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CyTA boss says outside interest in loan proposal
Author: Poly Pantelides THREE institutions from abroad have displayed an interest in a proposal by semi-state companies (SGOs) to secure a €1.4 billion loan in order to avoid being privatised as part of Cyprus’ €10 billion bailout, the telecommunications company (CyTA) chairman said yesterday. Stathis Kittis previously proposed that CyTA, the Electricity Authority (EAC), and the Ports Authority (CPA) could mortgage the SGOs’ property and come up with the same amount the troika said could be raised through privatisations. Kittis told state broadcaster CyBC yesterday that three bodies – two hailing from the UK and one from the US – were ...
New parole board sworn in
Author: Poly Pantelides THE MEMBERS of a new parole board were sworn in yesterday, 11 months after the previous board’s tenure expired, leaving dozens of convicts hanging because there was nobody to examine their applications. Chairman and former judge Philippos Charalambous, and members Giorgos Demetriades, Evaggelos Anastasiou, Giorgos Mavrolefteros and Marios Argyrou were sworn in at the Presidential Palace in the presence of President Nicos Anastasiades. “I can definitely say that this is a very delicate (task) because approving or rejecting any application for parole ...
Police gear up for cup final
Author: Peter Stevenson TWO POLICE vehicles and a shop window were damaged in Nicosia by APOEL fans on Saturday after the Anorthosis vs. APOEL match, police said. According to reports, at around 7.20pm on Limassol Avenue in Nicosia, 30 APOEL fans with covered faces attacked officers by throwing rocks, firecrackers and Molotov cocktails at them while they were on duty in the area. Two APOEL fans then allegedly threw a rock, breaking the windscreen of a patrol car and then threw an object which they had lit, into the car, setting it on fire. The Fire Service was called to ...
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