Foreign bond issue a huge success

“Vote of confidence in Cypriot economy”

CYPRUS’ first foreign bond issue since 2004 was a huge and unprecedented success “in a really uncertain economic climate”, and is a “vote of confidence in the Cypriot economy and our economic policy”, Finance Minister Charilaos Stavrakis announced yesterday.

NHS plan has insurance companies worried

THE CYPRUS Association of Insurance Companies (CAIC) yesterday expressed concern over the reported absence of transparency and open dialogue in the drafting of a national health bill in Cyprus.

The CAIC also questioned the estimated cost of a plan that is based on a study conducted in 2002.

Strike threat by UK airline could cause holiday misery

A BRITISH airline preparing to ferry thousands of tourists to Cyprus this summer could be forced to cancel holiday flights.

Low-cost carrier Monarch Airlines, which flies to both Paphos and Larnaca, faces industrial action at the height of the tourist season in July.

Lazy postman fails to deliver

A YOUNG postman from Nicosia has landed himself in some hot water after failing to deliver countless letters, because he couldn’t be bothered.

The Postal Services have launched an investigation into the case, after it emerged that the postman in question – a contract worker – was dumping the letters at his home instead of delivering them.

Shakalli denies entry to 300 foreign students

THE PANCYPRIAN Association of Private Higher Education Institutions (PASISTE) yesterday blasted the move on the part of the Immigration Service to deny visas to 300 students who applied to colleges and universities in Cyprus.

Paphos American Academy may be forced to close

ANXIOUS parents are concerned over the possibility of the American Academy of Paphos being forced to close.

Bureaucracy and red tape has meant that the school is still waiting for a licence, five years after it originally applied.

Young Greens call for reduction of age restriction to run for Euro elections

CYPRUS IS one of the three countries in the EU where MEP candidates must be at least 25 years old to be eligible to run for the European Parliament elections, while the minimum age requirement in the majority of EU states is 18.

The Young Greens yesterday voiced their opposition to this requirement, which they called discriminatory and asked for the age limit to be reduced to 21.

Cypriot comedy pair through to talent final

THE UNLIKELY father-son combination of Greek and Irish dancing from Greek Cypriots Demetris and Laki Demetriou, aka Stavros Flatley, won the UK’s phone vote to go through to the final of Britain’s Got Talent on Saturday where they will compete with singing sensation Susan Boyle..