Daily Archives: March 7, 2013

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Church speaks out on cremation, civil partnerships and periods

 

THE HOLY Synod said yesterday it opposed draft legislation which regulates cremation and allows civil partnerships, and seemed to hint strongly it still upheld a mediaeval objection to the attendance in church of menstruating women.

It also said the church opposed a proposed change in schools which would see students no longer obliged to take religious studies. 

Speaking about civil partnerships, Paphos Metropolitan Georgios said that laws cannot determine what is right and wrong and that the church could not condone any partnership outside of an official church wedding.

“The church cannot accept the cohabitation of people of the same sex because Holy Scripture speaks of two sexes, male and female, that God created,” he said.

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Our View: Things not looking good for national carrier

THINGS are not looking good for Cyprus Airways. On Monday it announced losses of €55.8 million for 2012 which were more than double its losses for 2011. Revenue for last year was down by 17.6 per cent to €175.5 million and was mainly attributable to falls in passengers and freight. Announcing its results, the company said it expected the coming year to be challenging because of an economic downturn in its main markets of Cyprus and Greece.

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CB chief under fire for capital gains levy

FINANCE Minister Michalis Sarris yesterday implicitly rejected a suggestion by the Central Bank chief that a levy be imposed on earnings from bank deposits, saying such a move might hurt confidence in the banking system.

“The cornerstone of confidence in the banking system is the integrity of deposits, so with that in mind, one has to look at whether it could have a negative impact,” Sarris told reporters.

Central Bank Governor Panicos Demetriades said in an interview with the Wall Street Journal published on Tuesday that Cyprus could install a special levy on capital gains from bank deposits to finance the restructuring of its banking sector. 

Sarris said he had not had the opportunity to discuss the matter with Demetriades.

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EU launches probe into state aid for Cyprus Airways

EUROPEAN Union competition regulators are investigating whether €104 million in state aid granted to national carrier Cyprus Airways (CY) complies with EU state aid rules, it was announced yesterday.

“The European Commission has opened an in-depth investigation into a number of public support measures in favour of Cyprus Airways,” a statement from the commission said. “At this stage, the commission has doubts whether these measures are in line with EU state aid rules.”

The European Commission said it doubted that the airline’s capital increase, with a €31.3 million contribution from the Cypriot state, was conducted on market terms.

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Omonia fan gives up pension in bid to save club

 

A WORLD War II veteran handed his €500 monthly pension over to Omonia Football Club yesterday, in a bid to help his beloved team collect €5 million in order to meet UEFA Financial Fair Play (FFP) regulations. 

Omonia president, Stelios Mylonas, came out yesterday to confirm rumours that the club, which is a total of €17 million in debt, needs to collect €5 million by March 31 or risk sanctions from UEFA for not meeting the FFP regulations over clubs getting into excessive debt.

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Juncker: Cyprus should be treated with care

FORMER Eurogroup president and Prime Minister of Luxembourg Jean-Claude Juncker has said that Cyprus’ financial problems should be addressed with the same care demonstrated in the case of Greece, Ireland and Portugal and expressed the view that a decision on Cyprus must be taken soon.

Juncker considers the case of Cyprus as a systemic one.

In an interview with the international press agency Agence Europe, published in Brussels, former Eurogroup president noted that “if a country like Cyprus, as small as it is, faces unresolved problems, then these problems should be addressed with the same care the Greek, Irish and Portuguese problems were addressed”.

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Kyprianou: army assured me munitions were safe

FORMER foreign minister Marcos Kyprianou said yesterday that he had been assured that it was safe for Cyprus to keep the Iranian munitions cargo that was confiscated and stored at a naval base in Mari before the containers exploded in July 2011.

Kyprianou – one of six defendants in the ongoing trial over the death of 13 people who were killed by the blast – was being cross-examined by the state prosecution.

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Downer hoping to restart talks

 

UN SPECIAL Advisor Alexander Downer was in Cyprus yesterday to prepare the ground ahead of next week’s meetings with the two leaders, where he hopes to clear a path towards the restart of peace talks following last month’s presidential election. 

The Australian made a one-day stopover in Cyprus to chat with the UN Good Offices staff about the scheduled meetings for which he will return to the island.  

Downer will meet separately with President Nicos Anastasiades – for the first time since the latter took office – and Turkish Cypriot leader Dervis Eroglu on Tuesday.  

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LNG terminal is the ‘only way forward’

 

BUILDING a costly liquefied natural gas (LNG) terminal is the only way for Cyprus to export its hydrocarbons, said head of Cyprus’ state hydrocarbons company (KRETYK) Charalambos Ellinas yesterday. 

Speaking to state broadcaster CyBC, Ellinas argued in favour of an LNG terminal saying that it was the best and only option available to the country.   

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