THE GOVERNMENT yesterday officially transferred its £22.6 million majority share holding in the Nicosia Hilton to the Louis Tourist Agency.
Finance Minister Takis Klerides signed the documents turning over the 2.44 million shares to Louis Executive Chairman Costakis Loizou as a pleased Commerce Minister Nicos Rolandis looked on.
THE government will have to pay fuel companies another £14 million in subsidies to meet its commitment to cover 60 per cent of oil price increases, Commerce Minister Nicos Rolandis said yesterday.
Consumers are burdened with the remaining 40 per cent in the form of higher pump prices.
CYPRUS Airways (CY) could be operating direct flights to the US by the end of next year, Commerce Minister Nicos Rolandis said yesterday.
Speaking after a meeting with CY chairman Haris Loizides, Rolandis said attracting American tourists was a priority for both the government and the airline.
A TURKISH Cypriot banker involved in a financial scandal crippling northern Cyprus has fled to the government-controlled areas, saying his life was in danger.
ONE in four Cypriots — 178,000 people — owns a mobile phone, according to latest figures from the department of statistics.
And 81 per cent of households have at least one car, while seven per cent have three or more, the report for 1999 said.
AN INTRODUCTORY statement made by UN Secretary General Kofi Annan at the fourth round of proximity talks in New York referring to the "political equality" of the Greek and Turkish Cypriots, has unleashed a tide of controversy and anger in the Greek Cypriot camp.
By Martin Hellicar
HOMOSEXUALITY charges are to be answered by Bishop Athanassios of Limassol following a shock decision of the Holy Synod yesterday which ordered him to appear before a committee of inquiry.
By Jean Christou
OVER 250 Iraqi immigrants, mostly women and children, were rescued from a sinking trawler off Paphos yesterday afternoon, police said.
By Jean Christou
PROXIMITY talks in New York failed to get off the ground yesterday after the government took offence to a UN statement on the equality of the two sides and refused to meet envoy Alvaro de Soto.
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.
