Daily Archives: January 26, 2013

Archives January 26, 2013 posted by

Azarenka keeps her eye on the prize to retain title

Victoria Azarenka kept her eye firmly on the prize, despite a host of distractions, to rally from a set down and retain her title with victory over Li Na in a dramatic Australian Open final on Saturday.

The Belarussian had to block out an often blatantly hostile crowd, sit through two lengthy timeouts for Li’s injuries and bide her time as a firework display lit up Melbourne’s skyline before she finally extinguished her Chinese rival’s hopes with a 4-6 6-4 6-3 victory.

Li twice needed treatment after heavy falls – the second time blacking out momentarily after banging her head on the court.

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Too many taking the law into their own hands, says police chief

MURDERS, arsons, robberies and blackmail all increased last year compared to 2011 with serious crime on an upward trajectory since 2009, the police chief said yesterday.
But there was a record low in road deaths, while break-ins and thefts were also down, the chief, Michalis Papageorgiou said during a media briefing of how the force did in 2012.
Last year, 18 people were murdered with the police solving 11 of those cases, a noticeable hike from 2011 when eight people were killed and only three of those cases were solved by the police.
The chief said that six murders in 2012 were the result of arguments, while he attributed five to differences among members of the underground.

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Our View: Legislature should have amended constitution, relating to judges’ pay

IN THE END neither common sense nor public spirit prevailed. District court judges went ahead with their appeal against the pay cuts imposed on them by the state in 2011, presumably hoping that if it is upheld, the additional pay cuts, approved in December, would also be reversed. The full bench of the Supreme Court is hearing the appeal which commenced on Tuesday and will continue on Monday.

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Leak probe at Central Bank

POLICE said yesterday they were investigating the leak of confidential information from the Central Bank, which reportedly concerned the European Central Bank’s (ECB) decision to cut emergency liquidity assistance to Cyprus if no memorandum was agreed by January 20.
Police chief Michalis Papageorgiou said they had received written instructions from the attorney-general to investigate a complaint filed by the Central Bank concerning the leak of sensitive information.
“It is a serious case according to the correspondence we have received and our aim is to conclude (the investigation) as soon as possible,” Papageorgiou said.

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Fitch cuts Cyprus sovereign rating to B

FITCH Ratings last night cut Cyprus’ sovereign credit rating to B from BB-minus, a two-notch downgrade, saying the government probably will have to put more financial support behind the ailing banking sector.
“Uncertainty regarding the capital needs of the cooperative banks remains. Including the latter, the total recapitalisation costs of the banking sector could be up to €10 billion, although Fitch anticipates that this figure may include a degree of headroom,” Fitch said in a statement.
The credit outlook on the government remains negative. Fitch said this is a reflection of “continued policy uncertainty” over a financial bailout package being prepared with the euro zone.

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Bargain hunters flock to closing down sale

PEOPLE were yesterday shopping in droves at what used to be the Debenhams Avenue store in the middle of Nicosia’s Makarios Avenue, coming out with non-branded shopping bags and carrying bundles of clothes across three floors of discounted items.
The Debenhams store has shut down for “commercial and financial reasons” and though rumours abound about what will happen to the premises, Ermes Group whose portfolio includes Debenhams, Next and Peacocks are keeping a tight lid on their plans.
The huge banners outside advertised an 80 per cent closing down sale. The finer print clarified that it would be up to 80 per cent but it was obvious that shoppers skimmed through that part because several were disappointed.

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DISY leader and missus worth over €2.3m

PRESIDENTIAL candidate Nicos Anastasiades yesterday disclosed his personal assets, and those of his wife, adding up to over €2.3m.
The total sum of his personal wealth, as audited by KPMG, comes to €2,342,250, broken down into property worth €835,000, bank deposits totalling €706,527, shares in private companies worth €10,497, shares in public companies worth €6,795, revenue from private companies reaching €667,431 and cars valued at €116,000.
For motor lovers, Anastasiades has at his disposal an Audi A8 bought last year for €85,000, a Mercedes S430 bought in 2001 and now worth €15,000, and a KIA Sportage bought in 2011 and worth €16,000.
In 2011, the DISY leader brought home €457,331 in total, ten times the sum he earns from his ‘bread and butter’ job as an MP.

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EAC says it’s doing what it can to help poor families

BRITISH ex pats living in Paphos have responded to an urgent appeal and are rallying to donate goods to go towards feeding 250 families who are in desperate need.
After the dire situation was highlighted in the Cyprus Mail this week, local businesswoman Pavlina Patsalou who heads up the group along with Paphos councilor George Sofokleous, says the response to the call for help so far has come from the British ex pat community.
“We want to thank everyone who has come and donated food,” Patsalou said yesterday. “Today we have already had around ten people donating all sorts of items. They have all been British.”

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No more business class for state officials

THE government has suspended state officials’ perks such as flying business class as part of a raft of austerity measures to shore up the economy, it emerged yesterday.
According to a circular issued by the finance ministry permanent secretary, a number of state officials will have to learn to live without flying business or club class while certain overseas allowances have been reduced.
The circular suspended the right to use business or club class with the exception of transatlantic flights.
It does not affect the President of the Republic and the House President.

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Village leader faked €23,000 theft

THE 49-year-old former community leader of Klonari village was remanded in custody for six days yesterday by the Limassol district court after allegedly faking a car burglary to cover a €23,000 hole from the village council’s budget.
According to Police Chief Michalis Papageorgiou, the 49-year-old reported to police on Thursday that the rear window of his car had been smashed and a briefcase containing €23,000 and official documents  were stolen.
“When our officers went to the scene they noticed there was no broken glass,” said Papageorgiou.
He added: “During questioning the man confessed that he made a false report because while serving as community leader he had embezzled that money.”

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