Daily Archives: August 25, 2012

Archives August 25, 2012 posted by

Farmers threaten to let loose their flocks on the highway

SHEEP and goat farmers yesterday threatened to dump their animals on the Limassol-Paphos highway at noon on Monday if the government did not give in on their subsidy demands.
The farmers, who were protesting outside the presidential palace for a second day, said the number of animals combined is in the region of 250,000, which they could no longer afford to feed.
“We can’t afford to feed [the animals] and we can’t sell them, so we will wait until Monday for the government to come and pick up the animals so that we’re not accused of brutality,” the head of the goat and sheep farmers’ association Evagoras Chrysanthou said.

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Our View: Hard to feel any sympathy for the Church’s financial woes

We sincerely hope the Archbishop was not trying to elicit sympathy earlier in the week when he bemoaned the losses in revenue that the Church was suffering since the financial crisis began.

We’re not talking here about an organisation that depends on charity and which feeds the poor, and is in dire need, but a vast business empire that has been collecting millions upon millions for decades without having to pay tax until an agreement reached earlier this year.

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Probe begins into why banks sought state support


THE Central Bank said yesterday it had appointed professional services firm Alvarez & Marsal to investigate why the country’s two largest banks had to seek state support.

The probe, which started yesterday, is expected to “provide clarity and comprehension regarding the current financial stress” and guide remediation to strengthen the stability of the banking sector,” the Central Bank said in a news release.

Cypriot bank capital shortfalls from over exposure to Greece and their reliance on the government for aid forced Cyprus into seeking a financial bailout from its EU partners in June.

The island has been unable to access financial markets itself because of high yields on its traded debt persisting for more than a year.

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New CY board promises plan in three months

THE new Cyprus Airways (CY) board pledged yesterday to have a restructuring plan ready in three months, a condition set by parliament in July.

Lawmakers last month passed a law calling for the replacement of the eight state-appointed members of CY – one of the conditions they attached to the release €15 million – part of a €31 million share capital increase.

The rest of the cash will be released when the new board comes up with a reliable restructuring plan for the ailing airline. It has three months to do so with the help of foreign experts.

“We are starting work immediately and we are certain that we will be able to meet the timeframes set by parliament,” CY chairman Stavros Stavrou said after the board’s first meeting.

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Volunteer dentists take the pain out of paying

GREEK Cypriots who have been impoverished by the debt crisis can receive free dental care in Nicosia and Paphos as part of a scheme run by dentists who volunteer their time once a month.

“We must all contribute in any way we can,” said the Nicosia Dental Polyclinic’s Marios Taramides who created the Open Clinic Day scheme.

The project was launched in June to enable people to walk in – on the penultimate Wednesday of each month – and get basic dental care such as having teeth cleaned or fitting a cap. 

Taramides pitched the idea to his colleagues who were all “very positive and became immediately involved”. 

There are three clinics in Nicosia and one clinic in Paphos involved but Taramides says interest is growing.

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Three dogs poisoned at Paphos home

THREE DOGS were poisoned in the courtyard of a house in Chlorakas on Thursday night, adding to three other cases of dog poisoning currently being investigated in Paphos.

According to Cyprus News Agency (CNA), meat laced with poison was thrown into the yard of dog owner Michalis Stavrou on Thursday night, resulting in the agonising death of two dogs and serious injury of a third. 

Stavrou told CNA that two of his dogs- a pit bull and Alsation- died before his eyes while his third is battling to stay alive. 

“The veterinary examination indicated that the dogs died of poisoning that perpetrators slyly put into pieces of meat and threw into the yard of my house,” said Stavrou.  

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Police believe they’ve located Napa murder weapon

AUTHORITIES have located a handgun fitting the type used in the murder of five people in Ayia Napa in June, as efforts continue to track down two more suspects, believed to be abroad.

Two Greek nationals, held since the end of June after their arrest in Greece, will remain in custody for a further six days, the Famagusta district court said yesterday.

The two, 29-year-old Demetris Mamalikopoulos, and Anastasios Tsehilides, 41, are suspected of gunning down five men on June 23 near the popular resort’s Red Square bar.

Four of the victims were security guards for Famagusta businessman Phanos Kalopsidiotis, whom police think was the target.

Police told the court that the two wanted men were also Greek, thought to be in Greece.

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Both sides indignant over Nadir conviction…for different reasons

THE ENGLISH justice system appeared to achieve the impossible when jailing former fugitive tycoon Asil Nadir for ten years this week- uniting Turkish Cypriots and Greek Cypriots, though only in indignation. 

Given that Nadir will probably serve not more than two to five years, Greek Cypriots are indignant it was not longer, while in the north the trial was seen as a travesty of justice. 

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Lawsuits fly over bank executive’s claims

A SENIOR Bank of Cyprus (BoC) executive claimed being sidelined was politically motivated, possibly over decisions that went against the interests of ruling AKEL, it was reported yesterday.

AKEL rejected the allegations, and Nicosia football club Omonia, which was named in an internal memo by senior general manager Nicolas Karydas, said it would file lawsuits against him and the Politis newspaper, which carried the report.

BoC said the views expressed in the document where the writer’s own and apologised to the clients whose names appeared in the publication.

In the memo, penned around a week ago, Karydas said he has been stripped of most of his duties at the request of the Central Bank Governor, adding that the move was politically motivated.

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