Daily Archives: November 16, 2008

Archives November 16, 2008 posted by

nationalist elements need reining in

TURKISH Cypriot leader Mehmet Ali Talat yesterday called on the Greek Cypriot side to rein in the Church, and nationalist elements.

Talat was speaking at celebrations to mark the 25h anniversary of the proclamation of the breakaway state.

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Archives November 16, 2008 posted by

‘Cheaper holidays and nothing else will save us’

HOTELIERS fear the state’s stimulus package for tourism will not be enough to entice tour operators to choose Cyprus next year.

The government announced on Friday it would streamline visa procedures for some third countries, open consulates in more countries and give another €12 million to the Cyprus Tourism Organisation (CTO).

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Archives November 16, 2008 posted by

Parties unenthused about stimulus package

BELEAGUERED Finance Minister Charilaos Stavrakis was left to eulogise the state’s €52 million stimulus package yesterday after it was greeted with a big yawn.

“I think the extraordinary economic action plan of €52 million is a significant injection, which will boost the Cypriot economy,” said the Minister after addressing a union conference in Nicosia.

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What are the alternatives to interest hikes?

Despite reports of doom and gloom to come, Commercial Banks general director Michalis Kammas pointed out Cyprus’ banking system was “stable and healthy”.

“[Banks] haven’t even asked for one euro in assistance from the government, considering what other banks have done globally,” he said.

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Archives November 16, 2008 posted by

What are the alternatives to interest hikes

despite report
s of doom and gloom to come, Commercial Banks general director Michalis Kammas pointed out Cyprus’ banking system was “stable and healthy”.

“[Banks] haven’t even asked for one euro in assistance from the government, considering what other banks have done globally,” he said.

Read More

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