Daily Archives: January 25, 2013

Archives January 25, 2013 posted by

Investors want Popular chairman to resign

THE investors association (PASEHA) yesterday demanded the resignation of the Popular Bank chairman, accusing him of allowing the lender’s legal adviser to also represent a flagging supermarket chain that owes the bank millions.

PASEHA said Pambos Ioannides was acting as Popular’s legal adviser while at the same time he was retained by the Orphanides supermarket chain.

“This unacceptable act is indicative of how the bank got to this point and the new board chairman, Mr Andreas Phillipou’s, inability to accept that such actions hurt the shareholders’ interests,” PASEHA said in a written statement. “The challenges faced by Popular are huge and it is obvious that Mr Phillipou cannot perhaps tackle them, thus we call on him to resign.”

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Building works grind to a halt

CONSTRUCTION work stopped across the board yesterday during the first day of an islandwide strike over job losses and insecurity in the sector. 

The strike is due to continue today, while the unions have not ruled out extending it indefinitely.

Unions SEK, PEO, and DEOK, have assigned patrols which have been going round construction sites looking for strike-breakers, SEK’s Yiannakis Ioannou said.

PEO issued an announcement bashing contractors who were  “hurting employers, their conquests and their families”.

People are being fired and are getting replaced by “cheap labour”, PEO said. 

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Contract signed for Larnaca hospital

COMMUNICATIONS minister Efthymios Flourentzos yesterday signed a €20m contract for the expansion of Larnaca general hospital using the design-build-maintain method. 

According to Flourentzos, the contract worth €20m plus VAT provides that the contractor must design and construct a new four-floor building in the hospital grounds within the next three years, which will have the capacity to have another four floors added on in the future. The contractor also has to provide maintenance for the first 12 years of the building. 

The new building will have two underground floors and two over ground, and will be constructed on the site where the hospital canteen currently stands near the entrance to the complex.

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Upgrade for bone marrow registry

THE PLANNING Bureau has signed a contract with the Karaiskakio Foundation to finance the improvement of the Cyprus Bone Marrow Donor Registry with the aim of improving public health and reducing health inequalities.

The project contract was signed on Wednesday and will be implemented under the Norway Grants 2009-2014 programme. 

The total budget is €756,808, with Norway Grants providing 90 per cent of the total and Karaiskakio Foundation the remaining 10 per cent. 

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Weapons cache found in car

A 55-YEAR-OLD man from Larnaca was arrested on Wednesday morning after police found a host of weapons and dangerous items in his car, including air guns, taser guns, batons and handcuffs. 

Larnaca police spokesman Christos Andreou said that, acting on a tip-off, police intercepted the car driven by the 55-year-old at around 11am in Larnaca. During a search of his car, police found 23 taser guns, five foldable batons, five air guns, two fake guns, two pairs of handcuffs and a large number of metal pellets.  

Police then searched the 55-year-old’s home where they found another 12 air guns and fake guns, and one more taser gun. 

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Popular path being extended another 100m

THE NICOSIA Municipality has decided to add another 100m to the popular pedestrian /cycle path that stretches along the Pedieos River from the suburbs of Lakatamia all the way to Prodromos park in the town centre. 

According to municipality sources, the path has proved so popular that the municipality has asked the contractor to extend the path from the Prodromos park behind the Yiorkion building a further 100m, stretching under the bridge on Hilonos Street and towards the temporary immigration buildings across the street. 

The work should take around two months to be completed, though when it will start is unknown given the current strike by construction workers.  

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Teachers say they’re paying for the crisis

PRIMARY SCHOOL teachers yesterday protested outside the Presidential Palace, briefly closing the road in front, against austerity measures being taken as a result of the draft memorandum agreed with international lenders. 

Members of the primary teachers union (POED) held banners protesting against the parallel increase in teaching hours and unemployment among the youth. 

One banner read: “Teachers are paying for the crisis”, while another: “Keep your hands off Education”. 

POED deputy leader Christoforos Theophanous said the demonstration was called to express teachers’ opposition to the provisions in the draft memorandum which “undermine education” and will reportedly make around 400 new teachers unemployed next September. 

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Greek Helios verdict on February 7

A GREEK appeals court will on February 7 hand down its verdict on whether four members of now-defunct Helios Airways are guilty of negligent manslaughter.

In April last year a magistrate’s court in Athens had found the airline’s managing director Demetris Pantazis, flight operations manager Giorgos Kikkides, Bulgarian chief pilot Ianko Stoimenov and chief British engineer Alan Irwin, guilty of negligent manslaughter, a misdemeanour.

The four had been sentenced to 10 years in jail, pending an appeal. At the time the court had also ordered that the defendants could not buy out the sentence, as is sometimes possible under Greek law.

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India day

THE 64TH Republic Day of India will be celebrated tomorrow at the High Commission of India, located at No 3 Indira Gandhi Street, Montpamasse Hill, Engomi in Nicosia.

The function will commence at 10am with the hoisting of the national flag and a reading out of the President’s Address to the Nation. 

The High Commission invited all Indian nationals in Cyprus, along with their families, to attend the function, noting that arrivals should aim to be there for 9.45am. 

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Wanted man

POLICE ARE looking for Panayiotis Christofi, 32, also known as Panayoui, from Nicosia in connection with investigations into a number of burglaries and thefts. 

The 32-year-old is described as being 1.68m in height, of thin build with short black hair. He is known to use a gold-coloured Peugeot car with registration number ??? 186.  

Police call on anyone with information as to his or his car’s whereabouts to contact Kokkinotrimithias police station, or their nearest police station or the Citizen’s Hotline on 1460.

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