Daily Archives: November 27, 2008

Archives November 27, 2008 posted by

Turkey will not deter oil search

TURKISH gunships seem to have backed off, at least for the time being, from harassing Cypriot-commissioned exploratory ships, amid reports that the government has concluded an initial agreement with a US corporation for oil-drilling off the southern coast of the island.

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‘Conservative’ Cypriot banks a haven in the maelstrom

THE Cypriot banking sector is robust and in no danger of disintegrating under the weight of the global credit crunch, a top banker said yesterday.

“Cyprus is perhaps the only country in the EU where a bailout plan has been unnecessary,” said Andreas Vgenopoulos, vice-chairman of Marfin Popular Bank, the island’s second largest financial institution.

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Donor pays for body to be sent to India

AN anonymous Cypriot donor paid €2,000 to transfer the body of 38-year-old Amarji Singh to India, after he died in a freak accident last Thursday electrocuted on power cables on a construction site in Dromolaxia.

According to Politis newspaper, the Indian High Commission refused to pay the expenses of transporting the body to India because Singh had claimed political asylum.

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Soldier killed in car accident

A 19-YEAR-old soldier, Andreas Iacovou was killed, and an 18-year-old soldier, Constandinos Neophytou, seriously wounded in an accident on Makarios Avenue in Limassol in the early hours of yesterday.

They had jumped a red light and were not wearing seatbelts. The car they crashed into was driven by a drunk driver.

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