Posts by tag: Turkey

Archives April 24, 2012 posted by

Parties prepare for post-Christofias alliances

NOW THAT it seems increasingly likely President Demetris Christofias will not be seeking re-election, the two big parties AKEL and DISY have begun in earnest courting the minority opposition.

A coordinating body comprising representatives of the four minority parties — DIKO, EDEK, the European Party and the Greens — will be meeting this Friday to begin thrashing out a common election programme.

The  leaders of the four parties are also set to talk shop later this week, although most likely beginning of the next as the head of the European Party Demetris Syllouris is currently abroad.

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Archives April 18, 2012 posted by

Lord Mayor of City of London to visit


THE LORD Mayor of the City of London David Wootton and the City of London Corporation’s Policy Chairman Stuart Fraser will travel to Cyprus for a three-day visit next week, from April 22 to 24 to prepare for the forthcoming rotation of the European Presidency from Denmark.

According to the website of the City of London, the Lord Mayor and the Policy Chairman will be using this visit as an opportunity to speak with a number of high-level Cypriot policy makers, civic leaders, businesses and trade associations.

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Archives April 11, 2012 posted by

Turkey’s drilling plans ‘foolish’


TURKEY’S PLANS to explore for hydrocarbons in the occupied areas are “foolish and without substance”, Foreign Minister Erato Kozakou-Marcoullis said yesterday.

The purpose of drilling holes in “our land” is to satisfy public opinion since Turkey cannot find partners to participate in the “illegal” exploration, she argued. 

According to Turkish Cypriot press, drilling for hydrocarbons will start after April 24 in the occupied Famagusta village of Singrasi. The same reports say the Turkish Petroleum Corporation (TPAO) is in the process of bringing drilling equipment to the island. 

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Archives April 3, 2012 posted by

Ministries seek gas extraction timeline

STARTING today, the government is beginning an “intensive dialogue” with Noble Energy on how and when natural gas from Block 12 can be extracted and brought onshore, Commerce Minister Neoclis Sylikiotis said yesterday.

The talks with the US company are expected to last two to three months, the minister said after a meeting with the board of directors of the electricity authority (EAC) and the chairman of the Natural Gas Public Company (DEFA).

“Through this dialogue all the matters relating to planning for the advent of natural gas are to be straightened out,” said Sylikiotis.

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Archives March 28, 2012 posted by

More sought in fuel scam

FIVE people have so far been remanded on suspicion of conning consumers by placing a special mechanism on petrol pumps.

The owners of the four stations named by Commerce Minister Neoclis Sylikiotis on Monday – two Lukoil stations in Nicosia and Larnaca, as well as two Total Plus stations in Nicosia and Paphos – along with the assistant manager of one of the stations are all in remand, while two other men are wanted in connection with the case.

Paphos District Court yesterday issued a six-day remand for a 60-year-old man from Strovolos, who owns a number of stations across the island, including the one in Paphos where the special mechanism was found.

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Archives March 27, 2012 posted by

Our View: Problems in the banking sector must not be left to fester

THE RE-CAPITALISATION drive of Cyprus’ two biggest banks has not gone well. They still have a couple of months to meet the capital targets set by the EU, and it is looking increasingly likely that they may have to seek state assistance.

The Bank of Cyprus failed to raise the €1 billion it needed through a rights issue and the exchange of convertible securities, the deadline for which was a week ago. The capital it raised was short of the target by €400 million. It could still try to find investors abroad to make up the shortfall, but in this economic climate and with the banks short-to-medium-term prospects less than rosy it will be far from easy.

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Archives March 21, 2012 posted by

Britain cuts income tax, austerity drive undimmed

British finance minister George Osborne cut the top rate of income tax while imposing new levies on the wealthy, in a political high wire act designed to rejig the burden of austerity without wavering on plans to erase a huge budget deficit.

Britain should avoid a renewed recession and while the recovery was set to remain modest this year, growth should pick up thereafter, Osborne told parliament in his annual budget statement on Wednesday.

A sometimes uneasy coalition government of centre-right Conservatives and more left-wing Liberal Democrats has made erasing a huge budget deficit – which topped 11 percent of GDP before it took office – within the next five years its core objective, and the latest forecasts showed it remained on track.

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Archives March 18, 2012 posted by

You’ve got it all wrong on Syria


Your editorial in the Cyprus Mail on March 8 was wrong. Mr Christofias is one of the free honest politicians that has expressed an honest an principled  opinion on Syria.

It is true that these countries could be taken over by fundamentalists. Do people really believe that the ‘Arab Spring’ is motivated by people who want democracy? How naïve.

It is motivated by people that have their own agenda. Surely Assad is only doing what any government would do when faced with a ‘mini coup’. In this respect Russia and China have been the only countries that have addressed the situation with principles. The others seem to have their own

CA, Cyprus 


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Archives March 16, 2012 posted by

French presidential battle lines drawn on austerity

France’s main presidential candidates have drawn clear battle lines over austerity, Europe and Germany as opinion polls show the gap between them narrowing five weeks before the first round of voting.

Socialist challenger Francois Hollande, whose wide poll lead over conservative President Nicolas Sarkozy has shrunk in the last week, raised the stakes in a television appearance on Thursday after winning public support from German and Spanish opposition leaders for his stance.

Hollande said that if elected he would not submit a German-inspired European treaty enforcing strict budget discipline for ratification unless it were “completed” by a growth component.

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Archives March 15, 2012 posted by

Swiss couple escape from Pakistan


A Swiss couple kidnapped by the Pakistani Taliban last July have escaped and will return home soon, the Swiss foreign ministry said on Thursday after the two reached a military checkpoint near Pakistan’s border with Afghanistan

Olivier David Och, 31, and Daniela Widmer, 29, were kidnapped in Pakistan’s southwestern province of Baluchistan and had been held by the Taliban in the North Waziristan region.

“A few minutes ago I was able to speak to Daniela and David and yes, they are free. They are in a safe place,” Swiss Foreign Minister Didier Burkhalter told a news conference. “Daniela and David said they managed to escape this morning.”

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