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Archives April 30, 2013 posted by

Canteen fire

A FIRE broke out in Acropolis primary school’s canteen in Nicosia at around 7.30pm on Sunday, causing damage to the door and window. After the blaze was extinguished by the fire department, tests showed it has started in a fireplace outside the canteen.

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Archives April 30, 2013 posted by

BoC converts portion of uninsured savings to equity

BANK of Cyprus (BoC) said on Sunday it had carried out a conversion of uninsured cash deposits in the bank into equity, one of the conditions of international lenders to offer the cash-starved island financial aid.
The process, known as a ‘bail-in’, made depositors in the bank pay for its recapitalisation, after the institution was hit by massive losses from its exposure to debt-crippled Greece.
The island’s largest bank, said it had converted 37.5 per cent of deposits exceeding €100,000 on March 26, into “class A” shares – nominal value €1 — with an additional 22.5 per cent held as a buffer for possible conversion in the future.
Any loans or other financial obligations had been deducted before the conversion, the lender said.

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Archives April 30, 2013 posted by

School arson

A FIRE was set in the Technical school in Nicosia after vandals broke in on Sunday at around 10.30pm, police said yesterday. The perpetrators broke into an office, set fire to a couch and coffee table and also stole a computer. They also broke into a classroom, took chairs and plastic bins which they later set fire to. The Lykavitos police station is investigating.

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Archives April 30, 2013 posted by

Kazamias called to account

FORMER finance minister Kikis Kazamias yesterday denied downplaying or misrepresenting the severity of the economic outlook during his brief stint in the previous administration.
He highlighted also the poor interpersonal relations between former President Demetris Christofias and ex-central banker Athanasios Orphanides, adding that the feelings were “mutual.”
Kazamias was testifying before the committee of inquiry probing the circumstances that led the economy to the brink of bankruptcy and to the ‘haircut’ decision of March this year. The panel is currently focusing on fiscal/governmental policies and decisions, most of which fall within the term of the previous administration.

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Archives April 30, 2013 posted by

Busy weekend

THE FIRE Services were called to extinguish a total of 221 fires over the weekend. The number is considered to be very high and in a statement yesterday the services called on the public to be especially careful. The sharp increase in temperatures over the weekend and the reduced humidity in the atmosphere combined with strong winds were conducive for fires to start and spread.
The Fire Service reminded the public that starting a fire, throwing cigarette butts away or any other actions which could start a fire are prohibited.

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Archives April 30, 2013 posted by

Lillikas rallies anti-bailout supporters

A NEW political movement calling itself the ‘Citizens’ Alliance’ has vowed to fight a financial rescue deal between Cyprus and international lenders and to seek alternatives for placing the stricken economy on a path to recovery.
Unveiled this weekend in Nicosia, the movement is led provisionally by Giorgos Lillikas, who in the recent presidential elections garnered an impressive 26 per cent of the popular vote, nearly making it to the runoff vote.
His movement’s founding convention was held Sunday on the grounds of the State Fairs, where hundreds flocked to register. Elections to nominate the leadership are scheduled for later this year.

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Archives April 30, 2013 posted by

Tractor injuries

OVER THE weekend two men were treated for injuries caused in two separate tractor accidents in Paphos.
George Stylianou, 50, was seriously injured on Saturday afternoon in a rural area of Kathika when his tractor overturned.
Stylianou is in the intensive care unit of Paphos general hospital. According to doctors his condition is serious but he has shown signs of improvement.
Socratis Vasiliadi, 60, received slight injuries to his legs when his tractor overturned on Sunday afternoon on the rural road between Ayia Marina Kelokedaron and Kelokedara.
According to police the tractor , which was towing a wagon carrying a water tank, overturned on a turning.
In both cases the tractors did not have protective covers.

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Archives April 30, 2013 posted by

Georgiades tells deputies: stop complaining

FINANCE Minister Haris Georgiades has urged parliament to ratify a bailout deal, despite the hardship it will bring, warning that the alternative would be economic collapse.
“Instead of seeking non-existent alternative choices and dei ex machina, maybe we must decide to take control and our fate in our own hands,” Georgiades said during a joint meeting of the House Finance and Foreign Affairs Committees. “Instead of complaining, maybe we should recognise our own mistakes and start working to cover lost ground.”
The committees discussed the island’s bailout ahead of a vote to ratify the €10 billion deal today.

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Archives April 29, 2013 posted by

Keep us from tum-tation, or sensational Taurus

Well thank the primal cause (that’s G-O-D to you) the sun is finally in the sign of Taurus.

Nothing against my pyro-frantic Aries friends, but in this little corner of paradiso, tempers need to settle, people need to take a chill pill and somebody better fire up a barbecue or three.

It’s sunny spring time, and we’re being treated to a good dose of Sol worship right now – which is just what the doctor ordered, frankly, after the trying days we’ve all been going through.

Mercury hopes everyone weathered the full moon in Scorpio in one piece this past Thursday and is grateful that, for Easter celebratin’ folk at least, there’s the promise of a week wholly (see what I did there?) devoted to winding down, getting outdoors and tucking into a good meal.

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