THE GOVERNMENT intervened to talk up the bourse yesterday in an effort to arrest the slide that has seen 40 per cent shaved off prices since the market hit dizzying highs last November.
SHARES heaved themselves off the floor of the market yesterday, rebounding 1.75 per cent in an across-the-board rise led by insurance firms, one of the casualties of this week’s slump.
ANTONIS FANIEROS was remanded in custody for eight days yesterday on suspicion of forgery involving tens of thousands of Louise Cruise Line and Bank of Cyprus shares.
DIKO AND House president Spyros Kyprianou yesterday returned to Cyprus after almost five weeks overseas for corrective surgery following an open-heart operation, and immediately launched into an attack on the government’s Cyprus problem policy.
THE THIRD round of UN-led proximity talks due to take place in New York next month is "especially important", the government said yesterday.
Spokesman Michalis Papapetrou said the third round was important because it would reveal the future of the talks process.
THE TURKISH occupation regime wants Cyprus Commerce, Industry and Tourism Minister Nicos Rolandis to liberalise tourism between the free areas and Turkish-occupied northern Cyprus.
The call was made yesterday by Mustafa Akinci, ‘state minister and deputy prime minister’, in a front page story in the Turkish Cypriot newspaper, Kibris.
THE CIVIL disorders in Limassol this week, involving Greek and Turkish Cypriots and Gypsies from the occupied north, had nothing to do with the nationality or ethnicity of those involved, Government Spokesman Michalis Papapetrou said yesterday.
RUHAMA Tzur, wife of Israeli ambassador Shemi Tzur died late on Thursday night after a long battle with cancer. She was 53.
Mrs Tzur came to Cyprus in 1993 with her husband when he was posted here as ambassador.
DOMESTIC exports fell to £215.2 million in 1999 compared with £221.3 million in 1998, latest statistics released yesterday show.
Industrial products of domestic products exported during 1999 accounted for £167.8 million, or 81 per cent, compared with £171.1, or 80.3 per cent in 1998.
The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.
