…

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Local News October 29, 2014

Baby Zoe’s father released after 27 days

Baby Zoe’s father released after 27 days

By Bejay Browne

TWENTY seven days after his arrest during an immigration swoop, the father of a baby girl, who was treated in Israel in a life saving operation after the minister of health stepped in, has been released.

John (Sanjeev) Dhull, 32, from India, was arrested in Paphos when he was volunteering for the cancer patients’ charity PASYKAF and after being held at Paphos police station for close to a month, he has finally been released.

An overjoyed Dhull…

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Local News Comment October 29, 2014

Our View: Selling off state land is imperative

Our View: Selling off state land is imperative

THE GOVERNMENT has tabled a bill at the legislature that would allow the Council of Ministers to sell or lease prime real estate that belongs to the state.

The sale of real estate belonging to the state, like the privatisation of semi-governmental organisations, is a provision of the Memorandum of Understanding aimed at reducing the public debt. An amount of €1 billion must be raised by the middle of 2016 and another €400 million by the end of 2018…

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Local News Business October 29, 2014

Construction on Halliburton facilities allegedly started before permission granted

Construction on Halliburton facilities allegedly started before permission granted

By Elias Hazou

Construction on Halliburton’s two factories in Aradippou had begun without any town planning or building permits, whereas an environmental impact assessment was carried out only once the facilities were already completed, sources told the Cyprus Mail yesterday.

The completed facilities include a factory for the assembly of equipment such as pipelines as well as extensive warehouses.

Moreover, although Halliburton’s activities fall within heavy industrial activity, at least one of the two facilities was built in a zone…

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Local News Business October 29, 2014

CY unions call emergency meeting

CY unions call emergency meeting

By Constantinos Psillides

CYPRUS Airways (CY) workers’ unions have called an emergency general meeting for Wednesday to discuss the ongoing procedure of finding a strategic investor to take over the ailing carrier.

CY head Makis Constantinides last week painted a grim picture of the state of things at the airline. “Perhaps never in the past, was the situation as critical as it is today. The loss-making course has not been halted, as was the objective of the latest restructuring plan,…

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