Eroglu pulls out of election in the north

2000-04-20

DERVIS Eroglu, >Prime Minister= of the breakaway regime in the north, yesterday pulled out of the >presidential

Easter in Cyprus draws more and more Britons

2000-04-20

TOURIST bookings from the UK for Easter are up 90 per cent over the holiday period last year, according to the latest statistics.

Many of the island’s hotels also report being almost fully booked for Easter and many are not advertising weekend breaks because they have no available capacity.

BoC plans bonus issue and Kermia spin-off

2000-04-20

THE Bank of Cyprus said yesterday it planned a bonus issue for shareholders and that it also intended to spin off its property flagship Kermia.

The bank, Cyprus’ largest, also unveiled plans to create a venture capital firm in Cyprus and set up a mutual funds company, ahead of legislation on the matter expected to be passed by parliament soon.

Market volumes swell to six-month highs

2000-04-20

TRADING volumes swelled to six-month highs on the equity market yesterday on strong buying interest from institutional investors who hopped from banking to smaller capitalised stocks in alternate profit-taking to speculative buying.

Cyprus takes a dusting

2000-04-20

CYPRUS was shrouded in a thick cloud of African dust yesterday as sand storms whipped across Egypt and Libya.

Paphos was one of the worst affected areas on the island, with visibility at one stage yesterday morning so poor that three incoming flights from the UK had to be diverted to Larnaca, because conditions were too bad to land.

4,423 traffic violations

2000-04-20

SIXTY-six people were injured in 132 accidents island-wide during the week ending April 9, police said yesterday.

During the same period police reported 4,423 traffic violations, while the courts tried 430 traffic-related cases.

Twenty-one drivers lost the right to hold or obtain a driver’s licence while ,32,976 was paid in fines.

Logosnet sells 51% to Greek group

2000-04-20

LOGOSNET Technologies yesterday announced it had sold 51 per cent of its shares for ,4 million to Com-ToNet SA, a Greek group which is said to be the largest in the field of Internet solutions in Greece.

Civil servants are promoted ‘as a matter of course’

2000-04-20

CYPRUS’ public service was yesterday dubbed dysfunctional by the president of the Public Service Committee.

Presenting the committee’s report, Andreas Kalogeorgis said that Cyprus’ public service faced two serious problems — promotions taking place as a matter of course and the process by which new public servants were employed.

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.