Abuse of a state positions is endemic in Cyprus
I wonder how the Law Commissioner would react if every unemployed person in Cyprus entered her office and used the facilities for their personal purposes?...
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Lakatamia in dire financial straits, says mayor
Lakatamia mayor Fotoulla Hadjipapa bemoaned the municipality’s miserable financial state on Wednesday, saying that they owed close to €17 million. Speaking at a news conference...
Turkish foreign minister: last chance for a solution
Turkish Foreign Minister Mevlut Cavusoglu who was in New York during the UN general assembly told Turkish Cypriot newspaper Havadis that this was the last...
CyBC rebuked over finances and employment practices
The Cyprus Broadcasting Corporation (CyBC) cannot survive without the annual €24-million grant it receives from the government and has failed to follow the correct criteria...
Iconic Cypriot-owned hotel in Athens suspends operations
The Paraskevaides family-owned iconic five-star Athens Ledra Hotel in downtown Athens suspended operations on Wednesday, after referring all its guests to other hotels a...
Central Bank of Cyprus’s 2015 profit shrinks to €116.1m
The Central Bank of Cyprus generated a net profit of €116.1m in 2015 which is lower by €50.2m compared to that of 2014 mainly on...
Why are so many of us financially illiterate?
TWO in three adults worldwide are financially illiterate, according to research on personal finance by financial services company Standard & Poor’s. “When people do not...
Ayia Napa municipality well into the black in 2015
Three years after Yiannis Karousos was elected mayor, the municipality of Ayia Napa has a surplus of more than €2 million, he announced on Thursday....
DISY chief explains debt repayment
After publishing his finances only a day before, DISY chief Averof Neophytou issued a new statement on Tuesday, seeking to explain how he could service...
Three ministers publish finances (Update)
By Angelos Anastasiou THE MINISTERS of communications, health and education made their finances public on Thursday in the interests of transparency, they said. Communications Minister...
Clear the financial fog with new advice service
THE DRASTIC changes since the March bailout have left many of us overwhelmed. We no longer feel in control of our finances. What we can...