BUSINESSES said yesterday they stood to lose hundreds of thousands of pounds in lost revenue from the truck drivers’ strike, with contractors warning the indefinite protest could see thousands of builders laid off within days.
Carrefour head of imports Kyriakos Choraides said it was only a matter of time before the international hypermarket chain was affected by the strike.
Sir,
What a farewell was given at the departure area of ‘Paphos International Airport’ this morning.
A MEETING was held between political parties and the government yesterday on the opening of the Ledra Street crossing under the auspices of House President Demetris Christofias.
The parties exchanged views on the next steps as regards opening the street to pedestrian traffic, which is currently under indirect discussion with the Turkish Cypriot side through the UN.
THE SECURITIES and Exchange Commission (SEC) late last night ordered Marfin Popular Bank to cease and rescind its buyout offer for Bank of Cyprus and Greece’s Piraeus, apparently putting a damper on plans to set up a banking giant in the region.
FINANCE Minister Michalis Sarris yesterday voiced reservations over Marfin’s takeover bid for the Bank of Cyprus, the outcome of which many predict will be decided on the political level rather on purely economic criteria.
CYPRUS’ ambitions of adopting the euro in January 2008 are on track with the economy performing better than expected and the budget deficit falling, President Tassos Papadopoulos said yesterday.
FARMING organisations yesterday warned the Agriculture Ministry that serious social problems could arise from threatened water cuts for the sector.
A NICOSIA tavern owner yesterday hit back at rumours that her restaurant had been involved in settling a gambling debt in the occupied areas.
Irenia’s Tavern owner Niki Paraskevopoulou said: “I don’t know where this rumour started or why but they are completely unfounded.”
THE government is set to ratify a bill which introduces stricter punishments for young drivers who break the law, as well as giving police the right to detain vehicles.
CYPRUS police were last night looking into an incident in which an 18-year old was found injured in a car accident on the Yeri road but whose injuries were not the result of the accident.
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.
