090 operators claim CyTA driving them out of business

COMPANIES operating 090 numbers are accusing the Cyprus Telecommunications Authority (CyTA) of squeezing them out of the market and plunging them into bankruptcy ahead of the planned market liberalisation in January 2003.

Colonel acquitted in ‘paramilitary’ case

A NICOSIA court yesterday acquitted an army Colonel charged with leaking military documents relating to an alleged clandestine group monitoring the political persuasions of army officers for governing DISY.

CY considering bid for Olympic stake

CYPRUS Airways (CY) may bid for between 10 and 30 per cent of Greek national carrier Olympic Airways, the airline’s chairman said in an interview published yesterday.

Turkey grants $350 million in aid to the north

TURKEY yesterday unveiled a $350 million, three-year aid package to boost the economy of the occupied areas.

The aid will go towards developing light industry, tourism and higher-education institutions, Turkish State Minister Sukru Sina Gurel said.

BoC launches Internet banking services

THE BANK of Cyprus (BoC) yesterday announced the launching of its Direct Banking services for customers wishing to use the bank’s services via Internet, WAP or telephone.

Fanieros jailed for five years

LARNACA club owner Antonis Fanieros, 57, was yesterday sentenced to five years imprisonment for his part in a scam to cash £143,000 worth of someone else’s shares.

His accomplices, Vryssoules businessman Christos Hartoumbalos, 32, and lorry driver Petros Georgiou, 31, also from Vryssoules, were sentenced to five and three years in jail respectively.

Government pledges Nemitsas tests by end of the month

THE GOVERNMENT has still failed to approve medical tests on the populations of Omonia and Zakaki to discern whether there is a link between ill health and fumes from the nearby Nemitsas foundry, despite the fact that only one tender is on the table, from a London-based group of experts with a proven track record.