Posts by tag: banking crisis

Archives April 3, 2013 posted by

President’s in-laws say lost €15m in write-down

A COMPANY linked with President Nicos Anastasiades, which the opposition claims transferred millions out of Cyprus after a tip off, said yesterday it would bring back the money under certain conditions.
Both Anastasiades and the company have rejected the allegations, published by Haravghi, the mouthpiece of former ruling party AKEL.
The company, belonging to Anastasiades’ daughter’s parents-in-law, A. Loutsios and Sons Ltd, had never denied transferring €10.5 million to Barclays PLC in London, from its bank accounts in Laiki just days before the Eurogroup decided to raid people’s deposits on March 16.

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Archives March 28, 2013 posted by

Drugs companies seek exemption from capital controls

ANY long-term capital controls restrictions should not impact the pharmaceutical sector to ensure that patients continue having access to drugs, especially essential medicines and vaccines, the Cyprus Association of Research and Development Pharmaceutical Companies (KEFEA) has said. 

KEFEA sent a letter addressed to Central Bank governor Panicos Demetriades, and health minister Petros Petrides asking them to exempt medicines from restrictive measures in place to control capital outflow. 

“We are certain you will take the particularities of the health sector and especially the issue of pharmaceuticals into serious account, in any decisions you make in the immediate future,” said KEFEA head Daan Gijbels in a letter to Demetriades.

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Archives January 27, 2012 posted by

Spike in deaths blamed on 2003 New York blackout – study

A vast electricity blackout in the United States and Canada in 2003 led to the deaths of nearly 100 people, a study found, linking the deaths – higher than official estimates – to not only accidents caused by lack of power, but also underlying diseases.

Researchers said the study published in the journal Epidemiology was the first to show that the death toll of such a power outage comes not only from accidents, such as carbon monoxide poisoning from using generators, but also from chronic health issues such as cardiovascular and respiratory problems.

“Our results from this study indicate that power outages can immediately and severely harm human health,” said lead author Brooke Anderson, a researcher at Johns Hopkins University.

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