Inflation hits five year high

INFLATION hit a new five-year high of 5.5 per cent high year on year in June as a result of more hikes in fuel, electricity and bread, the Statistics Department announced yesterday.

Food went up 7.69 per cent since June 2007. Housing, water, electricity and gas rose 7.77 per cent, transport costs 7.39 per cent, and restaurants and hotels 9.15 per cent.

Deputes beg oil companies to reconsider private stations

A DECISION by oil companies to open their own private outlets and open them during the summer holidays where other stations traditionally close down, was yesterday at the centre of discussions at the House Commerce Committee.

Way cleared for talks

THE WAY was cleared yesterday for full-fledged negotiations on the Cyprus issue when a major concern of the Greek Cypriot side was addressed and agreed in principle between the two leaders.

Annual stench settles on blighted Achelia residents

RESIDENTS OF Achelia in Paphos are once again having to deal with disgusting odours and numerous flies from the wastewater treatment plant, SABA, close to their homes.

As summer temperatures rise, so do tempers as villagers face the annual stench and thousands of buzzing flies that emanate from the site.

Measures to support Co-ops if interest rates rise

FINANCE Minster Charilaos Stavrakis met yesterday with Co-Op bank leaders who are concerned about a possible flight of deposits if Europe increases interest rates this week.

The Co-Ops, which hold 25 per cent of the banking market, are also concerned that inflation will result in people being unable to meet their loan payments.

‘Personal data is being exploited by political youth movements’

NEW UNIVERSITY entrants are being bombarded with SMS from political parties before they have even enrolled, a move some groups have condemned as a gross violation of privacy.

The Green Party yesterday strongly condemned the “vehement violation of personal data” of new students at the University of Cyprus by student political movements.