BANKS yesterday warned of dire consequences to the economy if debtors followed controversial advice from House Watchdog Committee Chairman Christos Pourgourides that they halt repayment on “illegal” investment loans issued during the 1999 stock market bubble.
PHILELEFTHEROS: “Preparations for another truckers’ strike” More talks are scheduled for next Monday between the truckers and Communications Minister Kikis Kazamias to solve the problem of the new law abolishing the issue of ‘A’ licences to truckers. It is unknown if truckers will go on strike again as Kazamias has yet to meet their demands.
THE CHAIRMAN of the House Watchdog Committee, Christos Pourgourides, on Thursday publicly called on all people who had taken out investment loans during the period of the big stock exchange bubble to stop making repayments, if they had not already paid them off.
WORKS for the construction of a new state-of-the-art rubbish site in Paphos, to meet with EU standards, are set to begin by the end of the Year, the Paphos District office confirmed yesterday.
POTATO farmer shave issued the government a one-month ultimatum to meet their demands or face industrial action which could include blockades of major roads with tractors. Representatives of farming organisation met in Liopetri on Thursday night to discuss the current situation in the potato industry.
KIOSK and bakery owners yesterday lashed out at supermarket chains seeking to form an association to stop them from selling groceries.
TWENTY-nine Israelis on their way to gambling holiday in the occupied areas were yesterday deported on the same plane they had flown in on only hours earlier. The group arrived at Larnaca airport at 9.45pm on Thursday night and told immigration authorities they would be staying at an Ayia Napa hotel.
LAUNDRY workers from the Nicosia General Hospital and Psychiatric Services in Athalassa staged an impromptu two-hour strike yesterday against plans to privatise the laundry service in state hospitals. Around 80 workers from the two hospitals gathered outside the House of Representatives to demonstrate against government plans to pass laundry services on to the private sector.
DURING the next few weeks, the Ministry of Commerce will present the Cabinet with its new plan to offer subsidies for renewable energy sources and to encourage consumers to use renewable energy.
CYPRUS Airways is urgently looking at ways to cut costs in the face of mounting losses and looming liberalisation of its most profitable routes.
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.
