Kyprianou: ‘I thought long and hard about decision to stand down’

DIKO Chairman Spyros Kyprianou yesterday insisted his decision not to run for the party’s presidency had not been taken at the last moment.

Speaking on Sunday at Diko’s constitutional conference, Kyprianou announced his decision not to stand again for the post he has held for 24 years when it goes to the vote in June.

Local investors ignore the global bloodbath

LOCAL shares were oblivious to the bloodbath on international equity markets yesterday as they edged 0.8 per cent lower in a mixed performance where cement stocks ended at limit-up, buoyed by reports the government had approved increases in the retail price of cement.

Denktash and Eroglu prepare for round two

Jean Christou

TURKISH Cypriot leader Rauf Denktash topped the first round of voting in Saturday’s ‘presidential’ elections but failed to secure the 50 per cent he needed to beat ‘Prime Minister’ Dervis Eroglu in the first round.

Government prepared to discuss tax reform once VAT increase passed

THE Government is ready to begin dialogue on tax reform after VAT is increased, Finance Minister Takis Klerides said yesterday.

He was speaking after a meeting with the trade unions, whom he briefed on the government’s proposed tax breaks to offset the imminent two per cent rise in VAT.

Woman in solitary protest against smoking

A WOMAN yesterday started demonstrating outside the House of Representatives, warning she would go on hunger strike if the law prohibiting smoking in public places was not put into practice.

Andri Olympiou has quit her managerial position at an offshore company because she could not stand her colleges smoking in the office.

Fire destroys repat’s belongings

A fire at the back of a moving truck yesterday destroyed the belongings of a newly repatriated family.

The owner who recently moved back to Cyprus from South Africa could not believe his bad luck as he watched helplessly while fire fighters tried trying to put out the fire.