Archive for June, 2012

Ancient Greek solution for debt crisis

What advice would the ancient Greeks provide to help modern Greeks with their current financial worries?

1. Debt, division and revolt. Here’s the 6th Century BC news from Athens.

In the early 6th Century BC, the people of Athens were …

UK interest rates left unchanged

The Bank of England has once again left UK interest rates unchanged at 0.5% and announced no expansion to its quantitative easing (QE) programme.

QE is the Bank’s scheme which aims to boost the economy by buying bonds. The stimulus …

Kiosk robbed in Larnaca

A HOODED man threatened kiosk staff at knife point shortly before nabbing around €200 in the early hours of yesterday morning in Larnaca. At around 1am, the man approached the cashier, holding a knife, grabbed the money from the till …

Larnaca: Driver, 18, killed

Haris Drakos, 18, died in the early hours of Thursday when his car was involved in an accident on the Pervolia-Kiti road as he drove home to Pervolia.
His vehicle collided with another driven by his friend Andreas Andreou, also …

7th June 2012

7th June 2012…

Right wing Politician throws punch at Greek MP on live TV

An early morning Greek talk show erupted into violence when a member of the extreme right wing Golden Dawn party punched Communist MP Liana  Kanelli.
Elias Kasidiaris had thrown a glass of water over Rena Dourou, an MP for the …

Struggle for justice in Cyprus will continue

Irrespective of difficulties and obstacles, the government will continue the struggle to bring justice to Cyprus, Government Spokesman Stefanos Stefanou has stressed.

Stefanou, who was addressing the Conference of the International Coordinating Committee “Justice for Cyprus” (PSEKA) in Washington on …

Revenues from Cyprus Tourism down by 16.1% in April 2012

Revenues from tourism in Cyprus declined by 16.1% in April 2012 to 114.6 million euro compared with 136.7 million in April 2011, figures released by Cyprus Statistical Service (CyStat) show.

According to CyStat, total tourists arrivals in April 2012 were …

Thousands flock to see pop star Peter Andre in Nottingham

Each winning couple received a £500 gift card to spend at the centre, with more than 500 people applying to take part.

Lawrey Corr, 24, of Colwick, who won a competition with the Nottingham Post to meet Peter Andre, said …

Transfer of business to Bank of Cyprus UK Limited

Bank of Cyprus announces that its proposal to transfer its UK banking business to a UK subsidiary has been agreed in principle by the Financial Services Authority.

Subject to the Financial Services Authority formally authorising the subsidiary, Bank of Cyprus …