Study shows that life in Berlin is cheaper than Cyprus

According to an article in today’s issue of Phileleftheros newspaper, a German study shows that there is a significant difference in the prices of necessities and services between Cyprus and Berlin. Even though according to ...

Unpaid electricity bills

EAC general manager Mr Stelios Stylianou spoke on a local radio station yesterday. He noted that due to the banking system pause the past couple of weeks almost no one payed their electricity bills despite the fact that the registers were ...

Turkish Flag in Eleftherias square

A french man raised a turkish flag outside a Laiki bank (now Bank of Cyprus) branch at “Eleftherias square” in Nicosia today. The locals managed to disable him in their frustration and hand him over ...

Salary cuts for ministers

The Ministry council decided today to release the University, Local Authority (municipality) and Government deposits from the haircut! They also decided to decrease the ministers salaries by 20% including the 13th salary. The president Mr Nicos Anastasiades also authorized the government accountant to ...

Haircut on University research funds and public projects

The University of Cyprus has all its research funds, gifts, donations and scholarship funds deposited in Laiki and Cyprus banks (which are now merged to Bank of Cyprus). Information today says that the haircut will ...

Christopher Pissarides remarks on the Cyprus bailout

Nobel prize winner and member of the Cyprus Economic Council, Christopher Pissarides writes his remarks about the Cyprus bailout in an article in the Financial Times He explains that Cyprus does not have the same ...

Second memorandum or not?