Daily Archives: August 23, 2012

Archives August 23, 2012 posted by

APOEL survive with 1-1 Neftchi tie


APOEL FC left Baku’s Dalga Arena with a 1-1 draw against Neftchi PFC, in the first leg of the UEFA Europa League play-off round on Thursday evening.

Ivan Jovanovic’s men showed great defensive solidity until the 81st minute of the game, when Francisco Zuela brought down Flavinho in the penalty area and Mahir Shukurov made no mistake sending Dionisios Chiotis the wrong way from the spot. However, the home team’s celebration lasted less than a minute as the Cypriot side levelled the score in the next possession through substitute Selim Benachour, who found himself in the middle of the area after a defensive mix up and calmly slotted the ball under Sasa Stankovic into Neftchi’s goal.

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Nadir jailed for 10 years

FORMER fugitive Turkish Cypriot tycoon Asil Nadir was jailed for 10 years today for stealing millions from his business empire.

Polly Peck International collapsed owing £550 million in 1990 and Nadir fled to Cyprus in 1993.

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We have a good chance, says AEL boss

AEL manager Pambos Christodoulou says his side can qualify for the group stage of the Champions League following their 2-1 first leg win over Belgian champions Anderlecht in their playoff in Nicosia on Wednesday night

“If we play on Tuesday the same way as we did in the first leg then we have a good chance of reaching the group stage,” said Christodoulou whose side are aiming to emulate last season’s surprise package APOEL, who reached the quarter-finals in a fairytale run.

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'Solar power for every household'


THE ENERGY Regulatory Authority (CERA) will soon start a pilot net metering scheme by installing small photovoltaic systems on homes to produce power, with the aim of kitting out all households who want it from 2014.

According to CERA vice chairman Constantinos Iliopoulos, the scheme will be tested on 125 volunteer homes for a year, to see if its implementation in all households would be sustainable. If so, the aim is to install the systems on all Cypriot homes from 2014 onwards.

The cost of the installation will be picked up by consumers – around €6,000 for a 3KW system – but from there on, their electricity supply will be virtually free. 

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Our view: Election law change more frivolous than its stated goal

IT’S THE silly season so it seems appropriate that MPs too seem to be focusing on the trivial, but since they do that come rain or shine anyway, let’s refer to this particular issue as uber-trivial.

Lawmakers are planning to revive a proposal intended to put an end to ‘frivolous’ candidacies for the presidential elections.

According to EDEK MP Fidias Sarikas, who proposed the notion, a ‘frivolous’ candidate is someone who doesn’t have 1,000 people or a parliamentary party to back him or her. He also wants to up the registration fee, which is currently only €1,700 to weed out even more undesirables.

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Nadir to be sentenced

TURKISH Cypriot tycoon Asil Nadir, who jumped bail in 1993, was finally convicted in a British court yesterday of plundering millions from his old company to buy antiques, race horses and country houses.

Nadir, who transformed the small textile company Polly Peck into one of the top British stocks of the 1980s, returned to Britain in 2010 after 17 years as a fugitive in northern Cyprus.

Once one of Britain’s richest men, Nadir hung Turner watercolours in his office and had two English country estates and homes in the wealthy London districts of Mayfair and Hampstead.

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Man found stabbed to death in Paphos


A 32-YEAR-OLD Paphos man was yesterday found murdered in his flat, with multiple stab wounds on various parts of his body, police said.

Andreas Charalambides “bears wounds on various parts of his body and it is believed they were caused by a sharp instrument,” Paphos police spokesman Nicos Tsiappis said.

The victim was stabbed in the chest and abdomen and also had defensive wounds on the hands.

Police said they have not yet recovered the murder weapon.

Charalambides was found by his father before lunchtime, lying in a pool of blood on his bed.

The 32-year-old lived alone at his flat in the Tombs of the Kings area.

Reports said his father went to the flat after his only son failed to respond to repeated calls.

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Scandal, not red tape caused deal collapse

A CHINESE businessman interested in developing the old Larnaca airport building said he withdrew his interest because of the fracas over the alleged involvement of a presidential aide in the process and not the red tape, as he had reportedly said initially.

Yang Qi – sole shareholder of Far Eastern Phoenix (FEP) – met Communications Minister Efthimios Flourentzos yesterday, after the businessman sent the government a letter withdrawing his interest in developing the building, citing time-consuming and complicated state procedures, the minister said on Monday. 

Flourentzos had said he was going to try and salvage the deal, but it appears that nothing can go ahead before the investigation is resolved.

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'Church has lost 60 per cent of its revenues'

THE CHURCH has lost 60 per cent of its revenues from investments in banks and hotels, Archbishop Chrysostomos said yesterday, reiterating that pay cuts were necessary but no employees would be laid off.

“The Archbishopric had invested in banks, collecting around €9.5 million a year. It does not receive a single euro now,” Chrysostomos said.

Bishoprics and churches had also invested in the banking sector, which suffered heavy losses due to the write-down of Greek debt in 2011, the archbishop said.

He added that the Church has also incurred losses from its hotel investments, despite the rise in tourism in the past two years.

“We have given discounts in the past three years,” Chrysostomos said, and hotels also needed maintenance.

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'Damned if we do and damned if we don't' say MOKAS

THE STATE legal services yesterday rejected reports the island’s financial sector was harmed because authorities were assisting Russia in the investigation of an alleged financial crime by disclosing the suspects’ bank accounts in Cyprus.

Russian authorities had requested Cyprus’ assistance in investigating the alleged embezzlement of millions by former officials of the Bank of Moscow, and its transfer to the bank accounts of companies registered on the island.

Details of the accounts were obtained after the authorities secured a court order.

The case was reported by local media, with one suggesting on its front page that this jeopardised Cyprus’ credibility and the confidentiality on which the banking system is based.

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