OUTGOING Anorthosis chairman Andreas Panteli was released from police custody late last night without being charged, after detectives swiftly wrapped up their probe into allegations of financial irregularities at the football club.
SCULPTOR Nikos Kotzamanis is due to fly to Cyprus over the next few days to assist in the relocation of the colossal Archbishop Makarios statue.
THE FINANCE Minister yesterday described the 2009 budget as “a balanced, sensitive and high social development budget”.
The budget, the first for the new government, was prepared before the global crisis hit and is categorised into ‘three pillars’.
THE EUROPEAN Court of Human Rights (ECHR) yesterday dismissed Turkey’s appeal in the Demades case and called on Ankara to pay over €800,000 in compensation.
THE RATE of inflation in Cyprus dropped to 3.43 per cent in November 2008, reaching its lowest level for the current year, from 5.2 per cent in October due mainly to the fall in fuel prices.
THE RATE of inflation in Cyprus dropped to 3.4 per cent in November 2008, reaching its lowest level for the current year, from 5.2 per cent in October due mainly to the fall in fuel prices.
A GROUP of land developers yesterday staged a demonstration at the Ayios Nikolaos roundabout in Limassol, protesting against the increased interest rates on loans imposed by Cypriot banks.
The demonstrators called the government and the Central Bank to take measures in order to address the economic crisis which they said would result from the decision to raise interest rates.
A SMOKING law offering businesses the ability to maintain separate smoking areas would lead to serious discrimination between small and big establishments.
CYPRUS’ Unit for Combating Money Laundering (MOKAS) yesterday denied claims that it has refused to co-operate with its counterpart in Greece in investigating the Vatopedi scandal.
The 1,000-year-old Vatopedi monastery is accused of cheating the Greek government out of millions by underhandedly swapping cheap land for prime real estate.
NEXT year will be difficult for the economy because global forecasts are bleak, Finance Minister Charilaos Stavrakis said in his budget speech to parliament yesterday.
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.
