Новости за 19.01.2016

Sixteen people arrested in connection with a loan scam worth around €12mln at the Ayia Fyla co-op bank were brought before Limassol’s district court on Tuesday where, during a nine-hour hearing, police requested their remand. Three more suspects are still being sought. The court reserved its decision on remand orders until Wednesday. The suspects will […]

By Angelos Anastasiou The Cyprus Land Development Corporation (CLDC) has been allocated €2 million to implement the government’s primary-residence protection scheme for 2016, chairman Charalambos Petrides told lawmakers on Monday. According to Petrides, the scheme is designed to help non-viable borrowers make payments on their housing loans by paying up to 60 per cent of […]

By George Psyllides Cigarette and tobacco smuggling is booming in Cyprus, costing the state millions in taxes and known individuals are behind it, MPs said on Tuesday. The House Watchdog Committee discussed the issue in the wake of the seizure of 19.5 tonnes of tobacco in Aradippou in October, the largest haul to date. “Let […]

By Sujata Rao More than a trillion dollars of investment flows has fled emerging markets over the past 18 months but the exodus may not even be halfway done, as once-booming economies appear trapped in a slow-bleeding cycle of weak growth and investment. While developing economies are no stranger to financial crises, with several currency […]

A British court has lifted an order to freeze the accounts of Turkish diplomats in the UK following a property ruling made in Cyprus, reports said on Tuesday. The case concerns seven Greek Cypriots who filed a property case against Turkey. Once the court in Cyprus ruled in their favour, they took the case to […]

By Angelos Anastasiou Suitable properties to host foreclosure proceedings have been found and commissioned in two districts, with three more left before foreclosures can be held, while some 30 auctioneers have also been appointed by the Land Registry director to run auctions for foreclosed properties, it emerged on Tuesday. Unnamed banking sources cited by daily […]

By Maria Gregoriou On Saturday get involved in some Yin Yoga and some drumming at the Vedanta Yoga Centre in Limassol. Let your body get lost during this workshop, flowing from one pose into the next to some drumming and vocal sound vibrations. In Yin Yoga poses are held for longer periods of time than […]

By Joseph Nasr Three members of the defunct radical leftist Red Army Faction carried out a failed armed robbery last year to finance their life on the run, German prosecutors believe. The two men and one woman have been in hiding since the group disbanded in 1998 after decades of violence against businessmen and government […]

More than 100 mayors from the wider area have been in Nicosia for the last two days to discuss improving co-operation between the EU and the rest of the Mediterranean region. Tackling common challenges was also addressed during the 7th plenary session of the Euro-Mediterranean Regional and Local Assembly (ARLEM), hosted by Nicosia Municipality on […]

By David Lawder The International Monetary Fund cut its global growth forecasts for the third time in less than a year on Tuesday, as new figures from Beijing showed that the Chinese economy grew at its slowest rate in a quarter of a century in 2015. To back its forecasts, the IMF cited a sharp […]

By Lawrence Hurley The US Supreme Court on Tuesday agreed to hear President Barack Obama’s bid to resurrect his plan to shield more than 4 million illegal immigrants from deportation, a unilateral executive action he took in 2014 to bypass the Republican-led Congress. Obama’s action was blocked by lower courts after Texas and 25 other […]

By Stelios Orphanides Following the lifting of sanctions against Iran after the verification of the latter’s compliance with the terms of a nuclear deal struck in July, Cyprus is about to welcome two Iranian shipping companies, two sources familiar with the matter said. The National Iranian Tanker Company and the Islamic Republic of Iran Shipping […]

Two secret service (KYP) officers were jailed for six months each by the Larnaca court on Tuesday after being found guilty of taking bribes in the Dromolaxia land scandal. The sentences handed to Sergeants Costas Miamiliotis and Lefteris Mouskos will date from January 17, the Cyprus News Agency reported. A request to suspend the sentence […]

By Nick Mulvenney THE more familiar shock of falling seeds added to the ructions caused by allegations of tennis corruption as former champion Rafa Nadal and highly-fancied Simona Halep both departed in the first round of the Australian Open yesterday. Nadal arrived at Melbourne Park with high hopes of arresting his recent grand slam decline […]

By Madeline Chambers A group of conservative lawmakers urged Angela Merkel to reverse her open-door refugee policy as a poll showed a slide in support for her bloc on Tuesday, raising the stakes for a German chancellor exposed by deep rifts in her right-left coalition. With three closely watched regional elections looming in March, Merkel […]

The government is looking into applying to make Turkish, which is one of the island’s two official languages along with Greek, an official language of the European Union, reports said on Tuesday. Turkish Cypriot newspaper Havadis said President Nicos Anastasiades has instructed bureaucrats to look into the procedure that has to be followed for an […]

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By Bejay Browne PAPHOS has been hit by high winds and heavy rain but the town has escaped major damage, according to the local fire services. “There have been a number of minor instances and two trees falling due to the high winds, but thankfully nothing like the damage experienced during previous periods of stormy […]

By Laurence Frost and Gilles Guillaume Renault said on Tuesday it planned a software upgrade to cut nitrogen oxide (NOx) pollution from its diesel engines, which have come under fire for their relatively high emissions in the wake of the Volkswagen test-rigging scandal. Following VW’s exposure last September for using software ‘defeat devices’ to cheat […]

One doctor was physically assaulted and several nurses were verbally abused on Tuesday morning at the emergency room of the Larnaca General hospital, when a mentally disturbed young man had an uncontrollable fit of rage while waiting to be examined. According to eye-witness accounts, the man lost his self-control with no apparent reason shortly after […]

The animal party on Tuesday called on civil aviation to do something about the plethora of drone cameras people were using at the Larnaca Salt Lake to photograph flamingos up close. Thousands of people have flocked to the salt lake in recent weeks to witness the influx of the migratory bird. “Some of them tried […]

The government on Tuesday signed a two-year extension with the ENI-KOGAS consortium for exploration of blocks 2, 3 and 9 within the island’s exclusive economic zone (EEZ), it announced. “Within the next two years, the consortium will conclude studies aiming at better evaluating and recalibrating the geological model of the region, in order to identify […]

By Alix Norman How often does the internet go crazy over a piece of furniture? Pause. Well, never in my memory, certainly. Online sensations of the past year have included cats and cucumbers, liquored up grandmas and even the odd politician’s hairpiece (you know who I mean). Furniture, however, has been noticeably absent from the […]

President Nicos Anastasiades departs on Wednesday for Davos, Switzerland, to participate in the World Economic Forum and hold meetings on the sidelines related to the Cyprus issue, economy and energy, the presidential palace said on Tuesday. According to the announcement, on the sidelines of the Forum, Anastasiades will meet UN Secretary General, Ban Ki-moon and […]

By Stephanie Nebehay An estimated 3,500 people, mainly women and children, are believed to be held as slaves in Iraq by Islamic State militants who impose a harsh rule marked by gruesome public executions, the United Nations said on Tuesday. The militant group, which also controls large parts of neighbouring Syria, has committed widespread abuses […]