Author Archives: Stefanos Evripidou

Archives March 21, 2013 posted by Stefanos Evripidou

Government achieves consensus on Solidarity Fund

THE GOVERNMENT has achieved consensus on the setting up of an Investment Solidarity Fund in a bid to raise the required €5.8 billion that would unlock the EU/IMF’s €10 billion financial assistance package for Cyprus.

The creation of the Fund comes in the wake of parliament’s rejection of a controversial tax levy on banking deposits agreed by the Cypriot government and Eurogroup last Saturday.

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Archives March 16, 2013 posted by Stefanos Evripidou

Cyprus first to showcase new poker technology

CYPRUS will be the first country to showcase new poker technology at the forthcoming nation’s cup to be held in Paphos in April. 

For the first time at a major championship, no cards or dealers will be used.

The European Nation’s Cup will be held at the Annabelle hotel in Paphos from April 12-15. Fourteen teams of six players will take part in the 2013 Nations Cup. These include the top six teams, Estonia, Lithuania, Serbia, Poland, Hungary and Bosnia and Herzegovina from a recent qualifying event held in Vienna. Host nation Cyprus, Spain, UK, Denmark, France, Ireland, the Netherlands and Russia will also take part.

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Archives March 16, 2013 posted by Stefanos Evripidou

Dozens of inmates still waiting for parole hearing

POTENTIAL parole candidates, who have had to wait almost a year to have their cases heard by a parole board, will have their wait prolonged by a few more weeks, according to the ministry of justice. 

The ministry is in the process of appointing a new parole board. The previous board’s tenure expired in June 2012 but the ministry has been unable to fill the positions yet. The board is required to have an ex-judge as its chairman, with the other positions being filled by a psychiatrist or psychologist, a forensic psychologist and a social worker or criminologist. 

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Archives March 16, 2013 posted by Stefanos Evripidou

Two more teens remanded in burglary spree

LARNACA District Court remanded two youths, aged 15 and 17, for four days in relation to several cases of robberies and thefts and a 36-year-old man for seven days for allegedly receiving stolen goods.

“On March 13, a 15-year-old was arrested after an arrest warrant was issued, for the burglary of around €20,000 in jewellery from a house in Larnaca,” Larnaca Police spokesman, Christos Andreou said. “The 15-year-old named two accomplices, another 15-year-old and a 17-year-old, who were also arrested on Thursday,” he added. The first 15-year-old has already been remanded.  

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Archives March 16, 2013 posted by Stefanos Evripidou

Stolen cash found in field after robbery

A ROBBERY in Limassol in the early hours of yesterday ended mysteriously after the €2,700 in stolen loot was later found by police discarded in a field. 

According to a police spokesman, they received a report from a 57-year-old restaurant cashier just after midnight that as she was leaving work with the day’s earnings of €2,700 when a man had approached her in her car and took the money. 

According to reports, as soon as the 57-year-old sat in the driver’s seat, a masked man, wearing black clothes and a woollen hat, between 1.70m and 1.75m in height opened the door, pulled her out and threw her to the ground. 

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Archives March 16, 2013 posted by Stefanos Evripidou

Separate arson attacks destroy several cars

A 48-YEAR-OLD man from Limassol had his car completely destroyed just after midnight on Thursday when it was set on fire, police said. According to reports, the 48-year-old noticed his car was on fire at 12.30am as it was parked outside his house. The fire was eventually extinguished by members of the fire service after the car, valued at around €15,000, had been destroyed. A police spokesman said that during investigations, a 10 metre trail of flammable liquid residue was found leading to the front of the car.

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Archives March 16, 2013 posted by Stefanos Evripidou

Kasoulides: all sides should be involved in peace process

TURKEY AND Greece should also have a seat at the negotiating table when peace talks to solve the island’s ongoing division resume, said Foreign Minister Ioannis Kasoulides. 

The new minister was quoted in yesterday’s Milliyet, a Turkish daily, saying that the method of the peace talks employed up to now had to change. 

During an interview with the Turkish paper in Brussels, Kasoulides said the economy was clearly a priority right now but that the new government would also proceed with the issue of the Cyprus problem. 

The government will send clear signals to Turkey in the coming months, he said, expressing hope that these signals would not remain unanswered. 

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Archives March 16, 2013 posted by Stefanos Evripidou

DISY leadership will go to run-off

DESPITE rumours to the contrary, there will be a run-off for the leadership of ruling DISY during the party’s electoral assembly on April 27. 

The party’s deputy leader, Averof Neophytou was expected to be unchallenged for the role vacated by new President, Nicos Anastasiades, but he will face opposition for the top position from the party’s political office’s Andreas Taliadoros.

Neophytou’s position of deputy-head – should he win the leadership – will be filled by MP Lefteris Christoforou as there were no other candidates for the position.

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Archives March 16, 2013 posted by Stefanos Evripidou

Cyprus may have as much as 40 tcf of natural gas

CYPRUS may have up to 40 trillion cubic feet (tcf) of natural gas reserves in some of its blocks within its exclusive economic zone (EEZ), and could start exporting 2.0 tcf of liquefied natural gas a year by 2020, the head of the Hydrocarbons State Company (KRETYK) Charles Ellinas said yesterday. 

In addition to the estimated gross mean of 7 tcf of gas in Cyprus’ block 12, to be confirmed later this year by Noble Energy in a second drilling, a second prospect may hold even more, Ellinas said at the 2nd Energy Forum held yesterday in Nicosia. 

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