Daily Archives: August 29, 2012

Archives August 29, 2012 posted by

Battling Baghdatis ends US Open drought

MARCOS Baghdatis launched his US Open campaign with a battling 6-2 4-6 6-4 6-7 7-6 victory over German qualifier Matthias Bachinger to reach the second round at Flushing Meadows for the first time since 2006.

The Cypriot number one, who is currently ranked 39th in the world, arrived in New York with a pretty poor 26-20 win-loss record for the season, while world number 115 Bachinger secured his place in the main draw after dropping just one set in three matches in the qualifying tournament.

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AEL: late defeat a bitter pill to swallow

AEL manager Pambos Christodoulou said the Limassol side’s 3-2 aggregate loss to Belgian champions Anderlecht was a bitter pill to swallow in their Champions League playoff tie.

The Cyprus champions were nine minutes away from qualifying for the group stages of the competition before two goals in the last nine minutes saw Anderlecht overturn their 2-1 first leg deficit.

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'Economy's tragic state due to government'

 

THE government’s reluctance to take measures has led the economy to its tragic state, main opposition leader Nicos Anasatssiades said yesterday, as he reiterated his proposal for collective management of the difficulties expected in the next few months.

Cyprus has asked its EU partners and the International Monetary Fund – the Troika – for financial assistance that is expected to be accompanied by painful austerity measures.

“What is needed is collective management of what lies before us, which is none other than to negotiate a memorandum with the least possible consequences for the sections of the Cypriot people who are really suffering as a result of the economic crisis,” Anastassiades said.

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Our view: Review of quad bike safety is badly needed

Two more people have died in quad bike accidents over the weekend, prompting additional calls to do something about their safe use.

What to do about quad bikes is not only an issue for Cyprus. Dozens of countries struggle with the problem. In Australia, quad-bike deaths have overtaken tractor deaths. In the US around 50,000 children a year are injured on the bikes, over one hundred resulting in deaths. The UK also has a problem.

Quad bikes, or All Terrain Vehicles (ATVs), were originally designed for off-road use, mainly on farms but they have become popular in recreation and sport, and are used in the military.

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'Police must stop filming people'

THE POLICE should immediately cease filming people at public events in anticipation of future crimes, the Commissioner for the protection of personal data Yiannos Danielides said yesterday.

“All monitoring by police cameras must cease,” Danielides said, responding to a police statement that they filmed a protest last week as per standard practice.

“Filming is a form of personal data processing… any processing has to be legal, have a specific purpose and not be excessive,” Danielides said.

He said that people had the right to meet peacefully for any reason and the police could not film them “just in case something happens”.

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Cheese makers call on the state to help sheep farmers

CHEESE makers yesterday jumped to sheep and goat farmers’ defence, calling on the government to offer them the necessary funding so as not to lead the entire dairy industry into demise.

The Dairy Products Manufacturers Association’s announcement signalled the start of a chain reaction of dire effects on Cyprus’ dairy industry, following farmers’ recent desperate protests against a cabinet decision to halve funding from the state. 

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Aiding links between science and business

RESEARCHERS and businesses as far away as the US and China are being brought together for an international congress and exhibition this weekend at the University of Cyprus (UCY).

The East meets West congress on innovation and entrepreneurship – from Saturday to Tuesday – will link more than 1,000 delegates from over 50 countries, from a plethora of scientific fields and innovative services.

“The congress aims to create a strong forum where researchers and businesses using innovation and entrepreneurship can turn research results into marketable products and services,” said Dr Gregoris Makrides, chairman of the organising committee and executive director of the European Office Cyprus.

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Farmers call for labels on produce from north

POTATO growers yesterday called on the Foreign Minister to impose stricter regulations on products arriving from the occupied areas, including a suggestion for labels stating exactly where they have come from.

A delegation of farmers met minister Erato Kozakou Marcoullis to discuss the Green Line regulation imposed by the European Commission eight years ago enabling – among others – the trade of products from the north.

The general secretary of the Union of Cypriot Farmers (EKA), Panicos Hambas, said the delegation had been fully informed on the ins and outs of the regulation and in return, farmers informed the minister on the problems that have been brought about as a result.

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KPMG presents Popular Bank with restructuring plan

CONSULTANCY firm KPMG yesterday presented a restructuring plan to the board of troubled lender Popular Bank, which came under state control in June after it failed to raise the necessary regulatory capital from private funds.

No statements were made nor any announcements issued by the bank after the presentation.

The plan is now expected to be studied by the board of the state-controlled lender and presented to the finance ministry and the Central Bank.

The plan must be approved by the European Commission.

As part of the plan, the bank, Cyprus’ second-biggest, is expected to close branches and lay off staff through voluntary retirement.

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CY remains tight-lipped over negative reports on its plan

 

CYPRUS Airways (CY) remained tight-lipped yesterday over reports that experts had presented a potential investor with negative assessments on the airline.

Daily Phileleftheros reported that two firms – one British, one French – hired by Canadian conglomerate Triple Five suggested the airline could not become competitive under current conditions.

The company did not issue an official response, reportedly because talks were ongoing.

“Surely we are not at the best phase and the situation as to where we are going must clear soon,” an unnamed CY official was quoted by the Cyprus News Agency as saying. 

The source declined to comment on the reports.

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