Posts by tag: golf

Archives April 14, 2013 posted by

Deloitte officially named for money-laundering probe

DELOITTE Financial Advisory has been selected by the Central Bank of Cyprus (CBC) as the independent firm to evaluate the implementation of Cyprus’ Anti-Money Laundering (AML) framework, together with Moneyval of the Council of Europe.
Preliminary key findings are expected by April 20, while reports from Moneyval and the private auditor will be delivered to the CBC, the finance minister and the troika by April 24, when the €10 billion Cyprus bailout is expected to be signed.
International lenders will then report to the Eurogroup on the level of implementation of preventive measures by financial institutions, based on the findings of the two parallel reports by Moneyval and Deloitte.

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Archives April 14, 2013 posted by

Helios orphans fall victim to haircut


ON AUGUST 14, 2005, 33 children were orphaned overnight, their lives irrevocably changed.

These children are the living victims of the fateful Helios Airways crash that killed all 121 passengers onboard the Boeing 737 aircraft, including their parents and, in many cases, their siblings. 

On March 16, 2013, the majority of these same children became victims once again. This time, instead of being robbed of their parents, they stand to lose the compensation awarded to them following their parents’ death as part of the brutal haircut on bank deposits.

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Archives June 16, 2012 posted by

Our View: Euro 2012 a great spectacle for the fans

DESPITE the fact that most teams tend to start tournaments cautiously, their primary objective being avoiding defeat in their first game, Euro 2012 has still managed to produce plenty of entertaining and exciting matches. 

The spectacle has been excellent with most matches being played at a high tempo, sparing spectators boring, slow-paced and cagey contests that often feature in the early stages of the World Cup. Ahead of last night’s kick-offs, no match has ended goalless so far.

The smaller number of teams taking part – 16 compared to the World Cup’s 32 – contributes to more evenly-balanced matches and more risk-taking. 

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Archives January 17, 2012 posted by

Tobacco haul

A MAN was arrested yesterday at Larnaca airport for attempting to smuggle in 81 cartons of tobacco and 90 cartons of cigarettes without declaring them at customs.

The man, named as Ahmed Salam, 45, was stopped by customs after arriving from Egypt. The cigarettes and tobacco were found in two suitcases. The merchandise was liable for over €4,500 in duties.

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Archives December 17, 2011 posted by

Neymar threatens Barca's world ambitions

Barcelona have had their thunder stolen before Sunday’s Club World Cup final in Japan, with endless questions about hot-shot Santos striker Neymar rammed down their throats daily.

The Spanish and European champions, bidding to win the seven-team competition for the second time in three years, boast arguably the world’s best player in Lionel Messi.

Yet try as Barcelona might not to talk about Neymar, the name of the 19-year-old Brazil forward so coveted by Europe’s biggest clubs keeps cropping up.

“Neymar is a very dangerous player,” Barcelona coach Pep Guardiola told reporters on the eve of a mouth-watering final in Yokohama. “I expect a cracking game.”

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Archives December 5, 2011 posted by

Assange to fight extradition in top UK court

WikiLeaks founder Julian Assange, who is fighting extradition to Sweden, won the right on Monday to ask Britain’s Supreme Court to hear his case, prolonging his stay in Britain.

Swedish authorities want to question the 40-year-old Australian over accusations of rape and sexual assault made by two female former WikiLeaks volunteers in August 2010.

Assange, who has been living in Britain since his arrest here in December last year, denies wrongdoing.

Monday, two High Court judges ruled that he could ask the Supreme Court to look at his case. However, the ruling does not guarantee him a hearing. The Supreme Court, Britain’s highest, can decide to hear his case, or reject his petition.

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Archives November 11, 2011 posted by

Papademos sworn in to tackle Greek crisis

New Greek Prime Minister Lucas Papademos took office today, heading a coalition cabinet filled with many of the same politicians who led the nation into crisis.
At a colourful swearing-in ceremony, bearded Orthodox priests, led by the Archbishop of Athens, blessed Papademos and a cabinet dominated by the two main parties which had bickered for four days before agreeing on the crisis coalition.
Apart from Papademos, who has no political experience, the main new face in the cabinet is a minister from the LAOS party — the first time the far right has entered a Greek government since the country returned to democracy in 1974 following years of military rule.
The line-up includes socialist party power broker Ev

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Archives November 5, 2011 posted by

Colombians cheer killing of FARC rebel leader


Colombians rejoiced at the killing of top FARC rebel leader Alfonso Cano and hoped the biggest blow yet against Latin America’s longest insurgency could herald an end to nearly five decades of war.

In a triumph for President Juan Manuel Santos’ government, forces bombed a FARC jungle hideout in southwestern Cauca region on Friday, killing several rebels, officials said.

Troops then rappelled down from helicopters to search the area, killing the Marxist rebel boss in a gun battle.

Pictures of his dead body — with his trademark beard shaven off — were broadcast on television. Six laptop computers were found along with 39 memory sticks, cellular phones and cash in pesos, dollars and euros, Pinzon said.

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Archives September 22, 2011 posted by

Town-planning amnesty

THE NICOSIA Municipality yesterday reminded home owners they had until October 7 to apply for a town-planning amnesty, paving the way for the issuing of title deeds. 

According to a municipality announcement, the new procedures are much simpler and quicker than previous legislation on receiving a town-planning permit. More information can be found on the websites of the Interior Ministry ( and municipality ( or by calling 22797468. 

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Archives August 12, 2011 posted by

Baghdatis sent packing in Rogers Cup first round

Marcos Baghdatis was defeated by the towering American John Isner 3-6, 4-6 in the opening round of the ATP World Tour Masters 1000 Rogers Cup in Montreal on late Wednesday night Cyprus time.

The match between the two started a night earlier but it was interrupted due to rain with Isner needing a single break of serve to capture the first set at 6-3, and Baghdatis leading 1-0 in the second. According to the organizers the rain was expected and the forecast for the next few days did not look promising at least until today.

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