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Archives April 28, 2013 posted by

Tales from the Coffeeshop: The more things change…


AS RECENTLY as three months ago most men were willing to have their testicles chopped off, donate a kidney to comrade Tof and sign a life membership of AKEL for the chairmanship of the Bank of Cyprus, Kyproulla’s biggest, richest and mightiest company.

But today, if they had a choice, most guys would rather shovel muck on an Aradippou pig farm in 40-degree heat, than sit in the soft-leather, executive chair of the chairman’s wood-panelled, air-conditioned office on the top floor of the bank’s marble and glass Nicosia premises, eager secretaries queuing up to pamper him.

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Archives April 28, 2013 posted by

More a ‘recipe for disaster’ than a ‘rescue’


The justice or otherwise of the treatment of the Republic is, it seems, secondary to the needs of international realpolitik. Turkey is important and the Greek Cypriots are not.

I came to terms with this on a July morning in 1974, as Turkish jets bombed the hotel that I was staying in. It could also be argued that the Greek Cypriots are their own worst enemies and have contributed to their own downfall. This may be true, but the realpolitik argument implies their downfall was inevitable. Greek Cypriots could be saints but Turkey is still more important to the great powers.

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Archives April 28, 2013 posted by

Our View: Strategy needed to rebuild trust in the banking system


FINANCE minister Haris Georgiades surprised many people on Tuesday when he said he hoped that currency controls could be lifted within the next few weeks. He conceded, in an interview with Reuters, that it could take a little bit longer, but “definitely not six months”, adding, “I am optimistic we shall be able to proceed much sooner.”

He had to be optimistic to believe controls could be lifted much sooner, but to entertain the idea they could be lifted within the next few weeks verges on the unrealistic. While Georgiades’ eagerness to bring back pre-bail-in, banking practices is understandable, as this would constitute a return to normality, it is very difficult to see how it could be done in the current climate. 

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Archives April 28, 2013 posted by

Just more empty talk about title deeds


In a recent speech in the British House of Commons, the Cypriot Foreign Minister included the following as part of his statement: “At this point, I wish to express understanding for the difficulties that British residents in Cyprus face with regards to the timely issuance of real estate title deeds. Many Cypriots face the same problem too. To this end, we aim to introduce a speedy and fast track system to assist foreign nationals wishing to invest in real estate.” 

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Archives April 28, 2013 posted by

Cyprus in Brief



A 52-YEAR-OLD man in Nicosia reported to police that at around 8.20pm on Friday he was attacked by two men who managed to rob him of €100,000 in cash and cheques. According to reports, the man had parked his car in the yard of his home when two men attacked him, spraying him in the face with a harmful substance and hitting him with an unknown object. They then opened the back door of the car and took his bag which contained €30,000 in cash and €70,000 in cheques. Nicosia CID is investigating the case.



Gun found

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Archives April 28, 2013 posted by

Do you know where your donations are actually going?


I refer to the various articles about helping the poor and disadvantaged.

I am a shopkeeper of over 20 years and one of my customers is a poor, unemployed and is now virtually blind from diabetes  probably mainly because of his gross overweight. I have known him for over 20 years as he has never worked during that time.

He seems an honest and simple person and he has relied on welfare benefits all of his life.  

During this period of severe economic crisis the community is encouraged to help such people even more so. The welfare services, local councils, the Church, radio stations, various charities, and individuals are collecting money, food or food coupons for these disadvantaged people. 

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Archives April 28, 2013 posted by

Piraeus Bank sponsors free parking for Easter


PIRAEUS Bank will cover parking costs for municipality parking in Nicosia and Limassol over the holy week in an effort to revive the market.

Executive Board Director and General Manager of Piraeus bank Cyprus Ltd George Appios said the slogan would be: ‘Now we will all go to the city centre’.

“We are convinced this will help the market and give shops a significant boost in both cities,” he said.

Nicosia mayor, Constantinos Yiorkadjis: “This contribution will support shops in the city centres, attract people to the cities where they can shop, attend church and have family outings. It will also help boost the commercial market.”

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Archives April 28, 2013 posted by

A new IPT law by June? Fat chance


Your letter column dated 25 April ‘Interim IPT bill to satisfy troika’.  It never ceases to amaze me why those in authority seem to think that we, I mean, those of us lucky not to be in the Club, need this daily fix of utter garbage, unless of course they actually believe in what they are conveying to us ‘illiterate fools’ Let’s look at it another way, they must be assuming that we are all uneducated because otherwise they would not say, think, or even publish information that is so unrealistic, but no, they just have to do it because it’s in their blood and part of their makeup.

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