Daily Archives: April 5, 2013

Archives April 5, 2013 posted by

Lawsuit threat against EU, IMF and Cyprus

 

A LEADING law firm has threatened to take the European Commission, the International Monetary Fund and the Cyprus Republic to court unless the Eurogroup decision which led to a haircut on deposits is reviewed.

In a letter addressed to multiple recipients yesterday, Georgiades & Mylonas Advocates and Legal Consultants demand the immediate release of their client’s money in Laiki Bank and the lifting of any restrictions on deposits.

The lawyers are acting on behalf of Elena Yavorskaya, who held approximately €3.4m in five bank accounts in Laiki Limassol, money that has been frozen since the decision to wind down the bank.

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Troika deal will bring income to public health sector

 

THE HEALTH minister yesterday sought to explain how the new memorandum of understanding (MoU) with the troika differed from the one agreed in November with the previous government.

Petros Petrides said the main difference was that now, public servants would have to contribute 1.5 per cent of their gross salaries towards what was formerly totally free health care for them.

He said also that families with three or more dependents could choose to be under the state system, again by paying in 1.5 per cent of gross salary. Dependents are offspring up to the age of 21 and any adults who are fully dependent on a guardian. 

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Round-the-clock psychological support being offered

THE HEALTH ministry is offering psychological support to those dealing with anxiety and depression because of the financial crisis and is due to launch a round-the-clock psychological support hotline.

“The population of Cyprus will have to immediately adjust to a new financial reality. The experience of other countries that have dealt with similar problems, with the most recent and closest to our own situation being that of Greece, has shown there will be consequences in the physical and mental health of the people,” a health ministry official Olga Kalakouta said yesterday during a conference on World Health Day. 

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Kidnapped boy’s aunt pleads not guilty

THE 35-YEAR-OLD aunt of the 18-month-old toddler, Stavros Styllis, who was kidnapped on February 15 from his grandmother’s house in Ypsonas, pleaded not guilty to the charge yesterday at Limassol Criminal Court. 

She is accused of abduction and exposure and conspiracy to commit a felony.

There are a total of 40 witness statements relating to the case, which will resume on April 24. The court gave the prosecution ten days to hand over all of the forensic evidence from the Institute of Neurology and Genetics to the defence. 

That evidence includes DNA taken from the 35-year-old’s car, the fingerprint report and an analysis of the photographic and video evidence.

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Hypertension focus on World Health Day

YESTERDAY marked World Health Day, which the World Health Organisation (WHO) has dedicated to focusing attention to raised blood pressure or hypertension, a leading cause of deaths from heart attacks and strokes. 

The WHO estimates that one in three adults world-wide have raised blood pressure. According to the WHO, hypertension is responsible for at least 45 per cent of deaths due to heart disease and 51 per cent of deaths due to stroke.

Some 17 million people die each year across the world from cardiovascular disease, and hypertension complications account for 9.4 million deaths worldwide each year, the WHO said.

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Cyprus Today

Larnaca mulls free clinic 

LARNACA Municipality is now considering opening a clinic on the site of the community market to offer free medical care.

“We are currently looking into starting a clinic which will be housed along with the community market in the same building,” Larnaca Municipality employee and head of the community market, Elias Elia said. “Our aim is to provide the ability for any needy family to see a pathologist who will be able to prescribe medicine for them,” he added.

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Cyprus still has a solid future

My extensive experience in business, but particularly in the forex market, has taught me to expect to find challenges in the business environment. Without a doubt, Cyprus’ reputation as a financial centre has been damaged. However, this has been more as a result of rumours and uncertainty surrounding the deal, rather than direct financial losses.

I feel that, although painful now, the bailout does address one of the biggest problems in the Cyprus economy – the size of its banking sector. As a result it leaves behind an admittedly wounded, although fundamentally stronger (and smaller) banking system upon which to build the economy. 

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