Estia green light from Brussels, not considered ‘state aid’
The European Commission on Monday approved, under EU state aid rules, Cyprus’ controversial Estia scheme to support private households and small businesses that have
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CBC chief says she could not state openly her worries over Co-op
It would be inconceivable for any central banker to state in public that a lender faces liquidity problems, Central Bank of Cyprus (CBC) governor Chrystalla
Charities struggling to cope with refugees
Syrian asylum seeker numbers spiralling in Paphos By Bejay Browne Syrian refugees in Paphos are not yet sleeping rough in the streets, but numbers are
State urged to do more for those with autism
The government needs to take more action to help people with autism as well as their families and not hide behind the decency of volunteers
EU watchdog looking at state’s €2.5bn co-op deposit
The European Commission’s competition watchdog will be looking at the government’s recent action to deposit €2.5bn to the co-op bank through the issuance of bonds,
Commission approves Cyprus co-op aid of €175m
By Angelos Anastasiou The European Commission on Friday announced the approval of additional state aid of €175 million in favour of the Cooperative Central Bank
Christmas supplement for minimum income, state aid recipients
State assistance and Guaranteed Minimum Income (GMI) recipients will be getting a Christmas supplement, the cabinet decided on Thursday, following a proposal tabled by the
55,000 refugees applied for aid so far
By Andria Kades A TOTAL of 55,000 Greek Cypriot refugees have sought grants or other assistance since 1996 from the state agency that deals with
Paphiakos appeals for state aid
THE Paphiakos association for the protection of animals is appealing for financial support from authorities as private donations are merely “a drop in the ocean”
Air connectivity gradually being restored
By Evie Andreou Cyprus’ air connectivity is gradually being restored as airlines are announcing more flights to fill in the gap left by the closing
Cyprus Airways closes down (Update 3)
By Constantinos Psillides CYPRUS AIRWAYS was shut down on Friday after the European Commission ruled that more than €102m in government support given to Cyprus
EU decision on CY expected within hours
By Staff Reporter The government reiterated on Friday that it had alternatives, whether the EU’s ruling on state aid for Cyprus Airways was negative or
‘Cyprus Airways isn’t far from closure’
By Marie Kambas Cyprus Airways could face imminent closure after the holidays if it fails to produce a credible restructuring programme and prove its financial
Disillusioned aviation adviser resigns
By Jean Christou The government’s adviser on aviation, Christos Petrou said on Monday he had resigned because his recommendations on aviation and on Cyprus Airways
Ryanair ‘a step closer to taking over CY
Ryanair has said it is one step closer to taking over Cyprus Airways (CY) after getting through to the second round of bidding for the ailing flag
CY staff want job guarantees
By Constantinos Psillides CYPRUS Airways (CY) employees want the government to guarantee that if the airline is sold nobody will be let go, while laying
Cyprus Airways braces for EU decision
By Constantinos Psillides Negotiations for the sale of Cyprus Airways (CY) seem to be heading for a dead end. The nine companies currently short-listed for
EU doubts CY plan will ensure long-term viability
By Constantinos Psillides THE EU Commission announced on Tuesday that it has started an in-depth probe into whether Cyprus Airways’ (CY) proposed restructuring plan was
CY hopes to see profits in 2014
By Cosntantinos Psillides CYPRUS Airways (CY) does not require further state aid, chairman Tony Antoniou said on Saturday after a meeting with technocrats from the
Co-ops face crippling 10pct interest loan
By Stefanos Evripidou THE CO-OPERATIVE Movement could find itself paying up to €150m a year in interest on the €1.5 billion loan needed to meet