Monthly Archives: July 2011

Archives July 29, 2011 posted by

‘Chistofias has lost the trust of the people’

PRESIDENT Demetris Christofias should resign and be replaced by a universally accepted candidate who would only remain in power for 18 months – the remainder of the current administration’s term, main opposition DISY MEP Ioannis Kasoulides said yesterday.

Speaking at a news conference, Kasoulides, who ran against Christofias in the 2008 elections, said the difficult times the country was going through “and the critical 18 months that will follow, required all parties to assume responsibility.”

“Only such an initiative would afford a way out and will convince the people that they have a leadership worthy of the circumstances,” Kasoulides said.

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Archives July 29, 2011 posted by

Magic numbers

 

Comedian, magician, author and the toaster from Red Dwarf, John Lenehan talks to NAOMI LEACH about his upcoming gigs in Cyprus

 

“I’m a turn up and see what happens kind of guy,” admits John Lenehan in his warm Philadelphia lilt, weakened by years of residing in England. And although the comedian and magician is looking forward to performing in Cyprus, in 4 The Hard Way this week he is a little hazy about whether he’s been to the island before.

“I’m sure I have. I think I had a nice time in Cyprus when my son was really young. Yeah we rented a house,” he recalls.

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Archives July 29, 2011 posted by

Moody’s downgrades two main Cypriot banks

FOLLOWING the economy’s downgrade, Moody’s ratings agency yesterday downgraded the island’s two main banks over their exposure to Greek debt.

Moody’s said it downgraded the deposit and debt ratings of Marfin Popular Bank (MPB) to Ba2/Not Prime, from Baa3/Prime-3, and Bank of Cyprus (BoC) to Ba1/Not Prime from Baa2/Prime-2.

At the same time, Moody’s confirmed the deposit and debt ratings of Hellenic Bank  at Ba1.

The outlook on the ratings of all three banks is negative.

“The primary driver underpinning the rating actions is the high level of direct Greek Government Bond (GGB) exposures,” the agency said. “In Moody’s view, all rated Cypriot banks are likely to take part in the current Greek debt exchange.”

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Archives July 29, 2011 posted by

HARRY POTTER AND THE DEATHLY HALLOWS: PART 2 **

 

This is the eighth and final Harry Potter movie. It’s also the worst. That’s no great surprise, because this series has always been better at making promises than delivering the goods. For 10 years now we’ve been saying (or some of us have been saying) that the Harry Potter films spend far more time filling in back-story than actually moving the plot forward; that Harry himself, for such a special boy, never seems to do anything; that the whole saga seems predicated on some future confrontation that’ll only kick off when something else happens – when Harry’s ‘ready’, when he’s amassed all the Horcruxes, whatever. Now, however, the waiting is over. The franchise must deliver, whether it wants to or not. Result? Harry Potter and the Lame Action Movie.

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Archives July 29, 2011 posted by

‘Tens of thousands’ of Turks could become ‘TRNC’ citizens

TENS OF thousands of mainland Turks could soon become new ‘citizens’ of the breakaway north, according to critics of an “immigration regulation” approved by the Turkish Cypriot ‘council of ministers’ yesterday.

Although details of the regulation were yet to be made public, the north’s ‘interior minister’ Nazim Cavusoglu said it included provisions for the provision of “white” and “green” identity cards for those who wish to stay on the island but were willing to forgo the right to vote, stand for election or work in the public sector.

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Archives July 29, 2011 posted by

‘Working night and day’ to restore power supply

 

THE ELECTRICITY Authority (EAC) is looking to turn the tide on electricity shortages by adding over 100 megawatts (MW) to current capacity by the end of August.

EAC general manager Stelios Stylianou said yesterday the reserve turbine at Vassiliko, called Black Start, should be ready for action by the end of August, providing an extra 30-35MW to the grid.

Huge numbers of EAC staff are also working on connecting the Greek generators sent over, which should be ready to add another 70MW to the power supply by August 15, he added.

The cost and length of rental of these Greek generators are under negotiation.

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Archives July 29, 2011 posted by

Temperatures to soar

SUN WORSHIPPERS are in for a treat today with maximum temperatures set to rise above 40 degrees Celsius.

The heatwave is set to affect the whole island with temperatures rising to 41C inland and 36 on the coast, according to the weather service. Individuals hoping to escape to the mountains for some respite will be disappointed as temperatures there are expected to be higher than normal, nestling at 32C.

Coastal areas will be more severely affected as high temperatures will also be accompanied by high humidity levels of 60 per cent. Humidity inland will rest at 30 per cent, the meteorology department added.

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Archives July 29, 2011 posted by

‘I didn’t want him to live with cursed money’

THE GIRLFRIEND of the chief prosecution witness in the ongoing murder trial of Sigma boss Andis Hadjicostis said yesterday she had not ratted out her partner, because he was “her man”.

Yiota Pendodji, girlfriend of Fanos Hadjigeorgiou who gave up his friends in exchange for immunity from prosecution, told the Nicosia Assize Court that she had also kept quiet out of fear.

“Those involved killed someone,” she said during her cross-examination by defence lawyer Michalis Pikis.

Pendodji was referring to the 2010 murder of Hadjicostis and her partner’s involvement in it. Hadjigeorgiou has confessed he was driving the getaway motorbike but has pinned the shooting on defendant Gregoris Xenofontos.

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