THE DECISION to move Marfin Popular Bank (MPB) out of Cyprus had been in the pipeline for over a year and “didn’t just come out of the blue”, a well-informed source told the Cyprus Mail yesterday.
BANK OF Cyprus (BoC) will cut its base mortgage rate by a full one per cent to 4.25 per cent in early June “as a first step in the gradual de-escalation of our interest rates,” BoC CEO Andreas Eliades announced yesterday.
MARFIN Popular Bank’s (MPB) merger with Marfin Egnatia Bank (MEB) and the headquarters moving to Greece would not have a significant impact on the island’s economy, Finance Minister Charilaos Stavrakis said yesterday.
IT WAS confirmed yesterday that Marfin Investment Group (MIG) Executive Vice-Chairman Andreas Vgenopoulos met Central Bank (CB) Governor Athanasios Orphanides last Friday, to inform him verbally of the plan to move the banking group’s headquarters to Greece.
‘It’s a moment I’ll remember for the rest of my life’
EXHILARATED APOP-Kinyras Peyia FC, fans are still celebrating their team’s historic win of the Cypriot cup, days after the 2-0 match against AEL Limassol.
LATSIA residents yesterday blocked access to a factory they claim is releasing carcinogenic dichloromethane into the air for a second day. The residents believe pollution from the shoe factory has contributed to the death of eight locals.
A 17-YEAR-OLD Nicosia girl who was reported missing on Thursday returned home at the weekend, police said.
Sofi Evripidou returned home on Sunday afternoon alive and well. The Strovolos lyceum student had been reported missing last Thursday. Her mother notified Nicosia CID when the teenager returned.
A LIMASSOL family was yesterday plunged into grief as they buried their five-year-old daughter who killed by a falling marble flowerbox in their garden at the weekend.
Sofia Demetriou from Ayios Athanasios died en route to Nicosia general hospital on Sunday afternoon after suffering severe head injuries when a marble flowerbox fell from the balcony on her head, police said.
A 16-YEAR-OLD girl was yesterday fighting for her life at Larnaca general hospital after she and a friend were knocked down while trying to cross the road, police said.
Christina Tsougnego and Stavroula Constantinou were run down as they tried to get across Faneromeni Avenue at around 9pm on Sunday. Only metres away there was a level crossing, reports said.
THE MOVEMENT of Refugee Mothers will be taking their fight to the European Court of Human Rights (ECHR) seeking redress for discrimination against them by the Republic of Cyprus.
“We are not begging for anything. We are not second-class citizens…we want equal treatment for our children,” Markella Isaiah, head of the movement, told newsmen 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.
