Daily Archives: February 26, 2013

Archives February 26, 2013 posted by

Baghdatis blows it as Del Potro wins in Dubai

MARCOS Baghdatis failed to capitalise on three match points as he lost to fourth-seeded Argentine Juan Martin Del Potro 4-6, 6-4, 7-6(4) in the opening round of the Dubai Duty Free Tennis Championships on Tuesday.

Del Potro arrived in Dubai in a rich vein of form, reaching the Open 13 quarter-finals in Marseille last week, having previously won the ABN AMRO World Tennis Tournament in Rotterdam two weeks ago.

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Path to bailout not all smooth sailing


IT SEEMS President-elect Nicos Anastasiades will not be getting a grace period from his European partners, as less than 24 hours after winning the elections, France and Germany called for a swift resumption of bailout talks with a view to concluding negotiations before the end of March.

It will not be all smooth sailing for Anastasiades however.

European policymakers are split over how to handle a bailout of Cyprus, with Germany and some other countries pushing for bank depositors to bear part of the cost and many other member states worried such a move will cause a bank run.

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Fitch cautious but positive on Cyprus

PRESIDENT-elect Nicos Anastasiades’ stance could make the country’s negotiations for a rescue package less challenging than under the outgoing president, Fitch Ratings said yesterday. 

Anastasiades has stated his intention to secure “timely financial support,” and now arguably has a mandate to conclude negotiations, Fitch said, also highlighting his relations with leaders of key European partners, including Germany.

“However, despite his overwhelming victory in the weekend’s elections he will face the same policy challenges as his predecessor, and there is still lingering uncertainty about the timing and details of an EU rescue programme,” the agency said.

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Kasoulides and Sarris confirmed, Pissarides also in


IOANNIS Kasoulides and Michalis Sarris were yesterday confirmed as the President-elect’s picks for the ministries of foreign affairs and finance, respectively, as speculation raged over who would fill the remaining portfolios.

And Christopher Pissarides, awarded the 2010 Nobel Prize in Economics, is to head an economic policy council. It will be an advisory body with no executive powers, and directly answerable to the President.

Anastasiades made the announcement last night after a long day of deliberations, with dozens of people coming and going at DISY’s Nicosia HQ on Pindarou Street.

Additional names for the new Cabinet would be announced once they were “locked,” Anastasiades told eager newsmen.

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AKEL wastes no time in slamming PfP proposal


COMMUNIST AKEL yesterday censured President-elect Nicos Anastasiades for his stated intent to apply for Cypriot membership of the NATO-affiliated Partnership for Peace.

A party spokesman warned such a move would backfire on the divided island.

It was the first skirmish between the soon-to-be opposition AKEL and the Anastasiades government which takes power in a few days.

In announcing plans to join the Partnership for Peace (PfP), Anastasiades has manifested a major foreign policy shift from the outgoing administration of President Christofias.

AKEL is strongly opposed to any links with NATO, holding it responsible for what it says was a conspiracy to split the island in 1974.

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IKEA withdraws ‘horsemeat’ meatballs

CYPRUS is one of 13 countries from which Swedish giant IKEA has halted sales of its trademark Swedish meatballs after tests in the Czech Republic yesterday showed the product contained horsemeat.

IKEA, the world’s No. 1 furniture retailer and known also for its signature cafeterias in its huge out-of-town stores, said it had stopped sales of all meatballs from a batch implicated in the Czech tests.

The checks were carried out in response to a Europe-wide scandal that erupted last month when tests carried out in Ireland revealed some beef products contained horsemeat. This has triggered recalls of ready-made meals and damaged confidence in Europe’s vast and complex food industry.

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Tax collection up 20 per cent

AMID THE doom and gloom forecasts for the Cyprus economy, the Inland Revenue Department (IRD) yesterday announced a 20 per cent increase in tax collections for January compared to the same month the year before. 

According to data released yesterday, the €40.5 million increase is mainly due to a 47 per cent increase in revenue from the special contribution to the defence fund and a 28 per cent increase in company tax revenues.

The IRD’s total collections for January 2013 reached €240,259,908 compared to €199,738,918 in January 2012.

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Woman denied disabled sticker because she’s not on benefits

BEING disabled in Cyprus is becoming more difficult after disability pay was recently reduced as part of the austerity measures, but for 50-year-old Belinda Salthouse, disability brings even more frustration. 

Suffering from Crohn’s disease of the bowel, and arthritis in her spine and of the sacro-iliac joints, the Briton who has lived in Oroklini for the last nine years had her application for a car disability sticker turned down.

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