Cyprus Mail www.cyprus-mail.com
Tuesday, April 2, 2013
Former Laiki chief demands end to mud-slinging
‘Landmark India drug ruling will benefit destitute’
Ba books Chelsea’s FA Cup trip to Wembley
President denies family bank tip-off Crisis probe will investigate me too, says Anastasiades By George Psyllides
RESIDENT Nicos Anastasiades yesterday denied that money transferred out of Cyprus by some of his relatives just before a controversial EU decision to raid bank deposits took place because he had given them advance warning of a haircut on savings. “I never knew, and it was never possible for me to wage war until Saturday morning [March 16] to avoid what they imposed on us and at the same time supposedly tip-off people,” Anastasiades said yesterday. He said that the threemember investigative committee set up to probe the banking sector and possibly allocate civil, criminal or political responsibility for Cyprus’ ﬁnancial crisis will also be instructed to investigate himself and his family. Earlier, Anastasiades said the effort to vilify companies or people linked with his family were an attempt to divert public opinion away from the real culprits of the island’s economic woes. He was responding to reports in Sunday’s issue of Haravghi, the mouthpiece of former ruling party AKEL, that a company belonging to Anastasiades’ daughter’s parents-in-law, A. Loutsios and Sons Ltd, had transferred some €21
million from its bank accounts in Laiki just days before the Eurogroup decided to raid people’s deposits on March 16. There were transfers on March 12 and 13 but also on March 1, the newspaper said, suggesting the family had been warned of what was coming. It also claimed that the in-laws of Anastasiades’ daughter, Andys and Katia Loutsios, had withdrawn an additional €24 million on January 29 - when AKEL’s Demetris Christoﬁas was still president. The Loutsios family denied the claims, describing the report as a “malicious” and deliberate effort to politicise fully legal economic activities having nothing to do with the newspaper’s allegations. In a written statement on Sunday, the family said it had a total of €46.7 million in deposits, excluding €4.0 million in Cypriot bonds. “It should be noted that the total of the amounts in question stem from profits and revenues that have been taxed accordingly and nothing is owed to the state,” the family said. Seeking to put the story straight, the family said it had transferred €10.5 million from Laiki to the Bank of Cyprus - in Cyprus - and an additional €10.5 million was transferred to Barclays PLC in London.
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Donations came ﬂooding in at charity concert in Nicosia yesterday FULL STORY PAGE 4
Perfect timing as swans deliver Easter egg surprise A CLUTCH of Easter egg surprises appeared overnight at the world’s only managed colony of nesting mute swans. Two pairs of swans ﬁttingly chose the Easter bank holiday to produce the ﬁrst eggs of 2013 at the popular Abbotsbury Swannery in Dorset. Two eggs, each in a different nest, were laid some time overnight and are likely to be the ﬁrst of around a dozen in each nest. A long established legend at the swannery has it that the hatching of the ﬁrst cygnets marks the ﬁrst day of summer. But incubation of the eggs, over a period of 35 days, only begins when the
last egg in the clutch has been laid. The birds are then fed wheat up to three times a day while raising their young. Dave Wheeler, a swanherd at the centre, said the majestic birds have so far stayed true to the old adage that swans mate for life. One pair, born at the swannery in 2004, are nesting together again this year and eggs are being laid for their ﬁfth consecutive time. “The weather has been so bitterly cold this year that we wondered if the eggs would be a little bit delayed,” said Wheeler.
“But the end of March or beginning of April is quite normal for the ﬁrst eggs to appear.” Both nests are situated close to each other and the eggs are easily seen by visitors to the attraction, which is open seven days a week. John Houston, swannery general manager, said: “It’s quite magical to glimpse the egg under the pen (female swan) so today’s a good day for people with season tickets to come down. “It’s ﬁtting that the ﬁrst eggs were laid at Easter time and spotted on 1 April. For us, British Summer Time has come just that little bit closer.”
Tuesday, April 2, 2013 CYPRUS MAIL
Home PICTURE OF THE DAY
TODAY: Mainly clear and sunny. Temperatures will reach 27C inland and in the south and east, 24C in the west and 17C over higher ground OUTLOOK: Becoming more unsettled, with rain forecast from Wednesday YESTERDAY:
Max Temp Nicosia 28 Larnaca 25 Limassol 25 Paphos 27 Paralimni 26 Prodromos 21
Min 14 16 17 18 16 16
Humidity 47% 68% 71% 74% 48% 32%
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Air quality in Cyprus is assessed with the aid of a network of nine advanced monitoring stations. Data is recorded hourly. Information provided by the Air Quality Section of the Department of Labour Inspection (DLI)
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For a full list of exchange rates, see page 12
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St. Tel: 25369444, 25366653 (H) E. P. Terides, 37 Omonia Ave. Tel: 25567526, 25714469 (H) M. Kodjamani 9 Spyrou Kyprianou Tel: 25336337, 25107742 (H) LARNACA Despo Theodosis, Lordou Vyronos & Gladstonos 1, Tel. 24622522, 24720083 L. Lambrou, 32, Rafael Santi, Tel: 24662044, 24342157 (H) PAPHOS S. Varnavidou, 62B N. Nicolaides Ave. Tel: 26943424, 26949727, (H) PARALIMNI I. Pittatzis, 7 Ay. Georgiou St. Tel: 23822577, 23827058 (H)
A senior employee (centre) of Japanese shoe cream maker Columbus, polishes the shoes of a newly-recruited employee during an entrance ceremony at the company’s headquarters in Tokyo yesterday (AFP)
QUICK CROSSWORD 2354 Across
1 Fight (5-2) 7 Narcotic drug (6) 8 Upside down (7) 10 Ancient language (5) 11 Promoting health (8) 13 Accelerate (3) 14 Herb (4) 15 Cold colour (4) 16 Relatives (3) 18 Gigantic statue (8) 20 Hindu kingdom (5) 22 Greeting (3-4) 23 Pauper (6) 24 Completely (7)
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For cryptic crossword and answers to the previous quick crossword see page 21
ON THIS DAY APRIL 2 1972
34 years ago, Tuesday April 2, 1979
Having been labelled a communist in the red scare during the 1950’s, Charlie Chaplin returns to the United States for the ﬁrst time since 1952.
The military command announced today that Israeli forces have captured a Cyprus-registered freighter in the Mediterranean carrying Palestinian guerillas on their way to a raid in Israel. Six guerillas and ﬁve crew members had been captured aboard the 500-ton Stefanie.
1977 In England, Red Rum wins the Grand National for the third time.
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WHAT THE MAIL SAID
The Falkland Islands, a British possession for 149 years, are invaded by Argentina on this day.
44 years ago, Thursday April 2, 1969 UN Security-general U Thant has sent identical notes to the governments of Greece, Turkey and Cyprus calling for a speeding up of the Cyprus local talks, CBC reported yesterday. The radio said U Thant made his appeal following pressure from countries contributing troops or ﬁnds to UNFICYP for an early Cyprus settlement.
54 years ago, Friday April 2, 1959 1986 A bomb believed to have been planted by Palestinian terrorists explodes on a TWA plane ﬂying over Greece, killing four people.
1989 Soviet leader Mikhail Gorbachev arrives in Havana to meet with Fidel Castro.
Two top-ranking EOKA men were yesterday included in the list named by Archbishop Makarios as proposed ministers in the provisional government. They are Antonios Georghiades, aged 26, EOKA’s second in command, and Polycarpos Yiorkadjis, 27, the Cyprus Houdini who escaped three times from detention and prison during the emergency. Nicos Kranidiotis, General Secretary of the Enthnarchy, will act as liaison ofﬁcer with the Greek government and later became the Cyprus Republic’s Ambassador in Athens.
CYPRUS MAIL Tuesday, April 2, 2013
New era proclaimed for BoC Measures to boost economy THE measures to restructure and recapitalise the Bank of Cyprus (BoC) have solidiﬁed its position as the island’s biggest lender, marking a new era, it said yesterday. “The restructuring and recapitalisation of BoC follows the decisions of the Eurogroup and aims at creating a well-capitalised, healthy and resilient bank, able to serve the needs of its customers and support the Cypriot economy,” BoC said in a statement. The lender has signiﬁcantly strengthened its capital position, minimised its exposure to the Greek economy and has access to European Central Bank liquidity, it said. The bank was recapitalised by bailing-in depositors - a deposit-to-equity conversion - that ensured BoC now has a core tier 1 ratio of 9.0 per cent, the statement said. Based on the Eurogroup decision, 37.5 per cent of deposits larger than €100,000 in the Bank of Cyprus will be converted to shares, and an additional 22.5 per cent will be frozen for up to 90 days but may be converted to
shares to be used for recapitalisation. The owners of those shares will have voting rights in the BoC’s general meetings and will have dividend rights, allowing them a share until they regain the amount converted into shares plus interest. If any part of the withheld 22.5 per cent is returned to depositors, they will then be given interest on their savings in arrears plus a small surcharge, the Central Bank has said. The remaining 40 per cent is also temporarily frozen but will continue to attract interest as normal. Deposits up to €100,000 will remain unaffected. BoC has taken over the insured deposits and majority of assets belonging to Laiki, which will be wound down. On Tuesday, when banks re-open, Laiki branches will belong to BoC but will be open to the public as normal. “The above major changes mark a new era for the Bank of Cyprus Group,” BoC said.
(See Editorial, page 13)
By George Psyllides THE government will soon approve measures aimed at boosting the crippled economy, that are expected to include casinos, fast-tracking permits for large projects, tax breaks, and relaxation of measures to encourage foreign investment. “I have already made some announcements but the essence of the measures will be decided by the cabinet,” President Nicos Anastasiades said yesterday. The president said the government’s drive would focus on incentives for growth. Anastasiades outlined the government’s intentions in an interview he gave on Sunday. The ﬁrst would be to fast-track permits concerning pending large projects, aiming to at least give the okay within 30 days. The government is also expected to advance the issue of creating casinos im-
mediately, something, which the previous administration refused to do on ideological grounds. Other measures could include tax breaks for those who re-invest proﬁts and relaxing measures to encourage foreign investment. It will also seek to get banks to agree on extending loans and lowering interest rates and give unemployed people a grace period in paying their instalments. Anastasiades said they were also looking to get employers and unions to agree that 70 per cent of their employees will be Greek Cypriots. The government was also trying to fully utilise EU funds for the employment of youths. It will also try to streamline allowances so that they go to those who really need them while an effort will be made to convince property owners to lower their rents in a bid to help struggling businesses.
Fighting for the best final terms Government prepares for final consultation with troika on Wednesday By Poly Pantelides HAVING inherited a mess of an economy that very nearly bankrupted the country, the government is now trying to extract the best possible ﬁnal terms of a bailout agreement with the troika of international lenders this week, the government spokesman said yesterday. “Having inherited an atomic bomb, the government managed to neutralise it and in doing so saved the country from total bankruptcy,” government spokesman Christos Stylianides told reporters yesterday after a Cabinet meeting. Stylianides said they were focusing on restarting the economy. Representatives of the Central Bank and Cabinet were due to meet last evening to ﬁnalise the government’s position ahead of a ﬁnal consultation with the troika expected on Wednesday, Stylianides said. “On Thursday the Eurogroup’s working group meets and everything needs to be complete,” Stylianides said. “What we are discussing now is not a new memorandum, but an extension of the one agreed with the previous government,” Stylianides said, referring to a draft agreement with the troika last November. A number of loose threads
President Anastasiades attending an EOKA Day parade yesterday before the Cabinet meeting need to be dealt with relating to the ﬁnancial sector in general, ﬁscal policy and the energy sector, Stylianides added. Stylianides said they thought “doable” the goal of freeing up the 40 per cent of deposits over €100,000 in the Bank of Cyprus that have been temporarily blocked. “We want to convince anyone who had anything to do with this locking-up (of the deposits) that a 40 per cent freezing
of capital cannot continue in businesses,” Stylianides said. He said they might manage to free up the amount, even as early as today, so that businesses could work normally. Depositors have already incurred an effective haircut of 37.5 per cent of their deposits over €100,000 and have had a further 22.5 per cent held up for up to 90 days – which may also be lost. The Chamber of Commerce and Industry (KEVE) has al-
ready warned that some businesses - losing the majority of their capital and unable to use the rest - would be unable to function. Asked by a reporter whether freezing the 40 per cent came from the government or from the troika, Stylianides said that “it was never the government’s (idea)”. “Unfortunately, the (40 per cent) was also frozen and businesses became unable to make use of their capital,” he
said. Stylianides said that the negotiating team also came together “on one basic axis” - that of securing provident (pension) funds in a complete way. Stylianides accused the previous government of cowardice and indecisiveness since last June when they formally requested assistance but also for the gradual worsening of state ﬁnances over “very many years”.
Although Stylianides said he could not yet say what the ﬁnal memorandum agreement would come to, he did say that they had secured an extension to the timeframe for when the government needs to start showing a surplus. The November memorandum states that the “authorities will achieve a surplus in the 2015 general government primary balance of at least EUR 489 million (2.7 per cent of GDP)”. Stylianides said that they had already secured a 2017 extension and were hoping to push that back by another year. “This will help in not having such suffocating measures, because the readjustment period will be extended,” Stylianides said. Stylianides did not respond to a question over any possible red lines when it came to Cyprus natural gas reserves. The aim, he said, was to improve things “even by a little”. The spokesman did say they were trying to keep job positions in education and for those working on an hourlyrate (he did not specify if he only meant the state sector). Party leaders were due to be briefed last night. The Central Bank was also expected to conﬁrm either last night or today a loosening of restrictions on capital controls for business transactions and the use of cheques.
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Tuesday, April 2, 2013 CYPRUS MAIL
Vgenopoulos demands an end to 17-month ‘slander’ Insists publication of three bank probes would clear his name By Stefanos Evripidou FORMER LAIKI (Popular) Bank chairman Andreas Vgenopoulos yesterday called on the Cypriot authorities to clear his name by making public all investigative reports into the banking ﬁasco which has brought the island to its knees. In a released statement, Vgenopoulos called for the immediate release of reports by Alvarez & Marsal, PIMCO and the House institutions (watchdog) committee into the banking crisis, to put an end to the last 17 months of “mud-slinging” and “slander” against him. Last year, the Central Bank board appointed consultants Alvarez and Marsal to carry out an investigation into what really went wrong in the banking sector. The results of the investigation are expected to be handed over to the president, House speaker and attorney-general this week. Private auditing ﬁrm PIMCO was hired by the Central Bank to carry out a due diligence of the banks to determine the extent of their recapi-
talisation needs. The ﬁnal ﬁgure reached was the subject of much speculation and debate. Banking sources claimed PIMCO’s chosen methodology resulted in a hugely inﬂated ﬁgure, causing the ﬁnal amount needed by the government for an EU bailout to rise steeply. Despite conﬂicting reports in the press, the Central Bank has refused to release the amount set by PIMCO for the recapitalisation needs of the banks, pledging to do so once the memorandum with the troika is ﬁnally signed. Meanwhile, the House watchdog committee is looking into the role of the banks in the crisis that has rocked the ﬁnancial sector, banking system and economy. According to Vgenopoulos, the watchdog committee chairman Demetris Syllouris was on MEGA TV on Saturday morning requesting the help of the Greek media to uncover those responsible for the crisis. The former Laiki strongman highlighted that after 17 months of “mud-slinging” against him resulting in two lawsuits ﬁled in Greece
against Cypriot newspapers, Syllouris was attempting to shift the “slander strategy” to Greece. Vgenopoulos also slammed other Cypriot politicians making “unsubstantiated” public allegations against him, arguing that 17 months after he left Laiki, the Cypriot authorities have come nowhere close to ﬁnding any evidence of him committing any offence. The Greek banker called on the watchdog committee to make public all information he submitted to them regarding his activities. “I believe the immediate disclosure of all the above ﬁndings and information would be more useful than producing and recycling unsubstantiated slander,” he said. Speaking to the Cyprus Mail, Syllouris said he would not comment on public statements made by Vgenopoulos. “All answers will be given with the completion of the committee’s investigation into the banking crisis,” he said. The committee will meet this morning to continue discussion on the investigation.
He could not commit, however, to making the ﬁndings public, saying that this was a decision for the committee to take. Vgenopoulos has been the subject of much criticism for his part in Laiki’s overexposure to Greek sovereign debt, which eventually led the second largest lender to seek €1.8 billion from the state to meet its recapitalisation needs, following the massive Greek debt write-down imposed by the Eurogroup. Vgenopoulos had stepped down as non-executive chairman of Laiki in November 2011. On leaving ofﬁce, the then Central Bank governor Athanasios Orphanides, accused the AKEL-ruled government of attempting to serve Vgenopoulos’ interests during the years in question. For his part, Vgnenopoulos has accused Orphanides of staging a “coup” by shackling him and not allowing him to deal with the Greek debt crisis that broke out. Meanwhile, in a separate development, Vgenopoulos has been summoned to appear before a court in Cyprus to respond to charges that
Vgenopoulos: ‘mud-slinging’ he had misled investors into buying high-risk securities, Politis reported last Friday. Claiming he was defrauded of €108,000, a Paphos-based man has ﬁled a private criminal case against the Laiki Bank as a legal entity, the bank’s former brass, and former CB governor Orphanides. Vgenopoulos, who lives in Greece, must appear in court on April 18. The charge sheet was delivered on February 26, said the Cypriot daily. The plaintiff, Stavros Mavrosavvas, is one of hundreds of depositors who claim they were misled by the banks into putting their savings in highyield securities. The total amount put in these high-yield securities in both Laiki and Bank of Cyprus is said to be around €1.4 billion.
Possibility raised of unity government
Food pours in at solidarity music concert By Poly Pantelides PEOPLE from across the island yesterday gathered at the Costanza moat in Nicosia for ‘CyprusAid People for People’, a free music concert in return for food and useful items to be handed out to community markets in the country. The event started at 4pm and was due to ﬁnish at midnight, with 50 artists and volunteers giving their time for free and CyTA live streaming the performances. Even before CyprusAid was due to start, volunteers
were already busy sorting items - baby food, long life milk, coffee, lentils, pasta, etc - that people had started bringing in. By 4pm all hands were busy, scribbling down how many boxes they had already ﬁlled up and trying to separate their items into categories. Dozens of boxes were already full. “People have been bringing the items we requested via the internet and the media,” an organiser said. The concert was the brainchild of a number of volunteers who gathered together during a number of protests against a pain-
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Volunteers packing up donated items ahead of the concert ful and harsh bailout for Cyprus. Sitting across from the stage at the moat, 57year-old Emilitsa and 60year Giorgos, both retired teachers said they had come from Famagusta’s Dherynia “to help in any
way we could during a bad time for Cyprus”. “We’re doing what we can,” said 67-year-old Theodoulos Koutsavakis. “We need to understand that we’re on our own. We have no friends. Just like (the Turkish invasion of)
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(Christos Theodorides) 1974. We are alone,” he said. Singers from Greece and Cyprus who participated in CyprusAid included Lina Nicolacopoulou, Alkinoos Ioannides, Demetra Galani, Christos Thiveos, Christos Dantis and Evridiki.
PRESIDENT NICOS Anastasiades is considering inviting opposition parties AKEL and DIKO to participate in government, Communications Minister Tasos Mitsopoulos was reported saying yesterday. In an interview with Athens News Agency, Mitsopoulos said: “We are in a state of emergency.” He argued that the government took over a state in “chaos”, revealing that Anastasiades was contemplating inviting opposition parties AKEL and EDEK to participate in government and provide a collective response to the crisis plaguing Cyprus. Speaking candidly, he said: “We are not properly prepared and perhaps we made a mistake in our evaluation of our European friends.” Given the result of the Eurogroup decision, and the massive uncertainty inﬂicted on the banking system and economy, the country urgently needs a three-year action plan aimed at returning to growth, he said.
CYPRUS MAIL Tuesday, April 2, 2013
‘I was bullied’ into accepting initial haircut
CYPRUS TODAY Mugging arrests A 16 AND a 17-year-old youth were arrested on Sunday in connection with the mugging of two women in Larnaca on March 30, where gold chains and crosses they were wearing were stolen. After questioning, police found that the two teenagers were also allegedly involved in another four cases of mugging earlier last month.
Anastasiades reveals details of troika talks PRESIDENT Nicos Anastasiades said he was bullied into accepting a haircut on deposits under threat by the European Central Bank (ECB) that it would starve Cyprus’ banks of cash. In an interview with Phileleftheros published on Sunday, Anastasiades described fraught negotiations at the Eurogroup of March 15 that dragged on into the hours of the following day. Cyprus agreed on a bank levy of 6.75 per cent on insured depositors and 9.9 per cent on large depositors (over €100,000), in a bid to stave off the collapse of its two largest commercial lenders, Laiki and Bank of Cyprus. The ECB was threatening to close down the banking system and force Cyprus to default and eventually exit the euro. Laiki Bank, in particular, would be declared insolvent once the ECB cut off emergency liquidity assistance. Cyprus was expected to submit the necessary bills to parliament over the weekend and vote by Monday, March 18 so everything would be in place before the banks opened after Monday’s scheduled public holiday. According to Anastasiades, at around 3.45am on March 16, following hours of talks, he got up to leave the room saying: “Since you are bankrupting my country, there is nothing more I can do.” It was at that point that ECB board member Joerg Asmussen said he would call ECB president Mario Draghi and inform him of the goings-on.
At the same time, in what amounted to open blackmail, Asmussen threatened that the ECB would pull the plug on emergency funds to both Laiki and Bank of Cyprus. Faced with this prospect, Anastasiades said, he grudgingly agreed to a haircut on deposits but warned his interlocutors that the proposal would never make it past the Cyprus parliament. The following Tuesday, the House here rejected the bank levy. According to the president, prior to the Eurogroup meeting, he had spoken with German Chancellor Angela Merkel, who agreed that any burdens on the Cypriot people should be shared and she seemed to agree that a haircut on deposits was not necessary. But Anastasiades revealed also that IMF chief Christine Lagarde made it clear that the IMF would not participate in an overall bailout package unless there was also a ‘bail-in’ of depositors in Cyprus. That complicated the situation even further, because Merkel had refused to put a Cyprus bailout before the German parliament unless the IMF agreed to co-ﬁnance the package. In his address to the nation on Sunday, March 17, Anastasiades said he had to choose the “least painful option” for Cyprus: “I was presented with two choices: the ﬁrst would have led to a disorderly default. The second choice was a difﬁcult, but manageable situation which ultimately will lead to the salvaging of the economy and to growth.”
President denies tip-off (Continued from front page) The reasons for the transfers were to pay for the acquisition of two properties in Greece - €1.1 million plus €400,000 for renovations - and to cover a €6.5 million bid made by the family for property belonging to the Greek government in Cyprus. On March 13, the family had €36.3 million deposited in Cypriot banks, the statement said. From that amount, some €7.3 million is still deposited in Laiki, which is currently being wound down. Around €21.2 million remain in the Bank of Cyprus, where they face a haircut of at least 37.5 per cent, the family said.
“If, as the newspaper falsely claims … (the family) supposedly had been informed, why did they not transfer all their deposits abroad, especially during a period where currency movement was without restrictions?” The family also asked the newspaper why they would only transfer €10.5 million abroad when their total loss amounted to €15 million. They also denied having transferred €24 million on January 29, but in any case wondered if the newspaper was suggesting they had been tipped-off by Christoﬁas. The investigative committee which will be appointed today is chaired by Georgios Pikis, a former Supreme
Court president and former member of the International Court of Justice in The Hague. Two more members include Panayiotis Kallis and Yiannakis Constantinides, both former Supreme Court judges. As a result of “uncontrolled rumours and whispers circulating”, government spokesman Christos Stylianides yesterday made a statement on behalf of the cabinet. He called on anyone holding information on cabinet members regarding money transfers, or any other actions believed to have been taken using speciﬁc information to pass it on to the investigative committee to be sworn in today by Anastasiades.
Russia won’t help Cyprus depositors THE RUSSIAN government will not aid businesses that have lost money in Cyprus, First Deputy Prime Minister Igor Shuvalov has said, underscoring Moscow’s resolve to clamp down on the ﬂight of capital to offshore ﬁnancial centres. Major account holders, many of them Russian, will lose up to 60 per cent of their deposits over 100,000 euros at Cyprus’ largest bank under a European Union bailout. If Russians lose money “it’s a terrible shame, but the Russian government will not take any action in such a situation,” Shuvalov was quoted by the Interfax news agency as saying in a television interview on Sunday night. But if a large company, in which the Rus-
sian state was a shareholder, sustained serious losses then this could be reviewed on a case-by-case basis, Shuvalov added. “If there is some kind of concrete situation, we would be willing to examine it - publicly, transparently, here in Russia, but for this it would not be necessary to assist Cyprus,” he said. Cyprus is a staging post for large-scale capital ﬂows in and out of Russia - including around a quarter of foreign direct investment ﬂows and foreign lending, according to investment bank Morgan Stanley. Much of that money is taking advantage of favourable tax treatment, but some is seeking to evade the Russian tax authorities, Shuvalov said.
President Anastasiades addressing the nation on March 17
A 22-year-old man was arrested early yesterday in Limassol after allegedly spraying harmful gases in a petrol station and beating a 41-year-old man with a baseball bat. The 22-year-old and two other individuals entered the petrol station ofﬁce area where the 41-yearold owner, his wife and customers were and started spraying gas and shouting. The 22-year-old then got a baseball bat from his car and hit the 41-year-old customer on the arm and his side. The 41-year-old customer suffered a fractured arm.
Tuesday, April 2, 2013 CYPRUS MAIL
An April Fool focus on AKEL’s ‘sins’ By Poly Pantelides THIS YEAR’S April Fool’s Day stories in the press yesterday focused on an imaginary row among AKEL top brass, impossible deals to save the economy and Omonia football club. Daily Politis said that a row erupted during an AKEL meeting last Friday when the party’s members starting looking back at the scandals of the previous AKEL government to explain why the glass of a framed picture of former President Demetris Christoﬁas had been smashed. Christoﬁas, whose term as president ended in February, was
shocked to come to a meeting to see his portrait, “smashed, as if someone punched it, breaking the glass”. But when the AKEL leadership started looking back at his government to “identify the negative series of events that led the Cyprus people to reject the (AKEL) philosophy,” Christoﬁas became enraged, Politis said. Christoﬁas then said that it was the Mari naval base tragedy that was the beginning of the end for AKEL. The blast - from nearly 100 containers with munitions left exposed to the elements for years- killed 13 people, knocked out the country’s main power station and contrib-
uted to slowing down an already struggling economy, handed down in shambles to the current government But in the imaginary meeting AKEL MP Nicos Katsourides blamed the 2010 scandal involving deputy attorney-general Akis Papasavas who charged the state €17,000 for tooth implants. “It’s not enough that Papasavas was never punished, the case’s ﬁles supposedly went missing from the hospital. People were disappointed at the way the whole thing got handled,” Katsourides said in Politis’ imaginary scenario. And to make matters worse, Katsourides said there were many other issues worth mentioning, such
as the scandal involving Andreas Moleskis who was initially given charge of the EU secretariat but was forced to resign after Politis revealed last year that his daughter’s boyfriend had been given an EU presidency job on a hefty salary. Christoﬁas then lost it, and smashed his mobile phone on the table. “Nicos, ever since I set up Andros (Kyprianou) as secretary (general) in the party you’ve had it in for me,” he said. Kyprianou tried to contain the situation: “Calm down, Demetris, calm down comrade”. To calm down, Christoﬁas took a few days off to visit Cuba and relax, Politis said. Simerini decided to focus on the
current government and their gargantuan task of supporting the economy. “Anastasiades rushes to Beijing today,” Simerini said conjuring up a Cypriot effort to get a €20 billion loan from China (larger than the country’s GDP). Haravghi talked instead of an amazing ancient palace discovery in Limassol but also poked fun at the left-wing football club, the cashstrapped Omonia, which is indebted to the tune of €17 million. A “strategic buyer-investor” was conjured up to buy a piece of land previously earmarked for the club’s football stadium. With the super-secret deal, Omonia will pay back its debt and will have fat yearly budgets for the next ﬁve years, Haravghi said.
A pop quiz on bailout: looking at the figures The so-called troika bailout is anything but By Antonis Polemitis MOST publications talk about the €10 billion or €17 billion Cyprus bailout. Let’s take a pop quiz on the right answer. (a) €17 billion euros (89 per cent of GDP) (b) €10 billion euros (52 per cent of GDP) (c) €2.5 billion euros (13 per cent of GDP) (d) €-3.0 billion euros (-15 per cent of GDP) (e) €-7.5 billion euros (-39 per cent of GDP) Now let’s work through the answers, in steps: (a) The €17 billion ﬁgure was calculated assuming the bailout would provide €7 billion for the banks. The ﬁnal number provided not a single euro for the banks who were asked, against the approach taken in the last 147 banking crises worldwide tracked by the IMF, to ﬁnd the whole €7 billion out of their depositor base. So, part (a) is wrong (b) The remaining €10 billion is described as a bailout of the government. Of this €10 billion however, €7.5 billion is being used to reﬁnance maturing debt. This debt, I would guess, is mostly at this point beneﬁcially held by the European Central Bank (ECB). This is just an assumption, but we know that 75 per cent of it was held domestically, largely by the banks. This was probably the ﬁrst collateral pledged by the banks via the Emergency Liquidity Assistance (ELA), so ultimately if the Central Bank and the government default it will ultimately fall on the ECB’s balance sheet. The 25 per cent is probably traded internationally and again outside of Cyprus hands. So, the €7.5 billion is being lent to Cyprus in order to be paid right back to Europe. That is not charity, that is ‘hiding their embarrassing losses until later when someone else is in ofﬁce’. If moral hazard requires clueless Cypriot retail depositors to pay for their banks’ decision to lend
Bank of Cyprus in Athens: Greek branches of Cyprus banks with €15 billion of deposits have been sold to the insolvent Greek government, then presumably it also applies to the ﬁnancial wizards at ECB that lent to the insolvent Laiki, despite having full access to their ﬁnancial information. That leaves €2.5 billion of fresh ﬁnancing for the government which I will concede is new money, though until we see the Memorandum and the terms under which we receive this money, I am not too excited about it. Cyprus could raise this amount domestically so long as it did not have to do it overnight (which it does not - it is to fund deficits over the next few years). (c) Does that mean that €2.5 billion is the right answer? Not really, see below. (d) At least €5.5 billion of the ELA taken by the banks (I suspect it is more) was for losses in the Greek branches of the Cyprus banks. These branches have €15 billion of deposits that presumably could have also been haircut, along with the Cyprus-based deposits, to make up for the losses. Yet, under tremendous time pressure, they were sold to a Greek bank (very
suspicious), while the liabilities (the ELA) stayed in Cyprus and are now, beyond all logic, being transferred to the Bank of Cyprus. We can call this: “Cyprus Contribution To Recapitalisation of Greece, Part II”. And since Greece is insolvent and illiquid without EU assistance, it is really assistance to the EU. Given that, it is perfectly fair to subtract it from the EU’s assistance back to Cyprus. That takes us to €-3 billion. (e) The Greek PSI (write off of Greek government debt, implemented by the EU) impacted Cyprus, as Greece’s neighbour, in a wildly disproportionate manner. Cyprus banks took €4.5 billion in losses there. One could have imagined a solution at the time that partially compensated Cyprus for these losses. In any case, it was a contribution by Cyprus in reducing Greek public debt and given Greece is backstopped by the EU, it reduces the EU debt load, so that is how we get to €-7.5 billion. Cyprus has certainly contributed
to Greece’s bailout on a per-capita basis at a level vastly exceeding any of the nations that are putatively suffering from “bailout fatigue”. Cyprus, voluntarily or not, has contributed around ﬁve per cent to Greek public and private debt reduction, despite being 0.2 per cent of the European economy, so a rate of 25x the European average, plus or minus. The apparent “thank you” from the EU, is to try to talk down the main basis of the Cyprus economy (ﬁnancial services) and aim to destroy the rest of the otherwise fairly healthy Cyprus economy by sucking all liquidity out of the system, literally overnight. I would grade (d) or (e) as correct answers. But I don’t see any version of the numbers where Cyprus is not a net creditor to the EU bailout regime, as opposed to a net beneﬁciary. Antonis Polemitis is a venture capitalist based in Manhattan, New York. This article ﬁrst appeared on the Naked Capitalism website www. nakedcapitalism.com
Court renews remand for hospitalised murder suspect LIMASSOL district court renewed an eight-day remand yesterday for a 34year-old man suspected of killing a man and injuring four others in two separate shooting incidents in Koﬁnou on March 23. Police are guarding the suspect in Limassol hospital after he crashed his car after the shootings on the Aradippou-Avdellerou road where he was arrested. Cyprus News Agency said yesterday the man’s doctors expected him to stay in hospital for about three months. The 34-year-old is suspected of attacking and killing Panayiotis Stavrou, 54, and injuring his 27-year-old son, Giorgos, at a Turkish Cypriot house in Koﬁnou which the father and son were working on in the morning of the attack. The shootings - with a Kalashnikov assault riﬂe - were reportedly over a dispute over the property that the 34-year-old had been lobbying the guardian of Turkish Cypriot properties to hand over to him but was given to Giorgos instead. Turkish Cypriot properties in government-controlled areas fall under the jurisdiction of this organisation that is part of the interior ministry. After the ﬁrst shootings, the 34-year-old then allegedly went over to a supermarket belonging to family who were given a piece of government land that he was also reportedly claiming. There, he shot two of the owners, two brothers aged 47 and 36, as well as at a 36-year-old woman who was shopping at the time. Another one of the owners, a 56-year-old man, managed to get the gun off of him and the 34-year-old allegedly left in a car. The three people who were injured at the supermarket are being treated in hospital but are doing better, Larnaca News Agency said. The 36-year-old mother of two, Katy Charalambous, who had been in need of the rare blood type O negative, had an operation on her leg a few days ago, the news agency said.
CYPRUS MAIL Tuesday, April 2, 2013
Cash smugglers stopped Several attempts to sneak cash out through two airports have been foiled By Elias Hazou OFFICIALS have conﬁrmed that a number of people have tried to sneak substantial amounts of cash out of the island over the past couple of weeks. Under strict capital controls designed to prevent a bank run since last Thursday when the banks re-opened, individuals have only been allowed to take out €1,000 (or the equivalent in other currencies) per trip. The controls were imposed following the re-opening of the banks for the ﬁrst time after a preliminary accord between the government and the EU and IMF. Police have stepped up checks at airports and harbours, and anyone caught with more than €1000 on their person is referred to Customs. The cash is seized and an invoice issued for the amount. Before the capital restrictions, as well as subsequently, a number of people attempted to take large amounts of cash out via the island’s two airports, a customs ofﬁcer said yesterday. The source, who requested anonymity, could not give more details. Customs was closed yesterday due to the April 1 holiday, and the police spokesman could not be reached for comment. Sources at Nicosia police headquarters likewise could not provide deﬁnite ﬁgures, but recalled a bulletin from about two weeks ago saying someone was caught trying to take out some €420,000 cash at one of the airports. If caught, a person is liable for two offences: failure to declare the cash, and illegal export. A special permission may be given to carry more than the €1000
limit, but the person must produce the supporting documentation at the port of exit. In a report published on Sunday, the Financial Times cited ofﬁcials saying that “at least three people” had attempted to ﬂee the island in recent weeks with more than €200,000 in cash on their person. The money was in all cases conﬁscated and the people questioned by the authorities. The paper also cited a Russian businessman claiming that he received a call on Thursday - the day the capital controls were implemented - from Cypriots he did not wish to identify offering to help him move what he implied was more than €1m out of a local bank. The man’s callers offered to transfer his money from Laiki Bank, where deposits over €100,000 are likely to see substantial write-offs, to Hellenic Bank.
SHIFTING FUNDS For these services, the man was told he had to pay €200,000 up front, which he refused. A eurozone ofﬁcial the paper contacted spoke of “dubious capital outﬂows out of Cyprus” before the banks had reopened. “I’m sure it’s ‘the friends’, and the friends are not only Russians,” the source told the Financial Times. Foreign depositors have sought to move money out of Cyprus by legitimate means before the Eurogroup deal. Around 18 per cent of the deposits held in Cypriot banks by residents of other eurozone countries were pulled out in February, according to statistics
Security checks have been stepped up to ensure no one is taking out more than one thousand euros in cash released by the Central Bank. But there are concerns that large sums ﬂowed out of the two stricken banks Laiki and Bank of Cyprus just before the ﬁrst bailout deal was agreed in the early morning hours of March 16. An inquiry has now been launched looking into who took money out and whether they had inside information of a pending ‘haircut’ on deposits and capital controls. A list of 130 companies and natural persons who transferred their money abroad is doing the rounds on the internet. The transactions are said to have taken place between March 1 and March 15, the eve of the Eurogroup meeting in Brussels. Some €700m was taken out in euros, US dollars and roubles, the same reports said.
Marked increases in on Failed Bank of Cyprus burglary the spot driving fines DURING 2009-2012, trafﬁc police issued 882,197 on-thespot ﬁnes collecting €38,455,371, according to a new statistical report. These statistics were presented to parliament after being requested by DISY MP Kyriacos Hadjiyianni. From the report it seems that more Cypriot residents drive over the speed limit as time progresses. In 2009 the trafﬁc police issued 70,256 on-the-spot ﬁnes and 94,289 in 2012. Fines for driving while speaking on a mobile phone, or driving while holding objects, ranged between 16,242 and 19,517 during the three year time period. Fines issued for not following trafﬁc signals were 16,077 in 2009, 24,103 in 2010, 23,659 in 2011, and 17,121 in 2012. On-the-spot ﬁnes for not wearing a helmet while on a motorcycle were 3,353 in 2009 rising to 3,940 by 2012. Fines for parking on pavements or on pedestrian crossings rose from 2,301 to 4,628. Fines for not renewing road tax were 12,217 in 2011 and 12,115 in 2012. The reports for driving under the inﬂuence of alcohol only includes records from 2012, as the law enabling onthe-spot ﬁnes for this offence was not passed until mid 2012. The records show that until October 2012, 2,789 on-the-spot ﬁnes were issued for drunk driving.
AN ATTEMPTED burglary of a Bank of Cyprus branch in Paliometocho early yesterday ended in failure. According to police the burglars broke into a private tutoring institute next to the bank and demolished part of a wall in a failed attempt to break into the bank’s vault. They then broke into another building connected to the bank and demolished part of that wall. During this attempt they found and managed to cut part of the metal safe but were unable to break into it. The bank’s alarm system then went off and the burglars ﬂed without taking anything.
Tuesday, April 2, 2013 CYPRUS MAIL
Coldest March in 50 years, more to come THE severe weather conditions - making it the coldest March in more than 50 years - look set to continue well into April, forecasters warned yesterday. Although no signiﬁcant snowfall is forecast at the moment, temperatures are expected to remain low with no warmer weather in sight. Temperatures in London yesterday were expected to remain at about minus 2C (28.4F). The severe conditions have caused disruption to millions with many wondering whether spring will ever arrive. The cold snap has caused chaos for farmers, the transport network and homeowners. Andy Radcliffe, forecaster with MeteoGroup, the weather division of the Press Association, said temperatures would reach a maximum of 7C (44.6F) yesterday but in places such as North Wales and Cumbria it would be minus
4C (24.8F). He added: “Throughout this week it’s going to remain cold, but not quite as cold as we’ve recently seen. “Tomorrow it could get up to widely around 7 to 8C and it will be similar on Wednesday. “There might be some light ﬂurries of snow but it won’t be anything signiﬁcant.
NO SIGN OF WARM WEATHER “There is no clear sign of warmer weather at the moment. Next weekend could be milder but there is a lot of uncertainty around it.” Average temperatures between March 1 and 26 were just 2.5C (36.5F), three degrees below the long-term average, according to the Met Ofﬁce. This would make it the coldest March since 1962 and also the fourth coldest in the UK since records began in 1910.
Looking at individual countries, it said March would be the fourth coldest on record for England, joint third coldest for Wales, joint eighth coldest for Scotland and sixth coldest for Northern Ireland. Yesterday was also reported to be the coldest Easter day on record, with the mercury falling to minus 12.5C (9.5F) in Braemar in the Scottish Highlands. Temperatures have varied wildly - on March 11 it plummeted to minus 12.9C (8.8F) at Kinbrace in the Highlands and Aboyne in Aberdeenshire, while on March 5 thermometers reached 17.5C (63.5F) at Trawsgoed in Ceredigion, west Wales. Average maximum temperatures for the month ranged from 8.3C (46.9F) in the Isles of Scilly to 2.7C (36.9F) in North and West Yorkshire, while minimum temperatures ranged from 5.4C (41.7F) at the Isles of Scilly to minus 3.4C (25.9F) at Braemar.
People clear walking paths from snow in Mold, Flintshire, north Wales on March 23, 2013 (AFP)
Doubts over HS2 time frame and budget
Osborne defends welfare cuts after Church attacks
MOST people back the HS2 high-speed rail project but few think the £33-billion scheme will be completed on time and within budget, according to a survey. As many as 52 per cent are in favour of HS2, the ﬁrst phase of which, between London and Birmingham, is scheduled to be ready by 2026. Only 18 per cent are against it and 30 per cent are uncertain, the survey of 1,599 adults conducted by market research ﬁrm Consumer Intelligence found. The second phase, from Birmingham to the North of England, is due to be ready by around 2032/33. The poll found that just 8 per cent believe HS2 will be completed within its proposed budget and only 11 per cent reckon it will be ﬁnished on schedule. When asked whether the budgeted expenditure was a worthwhile use of public money, there was less support, with 42 per cent saying no and 40 per cent saying yes. Asked which projects could best boost the economy, just 9 per cent of those polled said the HS2 project could do this, the same percentage given to broadband and buses. A total of 31 per cent cited expenditure on roads as most likely to have a beneﬁcial effect, followed by spending on existing railway lines (27 per cent) and airports (14 per cent). However, as many as 53 per cent said they thought that HS2 would ultimately beneﬁt the economy. Among those who reckoned they would use HS2 once it was ﬁnished, the price of tickets was the most important aspect for 67 per cent of would-be travellers. The project will drastically cut intercity journey times, but speed was only cited by 24 per cent of respondents as the most important factor. Just 10 per cent would be mostly concerned about the proximity of a station in their decision as to whether to use the high-speed line or not.
tion in Britain according to some opinion polls. “A narrative that blames the poor for poverty leads to measures (welfare cuts) such as were announced today,” said Methodist Church public policy adviser, Paul Morrison. “The majority of people in poverty in the United Kingdom today are working,” he added. The new welfare measures include increasing beneﬁt payments by just 1 per cent for the next three years, well below the rate of inﬂation of 2.8 per cent, a move Osborne and Duncan Smith said would save taxpayers £2 billion ($3 billion) a year. Also included are a welfare beneﬁts cap, a reduction in beneﬁts towards paying council tax, and, controversially, a measure dubbed a “bedroom tax” by Britain’s media. The government sees the plan, in which welfare payments are reduced to households deemed to have more rooms than they require, as the abolition of a “bedroom subsidy”. Defending the move on Sunday, Conservative chairman Grant Shapps said even his children shared a bedroom, but he was later ridiculed on social media after reports emerged the millionaire lawmaker has one room set aside as a study. The opposition Labour party said families would on average be £891 worse off a year as the result of tax and beneﬁt changes introduced since 2010.
Raft of new cuts going into effect this month THE government yesterday defended a raft of new welfare spending cuts, a key plank of efforts to rein in spending as the economy ﬂounders, after church leaders attacked the changes as unjust. Chancellor of the Exchequer George Osborne and Work and Pensions Secretary Iain Duncan Smith labelled opponents of their plan as “shrill”, and insisted it would lead to a fairer beneﬁts system and encourage more Britons to work. “Of course, if you listened to the shrill voices of the Left you’d think that every change to the welfare system, and any attempt to save money, marks the beginning of the end of the world,” Osborne and Duncan Smith wrote in an article published in Britain’s Telegraph newspaper. “We are just restoring the original principles of the welfare state: that those who can work must work, and a life on beneﬁts must not be more attractive than working,” they added. The welfare cuts, which are going into effect this month, are part of government efforts to reduce state spending to
Chancellor of the Exchequer George Osborne has sought to dismiss ‘shrill’ criticism of a raft of welfare reforms, insisting they will lead to a fairer beneﬁts system tackle a big budget deﬁcit, a plan Osborne says is necessary to retain the conﬁdence of international money markets and keep Britain’s borrowing costs low. However, Britain’s economy has suffered two bouts of recession since the plan was introduced with the election
of the Conservative-led government in 2010, and growth remains weak - the economy is expected to expand by just 0.6 per cent this year. The Baptist Union of Great Britain, the Methodist and United Reformed Churches, and the Church of Scotland on Sunday attacked the cuts
as being unfair to the poor, echoing comments by Anglican leader Justin Welby last month. The churches said they rejected Conservative attempts to frame the debate on welfare as aspirational “strivers” versus work-shy “skivers”, a narrative that is gaining trac-
British commander warns of ‘dangerous’ troop cut in Afghanistan CUTTING British troop numbers in Afghanistan this summer could “endanger” progress made at a highly critical time, the senior UK commander in the country has said. Lieutenant-General Nick Carter, deputy chief of NATO’s International Security Assistance Force (Isaf), told the Independent that the progress of handing over control of security and the ﬁght against the Taliban after 12 years was going well. But he said that cutting the number of boots on the ground below that already planned as part of the withdrawal from
the country, during the summer ﬁghting season, would be “unforgivable”. He also said that British troops could be involved in combat operations right up to the planned end of a NATO presence in the country at the end of next year. He spoke as forces of President Hamid Karzai, carrying out their ﬁrst engagement without Western help, reportedly had to call in an ISAF air strike to gain the upper hand in a battle against drug smugglers which left more than 100 dead on either side. Lt Gen Carter told the newspaper: “It
would be unforgivable if we allowed the gains of the last three years to be lost because we were not able to provide the Afghans with the support to take this through into 2014. “Our judgment is we have to manage this in a way that retains conﬁdence. Precipitating withdrawal that is not in line with the current plan will damage Afghan conﬁdence.” The British presence in the country will be almost halved by the end of this year to 5,200. All combat operations in the country should be over by the end of 2014, leaving Afghan forces in control.
UK operations in Afghanistan should end by 2014
CYPRUS MAIL Tuesday, April 2, 2013
Europe ‘Hands off Merkel,’ opposition parties warned
Criticism over lack of women in ‘wise men’ panel
GERMANY’S two main opposition parties have traded warnings against getting into bed with Chancellor Angela Merkel’s conservatives after September’s election if they fail to win their own left-ofcentre majority. The leaders of the Social Democrats (SPD) and Greens party issued unusually shrill messages to each others’ supporters on Sunday about the risk their votes might end up going to a party that could join forces in a coalition with Merkel. The SPD and Greens want to form a centre-left government after September’s election but opinion polls show they will fall short of the needed margin. Surveys show Merkel’s best chances of serving a third term could be to lure either the SPD or the Greens into a coalition with her Christian Democrats (CDU). SPD chairman Sigmar Gabriel, alarmed about ﬂirtations between the Greens and CDU, told the Welt am Sonntag newspaper that Greens voters should be aware that the pro-environmental party could end up in bed with the CDU if the SPD and Greens failed to achieve a majority on September 22. “That can’t be ruled out and Greens voters should know about that,” said Gabriel. The Greens, he said, had turned into Germany’s “new liberal party” as they were chasing voters who had earlier backed the CDU and pro-business Free Democrats (FDP). “There is a lot of overlap between the CDU and the Greens now,” Gabriel said, trying to deter hard-core Greens voters who have traditionally viewed the conservatives as the party’s arch political enemy.
ITALIAN President Giorgio Napolitano is facing criticism for failing to name any women to the 10-strong “wise men” panel of experts he has just appointed to help ﬁnd a way out of the political deadlock created by last month’s election. The group of advisers, including a former head of the constitutional court, the chief of statistics agency ISTAT, a board member of the Bank of Italy and senior politicians from the centre-right and centre-left blocs in parliament, are due to meet for the ﬁrst time on Tuesday.
Angela Merkel looks set for a third term as Chancellor
‘SAD, VERY SAD’
Pilgrims dressed in traditional Bavarian clothes attend the Georgi horse riding procession on Easter Monday in the Bavarian town of Traunstein. Since the early 16th century,
Kosovo and Serbia near accord to overcome split By Matt Robinson and Fatos Bytyci IT’S a dangerous job being a municipal clerk in the Kosovan town of Mitrovica, where the Ibar river forms a natural barrier between Serbs and Albanians. Since Adrijana Hodzic began issuing the identiﬁcation cards of mainly Albanian Kosovo to Serbs on the north side of the river, her deputy has been shot in the leg and hand grenades lobbed at the homes of her staff. “Sometimes I feel like we’re ﬁghting against everyone,” said mother-of-two Hodzic, a Mitrovica native. Serbia does not recognise Kosovo’s 2008 secession, but is under pressure from the European Union to improve ties and help overcome a split between Kosovo’s Albanians
THIS WEEK IN YOUR
farmers have taken part in the pilgrimage to bless their horses. This tradition, the “Georgiritt”, goes back to the legend of Saint George, the horsemen’s patron saint
Deal would open door to EU accession talks with Serbia and a Serb enclave in the north over which Belgrade retained de facto control. The status of the enclave is at the heart of EU-mediated talks aimed at “normalising ties” between the two countries. Hodzic is on the frontline of a slow push by Kosovo’s government to reel in the northern pocket of about 50,000 Serbs and reunite Mitrovica. The Serb north’s rejection of Kosovo sovereignty has left Kosovo split down ethnic lines, a war wound that has long dragged on the hopes of the Balkans to join Europe’s mainstream and still carries the potential to destabilise the region.
Now, in the low-key talks, Serbia and Kosovo appear to be on the cusp of a deal to end the partition, at least on paper. EU foreign policy chief Catherine Ashton wants an accord struck today, during a meeting between Serbian Prime Minister Ivica Dacic and his Kosovan counterpart, Hashim Thaci. That would open the door to EU membership talks with Serbia, a process that would drive reform and send a signal of stability to foreign investors looking at the biggest economy in the ex-Yugoslavia. For Kosovo, it is about ending a process that began in
A NIGHT FOR TWO WITH BREAKFAST AT
ENTER OUR COMPETITION (living page 28)
1999, when NATO went to war to halt the massacre of ethnic Albanian civilians by Serbian forces under late strongman Slobodan Milosevic. “Kosovo will no longer be identiﬁed as a problem, but as a functional state within its entire territory,” said Kosovo’s Deputy Prime Minister, Hajredin Kuci. “This is a big victory.” The stakes are high. Coupled with the EU accession of former Yugoslav Croatia in July, an accord between Serbia and Kosovo “would ripple through the Western Balkans”, the International Crisis Group think-tank said, by cementing stability in Serbia, the region’s biggest power. But if the talks fail, it said, “on the ground, where both sides are nervous, a spark could ignite inter-ethnic violence”.
“It’s sad, very sad. The fact that there are 10 men and not a single woman is sad,” said former European Commissioner Emma Bonino, one of Italy’s most prominent campaigners for equal rights for women in politics. “One thing I can say. This commission does not reﬂect the make-up of our society. It denies the presence of women in society, it isn’t a far-sighted choice,” she told the daily La Repubblica. While Italy’s election failed to produce a clear result, it did yield what has been hailed as a positive change of direction in terms of a big increase in women parliamentarians to around 31 per cent from 20 per cent previously. Criticisms of the failure to represent women on the advisory panel came on Twitter from ﬁgures including Giulia Bongiorno, one of Italy’s most prominent lawyers, and television presenter Michelle Hunziker, who said: “I can see things aren’t getting any better”. Daily newspaper Corriere della Sera said in a front page article: “As usual there isn’t a woman”. Italian women have long struggled for equality and have the third lowest level of employment of any country in the 34-member Organisation for Economic Cooperation and Development (OECD), ahead of only Greece, Mexico and Turkey.
Tuesday, April 2, 2013 CYPRUS MAIL
Eighty-year-old Japanese man aims for Everest record By Gopal Sharma AN 80-YEAR-old Japanese mountain climber who has had heart surgery four times is heading to Mount Everest to try for a third ascent of the world’s highest peak and will become the oldest person to reach the top if he succeeds. Yuichiro Miura climbed to the summit of the 8,850 metre (29,035 ft) mountain in 2003 and 2008. He skied down Everest from an altitude of 8,000 metres (26,246 ft) in 1970. Miura and a nine-person team will climb up the standard southeast ridge route, pioneered by Sir Edmund Hillary and Tenzing Norgay when they became the ﬁrst people to reach the summit in May 1953. “The record is not so important for me,” the whitehaired Miura told Reuters in the Nepali capital, Kathmandu, before setting out for the mountain. “It is important to get to the top.” The record for the oldest person to climb the moun-
tain is held by Nepal’s Min Bahadur Sherchan, who reached the summit at the age of 76, in 2008. A doctor specialising in heart ailments is in the team to keep an eye on Miura’s health. The group hopes to summit in May. Miura has skied down the highest mountains on each of the seven continents, and is merely following family tradition. His late father, Keizo Miura, skied down Europe’s Mont Blanc at the age of 99. “If you wish strongly, have courage and endurance, then you can get to the summit of your dream,” said Miura. He already has a new dream. He wants to ski down Cho Oyu, the world’s sixth highest mountain at 8,201 metres (26,906 ft), also in the Himalayas. “Maybe, when I become 85 years old, and if I stay alive, I want to climb and ski down Cho Oyu,” Miura said. “It is my next dream.” About 4,000 climbers have been to the top of Everest and about 240 people have died on its slopes.
Sudanese President Omar al-Bashir addresses a new session of Parliament, on April 1, 2013, in the capital Khartoum. Bashir said yesterday he will release all political detainees, as tensions ease following recent agree-
ments with South Sudan. “Today, we announce a decision to free all the political prisoners and renew our commitment to all political powers about dialogue,” Bashir said in a speech opening a new session of parliament. (AFP)
Texas DA killing spurs massive investigation Murders follow the shooting of an assistant prosecutor By Marice Richter
Aiming for the top: Japanese climber Yuichiro Miura, 80, gestures as he speaks during an interview with Reuters in Kathmandu March 30, 2013
Tikrit suicide blast A SUICIDE bomber drove an oil tanker packed with explosives into a local Iraqi government compound yesterday, killing at least nine people, in the northern city of Tikrit. No group immediately claimed responsibility for the attack, but Sunni Muslim insurgents tied to al Qaeda have been redoubling their efforts to weaken Iraq’s Shi’ite-led government and stoke inter-communal conﬂict. The bomber drove the tanker inside a compound housing governmental administration ofﬁces in central Tikrit, 150 km (95 miles) north of Baghdad, setting off a blast that left behind a large crater and badly damaged nearby buildings. The blast in Tikrit, once the home of executed former president Saddam Hussein, killed at least nine people, including seven police ofﬁcers, local ofﬁcials said. Initial accounts reported the truck had been abandoned at the site. Police at the scene said compound guards may not have suspected the tanker because fuel trucks arrive every morning to deliver gas and oil to the government ofﬁces. “The tank was stopped just behind the police administration building and partially damaged it. I was injured in my face and stomach by glass,” police captain Mohammed Salih said. Suicide bomb attacks have been on the rise since the beginning of the year as the Syrian war next-door exacerbates Iraq’s own security situation by giving a boost to the local wing of al Qaeda, Islamic State of Iraq or ISI.
AUTHORITIES have launched a massive investigation into the weekend killings of a Texas district attorney and his wife, which occurred months after an assistant prosecutor was shot dead in the same county. Kaufman County District Attorney Mike McLelland and his wife, Cynthia, were discovered with fatal gunshot wounds at their home near Forney, Texas, on Saturday. Assistant District Attorney Mark Hasse was gunned down in January. Forney Mayor Darren Rozell said the killings did not appear to be random. “It was a targeted attack,” Rozell told CNN. Kaufman County Sheriff David Byrnes said on Sunday that the FBI, Texas Rangers and other law enforcement ofﬁcials were investigating the double homicide. The Kaufman County Sheriff’s Ofﬁce was notiﬁed shortly before 6pm Saturday that the two bodies had been
Fatal attack: the late Kaufman County District Attorney Mike McLelland is shown in this handout photo found in their rural home just outside Forney, about 20 miles from Dallas, Byrnes said. He would not discuss possible suspects in the case. But law enforcement ofﬁcials are widely believed to have focused on a white supremacist group in the Hasse killing. Hasse was shot and killed on January 31, the same day the US Justice Depart-
ment released a statement saying the Kaufman County District Attorney’s Ofﬁce was involved in a racketeering case against the Aryan Brotherhood white supremacist group. In an indictment unsealed in November, the Texas arm of the Aryan Brotherhood was described as a gang responsible for murders, arson, assault and other crimes, and
prone to “extreme violence and threats of violence to maintain internal discipline and retaliate against those believed to be cooperating with law enforcement”. Kaufman County Judge Bruce Wood told Reuters the last known contact with the McLellands was about 7pm on Friday. Wood described McLelland as a friend and colleague and said he and McLelland had spoken regularly about Hasse and the investigation. “This is not just an attack on two very ﬁne people, but an attack on the justice system,” Wood told Reuters. “I can’t fathom someone doing this,” Wood said. “It is completely senseless, and completely out of the blue. Perhaps it is retaliation, but we won’t know that until someone is caught.” McLelland, a 23-year US Army veteran who served in Operation Desert Storm, had ﬁve children, including a son who is an ofﬁcer with the Dallas Police Department, according to a county website.
Kuwait hangs three men convicted of murder in first executions since 2007 KUWAIT hanged three men yesterday who had been convicted of murder, the ﬁrst executions in the Gulf Arab state since 2007, state news agency KUNA reported. The three were a Pakistani, a Saudi and a stateless man who were hooded
and bound before being hung from gallows outside the Central Prison, ofﬁcial pictures showed. They had been found guilty in three separate murder cases. Authorities had invited journalists from Kuwaiti publications to witness the executions.
The last recorded case of the death penalty being carried out in Kuwait was six years ago when a Pakistani man was executed for drug trafﬁcking, according to Amnesty International. KUNA said 48 people remain on death row in Kuwait.
CYPRUS MAIL Tuesday, April 2, 2013
‘Landmark India drug ruling will benefit destitute’
WORLD TODAY Rebel hunt MALIAN troops searched house-to-house in Timbuktu yesterday morning following hours of ﬁghting with Islamist rebels who had inﬁltrated the northern desert town. Residents said calm had returned by late Sunday after heavy clashes and airstrikes by French ﬁghter jets backing the Malian troops forced them to shelter indoors. The ﬁghting reﬂected the difﬁculty of securing Mali after a French intervention in January that pushed rebels out of their northern strongholds. “Things are quiet this morning. The markets are open, trafﬁc is on the streets, and people are out of their houses,” Timbuktu resident Garba Maiga said by telephone.
Novartis loses bid to patent cancer treatment
Tanzania toll rises THE death toll from the collapse of a multi-storey building in Tanzania has risen to 34 after more bodies were pulled from the rubble, a senior government ofﬁcial said yesterday. Rescue workers at the site in a district in the commercial capital Dar es Salaam have now cleared most of the debris and reached the basement of the building that caved in on Friday morning. It is likely more bodies could be found.
‘Isolated cases’ THE World Health Organisation says no evidence has emerged to show that a type of bird ﬂu which has killed two Chinese men can be transmitted between people. Two men in Shanghai, aged 87 and 27, fell sick in late February. A woman in Anhui province also contracted the virus in early March and is in critical condition. “At this point, these three are isolated cases with no evidence of human-tohuman transmission”, the WHO representative in China, Dr. Michael O’Leary, told reporters yesterday.
Hamas law NEW rules from the Education Ministry of the Islamist Hamas movement ruling the Gaza Strip will bar men from teaching at girls’ schools and mandate separate classes for boys and girls from the age of nine. The law, published yesterday, would go into effect next school year and applies throughout the coastal enclave, including in private, Christian-led and UN schools. Critics of the new measures say the Islamist movement is trying to force its ideology on society, but proponents say they merely want to codify conservative Palestinian values into law.
Novartis India’s Ranjit Shahani said the court’s decision made India an even less attractive country for major investments by international pharmaceutical companies
INDIA’S highest court has rejected a drug ﬁrm’s attempt to patent a cancer treatment in a landmark decision that health activists said ensures poor patients worldwide will continue to get cheap versions of lifesaving medicines. Novartis had argued that it needed a patent to protect its investment in a new form of the cancer drug Glivec, while opponents said the drug did not merit intellectual property protection in India because it was not a new medicine. In response to the ruling, Novartis said it would not invest in drug research in India. The court’s decision has global signiﬁcance since India’s generic drug industry, which supplies much of the cheap medicine used in the developing world, could be stunted if Indian law allowed global drug companies to extend the lifespan of patents by making minor changes to medicines. Once a drug’s patent expires, generic manufacturers can legally produce it. They are able to make drugs at a fraction of the original manufacturer’s cost because they do not carry out the expensive research and development. Pratibha Singh, a lawyer for the Indian ﬁrm Cipla, which
makes a version of Glivec for less than a tenth of the original’s price, said the court ruled that a patent could only be given to a new drug, and not to those which are only slightly different from the original. “Patents will be given only for genuine inventions, and repetitive patents will not be given for minor tweaks to an existing drug,” he said.
‘PROGRESS STYMIED’ Novartis called the ruling a “setback for patients,” and said patent protection is crucial to fostering investment in research to develop new and better drugs. Ranjit Shahani, the vice chairman and managing director of Novartis India, said the ruling “will hinder medical progress for diseases without effective treatment options.” He said the court’s decision made India an even less attractive country for major investments by international pharmaceutical companies. “Novartis will not invest in drug research in India. Not only Novartis, I don’t think any global company is planning to research in India,” he said. The Swiss pharmaceutical giant has fought a legal bat-
tle in India since 2006 to patent a new version of Glivec, which is mainly used to treat leukaemia and is known as Gleevec outside India and Europe. The earlier version of Glivec did not have an Indian patent because its development far predated the country’s 2005 patent law. Novartis said Glivec is patented in nearly 40 other countries. India’s patent ofﬁce rejected the company’s patent application, arguing the drug was not a new medicine but an amended version of its earlier product. The patent authority cited a provision in the 2005 patent law aimed at preventing companies from getting fresh patents for making only minor changes to existing medicines - a practice known as “evergreening”. Novartis appealed, arguing the drug was a more easily absorbed version of Glivec and that it qualiﬁed for a patent. Anand Grover, a lawyer for the Cancer Patients Aid Association, which led the legal ﬁght against Novartis, said the ruling prevented the watering down of India’s patent laws. “This is a very good day for cancer patients. It’s the news we have been waiting for for seven long years,” he said.
S. Korea vows swift reply to North SOUTH Korea will strike back quickly if the North stages any attack, the new president in Seoul warned yesterday, as tensions ratcheted higher on the Korean peninsula amid shrill rhetoric from Pyongyang and the US deployment of radar-evading ﬁghter planes. North Korea says the region is on the brink of a nuclear war in the wake of United Nations sanctions imposed for its February nuclear test and a series of joint US and South Korean military drills that have included a rare US show of aerial power. The North, whose economy is smaller than it was 20 years ago, appeared to move yesterday to addressing its pressing need for investment by appointing a reformer to the country’s ceremonial prime minister’s job, although the move mostly cemented a power grab by the ruling Kim clan. North Korea had said on Saturday it was entering a “state of war” with South Korea in response to what it termed the “hostile” military drills being staged in the South. But there have been no signs of unusual activity in the North’s military to suggest an imminent aggression, a South Korean defence ministry ofﬁcial said last week. “If there is any provocation against South Korea and its people, there should be a strong
response in initial combat without any political considerations,” President Park Geun-hye told the defence minister and senior ofﬁcials at a meeting yesterday. The South has changed its rules of engagement to allow local units to respond immediately to attacks, rather than waiting for permission from Seoul. Stung by criticism that its response to the shelling of a South Korean island in 2010 was tardy and weak, Seoul has also threatened to target North Korean leader Kim Jong-un and to destroy statues of the ruling Kim dynasty in the event of any new attack, a plan that has outraged Pyongyang. Seoul and its ally the United States played down Saturday’s statement from the ofﬁcial KCNA news agency as the latest in a stream of tough talk from Pyongyang. North Korea stepped up its rhetoric in early March, when US and South Korean forces began annual military drills that involved the ﬂights of US B-2 stealth bombers in a practice run, prompting the North to puts its missile units on standby to ﬁre at US military bases in the South and in the Paciﬁc. The United States also deployed F-22 stealth ﬁghter jets on Sunday to take part in the drills. The F-22s were deployed in South Korea before, in 2010.
South Korean K-1 tanks move over a temporary bridge during a river-crossing military drill in Hwacheon near the border with North Korea yesterday (AFP)
Four private daily newspapers hit newsstands in Myanmar FOUR private dailies hit the newsstands for the ﬁrst time in almost 50 years in Myanmar yesterday, but many others failed to appear, hamstrung by poor ﬁnancing, archaic equipment and a dearth of reporters. Sixteen dailies were granted licences by authorities, but only four were published.
The government-afﬁliated Union Daily, one of three dailies available free of charge, used ﬁnancial clout to beat out competitors like D-Wave, the paper of opposition leader Aung San Suu Kyi’s National League for Democracy (NLD), for which publication preparations are still under way. “All four papers sold out quickly to-
day,” Kyi Kyi, a roadside book vendor, told Reuters. “But it’s very hard to predict their future sales since three of them were distributed free of charge today and the remaining one was sold at 150 kyat ($0.17) per copy,” Myanmar’s quasi-civilian government took power in early 2011 after the military dictatorship relinquished
a half-century stranglehold on the former Burma. It embarked on media reforms as part of its democratisation programme in August 2012. The three other newspapers distributed were the Voice Daily, Golden Fresh Land and The Standard Time Daily, all Burmese-language publications.
Tuesday, April 2, 2013 CYPRUS MAIL
Business Chinese shares fall to lowest in 2013
Wall St. slips after weak manufacturing data
CHINESE shares fell to their lowest since the start of the year yesterday after an ofﬁcial purchasing managers’ survey showed a slower rebound in factory activity than expected, suggesting headwinds remain for the world’s second largest economy. But property stocks advanced after tightening measures unveiled by authorities in three cities over the weekend appeared less strict than investors had feared. The large-cap CSI300 index lost 0.1 per cent to its lowest closing level since mid-January. The Shanghai Composite Index also dropped 0.1 per cent, closing at its lowest point since late December. Volume in Shanghai was the lowest since mid-December ahead of the two-day Tomb Sweeping Day holiday that begins on Thursday. Hong Kong markets were closed yesterday. China’s ofﬁcial manufacturing purchasing managers’ index (PMI) released by the National Bureau of Statistics rose to an 11-month high of 50.9 in March, above the 50-point level that indicates expansion, but below a Reuters poll consensus forecast of 52.0. Financial stocks, seen as a proxy for the macro-economy, lagged the index. The ﬁnancial sub-index lost lost 0.3 per cent. China Merchants Bank fell 1.8 per cent, and Pingan Insurance gave up 1.9 per cent. Wen Lijun, equity analyst at Nanjing Securities, said there was little prospect for a broader market rally before macroeconomic data for Q1 comes out on April 15. But she said the market may have over-reacted to February data, which showed weaker than expected consumer spending and factory output. If GDP growth comes in above 8 per cent, it could revive conﬁdence and spark a rally.
S&P 500, Dow coming off all-time closing highs By Ryan Vlastelica U.S. stocks fell modestly yesterday after weakerthan-expected U.S. manufacturing data and the Dow and S&P 500 slipped from record closing highs reached on Thursday. The Institute for Supply Management’s March reading on manufacturing came in at 51.3, down from analysts’ average forecast of 54.2. A ﬁgure above 50 indicates expansion by the sector. In a separate report, construction spending rose more than expected in February, gaining 1.2 per cent, compared with forecasts of a 1 per cent rise. The S&P remains about 0.4 per cent away from its all-time intraday high of 1,576.09, but few catalysts are seen before the release of the closely watched payroll report on Friday. Many investors said the market could have more risks to the downside, with continued uncertainty over the economic situation in Cyprus, though European markets were closed yesterday for a holiday. “I’m not expecting much to happen in markets before the payroll report, but with things that quiet, we could be more vulnerable to any surprise external news,” said Dan Veru, chief investment ofﬁcer at Palisade Capital Management LLC in Fort Lee, New Jersey.
Traders work on the ﬂoor of the New York Stock Exchange on March 28, 2013 in New York City Data on the US services sector is on tap for Wednesday, followed by the Labour Department’s March payrolls report on Friday. Economic data has been mixed, but strong readings may not be a positive catalyst for markets. Investors speculate if the Federal Reserve views the economy as strong enough, it could reduce its bond-buying programme that has helped boost equities. “We want to see progress made in the economy, even if it is just small and incremental,” said Veru, who helps oversee $3.6 billion. “I’d like to see more merger deals an-
Buying Selling Pound St
7.5666 7.3430 121.8212 119.4089
Romanian Leu 4.5072 4.3304 Russian Ruble 40.3583 39.3618 Swedish Kr
ter has very bullish implications. An analysis by Ryan Detrick, senior technical strategist at Schaeffer’s Investment Research in Cincinnati, showed the index has risen in the three ﬁrst months of the year nine times in the past 30 years, and in each case, it has posted gains for the year. The average yearly gain after such a start, the data showed, was 17.56 per cent. An advance like that would leave the S&P 500 at about 1,676 at the end of this year. Despite the positive momentum, some analysts have called for a near-term pullback, and the uncertainty
over Cyprus has contributed to stocks’ trading in a tight range. The S&P 500 traded within 10 points of its previous all-time closing high for 13 sessions before breaking through. In company news, Tesla Motors Inc jumped 13 per cent to $42.83 after forecasting full proﬁtability in the ﬁrst quarter, citing strong sales of its Model S sedan. Exxon Mobil Corp continued cleanup of a pipeline spill that spewed thousands of barrels of heavy Canadian crude in Arkansas. Shares of the Dow component rose 0.5 per cent to $90.59.
UK ‘to avoid triple-dip recession’
These Bank of Cyprus rates for telegraphic transfer transactions (spot deals) apply to yesterday, but provide a good guide to today’s value against the euro.
nounced, which would give me conﬁdence that there are still gains to be had.” The Dow Jones industrial average was up 10.20 points, or 0.07 per cent, at 14,588.74. The Standard & Poor’s 500 Index was down 2.49 points, or 0.16 per cent, at 1,566.70. The Nasdaq Composite Index was down 9.56 points, or 0.29 per cent, at 3,257.96. Equities rose 10 per cent in the ﬁrst quarter, extending a string of monthly gains to ﬁve. With the advance, the S&P is now only 0.4 per cent away from its all-time intraday high level of 1,576.09. The S&P’s surge in the quar-
The BCC said near record levels of exports from Britain’s services sector would help prevent a triple-dip recession
BRITAIN will avoid a triple – dip recession thanks to near record levels of exports from the powerhouse services sector, a business group said yesterday. The latest economic survey from the British Chambers of Commerce (BCC) revealed export deliveries and orders from the services sector - which accounts for more than three quarters of UK economic output - rose close to the all-time highs seen in 1994 during the ﬁrst three months of 2013. Its survey of more than 7,000 ﬁrms also found that business conﬁdence had grown, while ﬁrms were looking to invest more in their businesses. David Kern, BCC chief economist, said the results suggested the economy continued to grow in the ﬁrst three months of 2013. He added: “The survey reinforces our assessment that recent gross domestic product (GDP) ﬁgures published by the Ofﬁce for National Statistics (ONS) have exaggerated the weakness of the UK economy and the volatility in output. “If an announcement of negative growth in the ﬁrst quarter is misleadingly described as a triple-dip recession, conﬁdence will again be damaged unnecessarily.” He admitted the survey showed the UK’s economic performance was still “inade-
quate”, but conﬁrms areas of strength. The ONS said service sector output increased by 0.8 per cent in January on a year earlier and was up 0.3 per cent monthon-month, despite the snow impact at the start of the year. It is hoped that this solid performance will offset woes in the construction and manufacturing sectors. Increased demand for exports has been helping, boosted by the recent weakness of the pound, which makes it cheaper to buy British goods and services. The BCC’s survey showed improvements in both the manufacturing and services sectors, although employment had weakened. John Longworth, director general of the BCC, said: “The fall in most employment balances is disappointing, and reminds us that a strong labour market cannot be taken for granted.” He added: “We should not be satisﬁed with a long and tortuous road to recovery. “These results provide a glimpse of the as-yet-distant sunlit uplands of recovery businesses up and down the country are working hard to drive the economy, create jobs and export, but they cannot accelerate this process alone. “We must be proactive, bold and forthright to bolster business.”
CYPRUS MAIL Tuesday, April 2, 2013
What do we really have to lose by keeping capital controls in place? IF THERE is one thing we can say with a large degree of certainty, given how bailout terms and conditions are changing every day, is that the Cyprus we knew has been annihilated. The two big banks that ﬁnanced our afﬂuent lifestyle have collapsed, and the Bank of Cyprus, which will be allowed to survive, will be operating under so many restrictions and debilitating debts that it will be unable to fund business activity, let alone growth. Some say that the Bank of Cyprus will be so heavily over-capitalised after the re-organisation and bail-in of deposits that its future would be secured. Estimates are that its core tier 1 capital will be at 17 per cent, almost double the minimum set by the European Central Bank (ECB), but this is hardly something that can raise even a glimmer of hope. The fact is that the banking sector has been devastated and it will take more than a decade for the Cypriot banks to regain the trust and conﬁdence they once enjoyed, no matter how well-capitalised they may be. Will any money be left in the Cypriot banks, once the current controls on capital transfers and withdrawals are lifted? The Central Bank had said that these controls would be in place for a few days but that is absurdly unrealistic. Had it said a few months it would have been slightly more realistic but still excessively optimistic. It is under pressure from the ECB and the Eurogroup not to maintain controls for too long because neither wants restrictions on the movement of money in a eurozone country. The ECB had wanted the banks - apart from Laiki and BoC to open last Tuesday - to open without any restrictions on withdrawals, but this move was blocked by President Anastasiades. He should carry on blocking it, regardless of what the ECB might say, because we have nothing to lose by keeping controls in force. It is not as if this would destroy our reputation as a ﬁnancial services centre or a tax haven or discourage businesses from setting up operations here. By keeping controls, the banks based here may have the deposits that would allow them to operate as banks, offering some loans to business, instead of turning into debt-collection agencies. Our Eurogroup partners might not approve of a eurozone country with restrictions on the movement of capital, but they should have thought of that when they took the decision to ‘reorganise’ our banking sector and pull the plug on the business model of our economy. Cyprus will now be eurozone mark II.
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In defence of Cyprus Comment Miguel Ángel Moratinos
CAN still remember the month of June in 2003, when President Clerides came back to Nicosia from the European Council carrying the EU’s unanimous decision admitting Cyprus as a new member state. European and Cypriot ﬂags were unfurled all along Makarios Avenue, the blast of thousands of horns kept beeping for hours and Cypriot zivania was brought out in all public places and cafés on the island, as it celebrated joyfully the recognition of Cyprus as a part of European territory. Ten years later those streets are witnessing demonstrations where banners are hoisted demanding an exit from Europe and ﬁercely criticising Brussels. What has happened in just one decade for Cyprus to pass from pro-European exaltation to disaffection? In this article, I will not try to analyse this mess organised by the European heads which aims to “rescue” Cyprus, for that deserves a speciﬁc article on its own. What I am pursuing is the underlying reasons which have led to this growing and negative attitude of Europeans towards Greek Cypriots. As Spain’s foreign minister I witnessed the sense of deception felt by the main European leaders and the international “establishment” when the Greek Cypriots rejected the Annan plan. Many of them wondered how 75 per cent of the island’s citizens dared say no to a plan conceived by
Washington, Berlin and Brussels. Once again, I conﬁrmed with a kind of frustration how the international community designed the future of a people and a nation without taking into consideration their opinion and historic perspective and not foreseeing the outcomes of their proposals. Greek Cypriots mainly rejected a plan which they found unfair so that they could ﬁnd a deﬁnitive solution. The international heads disliked this democratic decision and, instead of searching for concrete solutions and promoting new negotiations, punished the country and President Papadopoulos with a sort of isolation. During this time and in just a few years, this country climbed, on its own merits, up to the levels of quality and competence demanded by European standards. Cyprus was a model country and swiftly reached the social, institutional, economic, ﬁnancial and security requirements which Europe demanded. They joined the Schengen Agreement and the euro, as their economic ﬁgures were those of a prosperous country. The nowadays-demeaned Cypriot banking system was, only ﬁve years ago, a European and international reference point. Not only the Greek banks but many other ﬁnancial entities, including British and German, knew and took advantage of the Cypriot platform. I am scandalised by hearing now how these same banks despise the Cypriot ones because of the deposits of Russian companies and citizens. One should ask whether the arrival of capital from Russia
Former ﬁnance minister Vassos Shiarly’s history lesson fell on deaf ears - denounced in Cyprus - didn’t happen in Germany and the United Kingdom too. The situation of the Cypriot banks was widely known, not least by the troika. This was discussed during the Cypriot presidency of the EU. In the informal Ecoﬁn meeting of September 2012 in Nicosia, the almighty European ministers of economy listened, during the supper, to a very enlightening historical intervention from the Cypriot ﬁnance minister Vassos Shiarly. He recalled that the period of Athenian decadence in Ancient Greece began with the break up of the agreements reached by 150 city-states integrated into the Delian League. That comparison with the EU and Germany was not welcome and the ministers of the eurozone were deaf to Shiarly’s in-
tervention, which insisted on the necessity of getting out of this crisis together. When those voices critical against Cyprus speak out, European public opinion has to be reminded that this country, with fewer than one million inhabitants, has got a GDP per capita of €21,500, the 31st position in the Human Development Index, a young university which educates about 7,000 students and hydrocarbons which could make up the third greatest reserve in the world. The Ecoﬁn ministers have ignored the national and international realities, as well as geopolitical and strategic views on Cyprus. They have not pondered the Russian Federation inﬂuence, a key country in the UN Security Council, when discussing the Cypriot issue. Cyprus has got great potential and not only in tourism. Its hydrocarbon deposits have probably caused a bigger unbalance in the mechanisms of power relations and inﬂuence inside and outside the EU. The question to be suggested today is whether the Cypriot deposits will be European, Russian, Turkish, Lebanese or Israeli, but that is a different discussion to be faced by European politics. The geopolitical focus will be despised and the pseudo technocratic one adopted. Meanwhile, Greek Cypriot society will undergo disproportionate and unfair suffering. And because of all that, all my solidarity and support goes out to Cyprus. Miguel Ángel Moratinos is the former Spanish minister of foreign affairs and cooperation
Paywalls rise but how far will it help newspapers? Comment Felix Salmon IT’S PAYWALL season right now: The Washington Post, The San Francisco Chronicle, The Telegraph, The Sun - all have recently announced plans to erect paywalls in an attempt to extract subscription revenues from their most loyal online readers. And other paywalls are being tweaked: The New York Times (NYT) paywall for example is getting less porous. The trend here is clear. There is now only one major US newspaper without a paywall of some description, although others have free spin-off sites, like Boston.com or SFGate.com, which act a bit like the outsidethe-paywall content on other sites. There are three big drivers of these decisions. The ﬁrst is that there’s no hope that online ad revenues will ever grow to replace print ad revenues. They’re barely growing any more, even as they’re still only a small fraction of total ad revenues. The second is that for various reasons, newspapers need to cling to the mantle of quality at near insane costs. If costs are stubbornly high while revenues are shrinking, then the only possible solution is to try to raise new revenues by any means necessary - or go bust. Finally, there’s the behavioural aspect:
newspapers in general, and the NYT in particular, are quite deliberately habituating readers to the idea of paying for content. There are an inﬁnite number of points on the spectrum between tip jar and paywall, but there does seem to be a clear move to the right over time, towards less porous and more expensive paywalls. Some paywalls, like the Financial Times (FT), are porous in name only. While in theory the FT works on a meter system, giving people a certain number of free articles before asking them to pay, in practice if you want to read an FT article you’re going to be asked to pay - even, annoyingly, if you’re already a subscriber. (I would dearly love a subscription which authenticates based on device rather than on an easy-to-forget and hard-to-enter username/password combo: can’t the FT just see that it’s my phone accessing the site, and let me read anything I want if I’m a subscriber?) And in general, the more you’re asking for, the more coercive you need to be. At a buck or two a month, loyal readers are happy to support you. At $15 or $20 per month, you need to break out the sticks as well as the carrots. One of the problems with paywalls is that everybody wants their paywall to be simple and transparent and easy for everybody to understand. But if you do that, you can’t A/B test; you can’t work out empirically what the optimum price is or what the best place to set the meter is. Which is where the raft of different paywalls out there comes in
handy. Here’s my prediction: At some point, the industry is going to informally settle on a single management-consultancy company to ask for paywall advice from. Everybody’s going to use the same company, with the result that the consultancy in question is going to see real internal ﬁgures from lots of different newspaper publishers, with lots of different models. The consultancy will then - for a price - tell its clients what “best practice” is in the industry, which is code for “this is the way that the most successful newspapers are doing it”. No one site can easily do A/B testing on its own. But put them all together in the head of a wellconnected management consultant, and it becomes much easier to see what’s working and what isn’t. But all of the paywalls and consultants in the world won’t change the fact that the amount of information freely available on the internet continues to grow very fast, and that the number of people willing to pay for any kind of news online is always going to be a small fraction of the total online newsreading population. There’s an exciting future for online news - even if the prospects for legacy-burdened newspapers are dim. The paywalls might help with newspapers’ ﬁnances. But they’re certainly not going to help make them any more relevant. Felix Salmon is a ﬁnance blogger for Reuters
Tuesday, April 2, 2013 CYPRUS MAIL
G.I. Joe sequel blasts past cavemen to win box office Paramount: the result is as spectacular as the look of the movie By Lisa Richwine and Patricia Reaney ACTION movie G.I. Joe: Retaliation won the weekend box ofﬁce battle in the United States and Canada, ﬁghting off competition from cartoon cavemen, a Tyler Perry drama, and an alienpossessed heroine trying to save the human race. G.I. Joe, a sequel starring Channing Tatum, Dwayne Johnson and Bruce Willis, secured $41.2 million in domestic ticket sales from Friday through Sunday, according to studio estimates. Last week’s winner, animated prehistoric adventure The Croods, slipped to second place with $26.5 million in North America. Tyler Perry’s Temptation landed in the No.3 slot with $22.3 million. G.I. Joe opened Wednesday evening to get a jump on the Easter holiday weekend. The cumulative box ofﬁce after Sunday is estimated at $51.7 million. In international markets, the movie racked up $80.3 million, for a global haul of $132 million. “The result is as spectacular as the look of the movie,” said Don Harris, president of domestic theatrical distribution at Paramount Pictures. “We couldn’t be happier with the result in terms of both the domestic and international box ofﬁce and the response from movie goers.” Inspired by a Hasbro toy, G.I. Joe tells the story of elite soldiers ﬁghting the enemy organisation called Cobra as well as threats from within the federal government. The sequel to 2009’s G.I. Joe: The Rise of Cobra was slated to open last summer, but the
Inspired by a Hasbro toy, G.I. Joe tells the story of elite soldiers ﬁghting the enemy organisation called Cobra as well as threats from within the federal government release was delayed to convert the ﬁlm to 3D. Viacom Inc’s Paramount Pictures, MGM and Skydance Productions produced the sequel for about $130 million. Ahead of the weekend, forecasters predicted a domestic tally around $38 million for G.I. Joe. Domestic ticket sales for The Croods, a Dreamworks Animation comedy about a family of cave dwellers, dropped 39 per cent from its debut a week ago. The cumulative in-
ternational box ofﬁce takings rose to $140.5 million. Temptation, a departure from Perry’s hit comedies, focuses on a married woman drawn to a handsome billionaire. The movie stars Jurnee Smollett-Bell, Lance Gross and Vanessa Williams. Reality TV star Kim Kardashian plays a small role and helped promote the ﬁlm through TV appearances and social media. Another new release, sciﬁ romantic thriller The
Host, ﬁnished in sixth place with $11 million. The movie is based on a novel by Stephenie Meyer, author of the Twilight vampire series that became a blockbuster movie franchise. Host features a love triangle centred around a young woman whose body is taken over by an alien with good intentions. The two live in the same body, ﬁrst as enemies before they become friends who team up to save the human race. Irish ac-
tress Saoirse Ronan plays the lead character. Distributor Open Road Films acquired domestic rights for The Host for $2 million. In fourth place, thriller Olympus Has Fallen earned $14 million during its second weekend. The movie stars Gerard Butler and Morgan Freeman in the tale of a White House under attack. Disney’s Oz the Great and Powerful came in ﬁfth with $11.6 million.
TV stars Ant and Dec top the UK music charts with 1994 hit
Anthony McPartlin (left) and Declan Donnelly were celebrating their ﬁrst number one single on Sunday
TV hosts Ant and Dec were celebrating their ﬁrst number one single on Sunday - 17 years after their chart career came to an end. The duo prompted a download dash for their 1994 hit ‘Let’s Get Ready To Rhumble’ after performing the track on their Saturday Night Takeaway show last weekend. Their re-entry into the singles chart went straight to number one, knocking The Saturdays’ ‘What About Us’ featuring Sean Paul off the top stop, the Ofﬁcial Charts Company said. Presenters Anthony McPartlin and Declan Donnelly have vowed to donate the proﬁts to Childline. The pair, who met on
children’s TV series Byker Grove, had a run of hits in the mid-1990s under the guise of their characters from the show, PJ and Duncan. They achieved nine songs in the top 40, with their biggest hit, ‘Let’s Get Ready To Rhumble’, peaking at nine in 1994.
SHORT OF AN ITEM Ant told ITV1’s Daybreak programme last week they decided to perform the song again because they were short of an item for the show. “We thought, well, we could possibly dust off the old baseball caps, and give it a go, for a laugh,” he said. “The production team on Saturday Night Takeaway
went mad, ‘oh yeah, we remember that song, let’s do it’.” Dec added: “We did a little bit of rehearsal on Thursday, we had four hours in our schedule, to rehearse the dance. “We spent an hour, and it all came back to us. We’ve obviously done it so many times in the past.” Meanwhile, Justin Timberlake held on at the top of the album chart with The 20/20 Experience. The US star beat 80s rock band Depeche Mode who achieved the highest new entry at number two with the Delta Machine. David Bowie’s album The Next Day, his ﬁrst new material in nearly a decade, went down a place to three.
Snoop Lion having midlife crisis ‘in reverse’ SNOOP Lion thinks he is having a midlife crisis in reverse. The 41-year-old musician who has changed his name from Snoop Dogg and embraced Rastafarianism - is keen to do something “positive” with his life and thinks it is natural he has curbed his partying at a time in his life when other men develop a renewed desire to enjoy wild nights. He said: “When you reach the pinnacle, you ﬁnally wake up, put aside childish ways and want to do something positive. “You can affect people. You have kids and you understand what life is about. “At 40, most men decide to live wild and crazy because they’ve been so conservative all along. Me, I’ve been living wild and crazy my whole life.” Despite his new outlook on life, Snoop - who is worth an estimated $60 million insists he won’t be giving away his vast wealth to beneﬁt others. He said: “If I give it all away I give it to my people. Make sure others are happy when I’m gone. “That was the whole purpose of me getting it. It’s never been me-me-me, it’s about us-us-us. “I’m not 100 per cent Rastafarian. Doesn’t matter. I’m learning. “No I’m not giving it away, it’s been through my godgiven talent.”
Lohan’s dad ‘horrified’ by wild antics LINDSAY Lohan’s father is horriﬁed by her latest wild antics in Brazil. Michael Lohan has posted an open letter to the 26year-old actress’s booking agent Mike Heller, whose father is her lawyer Mark Heller, warning him that he will be held fully responsible if anything happens to Lindsay, who was reportedly spotted “out of it” in a Sao Paulo nightclub with her dress up around her waist and crying underneath a table. In the letter, posted on the Hufﬁngton Post, Michael wrote: “I am telling you now if you are with Lindsay in Rio or you booked it, and anything happens to my daughter, I am holding you personally responsible. Judging from what has happened in the past, and the way she looks down there from the pictures in the media, it’s not a good thing. If you have anything to do with her being there, its on you. Count on it. (sic)” The troubled starlet, was sentenced to 90 days in rehab last week after pleading “no contest” to charges for lying to police.
CYPRUS MAIL Tuesday, April 2, 2013
Tagging, satellite tracking reveals mystery of blue whales By Pauline Askin BALANCING in small boats in choppy Antarctic waters, sometimes for hours and covered in ice, Australian researchers shot at endangered blue whales with an airgun to tag the giant creature with satellite tracking equipment. During a seven-week voyage, the scientists from the Australian Antarctic Division tagged the world’s
largest creature and then tracked the rarely seen whales using sonar attached to special buoys to gain an insight into the threatened species. Little has been known up to now about the habits of blue whales, which despite their huge bodies the heart of a full grown adult is the size of a small car - were hunted to the brink of extinction in the 1900s and still remain endangered. “This kind of detailed move-
ment hasn’t been collected yet, so that’s really important,” Virginia Andrews-Goff, a member of the research team and expert in whale tagging, said. “We’re using the biopsy samples and the photos to work out individual identities. In the future that individual information will lead to getting an idea of the abundance of Antarctic blue whale and how well they’re recovering from whaling.” Among the many mysteries sur-
rounding blue whales - which can grow up to 30 metres long and weigh 170 tonnes - is their number. Several thousand are believed to exist throughout the world, but more precise data is lacking. The mechanics of the scientiﬁc venture were challenging, as tagging could only be deployed using air guns at closer range. Taggers underwent intensive ﬁrearms training and a ﬁtness programme to build core strength and thigh
muscles to stabilise themselves in the small boats and shoot accurately. “We were tagging, taking biopsy samples and taking photos... so you could be out on the water for four hours at a time,” said Andrews-Goff. “We were heading out in conditions that were below 0 degrees Celsius (32 Fahrenheit). Sometimes it was snowing, sometimes the ice would actually freeze on you.”
Reef-building corals lose out to softer kin due to warming By Alister Doyle CLIMATE change is likely to make reef-building stony corals lose out to softer cousins in a damaging shift for many types of ﬁsh that use reefs as hideaways and nurseries for their young, a study showed. Soft corals such as mushroom-shaped yellow leather coral, which lack a hard outer skeleton, were far more abundant than hard corals off Iwotorishima, an island off south Japan where volcanic vents make the waters slightly acidic, it said. A build-up of carbon dioxide in the atmosphere is turning the oceans more acidic in a process likely to hamper the ability of creatures such as lobsters, crabs, mussels or stony corals to build protective outer layers. “Soft coral has the potential to be a winner in coral reefs,” lead author Shihori Inoue of the University of Tokyo said of the ﬁndings, the ﬁrst study of likely winners and losers among soft and hard corals. “Reef communities may shift from reef-building hard corals to non-reef-building soft corals under (carbon dioxide levels) predicted by the end of this century,” the authors wrote in the journal Nature Climate Change. When it reacts with water, carbon dioxide in the atmosphere can form carbonic acid. That damages hard corals, tiny animals that secrete calcium carbonate to form their stony protective layer. “When combined with their ability for rapid colonisation, soft corals may out compete hard corals in coral reef en-
A build-up of carbon dioxide in the atmosphere is making it more difficult for them
Reefs support about 25 per cent of all marine life
vironments subject to ocean acidiﬁcation,” the scientists wrote. “Hard corals are important reef builders and provide complex three-dimensional habitats for many reef organisms,” they wrote, adding that a shift could have damaging effects for many ﬁsh and other marine creatures that live around reefs. A community of soft coral “hardly works like hard coral
as a nest for small living organism such as... shrimp, and little ﬁsh”, Inoue said. The 2003 animated movie Saving Nemo shows how clownﬁsh live and grow around reefs. Covering less than one per cent of the ocean ﬂoor, reefs support about 25 per cent of all marine life, with over 4,000 species of ﬁsh alone, according to the International Coral Reef Initiative which seeks to protect reefs.
The scientists said that the levels of carbon dioxide in the water off Iwotorishima, an island near Okinawa in the Paciﬁc, corresponded varied from equivalent to 550 parts per million (ppm) of carbon dioxide in the atmosphere to as high as 970. Both levels are within the range seen as possible by 2100 according to the UN panel of climate scientists. Current atmospheric levels
are about 395 ppm, a sharp rise from 280 ppm before the Industrial Revolution. And emissions of carbon dioxide are continuing to rise - China, the United States and the European Union are the top emitters. Other studies have also shown that stony coral reefs are vulnerable to rises in temperature that can cause a whitening that can lead to death.
Gas vents in the Mediterranean and corals around a carbon dioxide seep off Papua New Guinea have also been used to study the likely future conditions of the oceans. “Soft coral may not always be the winner in acidiﬁed waters. In temperate oceans, it has been shown that algae or sea anemones can be winners at high-carbon dioxide vents,” they wrote.
‘Climate change to spur more weather extremes’ Common pesticides disrupt bees’ learning By Martha Linden CLIMATE change will bring greater extremes in weather, the UK government’s outgoing chief scientiﬁc adviser has warned as he called for urgent action to tackle global warming. Professor Sir John Beddington said the effects of climate change on the weather were already being felt in the UK. “In a sense we have moved from the idea of global warming to the idea of climate change, and that is rather important - yes, indeed, temperatures are increasing, but the thing that is going to happen is that we are going to see much more variability in our weather,” he said. “I think you only have to look at the last few
years to see how that is actually starting to manifest itself even in the UK.” Sir John said there were “massive problems” in the world of food, water and energy security as the global population increases, all of which would be exacerbated by climate change. Even if effective action was taken now on global warming, he said there would be “signiﬁcant” climate change over the next 20 to 25 years as results of past global emissions. “We have massive problems in the world - in 12 years’ time there will be another billion people on the planet and we have big issues of food security, water security and energy security and many, many people will start to be living in cities,” he said, adding “climate change is just going to make it worse.”
By John von Radowitz COMMONLY used pesticides confuse bees by disrupting the learning circuits in their brains, a study has found. The effects could make it harder for bees to forage among ﬂowers for food, thereby threatening their survival and reducing pollination. Bees exposed to two kinds of pesticide were slower to learn or completely forgot important associations between ﬂoral scents and nectar. The impact of the chemicals increased when they were combined together. One group of compounds tested were
neonicotinoids, which are related to nicotine and used around the world to control a variety of pests. The other pesticide, coumaphos, is employed outside the EU to kill the Varroa mite that attacks honeybees. In the laboratory, scientists exposed bees’ brains to levels of the pesticides similar to those found in the wild. They then recorded electrical activity from cells from a higher order bee brain structure called the “mushroom body” which is important for memory and learning. Forty per cent of a bees’ neurons can be found in the mushroom bodies. The results showed that both chemicals targeted this region of the bee brain, causing a loss of function.
CYPRUS MAIL Tue
German reliance on D outweig ghs scandals Co chief executive Anshu Jain was former head of the investment banking division implicated in several bank scandals
ERMANY has become so dependent on Deutsche Bank to grease the wheels of its export driven economy that it looks willing to gloss over scandals involving its largest bank. Deutsche is one of several European banks under investigation by regulators in Europe and the United States for its suspected role in rigging benchmark interest rates. It is cooperating with German authorities in a separate inquiry into alleged tax fraud. Deutsche has denied allegations it misvalued derivatives and mis-sold mortgage-backed securities. Such an array of inquiries could be expected to damage any bank’s reputation. But back-up from business leaders and key members of the bank’s supervisory board appear to be helping Deutsche’s new co-chief executives Anshu Jain and Juergen Fitschen put the scandals behind them. The two men, with more than 40 years experience at Deutsche between them, took over as co-CEOs on June 1. This bedrock of support is crucial for Deutsche, especially in a German election year when banks’ perceived excesses and misdemeanours could become a campaign issue. The newest revelations for Deutsche will come in the next few days when the German regulator issues a report on the bank’s alleged in-
volvement in the manipulation of Libor, a global interest rate benchmark. The report will test Germany’s commitment to keeping Deutsche strong for the sake of its export led economy. That commitment is a common theme to surface in interviews with current and former Deutsche staff, business leaders, sources at the regulator and bank directors. Several sources familiar with the regulator’s report have said it will focus on “organisational ﬂaws” rather than placing blame on Jain or Fitschen, making it less likely the Berlin political establishment will call for them to go. A web of support for Deutsche has emerged among German blue-chip and midsized companies, which have grown more dependent on the
country’s largest bank since rivals including IKB, WestLB, LBBW, Commerzbank and Dresdner Bank shut down or slashed international investment banking and lending. Burkhard Lohr, Chief Financial Ofﬁcer at K+S Group, a supplier of speciality fertilizers and salt, with activities in Canada, Chile and Brazil said a strong Deutsche was vital. “We need banks with a global network, because our markets are also global,” Lohr said. That view was echoed by Stefan Sturm, Chief Financial Ofﬁcer of German healthcare group Fresenius SE. “What’s crucial is intellectual and ﬁnancial capital. Particularly in the case of large complex projects which need to be completed seamlessly and in a short period of time,” he said. data Thomson Reuters show how Deutsche’s role as lender to German companies has grown since the ﬁnancial crisis. In 2008 it ranked only ﬁfth among the biggest lenders to German companies, behind HVB, Dresdner Bank, Royal Bank of Scotland and Commerzbank. Deutsche loaned €4.52 billion to German ﬁrms, giving it a market share of 7.23 per cent. Four years later, Deutsche Bank is the second-biggest provider of large loans in Germany behind Commerzbank, with a lending volume of €10.82 billion, or 15.9 per cent, the data show. The need for a global German bank is even
Investment veteran - Henry Ritchotte is now COO of the entire bank
Police vehicles parked outside the headquarters of deutsche bank in Frankfurt
Is Germany committed to keeping Deuts economy question Edward T more acute for small and medium sized companies, the backbone of the economy. These small highly specialised manufacturers export goods around the world, but don’t have the capacity to maintain multiple relationships with banks to sort out their foreign exchange, interest rate hedging and export ﬁnance. Anshu Jain, who once cultivated trading superstars like Boaz Weinstein and Greg Lippmann, is using his new role to expand support in the “real economy” and in political circles. Since taking ofﬁce, the Indian-born banker has met with approximately 50 German chief executives and visited Berlin around 10 times to meet high-ranking politicians. On one trip, he knocked on the doors of Vorwerk, a maker of vacuum cleaners and kitchen appliances which exports to more than 70 markets from
its base in Wuppertal, Germany. “Anshu Jain came to us well-prepared. He was exceptionally interested in our business,” said spokesman Michael Weber. “As an internationally operating company, it is important for us to have as our bank a global partner who is present in many different markets.” Meanwhile, senior Deutsche staff see a huge opportunity to win market share in an environment which has seen Barclays disrupted by the departure of its CEO and UBS pull out of segments like ﬁxed income. Crucially for Jain and Fitschen, Deutsche’s supervisory board chairman, Paul Achleitner, supports their strategy. A former Goldman Sachs executive who helped Deutsche make one of its biggest expansions into investment banking in 1998, when he ad-
vised it on a deal to buy Bankers Trust, Achleitner is a ﬁrm believer in a strong German investment bank. “What we need as a society is to come to an agreement
Last week, it was fo 2012 earnings beca provisions of ¤600 mortgage-related regulatory issues over what we want. Do we want Germany to be home to a major bank of global importance? There aren’t that many companies left in the ﬁnancial sector capable of competing with US ﬁrms,” Achleitner said in a written statement in
esday April 2, 2013
Co-chief executive Juergen Fitschen is among 25 employees being investigated
Supervisory board chairman, Paul Achleitner is a ﬁrm believer in a strong German investment bank
sche strong for the sake of its export led Taylor and Philipp Halstrick response to questions. But Deutsche is still paying the price for its more freewheeling past. Last week, it was forced to restate its 2012 earnings be-
orced to restate its use of new litigation 0 million related to lawsuits and other s including Libor cause of new litigation provisions of €600 million related to mortgage-related lawsuits and other regulatory issues including Libor. Seven employees have been suspended or dismissed for suspected involvement in manipulating
inter-bank lending rates. To ensure they retain the support of corporate Germany, Jain and Fitschen need to prove that ‘Project Pharos,’ a plan to become a more client focused lender really means a change in style. The restructuring efforts, set to be completed by 2015, have already seen about 1,400 jobs axed out of the investment bank, which had 9,094 staff at the end of 2012. The proprietary trading division, which used the bank’s own money to make bets with a notional value of up to $128 billion on mortgage-backed securities, has been shut. Deutsche has pared back risk taking, reducing the value at risk at its main trading units to 57.1 at the end December, from 95.6 at the end of 2010. A lower number for value-at-risk indicates a reduced likelihood of potential losses. Internal rivalry once pro-
moted at the bank has been toned down in favour of a greater emphasis on teamwork, insiders say. Sales teams, who once regarded one another as competitors, now coordinate client visits. On the trading ﬂoor, the climate is more collegiate. Traders now get a ‘red ﬂag’ for breaching rules, including for things previously regarded as trivial - such as failing to attend a compliance course within a ﬁve day deadline. Red ﬂags mean lower bonuses and hinder promotion. The bank has beefed up a ‘risk and reputation’ committee, which now includes four members of the Group Executive Committee, the bank’s 18-member senior management panel. Potentially controversial business is discussed by the head of compliance, the chief risk ofﬁcer and legal counsel. Traders are no longer given
the kind of leeway they once enjoyed and need to take “MTA” or mandatory time away, surrendering their trading positions to a colleague who can check whether they make sense and conform to risk limits. Deutsche’s problem is that the changes, underway since 2009, take time to ﬁlter through to the outside world, insiders say. “There is a lag between perception and practice,” a senior Deutsche Bank executive said. Jain’s past as a former head of the investment banking division and the expanding inﬂuence of that unit, implicated in several of the bank scandals, are part of the reason why ‘Project Pharos’ has so far struggled to win over critics. While Barclays signalled a return to its high street roots when it appointed Antony Jenkins, the head of its retail division, to replace former Wall Street trader Bob Diamond as CEO, Deutsche has chosen to promote veterans from the investment bank. Henry Ritchotte, a former chief operating ofﬁcer (COO) of the investment bank and of the global markets division, is now COO of the entire bank. Michele Faissola, a former global head of rates and commodities, was made head of asset and wealth management. While trading for years
generated the lion’s share of proﬁts for Deutsche, it is also the division that is under investigation for alleged interest rate manipulation and the alleged mis-sale of mortgage-backed securities. Senior Deutsche Bank staff say the reform process is credible. “Anybody who was involved in anything illegal is no longer with the bank, so it’s unfair to keep drawing parallels between now and then,” a second senior bank executive said. But critics says the investment bank’s DNA still bears the legacy of Edson Mitchell, the American banker who helped lay the foundations of its global investment banking franchise by introducing a more Anglo-Saxon management style and Wall Street sized paychecks. “The vast majority at the bank doesn’t need a cultural change. It’s just the traders,” said a Deutsche investment banker specialising in merger and acquisitions. “They have shown over and over again that they care more about themselves than about the bank’s reputation.” One of the star bankers Mitchell hired was Jain. Mitchell died in a plane crash in 2000. Today Jain emphasises greater teamwork between the bank’s different divisions. Deutsche Bank has a sometimes uneasy relationship
with politicians. The lender angered lawmakers last year when it declined to send Jain to appear before a parliamentary hearing into the Libor scandal. The head of compliance, Stephan Leithner, went instead. Deutsche also infuriated the German Agriculture Minister and anti-poverty campaigners this year when it decided to lift a self-imposed moratorium on dealing in ﬁnancial derivatives linked to commodities. Late last year the bank’s Frankfurt headquarters were raided as part of an investigation into tax evasion, money laundering and obstruction of justice over a trading scam involving carbon permits. Fitschen and Stefan Krause, the bank’s chief ﬁnancial ofﬁcer, are among 25 employees being investigated. But even if Germany’s establishment loses patience with the bank’s new leadership, many within Deutsche remain convinced it will be difﬁcult for them to replace Jain and Fitschen. “Show me the banker who in 2008 did not have some issue. If you want a CEO who is unblemished you need somebody with less than four years experience. You end up with a 25-year-old graduate,” a senior Deutsche Banker said, before asking, “Do you have to eliminate investment banking altogether to appease the sacriﬁcial gods.”
Tuesday, April 2, 2013 CYPRUS MAIL
(K) All Audiences (12/15/18) No admittance to Under-12s/ 15s/ 18s (N/A) Not Available
Times are subject to change, so check first with cinemas before you head out
Telephone no: K-Cineplex: 7777-8383 Rio Limassol: 25871410
Identity Thief (12) K-Cineplex (Screen 3) at 10.15pm; K-Cineplex, Mall of Cyprus (Screen 3) at 10.15pm
G.I. Joe: Retaliation (N/A) K-Cineplex (Screen 1) at 7.50 and 10.10pm, weekends also at 5.30pm; K-Cineplex, Mall of Cyprus (Screen 1) at 5.30, 7.50 and 10.10pm, weekends also at 11am, 1.10pm and 3.20pm
Oz the Great and Powerful (12) K-Cineplex (Screen 3) (in 2D) at 7.40pm; K-Cineplex, Mall of Cyprus (Screen 3) (in 2D) at 7.40pm
The Sessions (15) K-Cineplex (Screen 4) at 8 and 10.10pm, weekends also at 5.30pm; K-Cineplex, Mall of Cyprus (Screen 4) at 5.30, 8 and 10.10pm, weekends also at 11.15am, 1.15pm and 3.30pm
Barbie in the Pink Shoes (K) K-Cineplex (Screen 3) (in Greek), weekends only at 5.35pm; K-Cineplex, Mall of Cyprus (Screen 3) (in Greek) at 5.35pm, weekends also at 11.30am, 1.30pm and 3.30pm
Zarafa (K) K-Cineplex (Screen 2) (in Greek), weekends only at 5.35pm; K-Cineplex, Mall of Cyprus (Screen 2) (in Greek) at 5.35pm, weekends also at 11.30am, 1.30pm and 3.30pm
Sammy’s Great Escape (K) K-Cineplex (Screen 6) (in Greek), weekends only at 5.35pm; K-Cineplex, Mall of Cyprus (Screen 5) (in Greek) at 5.35pm, weekends also at 11.20am, 1.15pm and 3.20pm
Jack the Giant Slayer (12) K-Cineplex (Screen 2) at 7.55 and 10.15pm; K-Cineplex, Mall of Cyprus (Screen 2) at 7.55 and 10.15pm
Et si on vivait tous ensemble? (in French, with Greek subtitles) Cine Studio, tonight and Thursday at 9pm, presented by the
CINEMA WEBSITES: K-Cineplex: http://kcineplex.com, Friends of the Cinema Society: http://www.ofk.org.cy
Friends of the Cinema Society. Tel: 96-420491, www.ofk.org.cy
LIMASSOL G.I. Joe: Retaliation (N/A) Rio 1, weekdays at 7.45 and 10pm, weekends and Monday at 6, 8 and 10pm; K-Cineplex (Screen 1) at 7.50 and 10.10pm, weekends also at 5.30pm The Sessions (15) Rio 6 at 8 and 10.10pm, weekends also at 3.30 and 5.30pm, Monday also at 5.30pm; K-Cineplex (Screen 4) at 8 and 10.10pm, weekends also at 5.30pm Zarafa (K) K-Cineplex (Screen 2) (in Greek), weekends only at 5.35pm Jack the Giant Slayer (12) Rio 2 at 7.45 and 10pm, weekends also at 3 and 5.20pm, Monday also at 5.20pm; KCineplex (Screen 2) at 7.55 and 10.15pm
Hitchcock (12) K-Cineplex (Screen 5) at 8 and 10.15pm, weekends also at 5.30pm; K-Cineplex, Mall of Cyprus (Screen 5) at 8pm
Hitchcock (12) Rio 4 at 10pm, weekends and Monday also at 5.30pm; KCineplex (Screen 5) at 8pm
The Sessions (15) K-Cineplex (Screen 4) at 8 and 10.10pm, weekends also at 5.30pm
The Last Stand (15) Rio 5 at 7.45 and 10pm, weekends and Monday also at 5.30pm; K-Cineplex (Screen 5) at 10.10pm
Zarafa (K) K-Cineplex (Screen 2) (in Greek), weekends only at 5.35pm
Identity Thief (12) Rio 3 at 7.45pm; K-Cineplex (Screen 3) at 10.15pm Oz the Great and Powerful (12) Rio 3, weekends only at 3 and 5.20pm, Monday only at 5.20pm; K-Cineplex (Screen 3) (in 2D) at 7.40pm Mama (15) Rio 3 at 10pm Warm Bodies (12) Rio 4 at 7.45pm, weekends also at 3.30pm Barbie in the Pink Shoes (K) Rio 1 (in Greek), weekends only at 3 and 4.30pm; K-Cineplex (Screen 3) (in Greek) weekends only at 5.35pm Sammy’s Great Escape (K) Rio 5 (in Greek), weekends only at 3.30pm; K-Cineplex (Screen 5), weekends only at 5.35pm
The Last Stand (15) K-Cineplex (Screen 6) at 7.50 and 10.10pm; K-Cineplex, Mall of Cyprus (Screen 5) at 10.10pm
LARNACA G.I. Joe: Retaliation (N/A) K-Cineplex (Screen 1) at 7.50 and 10.10pm, weekends at 5.30pm
Rio Paphos: 26-207000
Jack the Giant Slayer (12) K-Cineplex (Screen 2) at 7.55 and 10.15pm Hitchcock (12) K-Cineplex (Screen 5) at 8 and 10.15pm, weekends also at 5.30pm
PAPHOS G.I. Joe: Retaliation (N/A) Rio 1 at 5.30, 7.30 and 9.45pm, weekends and Monday also at 3.30pm The Sessions (15) Rio 2 at 5.45, 7.30 and 9.45pm, weekends and Monday also at 3.45pm Jack the Giant Slayer (12) Rio 7 at 5.45, 8 and 10.10pm, weekends and Monday at 3.30pm Hitchcock (12) Rio 4 at 6, 8 and 10pm
The Last Stand (15) K-Cineplex (Screen 6) at 7.50 and 10.10pm
The Last Stand (15) Rio 3 at 9.45pm
Identity Thief (12) K-Cineplex (Screen 3) at 10.15pm
Identity Thief (12) Rio 5 at 7.30 and 9.45pm
Oz the Great and Powerful (12) K-Cineplex (Screen 3) (in 2D) at 7.40pm
Oz the Great and Powerful (12) Rio 6 at 5.15 and 7.30pm, weekends and Monday also at 3pm
Barbie in the Pink Shoes (K) K-Cineplex (Screen 3) (in Greek), weekends only at 5.35pm
Mama (15) Rio 6 at 9.45pm
Sammy’s Great Escape (K) K-Cineplex (Screen 6) (in Greek), weekends only at 5.35pm Moonrise Kingdom Thursday at 8.30pm, presented by the Larnaca Cinema Society. Tel: 99-658831, 99-462903. www.lfcinema.org
Warm Bodies (12) Rio 3 at 5.45pm (weekends and Monday at 6pm) and 7.30pm Hansel & Gretel: Witch Hunters (15) Rio 5 at 5.45pm, weekends and Monday at 3.45pm Barbie in the Pink Shoes (K) Rio 4 (in Greek), weekends and Monday only at 3 and 4.30pm
Piano Recital with Martino Tirimo The Friends of ARTE Society presents concert with famous Cypriot pianist. April 2. Arte Music Academy, 34 - 36 Leonidou Street, Nicosia. 8.30pm. €10. Tickets can be bought on the door an hour before the concert. Tel: 22-676823. firstname.lastname@example.org
Journeying Body Solo painting exhibition by Andriani Roussogenous. Opens April 3, 7.30pm until April 13. Opus 39 Gallery, 21 Kimonos Street, Nicosia. Monday: 5pm-8pm. Tuesday-Friday: 10.30am-12.30pm and 5pm-8pm. Tel: 22-424983
Theatre Below Zero Drama directed by Photis Georgidis. April 2. Technohoros ETHAL, 76 Franklin Roosevelt Avenue, Limassol. 8.30pm. €15. In Greek. Tel: 70007410/99-308232
Other Events Launch of Norway Grants Funding Project A public event to launch Norway Grants funding project and lecture on The Challenge of Multiculturalism in Times of Economic Crisis. A jazz concert and cocktail reception will follow the speeches and presentation. April 2. Home for Cooperation. 7pm. Tel: 22-445740/99-763384
Women in a Period of Crisis Third Cypriot women artist exhibition. Opens April 3, 7pm until April 19. Katoi, 43 Agioi Omologites, Nicosia. Open daily: 10.30am-6pm and Saturday: 10.30am-2pm. Tel: 22-774157
Music The Cyprus Trio Concert by Cyprus’ most prestigious chamber ensemble. April 3. Paphos Markideion Theatre. 8.30pm. €10. Part of the income will be donated to the Paphos Cancer Patients Support Group. Tel: 99-355358/97-658018. email@example.com A Journey through Two Continents Music programme travelling from Europe to Latin America. Presenting among others, soundtracks of Greek and foreign films, Argentinean Tango and fragments from the opera Carmen. April 3. Casteliotissa Hall, old Nicosia. 8.30pm. €12/7. Tel: 22-800970
€15/12. Tel: 22-348203
TEDxNicosiaChange Broadcast of live streaming event TEDxChange presented by Melinda Gates, which will take place in Seattle, Washington. April 3. Cyta Amphitheatre, Telecommunications Street, Strovolos, Nicosia. 6pm-9 .30pm. Free and seating is limited to 150 on a first come, first served basis. Visit: http://www.ted.com/ tedx/events/8161
The Harley Jacket THOC’s New Stage presents play by Vasilis Katsikonouris. Until April 5. THOC New Theatre Building, 9 Gregori Afxentiou, Nicosia. Performances at the exterior spaces of THOC’s New Theatre Building. Every two weeks Wednesday through Friday at 8.30pm. €12/10. In Greek. Tel: 77-772717
Norwegian Architecture Three exhibitions highlighting recent achievements in Norwegian architecture: Contemporary Norwegian Architecture #7, The Oslo Opera House by Snøhetta and Palimpsest – Norway by Claudio Santambrogio. Opens April 3, 7pm until April 26. The Department of Architecture, University of Nicosia, 31 Michael Giorgalla ,Str., Engomi Industrial Zone, Nicosia. Open daily: 9am-6pm.Tel: 22-842600/601 email: info.arc.@unic.ac.cy April 3: 7pm. Lecture by Nina Berre, Directors of Architecture. 8pm official opening of exhibitions
The Firebird Theatro Versus presents drama based on the play by Chilean playwright Ariel Dorfman. Until April 7. B Municipal Market (Theatro Ena), Limassol. Wednesday, Fridays and Sundays. 8.30pm. In Greek. Tel: 96-458399 Pinocchio Theatre Maskarini unique adaptation of well-known tale. Until April 14. Russian Cultural Centre, 16 Alassias Street, Nicosia. Every Sunday at 10.30am. In Greek. Tel: 22-761607/22-270420
The Eulogy A black comedy that breaks the mould on what we consider a typical monologue by Greek poet, playwright Iakovos Kambanelis. Until April 20. Epigoni Theatre, Kyriakos Karaolis Square, Old Aglantzia. Every Saturday at 8.30pm. In Greek. €8. Tel: 99-222974
The Switch Theatro Ena presents play by Argiro Toumazou. April 3. Theatro Ena, 4 Athinas Avenue, Nicosia. Every Wednesday at 8.30pm. In Greek.
Tom, Dick and Harry Satiriko Theatro presents comedy by Ray and Michael Cooney. Until April 28. Vladimiros Kafkarides Cultural Centre, 11-15 Vladimiros Kafka-
rides Street, Aglantzia, Nicosia. On Saturdays at 8.30pm and Sundays at 6.30pm. €15/10. Tel: 22-312940/ 22-421609 In the Land of Peter Pan The Puppet Group of Satiriko Theatre presents work by James Barry. Until April 28. Vladimiros Kafkarides Cultural Centre, 11 - 15 Vladimiros Kafkarides Street, Aglantzia, Nicosia. Every Sunday at 10.30am. In Greek. €10. Tel: 22-312940/22-421609 Gone With the Jobless A comedy performance by Marinos Hatzivasiliou who, together with other actors from the popular TV programme Patates, present a hilarious show with g humour and laughter. Until May 5. Diachroniki Music Stage, 2 Yianni Koromia Street, Kaimakli, Nicosia. Every Sunday at 9pm. €15. In Greek. Tel: 99-783455 The Dispute The Main Stage of THOC presents tragic comedy by Pierre de Marivaux. Until May 17. THOC New Theatre Building, 9 Gregori Afxentiou, Nicosia. Friday and Saturday at 8.30pm and Sunday 6pm. In Greek. €12/10. Tel: 77-772717
Exhibition Metamorphosis Solo painting exhibition by Nikos Kouroussis. Until April 3. Alpha Gallery, Makarios Avenue & 3 Papanikoli Street, Nicosia. Monday-Saturday 10.30 am-1pm and 4.30pm-7.30pm.
For a full guide to the week’s events and regular meetings, make sure you get a copy of the Sunday Mail
Tel: 22-751325 / 99-303366. www. art.com.cy The Last Bride Exhibition by Asteris Gkekas inspired by female Cypriot poetry. Until April 5. ARTos Cultural and Research Foundation, 64, Ay. Omoloyites Ave, Nicosia. Tuesday-Friday: 9am-5pm. Tel: 22-445455 Uninterrupted Stare Solo art exhibition by Nina Sumarac. Until April 6. Rouan Gallery, 28 Dodekanisou, Limassol. MondaySaturday: 10.30am-1pm and 4.30pm-7.30pm. Tel: 25-350845 Aphrodite Lovestoned Photography and book presentation by Anna Würth. Until April 6. Chiaki Kamikawa Contemporary Art Gallery 10 Solonos Street, Paphos. Open Tuesday- Friday: 10am-1pm & 4pm-6pm. Saturday: 10am-1pm. Tel: 99-311225 Constractions + Abstractions An exhibition of paintings and three dimensional constructions by British and Cypriot artists. Sculpture garden also open to the public. Until April 7. Cyprus College of Art, 6 Eleftherias Street, Lempa, Paphos. Open daily: 11am-5pm. Tel: 99-452757 Coloureceivers Solo art exhibition by Savvinos Pareskevas. Until April 12. Gallery Kypriaki Gonia, 45 Stadiou Street, Larnaca. Monday-Saturday: 10am1pm & 4.30pm-8pm. Sunday:11am2pm & 4pm-7pm. Tel: 24-621109
CYPRUS MAIL Tuesday, April 2, 2013
19 To have your event included for FREE in our listings, send details to: Arts Editor, Cyprus Mail, PO Box 21144, Nicosia. Fax: 22-676385. Email: firstname.lastname@example.org Please send your information as early as possible. Include full details, a contact number and good quality photos
Made in Norway
Norwegian innovation: Svalbard Global Seed Vault (left), a transnational high-tech storage facility for the world’s seed banks, was designed to protect the earth from catastrophic crop failure. Oslo Opera House (right), designed by acclaimed Norwegian architectural ﬁrm Snøhetta with its white sloping marble roof, rises directly up from the Oslofjord, allowing visitors to enjoy a stroll and take in views of the city.
Norway, the land of majestic fjords and unique scenery, offers visitors plenty to marvel at. Those who have been lucky enough to visit know how beautiful its landscape is, but not only are its natural surroundings amazing, architecturally it’s a visual treat. During the last couple of decades, Norwegian architecture has attracted international attention and, for the ﬁrst time in Cyprus, Norwegian architecture travels to the capital. From tomorrow, three exhibitions and four lectures will take place at the Architecture Research Centre in Nicosia focussing on contemporary architecture. The “Contemporary Norwegian Architecture #7” exhibition highlights recent achievements in Norwegian architecture completed in years 2005-2010 in Norway and abroad. Norwegian architecture is characterised by a strong relationship with nature. Architects often use simple, locally available materials and clear shapes. Norwegian buildings honour the environment in which they are located. A strong feature is also the emphasis on ecology and sustainability. Thematically, the exhibition is divided into 10 sections and presents a wide selection of projects range: outside of Norway, single house qualities, housing construction installations, new in old, local culture bearers, education and schools, recreation and outdoor activities as well as the National Tourist Routes. The exhibition is divided into 10 thematic sections and presents a wide selection of projects range from small roadside lay-byes, vistas and private homes to complex private and state construction assignments such as award-winning Norwegian National Opera and Ballet in Oslo. This is the seventh of a series of exhibitions about contemporary Norwegian architecture from 1968 to the present day produced by the Norwegian National museum of Art, Architecture and Design and funded by the Ministry of Foreign Affairs. In relation to Contemporary Norwegian Architecture #7, the exhibition’s curator Nina Berre will present the lecture: Backdrop Norway: Contemporary Archi-
Coming Up Other Events Cinema made in Italy The University of Cyprus and the Embassy of Italy is hosting a series of Italian movie screenings at the Anastasios G. Leventis Senate House. Over the next seven weeks a total
tecture on opening night. Berre is also a director of an architecture unit at the National Museum of Art, Architecture and Design in Oslo. Her lecture will address some of the major characteristics and tendencies currently present in the designs by Norwegian architects. The second exhibition, explores the Oslo Opera House, a futuristic gem that lies on the banks of a fjord and Norway’s largest cultural building project in recent history. In the year 2000, Norwegian architect ﬁrm Snøhetta was chosen as the winner of the anonymous architectural competition and after several years of planning and construction the new opera house was opened in 2008. With its marble-clad surface and enormous glass façade sporting solar panels, the Opera is reminiscent of an iceberg rising from the sea. Its sloping stone roof allows members of the public, residents and opera goers alike, to walk over the building, developing a relationship with the public structure. The basis of the exhibition consists of a series of posters with photos and text in Greek and English. Special aspects of the Opera will be highlighted with large prints, a model of the Opera house, and a ﬁlm on loop, made from still photos taken throughout the building period. A companion event to the exhibition is a lecture on April 10, by Jenny B. Osuldsen, one of the world’s foremost landscape architects and designers. Osuldsen is partner in Norwegian ﬁrm Snøhetta, where landscape and architecture have developed into a single idea creating a new and emerging spirit for architectural practices worldwide. This approach, which has grown to include interior and furniture design, has allowed Snøhetta to develop a unique focus that both respects and illuminates the often unseen characteristics of context and programme. Since winning the well-publicised international competition for the Bibliotheca Alexandrina in Egypt in 1989, Snøhetta has continued to establish a global reputation for creating important and high quality designs with integrity and timeless character.
of four ﬁlms will be screened just the once, bringing local audiences closer to Italian cinema. All movies are in Italian with English subtitles and entrance is free, starting off with Caravaggio Thursday evening. Not to be confused with the 1986 Derek Jarman-directed biopic of the same name, this Italianlanguage dramatisation of the life of the controversial artist relays how Caravaggio – a man driven by passion, intensity and lust - also grappled with violence and an
overwhelming love for a prostitute – an obsession that prompted the artist’s downfall. Scialla!, the directorial debut of screenwriter Francesco Bruni is next up, on April 18. Scialla – a typical expression in teenage Roman slang meaning “let it out”, “chill” – is the story of an underachieving writer, currently ghost writing the story of an Italian porn star, who ﬁnds out that the similarly underachieving boy he’s been tutoring is his son. In the highly-anticipated sequel to
The ﬁnal exhibition is “Palimpsest - Norway by Claudio Santambrogio”. The palimpsest series is composed of lith prints, a process using traditional black and white photo paper combined with lithographic developer. This process results in very high contrast, black shadows, delicate highlights and coloured mid-tones. Lith prints tend to have a very gritty/grainy look in the lower mid-tones and shadows. The series of liths comprises of Norwegian buildings built by Norwegian architects and breathe a whole new life into these images. The day after the opening of all three exhibitions, Santambrogio will give a lecture on Thursday entitled “Palimpsest - a 20th Century Carnet de Voyage”. This lecture will explore both the conceptual and technical background. Santambrogio, is a self-taught photographer who works almost exclusively with analogue cameras, Also on Thursday, architect Skevi Farazi will present her lecture “Sub-0 Observations”, which explores body reactions of people experiencing temperatures of -13˚C and its possible relation to architectural expression. Norwegian Architecture Three exhibitions highlighting recent achievements in Norwegian architecture: Contemporary Norwegian Architecture #7, The Oslo Opera House by Snøhetta and Palimpsest – Norway by Claudio Santambrogio. Opens April 3, 7pm until April 26. The Department of Architecture, University of Nicosia, 31 Michael Giorgalla ,Str., Engomi Industrial Zone, Nicosia. Open daily: 9am-6pm.Tel: 22-842600/601 email: info.arc.@unic. ac.cy April 3: 7pm. Lecture by Nina Berre, Directors of Architecture. 8pm official opening of exhibitions April 4: Lecture by Skevi Farazi, Sub-0 Observations 8pm. Lecture by Claudio Santambrogio. Palimpsest - a 20th Century Carnet de Voyage. 7pm April 10: Lecture by Jenny Osuldsen, Snohetta Works. 7pm
crowd-pleasing smash-hit The Last Kiss, Gabriele Muccino picks up 10 years later with Kiss Me Again on May 16. The story follows a group of middle-class 30-somethings, charting their love lives, family relations, friendships and betrayals, creating a beautifully-detailed mosaic of a generation. The Italian ﬁlm screenings rounds off with Bar Sport on May 30. Love stories, cappuccinos, adventures, journeys, champions, children, grandpas, sex and cakes: these are in short bar sport topics. Based on
By Ledha Socratous the cult book by Stefano Benni, considered as the most inventive Italian comedy writer. Nuovo Cinema Italiano A series of italian movie screenings. Anastasios G. Leventis, Senate House, room B108, University Campus (1, University Avenue, Aglantzia). 7.30pm. All movies are in Italian with English subtitles. Entrance is free. Tel: 22-894335 April 4: Caravaggio. A reception will follow April 18: Scialla May 16: Kiss Me Again May 30: Bar Sport
For a full listing of the day’s events see facing page
CYPRUS MAIL Tuesday, April 2, 2013
Television CYBC 1 06.45 08.15
Proti Enimerosi Kali Sas Mera Early morning entertainment magazine featuring segments on cooking, fashion, lifestyle issues and more.
CYBC 2 07.00 08.00 17.00
Kaftes Piperies (rpt) Istories Tou Horkou (rpt) Local comedy series, which happens to be the longest-running show on TV.
Apo Mera Se Mera
18.00 18.50 19.00 19.10
Current affairs show. Local cultural show.
16.00 18.00 18.15 18.45
Mazi Sto CyBC News Kaftes Piperies Paizoume Kypriaka
Moiraia Fengaria Local drama series inspired by Maro Kranidioti’s book ‘Otan i Moira Apofasizei’.
Local period drama, based on true events.
Friends (rpt) American comedy about the lives and loves of six New Yorkers.
22.30 23.30 23.45
Eponymos News Repeats
07.50 08.40 09.30 10.25 11.15
From the skyscrapers to amusement parks, Danny Forster travels the world to break down astounding, complex engineering feats.
12.10 13.00 13.20 14.00
NRG Zone Above Suspicion
Brothers & Sisters (rpt) Fourth season. ‘AZen & the Art of Mole Making’. During her chemo treatment, Kitty is thrilled when a surprise visitor comes to town; Sarah realizes that she must tell her kids about Luc; Holly ﬁnds a way to keep her ﬁnancial future from unravelling; Kevin and Scotty agree on a possible surrogate.
News Vimata Stin Ammo
05.30 06.20 06.50 07.00
Biz/Emeis News In English News In Turkish Build It Bigger
Three-part drama adapted from Lynda La Plante’s fourth novel in her best-selling series about rookie detective Anna Travis. Part 2 of 3.
Local game show, asking questions having to do with the Cypriot dialect.
Euronews Kids’ TV Kati Psinetai (rpt) Show where contestants try to outdo each other by throwing the perfect dinner party, which is then judged on its merits by their rivals.
Album Show Repeats
14.50 15.45 16.40 17.30 17.40
Erotas (rpt) Proini Enimerosi Me Agapi Strivein Dia Tou Arravonos (rpt) Akros Oikogeneiakon (rpt) Lyke, Lyke Eisai Edo (rpt) Einai Stigmes (rpt) Pansellinos (rpt) Tis Agapis Mahairia (rpt) Niose Me (rpt) News Mera Mesimeri Konstantinou Kai Elenis (rpt) To Kafe Tis Haras (rpt) Ta Koritsia Tou Baba (rpt) Oneiropagida (rpt) Lefta Sto Lepto Vals Me 12 Theous (rpt)
MEGA 06.00 06.30 07.00 08.00 09.00 10.00 11.40 14.00 16.00
18.00 18.10 19.00 20.00 21.15 22.15
Tin Patisa (rpt) Niose Me News Vals Me 12 Theous Grey’s Anatomy Enopion Tou Laou News Sports News Radio Arvila
News Erastis Ditikon Proastion (rpt) Epomeni Mera News Klemmena Oneira FILM: Escape To Victory Two soldiers take to the football ﬁeld in a bid to escape their German captors. World War II adventure, starring Michael Caine and Sylvester Stallone. Pele and Bobby Moore also make appearances. 1981.
With News at 18.00.
18.40 19.30 20.15 21.25 22.10 23.10 00.00 00.05 00.30
Ta Epta Kaka Tis Moiras Mou Retire Epomeni Mera (rpt) Master Chef (rpt) Klemmena Oneira (rpt) Proino Mou Enimerosi Tora Eheis Meson Yia Sena
00.00 00.10 01.00 03.00 04.30
News Gimnoi Angeloi (rpt) Yia Sena (rpt) Enimerosi Tora (rpt) Proino Mou (rpt)
06.10 07.00 08.20
Anna Paola (rpt) Protoselido Eleni Variety show featuring entertainment as well as segments on cooking, health, astrology, lifestyle, youth issues and more.
10.00 10.50 12.00 14.30 15.20 17.10 18.00 18.05 18.40
Vasiliki (rpt) Aspra Balonia (rpt) Mesimeri Kai Kati Efta Ourani Kai Sinnefa Alites (rpt) Magazino Siga Min To’ Xeres (rpt) News Ti Tha Fame Simera Mama Anna Paola
PLUS TV 07.20 08.30 09.00 10.00 10.45 11.40 12.30 13.00 15.30 17.00 17.50 19.40 21.00 21.25
19.30 20.20 21.15 22.20
Efta Ourani Kai Sinnefa Alites News Aspra Balonia Al Tsantiri News A highly successful live satirical comedy show that features Lakis Lazopoulos giving ‘his version’ of the news.
Greek drama series.
Horis Oria (rpt) Angigma Psihis (rpt) News Deal (rpt)
02.20 02.40 03.50 04.30
23.50 00.50 01.50
CAPITAL 09.00 09.30 10.00 11.00 11.30 12.30 13.25 14.30 15.25 16.15 16.45 17.35 18.15 19.15 19.50 20.05 21.00
LTV Sports News Star News Repeats
Magikos Cosmos (rpt) Akti Oneiron (rpt) Ston Asterismo Tis Imeras Kouzina Me Apopsi Capital Sports (rpt) Milagros Kids’ TV Telemarketing Top Models Kouzina Me Apopsi (rpt) Sabrina, To Koritsi Tis Agapis Akti Oneiron Paciﬁc Blue News Sports News Igeia & Zoi FILM: Turbulence A convicted killer breaks free of his restraints during a plane trip, and embarks on a murderous rampage. Nail-biting thriller, starring Ray Liotta. 1997.
Eleventh Hour (rpt) First season and only season of drama. ‘Eleventh Hour (Medea)’. A woman escapes from psychiatric care and sets off a bomb at the home of a high-ranking FBI agent who she claims fathered her child and took the baby away from her. She then takes Rachel hostage in a bid to trade the agent for her son.
News Istories Tou Astinomou Beka (rpt) Siga Min To’ Xeres (rpt) Mono Mia Fora (rpt) Se Fonto Kokkino (rpt) Ta Hrisopsara (rpt) Eleni (rpt)
Fotis - Maria Live Best Of Exelixeis Sti Showbiz Mesimeriani Meleti Best Of I Kouzina Me Ti Dina (rpt) Mila (rpt) Berdema (rpt) Star News Mesimeriani Meleti Kids’ TV Berdema Fotis - Maria Live Mila Exelixeis Sti Showbiz FILM: Possession A pair of literary sleuths unearth the amorous secret of two Victorian poets only to ﬁnd themselves falling under a passionate spell. Romantic drama, starring Gwyneth Paltrow. 2002.
Latin American telenovela.
Greek parody show.
01.40 02.30 03.20 04.40
FILM: Xtra Credit A troubled youth has an affair with a seductive woman whose husband is found murdered. Action, starring Pooch Hall. 2009
FILM: Buffalo Soldiers A cunning American soldier stationed in Cold War Germany ﬁnds his black marketeering threatened by a tough new sergeant. Black comedy drama, with Joaquin Phoenix and Ed Harris. 2001.
Hugo (Novacinema2, 17.50)
01:10 South Riding 02:00 The Weakest Link 02:45 My Family 03:15 EastEnders 03:45 Doctors 04:15 Only Fools and Horses 04:45 The Impressions Show With Culshaw &... 05:15 Ideal 05:45 My Family 06:15 The Weakest Link 07:00 3rd & Bird 07:10 Fimbles 07:30 Boogie Beebies 07:45 Tellytales 07:55 Me Too! 08:15 3rd & Bird 08:25 Fimbles 08:45 Boogie Beebies 09:00 Tellytales 09:10 Me Too! 09:25 My Family 09:55 Only Fools and Horses 10:25 The Weakest Link 11:10 EastEnders 11:40 Doctors 12:10 Great Ormond Street 13:05 Fawlty Towers 13:40 My Family 14:10 The Weakest Link 14:55 Only Fools and Horses 15:25 EastEnders 15:55 Doctors 16:25 Blackadder The Third 16:55 dinnerladies 17:30 Great Ormond Street 18:25 The Weakest Link 19:10 EastEnders 19:40 Doctors 20:10 Twenty Thousand Streets Under The Sky 21:00 My Family 21:30 The Impressions Show With Culshaw &... 22:00 South Riding 22:50 As Time Goes By 23:20 Lab Rats 23:50 Outcasts 00:40 Little Britain
07:00 Sunrise Earth 07:55 Stephen Hawking’s Universe 09:30 Out Of The Wild: Venezuela 10:15 Invisible Worlds 11:05 Deadliest
Catch 11:50 Weird Connections 12:15 Mega World 13:05 Really Big Things 13:50 Cafe Racer 14:35 1000 Places To See Before You Die 15:25 Out Of The Wild: Venezuela 16:10 Mythbusters 17:00 Wild Fisherman: Mozambique 17:50 Rodeo 18:40 Cafe Racer 19:05 Chasing Classic Cars 19:30 1000 Places To See Before You Die 20:20 Crisis Control 21:10 Solving History With Olly Steeds 22:00 Wild Fisherman: Mozambique 22:50 Rodeo 23:40 Deadliest Catch 00:30 Crisis Control 01:15 Mythbusters 02:05 Wild Fisherman: Mozambique 02:50 Rodeo 03:40 Cafe Racer 04:05 Chasing Classic Cars 04:30 Solving History With Olly Steeds 05:20 1000 Places To See Before You Die 06:10 Crisis Control
09:30 All Sports: Watts 09:45 Curling: World Men’s Championship 12:00 Cycling: Tour Of The Basque Country 13:00 All Sports: Watts 14:00 All Sports: Eurosport Top 10 14:30 Football: Next Gen Series 15:30 Cycling: Tour Of The Basque Country 18:30 All Sports: Watts 19:30 Shooting: European Championship 20:00 Curling: World Men’s Championship 22:00 Boxing: Wbo World Championship 00:00 Curling: World Men’s Championship
05:40 Desperate Housewives 06:25 Bones 07:10 Raising Hope 07:35 Scrubs 08:00 Grey’s Anatomy 08:50 Masterchef 09:40 Desperate Housewives 10:25 Bones 11:10 Raising Hope 11:35 Scrubs 12:00 Modern Family 12:25 New Girl 2 12:50 Glee 3 13:40 Grey’s Anatomy 14:30 Masterchef 15:20 Desperate Housewives 16:05 Bones 16:50 Raising Hope 17:15 Scrubs 17:40 Grey’s Anatomy 18:30 Masterchef 19:20 Desperate Housewives 20:10 Bones 21:00 Modern Family 21:25 New Girl 21:50 Glee 3 22:40 Raising Hope 23:05 Scrubs 8 23:30 Modern Family 23:55 New Girl 00:20 Glee 3 01:10 Bones 02:00 Desperate Housewives 02:45 Raising Hope 03:10 Scrubs 8 03:35 Surviving Suburbia 04:00 Grey’s Anatomy 04:50 Masterchef
07:30 Action Zone (E) 08:00 Road Trip: Beer Pong 09:40 Hollywood Buzz (E) 10:15 Executive Decision 12:30 Desert Son 14:15 Runaways 16:15 Dennis The Menace 18:00 A Walk On The Moon 20:00 LTV Sports News 21:00 The Boxer 23:00 Heartbreaker 00:50 Hustler TV 02:30 Harry Brown 04:30 Atl 06:30 LTV Sports News (E)
07:00 Kids TV 15:45 Justice League Unlimited 16:10 Legion Of Super Heroes 16:35 Young Justice 17:00 Nba Action 17:30 Barclays Premier League World 18:00 Liga Bbva 2012-13 20:00 Best Premier League Games 20:30 Planet Speed 21:00 La Liga Review 2012-13 22:00 Barclays Premier League 2012-13 00:00 2013 Fia Erc: Canarias 00:30 Planet Speed 01:00 Best Classic Premier League Games 03:00 Barclays Premier League 2012-13
07:15 One Tree Hill 08:00 How To Make It In America 08:30 Strike Back 10:20 According To Jim 10:45 Eastbound & Down 11:15 Hawaii Five-0 12:45 Closer 13:30 One Tree Hill 14:15 Strike Back 16:00 Friends 16:25 Privileged 17:10 Closer 18:00 Luck 19:00 Closer 19:45 2 Broke Girls 20:30 Big Bang Theory 21:00
Mentalist 21:45 C.S.I. Miami 22:30 Ncis: Los Angeles 23:15 Supernatural 00:05 Brighton Rock 02:00 Bleeding 03:30 Friends 03:55 Privileged 04:40 Closer 05:30 Luck 06:30 Closer
13:20 $5 A Day 15:00 John Carter 17:15 Hollywood Buzz 17:50 Hugo 20:00 Super 8 22:00 Water For Elephants 00:05 Point Blank 01:35 Unfaithful 03:40 Cine News 04:15 Mad Dog And Glory
07:15 Oscar Et La Dame Rose (Oscar And The Lady In Pink) 09:15 Dead Calm 11:00 Haunting Of Bryan Beckett 12:45 Green Hornet 15:00 Next Three Days 17:30 La Princesse De Montpensier (The Princess Of Montpensier) 20:00 Corporate Affairs 22:00 Alive 00:05 Daring! TV 04:05 Somewhere 05:45 Lesbian Vampire Killers
19:05 Koyrastika Na Skotono Toys Agapitikous Sou 21:00 War Horse 00:20 Cine News 01:30 Adult Zone
05:00 Bad Teacher 06:35 Encounter With Danger 08:05 The Hit List 09:35 Cine News 10:35 Treasure Buddies 12:10 Films And Stars 12:50 Nicostratos: Le Pelican 14:25 Hollywood 1on1 15:00 Shirley Valentine 18:45 Alpis 20:25 Witchville 22:00 Game Of Thrones 01:10 Machine Gun Preacher 03:20 Gainsbourg: A Heroic Life
2:00 Golf Central International 3:00 Sea Master 3:30 NHL: Nashville Predators At Chicago Blackhawks 6:00 Sports Unlimited 7:00 Morning Drive 8:00 Feherty 9:00 Golf Central International 10:00 MLB: Los Angles Angels At Cincinnati Reds 13:00rag Race High 13:30 My Ride Rules 14:00 Pinks All Out Denver 15:00 European Tour Trophee Hassan II Final Rd. 18:00 PRE GAME(E) 18:45 CHAMPIONSHIP 2012-13: APOLLON VS AYIA NAPA (E) 20:45 POST GAME (E) 21:30 A DIVISION CYPRUS SOCCER CHAMPIONSHIP 22:00 NHL: Nashville Preda-
05:45 A Dangerous Method 07:25 The Ghost And The Darkness 09:15 Cine News 11:25 A Far Off Place
18:55 Restoration 21:00 Anonymous 23:15 Dirty Girl 00:50 I Don’t Know How She Does It
tors At Chicago Blackhawks
06:00 Only Hits 08:00 MTV GreekLips 09:00 MTV Hollywood Heights 10:00 MTV Plain Jane (Commissioned Version) 11:00 Pure Local 12:00 MTV VHI Pop up Video 13:00 MTV Made 14:00 MTV Big Time Rush 14:30 MTV Victorious 15:00 MTV Hollywood Heights 16:00 MTV Crash Canyon 17:00 MTV Pranked 18:00 MTV GreekLips 19:00 Only Hits 20:00 MTV The Hard Times Of RJ Berger 21:00 MTV Underemployed 22:00 MTV Catﬁsh 23:00 MTV The Inbetweeners 00:00 MTV Jersey Shore 01:00 Only Hits
07:00 The Fighting 69th 08:30 The Brothers Karamazov 11:00 The Glass Bottom Boat 12:50 Destination Tokyo 15:05 Little Women 16:55 The Adventures of Robin Hood 18:35 Mogambo 20:35 House Of Wax 22:00 Death In Venice 00:10 The Wrath Of God 01:55 Mr. Skefﬁngton 03:55 The Brothers Karamazov
By Preston Wilder
Anonymous (Novacinema4, 21.00) Not to be confused with the silly satirical show on Mega - though a lot of people were confused by this controversial period piece, asking who was right and who was wrong and what did it all mean anyway. Shakespeare scholars lined up to dismiss its plot peddling the so-called “Oxfordian” theory, viz. that Shakespeare’s plays were actually written by Edward de Vere, 17th Earl of Oxford - as not just unlikely but actively ridiculous, and of course the other side retorted that Shakespeare scholars would say that and the whole thing’s just a big conspiracy anyway. The scholars seem to have a better case (it’s all online if you want to read it) - but it makes for a pretty good yarn,
with Edward (Rhys Ifans) longing to write but trapped by his evil father-in-law and a Puritan England that makes it impossible for an aristo (“In my world, one does not write plays”), forcing him to be anonymous while a tacky lowbrow actor from Stratford-on-Avon reaps all the acclaim. Powerful stuff, though apparently it’s all total rubbish. Or is it? Made in 2011.
Game of Thrones (Novacinema1, 22.00) “Game of Thrones: Why does it inspire such devotion among fans?” wondered a recent BBC article, telling tales of a rabid fan who “recreates scenes from the show on his website via the medium of Lego” or a
California couple who named their daughter Daenerys “after the dragon maiden Daenerys Targaryen”. Fantasy fare always tends to bring out the obsessives, of course - and Game is also very entertaining, albeit in a trashy way that includes lashings of nudity and sadistic violence (bratty King Joffrey being perhaps the main offender in a very competitive field). Season 3 is hotly anticipated, and it kicks off tonight though plot details are sketchy at time of writing. Will the North be ravaged by the scary ice zombies who tramped through the snow at the end of Season 2? Will the aforementioned Daenerys conquer the East? Will the California couple change their minds and name their daughter Sharon? ‘Valar Dohaeris’ is the episode title.
CYPRUS MAIL Tuesday, April 2, 2013
CRYPTIC CROSSWORD 2354 1
PREVIOUS DAY’S SOLUTIONS
11 12 14
HOW TO PLAY: Fill in the grid so that every row, every column and every 3x3 box contains the digits 1-9. There’s no maths involved, you solve the puzzle with reasoning and logic. With the ‘X’ sudoku, the shaded X must also contain the numbers 1-9.
22 23 24
1 Shady hold-up (7) 7 An inspiring thing to do with cigarettes! (6) 8 Put back the pieces of material (7)
1 Leaving car in good condition. It doesn’t pay
Rating EASY Rating HARD
5 Question about power unit was heard (4) 6 Even this hat is a working-class symbol (4-3) 9 Alert ballet dancers often are (2,5,4)
3 Parsley’s unusually thinly scattered (8) 4 How one in the bottom berth will avoid public-
10 Giant tribal leader in anti-movement (5) 11 It is not what it appears to be (8) 13 Wood found in Lancashire (3) 14 Fit properly (4) 15 A slave-driver in parliament? (4) 16 Charge costs nothing – not right (3) 18 Country dweller? (8) 20 Point upwards? (5) 22 What July is to June (7) 23 Authorise production of baleen (6) 24 Correct to change gear? (7)
the motorist to get this! (7,4)
2 Drive back through more pelican crossings
12 The old model car in the chase (8) 14 We take a call that’s tiresome (7) 17 One jumping into a container? (6) 19 Young leading lady? (5) 21 Tramp wanting nothing more than a warm place by the fire (4)
Answers to crossword 2353
CRYPTIC: Across – 1 Implicit; 6 Pill; 8 Eleven; 9 Oddity; 10 Quiescent; 13 Oval; 14 Tan; 15 Rash; 16 Tragedian; 19 Quango; 20 Oppose; 21 Once; 22 Rareness. Down – 2 Mule; 3 Live; 4 Conducted tour; 5 Those in favour; 6 Pedicure; 7 Lateness; 11 Overturn; 12 Elegance; 17 Span; 18 Uses.
QUICK: Across – 1 White-hot; 6 Bach; 8 Eggnog; 9 Become; 10 Recollect; 13 True; 14 Pan; 15 Sump; 16 Autoroute; 19 Alumni; 20 Occupy; 21 Oder; 22 Everyone. Down – 2 Huge; 3 Tang; 4 High explosive; 5 To be or not to be; 6 Backlash; 7 Come come; 11 Troubled; 12 Reformer; 17 Scry; 18 Spun.
ARIES March 21 - April 20
LEO July 23 - August 22
SAGITTARIUS November 23 - December 21
This day seems to have a lot of potential to empower your hard-work and efforts at success. You may even beneﬁt from opportunities which appear without you needing to do very much. Yet today’s Capricorn Moon reminds you that you can’t escape the need to buckle down and apply yourself. Still, a no-nonsense approach can get you where you need to be.
Good news may come your way, but with so many plans swirling around in your head, you may be too restless to decide what to do. You could make use of your desire to learn new things to upgrade your skill set, but that might seem a touch dull. What you’re probably looking for Leo, is something so thrilling it totally absorbs your attention.
A fabulous accent on the unexpected may ﬁll you with novel ideas for having fun and enjoying life. However, if ﬁnances are an issue, you may have to opt for pursuits which are less expensive. Romance is a possibility for you if you’re looking for love. But don’t be too pushy as it could turn off a potential beau. Competitive sport may be the ideal antidote.
TAURUS April 21 - May 21
VIRGO August 23 - September 23
CAPRICORN December 22 - January 20
You may be looking for a steady ﬁnancial approach to marshalling your resources, but plans may be affected by feelings of limitation or a reluctance to be hands-on. There’s no point in spinning your wheels. Instead, heed a friend’s advice. This may provide the answers you’ve been looking for. All this may encourage you to change your priorities.
If nothing seems to go fast enough for you, don’t waste your energy trying to ﬁnd satisfaction. Chances are you might be tempted to splash out using your credit card to ﬁll the void. Be guided by the Capricorn Moon to opt for more relaxed pleasures that bring enjoyment in a slowrelease format. Avoid adrenalin-fuelled adventures or gambles.
A stubborn domestic issue may cause lots of gnashing of teeth and feelings of deep frustration. However, if you keep coming up with innovative and exciting solutions, you may ﬁnally break through. Make way for change in all areas of your home and family experience, and the cosmos should back you up. It’s not a time to cling to the status quo.
GEMINI May 22 - June 21
LIBRA September 24 - October 23
AQUARIUS January 21 - February 19
You may be keen to enjoy the beneﬁts of meeting fastpaced action-orientated types who may inspire you to go for bigger opportunities. The Moon encourages business talks, but those you connect with may be of the traditional type, preferring the slow lane. The trick Gemini is not to put yourself at a disadvantage by being overly impatient.
Fiery words from your partner may set a difﬁcult tone today. It might not be until later that things between you become more positive. They may be feeling frustrated by life and keen to experience something new. Help them out with ideas that encourage adventure and a journey into the unknown. Strangely, you can gain from this too Libra.
You seem to express yourself with creative ﬂair while voicing progressive ideas that can get everyone going. Your words seem to be a catalyst that can encourage others to have a go. Meetings and important conversations seem to thrive with your input. However, opinions may also clash. If so, it will just be part of the rich fabric of the day.
CANCER June 22 - July 22
SCORPIO October 24 - November 22
PISCES February 20 - March 20
An active cycle of opportunity seems to be showing up for you, especially career wise - and is one that could bring about the fulﬁlment you’ve been seeking lately. However, your need to progress things randomly may clash with someone’s desire to devise a working strategy. If you can slow down enough to create a compromise, you could do well.
Allow yourself extra time for routines that may be anything but, and that could actually be disruptive. You may ﬁnd that peace is lacking, but you’ll forego this because you may be enjoying the drama and the chance to be contrary. It’s a great time to make changes, but by rebelliously shaking things up, it could upset a positive possibility.
If you’re willing to do just a bit of ﬁnancial planning, it could help increase your material wealth. You’re in a key phase when ideas for earning extra cash may be continually encouraging you to have a go. If you must splash out, then invest in something that will help you make progress like a course or class. Even a makeover can help for a job interview.
Tuesday, April 2, 2013 CYPRUS MAIL
ADVERTISER helps you find what you’re looking for
€14 (plus VAT)
a week for classifieds (up to 40 words)
Send your classified by fax or email and pay by credit card, cheque or cash. It couldn’t be simpler! Nicosia - email: email@example.com Limassol - email: firstname.lastname@example.org Paphos - email: email@example.com
EMPLOYMENT OPPORTUNITIES ***************************** WANTED: Experienced Dog Groomer - Full/Part time hours For well-established business in Limassol. For more info please contact: 96578094 *****************************
/ Friday / Saturday 25368265 / 99559322 Nicosia 99013596
HEALTH & FITNESS ***************************** FOR PRETTY WOMAN: anticellulite treatment,reﬂexology,aromat herapy massage against stress, back pains,headache. also spa for nails. Tel: 99986991 *****************************
MISCELLANEOUS ***************************** WANTED: COUPLES OF EU CITIZENS LIVING IN CYPRUS We are currently conducting research as regards European families living in Cyprus. If both you and your spouse come from the same or a different country of the EU (except Cyprus and Greece, e.g. both from Germany, or Germany and France), if you have children over 6, and if you are interested in taking part in some research ﬁnanced by the University of Cyprus please contact us 96530033. Participants will complete a questionnaire and participate in a face-to-face interview. They will also receive a symbolic amount of money. ***************************** ALCOHOLICS ANONYMOUS CYPRUS Is drink costing you more than just money? AA could be the answer. Meeting at the following locations/ days. Call to speak to an AA member. Ayia Napa Monday 97798043 Larnaca Tuesday (Polish spk) 96616589 Thursday 24645523 / 99259264 Limassol Tuesday / Wednesday
many large dogs have been taken from the Mesogi/Anarvagos/ Ttremithousa areas. Please call 99622678 if you have seen him
Paphos Tuesday / Thursday / Saturday 99916331 / 99399240 Details of meetings are available on www.aa-europe.net
LESSONS ***************************** PRIVATE TUITION experienced, UK-qualiﬁed teacher offers fulltime or part-time private home tuition in Maths, English, the Sciences, I.C.T., Geography, History, Business Studies and Economics, from KS3 to iGCSE, AS and A2 levels. 9 years experience in Cyprus; references available. Telephone 99318796 – Paphos *****************************
Nicosia - tel: 22 818583 fax: 22 676385
***************************** PROFESSIONAL UPHOLSTERY CLEANING, also carpets, rugs and mattresses. Special offers now available. FREE STAIN GUARD FOR LIMITED TIME For a quote call Rickys Cleaning Services on 99131044 (all areas) firstname.lastname@example.org / www.rcscyprus.net ***************************** PROFESSIONAL ENGLISH PAINTER AND DECORATOR City and Guilds Advanced 46 years experience of interior and external ﬁnishes. Quality work, reliable, estimates and advice freely given. Tala based Phone Terry 96407703 K.D.FLYSCREENS LTD. We manufacture top quality sliding screens, opening doors and roller systems. We also do repairs. For a FREE QUOTE please contact Phone: 99119582 Website: www.kdﬂyscreens.com SWIFT SERVICE AND REPAIRS air-cons, commercial and domestic fridges and freezers, ice machines, cool rooms, supply and ﬁt air-cons VRV S. Call Nik on 99579602 Limassol ***************************** DO YOU WANT A SHINY LOOKING FLOOR? Full repair & restoration of chipped, scratched, dull and stained, Marble, Terrazzo, Stone & Ceramic tiled ﬂoors and surfaces. Professional cleaning, repair & sealing of internal/external ceramic tiles & grout lines. For a free professional consultation & demonstration contact Mark at Premier on 70006766 All areas *****************************
***************************** HONEY is a 3 month old pincher/ terrier mix. She is very small sized and very sweet and playful. Honey is looking for a loving family to be hers forever! She will remain small sized so she is ideal for a family with an apartment! For adoptions call 99 520 511 Monday-Friday between hours 10-2 or email ndsadoptions@ gmail.com *****************************
FOR SALE MISCELLANEOUS ART AND WATCH collector purchases art works and watches in cash. Watches: only high end pieces with the original box and invoice. Art works: international artists for which the provenance can be clearly proved. Send details/pictures to laurentjones1@ gmail.com ***************************** FOR SALE: Electric Cooker, Bosch 4 ceramic hotplates and oven, used 1 1/2 year, €350 For further information contact phone 99757511 ***************************** FOR SALE – PAPHOS CATERING EQUIPMENT 1. Industrial freezer – CORECO Height 200cm, width 68cm, depth 58cm 2.
Electrolux Freezer, model EUC3109X, width-595mm, height-1800mm, depth- 623mm, freezing capacity-24kg/24hours, energy class A
3. CONVOTHERM OVEN modelOBG 6.10Combi Oven-Steamer with Gas Steam Generator Extra: Stand with stainless steel shelving, extractor fan, water supply system and gas installation connections, PLUS CHAFING TRAYS & THERMO BOXES, ALL IN EXCELLENT CONDITION AT REDUCED PRICES. PLEASE CALL : 99622678 *****************************
FOR SALE BUSINESS/ PROPERTY/LAND
***************************** LAND FOR SALE (8 plots) Lakatameia - Nicosia Residential green area. Easy access to the City Centre Call Michael Messaritis: 00357 99622929
LOST HUSKY – PAPHOS Answers to the name of Chico went missing on Monday the 4th of February around the International School area chipped Paphiakos Animal Welfare have advised that
FOR SALE plot of land with sea view. In Chlorakas area. Very quiet and private location. Title deed. Tel. 99519370. ***************************** LIMASSOL 1) GREAT INVESTMENT OPPORTUNITY PLOT OF LAND FOR SALE 1,789 sq.m, IN THE AREA OF AGIA ZONI BUILDING FACTOR 140% WITH TITLE DEED.
Limassol - tel: 25 761117 fax: 25 761141
The land is located at a central point in the city, very close to various amenities and has excellent accessibility. Tel: 96885030 owner 2) RESIDENTIAL LAND FOR SALE GREAT INVESTMENT OPPORTUNITY The plot of land is located in the area of Foinikaria Total area 5,686 with a 20% Building Factor Tel: 96885030 owner ***************************** PAFOS 1) PLOTS OF LAND FOR SALE ANAVARGOS AREA GREAT INVESTMENT OPPORTUNITY The plots can be sold as a single unit or individually. From 626 sq.m up to 776 sq.m with building factor 60% and title deeds. Mountain and sea view with nice villas developing around the area. Tel: 96885030 owner 2) COMMERCIAL PROPERTY FOR SALE IN KATO PAFOS 96sq.m The shop is within the ‘’Limnaria Complex’’ and faces the main road Melina Mercouri Avenue It’s in good condition with suspended ceiling, recessed lighting, VRV AC, ﬁtted carpet, motorised shutters, CCTV and more. Tel: 96885030 owner ***************************** LAND FOR SALE MITSERO. 7 skalas. 10% build. South facing, unobstructed views. Access road, water, electricity. Fenced compound with 48sq.meter timber framed 2 bedroom unit, septic tank, grey water system, storage, workshop. €135,000 mobile 99594205 pumpitch@hotmail. com PLOT FOR SALE IN KATO PLATRES in a pine tree area. It comes with title deeds, 1095 square feet. Tel. 99881051. FOR SALE LAND in Anthoupoli (half plot) 288 sq.metres. for information 99621554.
FOR SALE MOTOR VEHICLES CARS BOUGHT FOR CASH. Contact Mike on 99166532 Mike Johnson Cars e-mail email@example.com Web Address www.mikejohnsoncars.com
PROPERTY TO LET
Paphos - tel: 26 911383 fax: 26221049
open plan €1000 f/f €1200, Nicosia 3 bedr., f/f, luxury €1000 f/f, Latsia 2 bedr., pool €430, Strovolos f/f house 4 bedr €1300, Mak/ ssa ground ﬂoor house detached €850 Photos www.markidesestates.com Markides 22- 378898 / 99464764 Reg.No. 487 E 16 ***************************** LUXURIOUS APARTMENT FOR RENT - A luxurious one ﬂoor apartment situated in central Nicosia in an area of exceptional Beauty at 3 Museum Street, is available to let. It has been recently renovated and consists of four bedrooms, two bathrooms, big dining and sitting rooms, kitchen and a huge veranda. Approximate covered area 250 sqm. Tel: 99622370. ***************************** TO LET 1 bedroom upper ﬂoor house, large veranda near restaurant Periyiali in Acropolis 5 Aeantos Street €300 call 99680208 ***************************** FLATS/HOUSES FOR RENT Ag. Andreas studio €290, Kennedy €300, 1bdrm Str/los €400, Makarios av. €500, 2 bdrm European University furnished top ﬂoor €600 Ag. Dometios ground ﬂoor + garden €450, Lycavitos furnished €530, Ag. Paylos rear house newly built €450, 3bdrm M/ssa ground ﬂoor €700, Archangelos detached with pool €1,200, 4bdrm Kosta Theodorou new house €1,100, Ag. Andreas g/f €900, Ag. Omologites colonial traditional house pool €2,500. 21 property Finder Ltd. 99474839, 99646822, A.M.627 A.A.108/E ***************************** LUXURY HOUSES: 1. 4 bedr luxury detached house built in 3/4 of a plot, ofﬁce space, central heating, full a/c, big sitting and dining area, separate big kitchen with family room and all the electrical appliances, blinds and curtains on all windows, aluminium shutters, big garden with grass, 3 wc, covered parking, in a quiet area – Strovolos €1000 (H4ST10051-R), (photos in the website) 2. 3 bedr luxury terraced house, 210sq.m,central heating, full a/c, marble ﬂoor in the sitting areas and solid parquet ﬂoor on stairs and bedrooms,4 wc,3 bathrooms, 2 en suite, big verandas, electrical appliances in the kitchen, 3 covered parking spaces, roof garden access, in a quiet neighbourhood on Mon Parnas hill – Engomi €800 (photos in the website).
FOR RENT a spacious two bedroom apartment, near Hilton and Central Bank. Living/dining room, sitting room, large veranda, kitchen, c/h, s/h, covered parking. Title deeds. Tel. 99519370. ***************************** HOUSES/FLATS
3. 3 bedr detached house with extra room for ofﬁce, 250sq.m, central heating independent, 4 a/c, big renovated kitchen with cooker and oven, big sitting and dining room with parquet ﬂoor and ﬁreplace, 1 bathroom, 2 shower, 3 wc, 2 covered parking, double glazed windows and shutters in bedrooms, big verandas surrounded by trees and bushes off 28th October street IN the central part of Makedonitissa – €1100 (H3MAK0004-R) (photos on the website)
2 bedr. lux. ﬂat, Ayioi Omoloyites, wooden ﬂoors €800, 3 bedr. Acropolis c/h a/c wooden ﬂoors €650, Mak/ssa 3 bedr., modern,
4. 3 bedr luxury semi-detached house with character, 200sq.m, central heating, full ac, sitting and dining room with ﬁreplace,
Larnaca - tel: 24 652243 fax: 24 659982
classified contents Employment Opportunities pg 22 Employment Miscellaneous 22 Pets 22 Lessons 22 Health & Fitness 22 Personal 22 Services 22 For Sale Miscellaneous 22 For Sale Land/ Property Business 22 For Sale Motor vehicles 22 Properties Wanted -To Let Nicosia 22 To Let Limassol 24 To Let Larnaca 24 To Let Paphos 25 To Let Protaras, Ayia Napa, Paralimni -For Sale Nicosia 27 For Sale Limassol -For Sale Larnaca -For Sale Paphos 27 For Sale Ayia Napa -For Sale Famagusta Protaras 27 For Sale Athens -Property& Home Services display ads --
abbreviations bdrm c/h a/c s/pool f/f apt pm pw sw nw st rd p/s c/l swb r/cass e/w
bedroom central heating air conditioning swimming pool fully furnished apartment per month per week south west north west street road power steering central locking short wheel base radio cassette electric windows
Please note tel nos. that begin with: 22 = Nicosia 23 = Paralimni/Protaras 24 = Larnaca 25 = Limassol 26 = Paphos
CYPRUS MAIL Tuesday, April 2, 2013
Advertiser TO LET NICOSIA big kitchen with cooker and oven, dishwasher and refrigerator, nice mature garden with ﬂowers, trees and small garden with grass, covered parking, 3wc, 2 bathrooms in a quiet neighbourhood. Available middle of January. Agios Andreas - €1200 - H3AAD0001-R (photos on website). 5. 3 bedr luxury house, ofﬁce space, attic room, with central heating, full a/c, separate kitchen, NICELY MODERN FURNISHED, 2 verandas, in a quiet area – Lakatamia €680 (H4LAK009-R), (photos in the website).
TO LET NICOSIA garden with grass and bbq area,3wc, central heating, full a/c, covered parking, in a very quiet neighbourhood – Archangelos €1200 (H4AR0017-R), (photos in the website). 8. 3 bedr +ofﬁce space partially renovated detached ground ﬂoor house, 280sq.m, central heating with oil, full a/c, 3wc, separate tv room, big sitting and dining area, big verandas around the house, bbq area, covered parking, private yard near the parking.– Strovolos €1200 (H4ST10048-R), (photos in the website).
7. 4 bedr luxury detached house with big sitting and dining room with parquet ﬂoor, separate big kitchen with family room and all the electrical appliances, small
9. New modern luxury very good quality ﬁnished semi detached house built in 3 levels. Upstairs 1st level 3 bedrs all en suite+ laundry room, 2nd level big attic room which can be used for ofﬁce space or bedroom. Ground ﬂoor with 2 sitting areas ,dining area and breakfast area, kitchen with all the electrical appliances, central heating, full a/c units. Basement with kitchen with cooker and oven, dishwasher, microwave and 2 refrigerators, sitting room with ﬁreplace, and 2 bedrooms with one bathroom. Outside private fenced garden
English-Painter & Decorator
6. 3 bedr + attic room with shower and wc luxury detached house with central heating, a/c, ﬁreplace, modern kitchen open plan with expensive electrical appliances, blinds, garden with grass, over ﬂow swimming pool, covered parking in a quiet area. – Makedonitissa €1600 (H4MAK0023-R), (photos on the website).
2 bedroom, 2 bath apartment in Larnaca near new hospital. €400 per month including service charge and refuse collection Call 99358916
Fully Qualified 30 years’ Experience SUMMER OFFER 30% OFF ALL AREAS • External & Internal painting • Damp Damage Repairs • Spritez Repairs • Free Estimates + very clean work • All areas. All types of woodwork stained and preserved • All work guaranteed
Tel. Tony on 99176557
TO LET NICOSIA with artiﬁcial grass, bbq area and covered veranda. The house has blinds and shutters on all windows, false ceiling with spot lights throughout house, pressure system, covered parking, satellite dish, central music and network system, storage room, very good double glazed windows. Behind General ﬂooring in the centre of Makedonitissa €2000 (H4MAK0001-R), (photos on the website). 10. 4 bedr semi detached house with central heating, 4 a/c, 3 wc, 2 bathrooms, 180sq.m, electrical appliances, small yard, bbq area, off Kostantinoupoleos street near French ambassador residence.- STROVOLOS €700 (H4ST10043-R), (photos in the website). 11. 4 bedr new luxury ﬁnished detached house with central heating independent, full a/c, 3wc, 2 bathrooms, big kitchen with cooker oven, dishwasher and big family room, aluminium shutters in all the house, separate big sitting and dining room with parquet ﬂoor, 2 covered parking, alarm system, big covered patio, SWIMMING POOL, in a newly
TO LET NICOSIA built area near Falcon school – Strovolos €2000 (photos in the website). 12. 3 bedrs luxury 2 storey, FULLY RENOVATED LISTED HOUSE with high ceilings in the centre of Nicosia, 260sq.m, 2 small attic rooms, big sitting room upstairs, big sitting room and dining area downstairs, wooden ﬂoor, kitchen with all the electrical appliances, 2 bathrooms (one en suite),3wc,CH independent, A/C, big garden – Nicosia Centre €1400 (H4NIC0002-R), (photos in the website). 13. 3 bedr upstairs and 2 separate bedrooms in the basement luxury detached house (all the bedrooms with en suite bathrooms/ shower), also separate kitchen and sitting room in the basement which also has separate entrance from the house, central heating, full a/c, solid parquet ﬂoor throughout house, big sitting and dining room with ﬁreplace, big fully equipped kitchen with breakfast area and family room, big over ﬂow, swimming pool with covered patio area with fully equipped bar (bbq, fridge, freezer, cooker), mature
SELECT Fencing & Decking Specialist For all your Garden and Security Fencing ♦ Quality approved workmanship ♦ 15 years experience + guaranteed work ♦ English workers ♦ also garden gates ♦ sheds ♦ chain link fencing ♦ free estimates ♦ all types of fencing & decking
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TO LET NICOSIA garden around the house,2 parking places, alarm system near the Cyprus Conference Centre – Platy Aglantzias €3500 (H5PAG0002-R). 14. 4 bedr very big luxury semi detached house 350sq.m, with big separate basement 80sq.m with 2 rooms, sitting room, kitchen and bathroom. Consists of big sitting and dining areas upstairs, big kitchen with big family room and breakfast area, big bedrooms, 3 showers, 1 bathroom, central heating, full a/c, black out blinds on all windows, cooker and oven in the kitchen, covered parking and patio with bbq in a very quiet neighbourhood close to Makarios football stadium. CAN BE RENTED FURNISHED, PARTIALLY FURNISHED OR UNFURNISHED - Makedonitissa €1500 (H4MAK0032-R), (photos in the website)
TO LET NICOSIA 15. 4 bedrs new luxury detached house, all the bedrooms very big and all with big bathroom/ shower, sitting room upstairs, attic room with shower and wc, ofﬁce space/maid’s room with shower and wc, central heating, full AC,450sq.m, big sitting and dining areas, big kitchen with sitting area and ﬁtted cooker and oven, 6wc, 2 covered parking, yard with tiles and SWIMMING POOL, bbq area in a very quiet neighbourhood near CYBC ( RIK) station and near a neighbourhood park – Platy Aglantzias €2500 (H4AGZ0005-R), (photos in the website) For many more properties with photos visit our website at www.landtouristestates.com which is updated daily. LANDTOURIST ESTATES LTD 22422225/96-422225/96422226, www.landtouristestates.com
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Tuesday, April 2, 2013 CYPRUS MAIL
Advertiser TO LET NICOSIA ***************************** LUXURY FLATS: 1. 3 bedr luxury ﬁnished spacious ﬂoor apartment with very big sitting and dining areas with family room with ﬁre place, solid parquet ﬂoor all through, central heating independent, full a/c, all the bedrooms with en suite shower/bathroom, 4wc, big kitchen with all the electrical appliances, blinds on all windows, big covered veranda, covered parking, big storage room, on a small 3 storey building in a quiet neighbourhood – Agios Andreas€1300 – A3AAD0005-R (photos on website). 2. 1 bedr spacious fully luxury renovated apartment,60sq.m, big sitting and dining room, big bedroom, fully newly modern furnished with LCD TV 32’, covered veranda, covered parking, storage heaters, full a/c, near Cyta, Laiki and Hellenic Bank headquarters – Dasoupolis €550 (photos in the website). 3. 2 bedr penthouse apartment, 100sq.m + 80sq.m veranda with ﬂowers and bbq, big sitting and dining room with big 60” TV, storage heaters, full a/v, 2 wc, en suite bathroom/jacuzzi, roman blinds, cooker, oven, microwave, washing machine and refrigerator in the kitchen, covered parking, near Metro supermarket – Aglantzia €600 (photos in the website). 4. 2 bedr luxury ground ﬂoor apartment with central heatingindependent, full a/c, structure cabling internet and satellite network, FULLY MODERN EXPENSIVE FURNISHED, with 46”LCD TV, covered parking, double glazed windows, aluminium shutters, on Pericleous street near Klimataria trafﬁc lights –
TO LET NICOSIA
TO LET NICOSIA
Strovolos €650 (A2ST10054-R) (photos in the website)
(A2AOM0003-R) (photos in the website)
5. 4 bedr new spacious luxury ﬁnished ﬂoor apartment with ﬂoor heating independent, full a/c, 3wc, electrical appliances in the kitchen, blinds on all windows, very big 50sq.m covered veranda, ﬁreplace, covered parking and big over ﬂoor heated covered swimming pool on the ground ﬂoor, on a small 3 storey building in a quiet neighbourhood near a playground and near Ippokration private hospital – Engomi €1500 (A4ENG0003-R) (photos in the website)
9. New top quality 2 bedr apartment, 93sq.m+20sq.m veranda, on a small modern building with 6 ﬂats only. Central heating independent, full a/c, 2 bathrooms, 2wc, fully ﬁtted kitchen with all the electrical appliances, water pressure system roller blinds and shutters on windows, big sitting and dining room, big bedrooms, covered parking and storage room, in a quiet neighbourhood near Akropolis park. AVAILABLE end of March – Acropolis €800 A2ACS0002-R (photos in the website) .
6. 1 bedr new luxury apartment in a modern building (TSENTAS),with central heating ind, 2 a/c, cooker and oven, refrigerator and washing machine in the kitchen, parquet ﬂoor, NICELY FURNISHED big covered veranda, big sitting room off Kyriakou Matsi street, 1 km from the centre €460 (A1AOM0002-R), (photos in the website). 7.
1 bedr cozy luxury apartment,60sq.m,parquet ﬂoor, nicely furnished ,all ﬁtted electrical appliances (cooker, oven, microwave, washing machine, dishwasher, fridge), roman blinds, provisions for home cinema, big covered verandah, storage heaters, 2 a/c ,covered parking in Dasoupolis near Alpha Mega supermarket and Areteion hospital. – Dasoupoli €470 (A1DAS0009-R) (photos in the website)
8. 2 bedr spacious renovated apartment 100sq.m with separate big kitchen, air condition for hot and cold in all the rooms, covered veranda, nicely newly fully furnished , off Kyriakou Matsi street very close to the centre on foot– Agioi Omologites €500
10. New luxury ﬁnished 1 bedr penthouse apartment with big verandah with nice view, in a small modern building,55sq.m,storage heaters,2 a/c, blinds on the windows, expensive electrical appliances(cooker, oven, extractor, refrigerator, washing machine, dryer),covered parking and storage room, off Kalippoleos street opposite Dessange Day Spa near the University – Lykavitos €420 (A1LYK0002-R), (photos in the website). 11. 3 bedrs luxury penthouse one ﬂoor apartment in a small building with 3 apartments,250sq.m plus big covered verandas, ﬁre place, solid parquet ﬂoor,2 bathrooms,3 wc, cooker, oven, fridge, washing machine and dishwasher in the kitchen, CH independent, full a/c, big reception areas opening to the verandas, pressure system and 2 Pcovered with remote control entrance, walking distance to the centre very close to Debenhams €1300 (A3NIC0028-R), (photos in the website) 12. 2 bedr new modern luxury ﬁnished apartment with parquet
TO LET NICOSIA ﬂoor, central heating independent, 2 a/c, modern kitchen with all ﬁtted expensive electrical appliances, blinds on the windows, big covered veranda, FULLY NICELY FURNISHED, covered parking in a quiet neighbourhood off Kallipoleos Street - Lykavitos €700 (A2LYK0024-R) (photos on the website) 13. 3 bedr luxury penthouse apartment with central heating independent, full a/c, 2wc, big sitting and dining room with ﬁreplace, separate kitchen, NICELY MODERN FURNISHED, big covered and uncovered veranda, covered parking, in Strovolos near the Municipal building - €650 (A3ST10014-R) (photos on the website) 14. 3 bedr spacious luxury ﬁnished apartment 150sq.m+30sq.m covered veranda, central heating independent with petrol, full wall a/c units, solid parquet ﬂoor, expensive electrical appliances in the kitchen, 3wc, curtains and blinds on windows, 3 COVERED PARKING, storage room, near Pizza Hut in Strovolos €1100 (photos in the website). 15. 3 bedrs luxury penthouse,165sq. m+80sq.m verandah with bbq, central heating ind, full AC, 3 wc, 2 bathrooms, solid parquet ﬂoor all the ﬂat, big kitchen with dining area, fully MODERN FURNISHED, covered parking off Athalassa Avenue near Stephanis Electrinics and English school – Strovolos €800 (A3ST10013-R) (photos in the website) 16. New luxury ﬁnished 4 bed PENTHOUSE apartment in a small modern building, 186sq. m+90sq.m big veranda with nice view, separate ﬂoor heating, fully air conditioned, 4wc, 2 en suite bedrooms with shower,1
TO LET NICOSIA bathroom, solid parquet ﬂoor all through, big sitting and dining areas with electric modern shutters opening to the veranda, fully equipped kitchen with expensive electrical appliances, 2 parking places (1 covered), in a very quiet neighbourhood ,near the Russian Embassy. AVAILABLE END OF MARCH –Engomi €1900 (A4ENG0005-R) (photos in the website) For many more properties with photos visit our website at www.landtouristestates.com which is updated daily. LANDTOURIST ESTATES LTD 22422225 / 96-422225 / 96422226 www.landtouristestates.com
***************************** 2 BDRM ﬂat in the centre of Nicosia. Rent €450. For information call 99453663, 99663927.
LIMASSOL FOR RENT ofﬁce of around 85m2, with partitions, kitchenette and parking in a peaceful, green yet central area at Helladion House(off. 302; 3rd ﬂoor), 5 Andrea Kalvou Str. For viewing, please call Ms. Jenny on 25-340987(3rd ﬂloor of building; ofﬁce hours). For further details, please call 25-521873 after 8:00pm. UN-DETACHED HOUSE for rent in Apshiou village, 2 bedrooms, kitchen, sitting room, bathroom with solar water heater. A/C, satellite, 15mins to roundabout. €350. Tel 25369219, work 10.30-17.30 25542968 home 99773151 TO LET Large 4 bedroom unfurnished house in the village of Asomatos nr Akrotiri Limassol. Fully
TO LET LIMASSOL A/C & Heating (storage heaters). 5 wc’s, large kitchen/diner, lounge and sitting room. Large loft with own shower/wc (suitable for ofﬁce/playroom/gym). Carport - prominent position in cul-de-sac - lots of parking. €850 pcm (negotiable). Available from April 2013. Tel. 99831431 TRADITIONAL VILLAGE STONE HOUSE IN APESHIA. Very quiet village, 20mins from Limassol. Road to heritage school/Troodos. 2 bedrooms, ofﬁce available top ﬂoor with veranda great view of mountains. Small courtyard with trees. Electric solar water. A/Ctoilet in main bedroom. Semi/ full furnished. Fitted kitchen with electrical appliances, ﬁreplace. Toilet/shower. €550pm negotiable. Tel 96891800. GROUND FLOOR HOUSE, furnished renovated this year. Laminated parke ﬂoor, and big wardrobes in the 3 bedrooms. Rent €590.00 Tel 99497576 99886775
LARNACA IMPRESSIVE three bedroom ﬁrst ﬂoor apartment, Pyla. Large lounge, balcony, seperate kitchen, furnished. Flyscreens, ceiling fans, aircon. Upstairs three double bedrooms, balcony, sea views. Bathroom. Downstairs toilet. Free internet. Digi box. Garden,Patios,Gazebo, Pavilion. €550 euros pcm. Tel 99935294 www.improdiavilla.com/jr486 FOR RENT fully furnished 1 bedroom ﬂat near Larco hotel Larnaca. Price €370. Tel 99202543 1 BEDROOM ﬂat in Ermou Square area Larnaca - 2 bedroom ﬂat in Phaneromenis area Larnaca.
CYPRUS MAIL Tuesday, April 2, 2013
Advertiser TO LET LARNACA
TO LET PAPHOS
Call 96693375 ***************************** 1. Superior Real Estate Larnaca. 3 bedroom detached unfurnished property set on a fantastic development in the village of Tersefanou. Available for immediate occupation. Ref. TLL973. Tel 24815926 2. Superior Real Estate Larnaca. 2 bedroom fully furnished apartment, nr the Metro/American Academy Larnaca. Ref. TLL1654 Please call to arrange a viewing Tel. 24815926 3. www.superiorrealestatelarnaca.com – LARGE RANGE OF RENTAL PROPERTIES. From studio apartments to 5 bedroom villa’s for rent, all properties have detailed descriptions, professional photographs. Interactive Virtual/Video Tours. Please visit our website. www.superiorrealestatelarnaca.com 4. www.superiorrealestatelarnaca.com - License No. 419. LANDLORDS AVERTISE YOUR PROPERTY WITH US FOR FREE. Tel. 24815926 Email. firstname.lastname@example.org
with en-suite, airconditoned throughout, garage for 2 cars, storage room, swimming pool, with established garden, quiet area, beautiful mountain and sea views, euro 600 p/m – o.N.O call: 99553741 ***************************** FOR RENT a selection of 1 to 5 bedroom houses & apartments F/F & U/F Universal, Peyia, Tomb of the Kings, Tsada, Timi, Kato Paphos & Kissonerga Landlord & Owners please call 99329357 Or please view at our website www.cyprussands.com Fully Registered Company in Cyprus ***************************** CHLORAKAS: 3 Bedroom unfurnished villa private swimming pool, utility room, walking wardrobes, en suite shower 180 m2 covered area fenced garden fully a/c, € 575 p/m For more information’s phone 99400697 ***************************** KISSONERGA - Beautiful Detached U/F 3 Bedroomed Villa, Large Pool, 2 Bedrooms Upstairs Master En-suite, Family Bathroom, modern Fitted Kitchen, Downstairs Bedroom
FULL TIME DOMESTIC WORKER WANTED
3 BEDR DETACHED VILLA + POOL, central heating, covered garage, garden, 2 bedrs en suite, lovely view, quiet area, furnished or unfurnished. (Near Tsada golf course) tel.99 60 33 30 ***************************** KISSONERGA, 3 bedroom villa, unfurnished, 2 bedroom upstairs one with en-suite+ extra w/c upstairs, 1 bedroom downstairs
HOUSEWORK + GARDENING + CARER DRIVERS LICENCE REQUIRED PAPHOS AREA TEL : 99047855
TO LET PAPHOS with En-suite Shower room, Low maintenance Garden, Large Terraces and Separate Storage Room €600. TALA - Modern 2 and 3 bedroom apartments U/F, P/F and F/F, some with communal pool, A/C, Separate Storage and own Parking €325. TREMITHOUSA - Traditional Spacious 3 Bedroom, 2 Bathroom, and Large Mature enclosed Garden, Open Fireplace, Beautiful Fitted Kitchen, A/C, Wonderful Family Home €400. EMBA - Spacious 2 Bedroom Corner house ,U/F, Separate Downstairs Cloakroom, Balcony, no garden €300. URGENTLY WANTED – 2/3 Bedroom F/F Properties
INDOOR MARKET & CAR BOOT SALE FRIDAY – SATURDAY – SUNDAY 8:00AM – 2:00PM ALL YEAR ROUND VISIT US NOW FOR:
ba m ch Le ur Ch
FRESH VILLAGE FRUIT AND VEGETABLES WATCH REPAIRS & JEWELLERY POTTED FLOWERS NEW & USED HANDBAGS & CLOTHES SECOND HAND BOOKS COMPUTERS & TELEPHONE ACCESSORIES SECOND HAND FURNITURE & ANTIQUES INDIAN TAKE AWAY HOME MADE FRESH CAKES & PIES FROZEN FISH CHILDREN’S TOY’S AND MUCH MORE ….
GREAT PRICES FOR ALL !!! STALLHOLDERS & CAR-BOOTERS WELCOME COFFEE SHOP ALL ENQUIRIES CALL: 96533839/99771532
TO LET PAPHOS MORE PROPERTIES AVAILABLE FOR INFORMATION PLEASE CALL 99862922 ***************************** TOK’s – 2 bedroom, 2 bathroom, Immaculate, very high spec top ﬂoor apartment, Luxury furnished with Flatscreen TV’s in living room and bedrooms, lift, pool, beautiful development, fantastic location €425 pm Lower Peyia – 4 bedroom, 4 bathroom Modern Unfurnished Villa with beautiful sea views. Spacious villa with wood burner, utility room, white goods, storage area, alarm system, low maintenance manicured garden & private pool €1100 pm Lower Peyia – Good size detached 3 bedroom Villa in lovely residen-
TO LET PAPHOS tial no through road, separate kitchen, well maintained, large balcony, private pool and garden with sea views €750 pm Universal - 2 bedroom fully furnished ground ﬂoor apartment, a/c, large bedrooms, communal pool, o/s parking €350 Please contact us whatever your rental requirements as we have many other properties available. LANDLORDS/OWNERS – We always require more properties to list for waiting clients. Please call NOW: 96241965
TO LET PAPHOS ***************************** PEYIA, luxury villa, 3 double bedrooms, 3 bathrooms, fully or part furnished, private pool, quiet location, paved garden area, sea and mountain views. Sky satellite, euro 650 ono, please call: 99771532 – no agents ***************************** KILI – PAPHOS, 3 bedroom villa, with swimming pool and garden, unfurnished, gas central heating, large verandas, lovely mountain views, very quiet and tranquil area, €475 per month o.n.o. Call : 99479006
Apartment or House in Cyprus A four bedroom Semi Detached house in the East Midlands, less than three miles from Clumber Park, is offered in exchange for a 2 bedroom (minimum) residential property anywhere in Cyprus.
DESCRIPTION: • 4 bedrooms with one being a Granny Flat extension (built at a cost of £17,000) • £25,000 recently spent on modernisation • 2 bathrooms (I full bath, one walk-in shower) • Bathrooms recently renovated and professionally tiled at considerable cost • New expensive kitchen with breakfast island and central extractor fan • Specious open plan sitting room – dining room • Economical Gas central heating with latest “90% efﬁcient” Vaillant combi boiler • Laminate ﬂooring with damp protection and OSB insulation on ground ﬂoor • Short walking distance to a School • Short walking distance to Golf Course • Satellite TV cable access in every room • Insulated walls and ceiling • No ﬂooding possibility • Three outside storage rooms (one with toilet) • Corner plot • Friendly, helpful neighbours on quiet and crime free road
Property is free of all liens and ready to be transferred to new owner on completion of the agreement. Any cash difference must be in favour of the UK property. I am willing to consider a Cyprus property without title deed, provided relevant problem is not practically insurmountable. If interested, please email Natalie at: email@example.com
Tuesday, April 2, 2013 CYPRUS MAIL
Advertiser TO LET PAPHOS LOW COST, long term 3 bedroom bungalow, Polis area, Gialia village, on 3 acres of property, large variety of fruit trees, extremely private with panoramic mountain and sea views, unfurnished, swimming pool, a/c and ďŹ replace, fence around the property â‚Ź550 per month ono â€“ available from 1st of April For more info call: 99 442485 ***************************** MR RENT PAPHOS, the leading property rental agency in Paphos ofďŹ ce: 26271858 (00357) if you have a property to rent we are the rental agency to contact offering full property management & rent collection service 1. Anarita â‚Ź375 beautifully furnished modern 2 bedroom townhouse situated on a quiet complex with air conditioned spacious gym also communal pools & well tended gardens. Townhouse offers modern quality furniture & ďŹ ttings. Guest wc and small patio garden. Viewings highly recommended. Website reference number: RTL_667 2. Tombs of the Kings â‚Ź400 spacious 3 bedroom ground ďŹ‚oor
TO LET PAPHOS
TO LET PAPHOS
apartment (120 sq meters) conveniently located close to bus stop. Less than 10 minutes walk to tomb of the kings road & old town. Beautifully presented, fully furnished with ďŹ‚yscreens & a/c throughout. Enclosed garden. Pets allowed at owners discretion. Website reference number: RTL_662 3. Peyia â‚Ź550 modern detached 2 bedroom villa, situated on private road. Available unfurnished though includes central heating throughout, pressurised water & security alarm system. Modern ďŹ tted kitchen & bathrooms. Roof terrace with sea views & private pool. Website reference number: rtl_447. Also available modern detached 3 bedroom villa on this private road. Website reference number: RTL_572 4. Mesogi â‚Ź700 spacious 4 bedroom villa plus playroom or ofďŹ ce including gas central heating. One bedroom & bathroom on ground ďŹ‚oor. Available unfurnished. Enclosed low maintenance garden with private pool offering privacy & views over countryside. Situated in a quiet residential area. Website reference number: RTL_618
5. Lower Chloraka â‚Ź750 spacious detached 3 bedroom villa offering stunning views of the sea. Situated in a quiet residential street opposite orange groves. Gated entrance, enclosed good sized low maintenance mature garden with fruit trees & private pool. Spacious living area with real ďŹ replace. Downstairs guest wc. Master bedroom with ensuite. Available fully furnished. Website reference number: RTL_550 6. Kamares Tala â‚Ź850 a stunning detached villa offering 4 bedrooms plus ofďŹ ce in a quiet & private residential area with large parking bay for numerous cars and covered off street parking. Offering spacious living accommodation and breathtaking views of the sea. This property includes a lift to all 4 ďŹ‚oors. Lovely garden with spacious verandah & private pool. Available unfurnished. Website reference number: RTL_669 7. Peyia â‚Ź950 we are delighted to offer this ultra modern 4 bedroom villa with luxury furnishings & ďŹ ttings. Offering spacious accomodation with breathtaking sea views. Finished to a very high quality. Spacious living
TO LET PAPHOS area with modern ďŹ tted kitchen & utility area. One bedroom on ground ďŹ‚oor with ensuite & kitchenette. Guest wc. Private inďŹ nity pool & enclosed low maintenace garden. A must to see! Website reference number: RTL_670
AYIA MARINOUDA PAFOS 2 bedroom furnished bungalow in lovely quiet complex with communal pool. Property has ďŹ replace, off street parking, nice stone features, character property. Ref: 1224 â‚Ź500
8. Chloraka â‚Ź2,200 substantial luxury 4 bedroom villa, spacious (350 sq meters), beautifully designed with unique detail. Conservatory with views of landscaped gardens. Large modern ďŹ tted kitchen, living room with working ďŹ replace. Circular dining room with vaulted dome ceiling. Stunning private pool area. Available unfurnished. Website reference numer: RTL_579
MESOGI PAFOS 4 bedroom house offered furnished, near all amenities. Property has sitting,dining area, kitchen, storage, downstairs bedroom, guest wc. Upstairs 3 additional bedrooms, master en suite, family bathroom. Off street parking, back garden with lawn Ref 1211 â‚Ź690
Tel: 97790883 tel: 99133422 ofďŹ ce: 26271858 visit our website for many more properties www.mrrent-paphos.net email: firstname.lastname@example.org
***************************** MANDRIA PAFOS 2 bedroom furnished bungalow within walking distance of the village. Large bedrooms, kitchen, sitting room/ dining area with ďŹ re place, large bathroom. Outside gated area and fenced off, pets welcomed Ref: 1217 â‚Ź450
Watch Your Capital Grow 68.3% NET GROWTH
In Op ves p o tm r t en un t ity
TO LET PAPHOS
TO LET PAPHOS
since launch in July 2008
No Negative Months Since inception just less than 5 years ago this Isle of Man based fund has outperformed the FTSE 100 Index, the Consumer Price Index and the Investment Property Database
SEA CAVES PAFOS modern bungalow offered furnished or unfurnished, 3 bedroom, master en suite shower, family bathroom, kitchen, sitting area, outside private pool, roof garden, outside shower-toilte, ďŹ‚yscreens nice location with sea views. Ref: 1213 â‚Ź750 MELANOS/CHLORAKA PAFOS Part-furnished, modern 4 bedroom villa, with private pool and amazing sea views. Has modern appliances, off-street covered parking in a nice quiet location. Pets welcome. Ref: 1206 â‚Ź800 PEGEIA PAFOS 3 bedroom unfurnished villa with great sea and mountain views. Property has sitting/dining area, kitchen, 3 bedrooms, master en suite, private pool, covered parking. Ref: 1214 â‚Ź550 CORAL BAY PAFOS 3 bedroom Villa offered furnished or unfurnished in a lovely private and peaceful location. Property is cosy with a small kitchen, sitting room and dining area with a ďŹ re
place, ac, guest wc, 3 bedrooms master en suite, family bathroom. Nice views Ref: 842 â‚Ź750 CHLORAKA PAFOS 2 and 1 bedroom apartments in a lovely modern complex offered furnished or unfurnished with ďŹ‚y screens, nice large kitchen, bathroom, communal pool, nice location. Ref 1219 from â‚Ź300 Please call for a free viewing on OfďŹ ce 26600450 Mobile: 97614070 many more properties on our website at www. ďŹ‚owron.com - Your Vision is our Mission LANDLORDS IF YOU HAVE A PROPERTY FOR RENT, PLEASE CALL US!!!!!! ***************************** PEYIA â€“ 3 bedroom villa with modern quality furniture and ďŹ nishes. Central heating, sky, alarm, inďŹ nity pool and stunnning sea and mountain views â‚Ź700 per month, call: 99389426 BRAND NEW APT, opposite Poseidonio Gym, near Carrefour, F/F, a/c, great quality, 1 bdrm, from â‚Ź340p.m.Tel 99403261
***************************** RENTAL POINT - PAPHOS PROPERTIES AVAILABLE TO RENT IN THE PAPHOS DISTRICT. JUST A SMALL SAMPLE OF AVAILABLE PROPERTIES. ALL TYPES OF PROPERTY URGENTLY REQUIRED FOR LONG TERM RENTAL. CALL 97648440 FOR MORE INFORMATION. LANDLORDS CALL IF YOU HAVE A PROPERTY FOR RENT.!!! 1. MESA CHORIOâ€“ 2 bed 2 bath fully furnished ground ďŹ‚oor apartment set on an elevated po-
Capital Growth + Income Option 1 year
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Included in the Investors Chronicle Top 100 Funds, 2012 Up one day, down the next. If you're disillusioned with equity markets, frustrated with low yields on fixed-income investments and low bank deposit rates consider an asset class that isn't correlated with any of them. For qualifying investors this Isle of Man based Green Energy & Recycling Investment Fund could be the perfect alternative for your capital growth and income. We can also arrange offshore banking facilities.
Family, friends? Why stay in a hotel? A new, comfortable, modern and fully-furnished apartment, giving you greater leisure and at a lower price, sounds much better. And with the added bonus of being located in one of the most vibrant areas in Athens.
For further information please call 2525 7788 or email email@example.com and request a brochure or a meeting with one of our qualified Financial Advisors.
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Amass Europe is authorised and regulated by the Cyprus Securities and Exchange Commission. Licence number 167/12
Tel 22819742 - www.menogazi.com
Krakow, Poland 4 nights including return flights, private transfers, 3* hotel B&B and FREE day excursion to Auschwitz
Departure dates 13 May - Â¤399 per person 27 May - Â¤369 per person 10 June - Â¤439 per person
70 000 970
CYPRUS MAIL Tuesday, April 2, 2013
Advertiser TO LET PAPHOS sition on this prestigious development. Open plan living area. Good sized kitchen. 2 double, bedrooms, master with en-suite shower room. Family bathroom. Large patio areas with enclosed gardens and lovely sea views. Covered parking and security gates.. Comm swimming pool. Euros 400.00 per month 2 FYTI 3 bed, 3 bath furnished villa in a very quiet location. The property offers stylish accommodation and has many luxury features. Open plan living area with feature ﬁreplace. Dining area. Large fully ﬁtted L shaped kitchen with appliances and breakfast bar Doors out to rear garden and pool. Guest WC. Stairs up to 3
TO LET PAPHOS
TO LET PAPHOS
very spacious bedrooms. Master with ensuite. Family bathroom and storage cupboard. Stairs up to roof garden with panoramic views. Outside there is a feature pergola, swimming pool and landscaped gardens. Euros 700.00 a month.
and garden areas. Feature outside dining area. Breakfast area to the side of the property. Easy care gardens. Pool with Roman steps. Parking for 3 cars. Bargain price!!! Euros 800.00 per month furnished, unfurnished by arrangement at lower cost.
3. OLYMPUS ESTATE, NR TSADA – 3 bed, 2.5 bath furnished bungalow set on this prestigious estate. The house has central heating, A/C, ﬁreplace, shutters & ﬂyscreens. Spacious open plan living area with dining space. Large “L” shaped kitchen. 3 double bedrooms all leading to pool and gardens. Master with en-suite. Covered patio with sea and rural views, swimming pool
4. TALA - 3 bed 3 bath quality furnished villa. Set in enclosed gardens the villa consists of open plan living area with dining space. Fully ﬁtted kitchen with all appliances, door to rear garden. Storage room. Ground ﬂoor bedroom with adjacent shower. Stairs to two double bedrooms both en-suite, one with Jacuzzi tub. Small seating area with adjacent balcony. Pool and off street parking. Landscaped gardens Euros 650.00 per month 5. AYIOS DEMITRIANOS (POLEMI) – 3 bed, 2 bath furnished villa (bungalow style) set in a private and quiet location. Open plan living area with ﬁreplace. Fully ﬁtted kitchen with quality appliances. Utility room and storage. Master bedroom with adjacent shower. Two more double bedrooms with family bathroom with Jacuzzi bath. Garden areas, large terraces with outstanding views. Private pool 10x5, Covered parking. Euros 700.00 per month furnished, 650 unfurnished. 6. UNIVERSAL AREA. 2 bed, 2 bath fully furnished penthouse apartment. Living area with dining space. Doors out to massive balcony area overlooking the pool and gardens. Fitted kitchen. 2 double bedrooms, master bedroom has ensuite shower. Family bathroom. A/C, Comm pool and parking. Euros 450.00 a month or offers. 7. LOWER PEYIA - 3 bed, 2.5 bath
TO LET PAPHOS unfurnished villa situated in quiet cul du sac. Open plan living and dining area with doors out the to pool and garden. Very large breakfast ﬁtted kitchen. Doors out to garden and pool. Separate guest WC. Stairs to 3 double bedrooms. Master bedroom very large with en-suite shower. Family bathroom. Private pool, gardens, shutters. Euros 550.00 per month or close offers only. 8. CHLORAKAS – 2 bed 1 bath large furnished apartment in quiet area. Spacious open plan living area with doors out to balcony. Good sized modern ﬁtted kitchen and breakfast area. Small balcony off the kitchen. Two double bedrooms. Family bathroom. Off-street parking, comm pool. Euros 380.00 per month. FOR FULL LISTINGS OF APARTMENTS/TOWNHOUSES AND VILLAS, PLEASE SEE www. rentalpointpaphos.com ALL TYPES OF PROPERTY URGENTLY REQUIRED FOR LONG TERM RENTAL LANDLORDS/OWNERS PLEASE CALL WITH DETAILS PLEASE CALL 97648440 or email:- firstname.lastname@example.org
da. Spacious kitchen, c/h, s/h, covered parking. Title deed. Tel. 99519370. FOR SALE OFFICES, ground ﬂoor space, suitable for ofﬁces or any other business. Centrally located, off Arch. Makarios Avenue, in the Commercial Centre of Nicosia, near Hilton. Also mezzanine, basement, small kitchen, a/c, parking. Title deeds. Tel. 99519370. STROVOLOS, Symi street, Tseriou new one bedroom apartment, 55 sqm, large sunny balcony, air-conditioned, private parking, lift, title deeds, reduced price €95.000 (including VAT) (no offers) tel: 99266282 (no agents) FOR SALE upper ﬂoor house 210 sq.m built on 301 sq. m land, Lapatsa area, Pereous 1a. 4 bedrooms with attic room (not ﬁnished), c/h ,4 a/c, aluminium doors& window, covered parking and storage room. Price €310.000 pm call 22431095 99330632.
PROPERTY FOR SALE NICOSIA ***************************** FOR SALE a very nice, large, two bedroom apartment near Hilton and Central Bank. Living, dining room, sitting room, large veran-
FOR SALE large, beautiful, nice designed, sea view house. In Chlorakas area, very quiet and private location. 4 en-suite bedrooms. Spacious living - dinijng room, sitting room, kitchen with all electrical appliances, breakfast room, two ﬁreplaces, builtin bookcases, eletrical shutters, a/c, swimming pool, garden, patio, garage, store room. Option for second ﬂoor. Title deed. Adjacent to above. Sold separately plot of land, with sea view. Title deed. Tel. 99519370.
ARIS EMPIRE BINGO Address: Paphos street 207, next to Carrefour Kato Polemidia, Limassol Email: email@example.com
FOR SALE PAPHOS
FOR SALE NICOSIA
2 BEDROOM top ﬂoor apartment built in 2006, 75 sqm, large sunny balcony with sea views, 2 bathrooms (en-suite), communal pool, air conditioning. Small block of 9 apartments, located behind darmart store, near the debenhams roundabout, underground private parking, storage room and lift, reduced price: €98.000 (including VAT) with title deeds (no agents) please call: 99266282
PROTARAS FOR SALE special offer, €79, 000 ﬁrst ﬂoor apartment in Protaras, fully furnished with 2 bedrooms and a swimming pool. Walking distance to the beach of Ayia Triada and all amenities. Tel: 97 608941.
GERMANY GERMANY INVESTMENT PROPERTY FOR SALE. Block of 33 apartments. Rental income 85000 euros per year (7%) with further potential. Price 1.2M euros. Call owner for more details: +358 703 711 405
A new and very different place has opened its doors today to the bingo world, inviting people to come and try their luck. Aris Empire Bingo is impressively and luxuriously decorated and can host up to 1000 people providing all the comforts for a night of fun or relaxation. Visitors can have fun, playing bingo, trying to win one of the big money prizes that are handed out each time. People can also choose from the large choice of food on the menu, which is reasonably priced. The meticulous work done by the owner is apparent at every corner, even in the kitchen which is HACCP certified, with everything designed by the CTO. Bingo has now taken-on a different character of being more enjoyable and of more quality for all those who love the game but have kept their distance as they could not find a place that expressed them. The spacious hall has good ventilation and Aris Empire Bingo has a large parking, making it easier for any visitors.
Opening hours is from 8pm till 2am Restaurant hours from 8pm Bingo starts at 9pm
SPECIAL OFFER In Kokkinotrimithia, 15km from Nicosia in a good area, (in the centre, opposite Maragos bakery, 41/2 acres or 7 plot with 90% building factor. For more information please call 99673286
Tuesday, April 2, 2013 CYPRUS MAIL
Sport Points holds nerve to win Houston IN BRIEF Recovering Open and books ticket to Augusta Ryder feeling ‘heaps better’
Unheralded American uses putter borrowed from mother By Steve Keating AMERICAN D.A. Points held his nerve through a late weather delay to claim a one shot victory at the Houston Open on Sunday and earn a ticket to the Masters. Clinging to a one shot advantage over clubhouse leader Henrik Stenson with four holes to play, Points had his momentum interrupted when a storm swept across the Redstone Golf Club and forced the evacuation of the course. When play resumed after nearly three hours, Points picked up where he left off by carding four consecutive pars to return a bogey-free six-under 66 for a winning total of 16-under 272, one shot clear of Swede Stenson (66) and compatriot Billy Horschel (66). Dustin Johnson (65) and Ben Crane (68) ﬁnished two shots back on 14-under 274. It was the second career PGA Tour win for Points, who failed to make the cut in seven of nine starts this season and whose best previous ﬁnish was a tie for 63rd. “I’ve been having a really
It was the second career PGA Tour win for D.A. Points, who failed to make the cut in seven of nine starts this season tough year,” Points said. “To have a putt to win, you want that starting out every week. “I would have liked for it to have been closer.” After a bogey at the 13th, Stenson’s shot at the title appeared to disappear but the Swede produced a sizzling ﬁnish with four bird-
ies over his ﬁnal ﬁve holes, including the 17th and 18 to keep the pressure on Points. But Points did not crack, rolling in a nerve-jangling 13-foot par putt at the last with a putter he borrowed from his mother to clinch the victory. Phil Mickelson, the 2011
Houston winner, started ﬁve back of the leaders and looked like he might take a run at the title after opening with four consecutive birdies. The three-time Masters champion’s charge quickly ran out of steam, however, and eight straight pars followed by two birdies and a
double-bogey left him on four-under 68, six shots behind Points. Former world number one Rory McIlroy was not a factor either, ﬁnishing 12 shots off the pace, but the Northern Irishman did wrap up his week in style by dropping birdies on his closing two holes for a two-under 70.
Animal Kingdom wins world’s richest horse race in Dubai By Martin Dokoupil
Jockey Joel Rosario celebrates a famous victory
ANIMAL Kingdom, ridden by Joel Rosario, held off a late charge by Red Cadeaux to win the $10 million Dubai World Cup by a comfortable two lengths at odds of 11-2 at Meydan. Red Cadeaux, ridden by Gerald Mosse, ﬁnished second nearly ﬁve lengths clear of Ryan Moore on Planteur who, like last year, came home third in the world’s richest horse race. Animal Kingdom, the 2011 Kentucky Derby winner trained by Englishman Graham Motion, held close to the pace for most of the 10 furlong (2,000 metres) race, taking over the lead from top U.S. mare Royal Delta in the ﬁnal turn to give America victory. “It’s a tremendous horse. It’s unbelievable,” Rosario, who made his move two-and-a-half furlongs out, said after the race on the synthetic track. “To win the World Cup - it’s great.” “He broke well today and he put himself close to the pace and took himself where he wanted to be. In the turn for home he was like look around where is my competition so that was awesome,” Rosario added after the race.
The ﬁve-year old chestnut, owned by Arrowﬁeld Stud and Team Valor, ended a three-year drought for U.S.-bred runners in the ﬁnal race of the night at the opulent Meydan course. “He reminded me very much of the Kentucky Derby today the way he ran, it was the same kind of run he made home he just seemed so conﬁdent,” Motion said. Red Cadeaux, trained by Briton Ed Dunlop, was priced at 28-1 and Planteur, recently bought by a member of the Qatari royal family, was a 10-1 shot. Asked about the prospects of running Animal Kingdom at Royal Ascot this year, John Messara, one of the owners, said: “There are risks and logistics involved.” “So we need to sit down with a cool mind and have a bit of chat about it with (Team Valor CEO) Barry Irwin and Graham Motion as to where we go and what the risks and rewards are,” he said. Double Breeders’ Cup Ladies Classic winner Royal Delta, 4-1 favourite and ridden by U.S. Hall of Fame jockey Mike Smith, faded in the home stretch to ﬁnish 10th after leading for much of the race.
NEW Zealand cricketer Jesse Ryder on Sunday said he was “heaps better” but “really tired” in his ﬁrst public statement since the attack which put him in intensive care. The 28-year-old Wellington all-rounder was admitted to Christchurch Hospital in the early hours of Thursday morning and placed in an induced coma after suffering multiple injuries, including a fractured skull, in an attack outside a bar. Ryder has now been brought out of the coma and is out of intensive care. He released a statement saying: “I just want to let everyone know that I’m okay. I feel heaps better but still really tired. “I’ve been reading your messages that have been sent so thank you to everyone for thinking of me over the last few days. “I want to thank everyone who has been caring for me at the hospital - they have been awesome. Thank you to my family and friends who have been here also.” Two men - a 20-year-old and a 37-year-old who police said are related will appear in court on Thursday charged with assault. Police believe Ryder was involved in an altercation with two people outside Aikmans bar in the Christchurch suburb of Merivale, and was then assaulted by one of the two, who followed him towards the car park of a nearby McDonald’s.
Hot Heat burn the Spurs CHRIS Bosh hit a 3-point bucket with one second on the clock to give the Miami Heat an 88-86 win over the San Antonio Spurs Sunday night. Bosh led the Heat with 23 points, going nine of 15 from the ﬁeld, but hit the most important shot at the end of the game. The highly-anticipated matchup between the two best teams in the NBA damped before the game when Miami ofﬁcials declared that LeBron James (strained right hamstring) and Dwyane Wade (right ankle sprain) would not play. The Heat are on an unprecedented run, winning 29 of their last 30 games, including 27 in a row.
CYPRUS MAIL Tuesday, April 2, 2013
Murray delighted with ‘brutal’ Miami victory over Ferrer
Williams sinks Sharapova for record sixth title
Scot moves up to number two in the world
WORLD number one Serena Williams fought back from a set down to beat Maria Sharapova 4-6 6-3 6-0 and win the Sony Open for a record sixth time as she continued her dominance over her closest rival. With the win, Williams, who struggled with her serve in the ﬁrst two sets, becomes only the fourth woman in the Open era to win the same WTA tournament six times, joining Martina Navratilova, Chris Evert and Stefﬁ Graf. “I ﬁnally have some record,” Williams said. “Like it’s really cool. I can’t seem to catch up with Margaret Court or Stefﬁ or anything. I’m really happy to have something right now, so it’s exciting. “Maria played really the best I have seen her play, and I think she was moving unbelievable and she was hitting winners from everywhere. .... How did I end up winning when I actually wasn’t on top of my game?” Second-ranked Sharapova has now lost to Williams in their last 11 meetings and has not beaten the American since her two victories in 2004. To add to the pain, the match was Sharapova’s ﬁfth Miami ﬁnal and her ﬁfth defeat. “I had my chances. There’s no reason why I couldn’t win the match,” said the Russian, who dismissed any suggestion of a psychological weakness against Williams. “It was a step in the right direction and there’s no doubt that we’ll be playing many more times. There’s no doubt I’ll be able to beat her.” It looked as though Sharapova had a real chance to ﬁnally end her nine-year winless streak against the American but, as so often, Williams refound her game in the second. “I was just making so many errors, and I just was like, ‘Serena, are you really going to get to the ﬁnal and not play up to your potential?’” said Williams. The match turned decisively in Williams’ favour when Sharapova produced two double-faults to go down 3-0 in the third set and the Russian never was able to claw back from that position. “I was losing a little bit of pace on my ball which hurt me,” said Sharapova. “Against a player like Serena, you can’t really do that.” Williams, who has 15 Grand Slam singles titles, was happy to claim the record but was far from satisﬁed with her performance. “One of the ﬁrst things I said after the match is I need that tape so I can go home and study it and train and try to get better,” she said.
By Simon Evans AN exhausted Andy Murray credited his mental strength and physical freshness for his tie-break victory over David Ferrer in the Sony Open ﬁnal on Sunday after a gruelling two hour, 45 minute battle. “It was a brutal, brutal match. Both of us were kind of on our last legs,” Murray told reporters after his 2-6 6-4 7-6 win. “It was a good job it wasn’t a best-of-ﬁve-set match, because I don’t know how the last few sets would have ended up. “It was one of the toughest matches I have had to play in a Masters Series, for sure,” added the Scotsman who will move to number two in the world, above Roger Federer, in Monday’s latest ATP world rankings. The match, played at mid-day in South Florida heat and humidity, became a war of attrition with neither player near their peak in terms of shot-making but both doggedly sticking at the task. “I showed good mental strength to get through that match, because it easily could have slipped away from me,” said Murray. “It was a big match for
David Ferrer ran out of steam after missing a match point both of us, and I think that showed in some of the way that we played. “We didn’t play necessarily our best tennis. I was up a lot and couldn’t close the match out. Matches like these ones are tough, because, you know, the humidity here is brutal,” added the U.S. Open and Olympic champion. Murray is acknowledged as one of the sport’s true ﬁtness fanatics, spending his off-season in Miami working out but he said his physical condition at the end of the contest owed more to his scheduling. “I think just general freshness, really. I think being fresh helped even though
the tennis wasn’t great,” he said. “I just managed to get over the line in the end.” Ferrer was left regretting his decision when on championship point, 5-4 up against Murray’s serve, to challenge a Murray shot rather than play it. The ball was ruled in and the Scot went on to take the game into a tie-break which he won 7-1. “I chose my decision in that moment. It’s a bad moment now and don’t want to think anymore about that. I want to forget it as fast as possible,” the Spaniard told reporters. Ferrer’s determined display led Murray to urge greater respect for his opponent, currently ranked ﬁfth in the world. “I don’t think he gets the respect that he deserves within the game. He’s been in the top ﬁve in the world now for at least three years. “He’s improved his game every single year. That takes, you know, a great attitude to be able to do that,” said Murray. “Providing his body holds up, he’ll be around the top of the game for as long as he wants or he can, because he’s a very, very, good tennis player and has a great attitude.”
By Simon Evans
Andy Murray celebrates winning his second Masters title in Miami after a near three-hour battle
Bolt wins sprint on Rio’s famous Copacabana beach
The world’s fastest man said he is looking forward to returning to Rio for the 2016 Olympics
JAMACIA’S champion sprinter Usain Bolt cruised to victory in a 150-metre race held at Rio De Janerio’s Copacabana beach, timing 14.42 seconds. The 26-year-old Bolt - who won the 100m, 200m, and 4x100m relay in both the 2008 Beijing Olympics and the 2012 London Games, fell short of improving on his own 150m world record - 14.35 seconds in Manchester, England, in 2009. Bolt said he was happy with the result, calling it a “good start” to the season and saying he looked forward to returning to Brazil for the 2016 Summer Olympics. Some 3,000 spectators attended the event, at a track set up on a beach popular with tourists, eager to watch Bolt and the other sprinters compete in the rarely-raced distance. After crossing the ﬁnish line, Bolt took off his shoes and hurled one of them into the stands. He later regretted the move when he felt how hot the track was and asked for a replacement. Bolt had earlier played down fears over the Joao
Havelange stadium, home to the Botafogo football club and due to host the track and ﬁeld competition during the 2016 Games. The stadium was indeﬁnitely closed last week because of roof problems. “The Olympic Games are in three years. That gives you enough time to solve everything. This type of problem happens the world over,” Bolt said last week. Turning to his goals for the 2016 Games, Bolt ruled out participating in the long jump - saying “I’m very big and it could hurt my knees” while saying he would aim to compete in the 100m, 200m and 4x100m relay. While organisers laid on a daytime trip to a Brazilian favela (slum) for Bolt to meet disadvantaged children, the Jamaican’s plans for his time in Rio lay elsewhere. “I know a lot of things about Brazil, but the thing I know most about are the beaches and the girls on the beaches,” he said last week. “But I’ve never had the time to go there, and I also want to go to a nightclub.”
Tuesday, April 2, 2013 CYPRUS MAIL
Fabri leaves Panathinaikos after stinging verbal attack Athens giants appoint their fourth coach of the campaign By Graham Wood PANATHINAIKOS parted company with coach Fabri on Sunday and appointed academy coach Giannis Vonortas as his replacement in a caretaker role until the end of the season. “Panathinaikos FC announces the termination of its cooperation with coach Fabriciano Gonzalez and his assistant Ferreira King by mutual agreement,” the club said in a statement on their ofﬁcial website (www. pao.gr). “The club would like to thank both men for their help at a very crucial time for the club and wishes them the best of luck in their careers. The new coach until the end of the season is Giannis Vonortas. The 52-year-old Polish-born Vonortas, the Greens’ fourth coach of the campaign following Jesualdo Ferreira, Juan Ramon Rocha and Fabri, was a former Panathinaikos player and had been coaching the academy side. He also worked as assistant to former ﬁrst-team coach Rocha. Fabri’s fate was sealed after the Spaniard launched
Fabri became well known for his animated touchline antics and sharp comments during his short time in Greece a stinging verbal attack on the club’s players following a disappointing 1-0 home defeat to top-ﬂight newcomers Platanias on Saturday. That result left the Athens club in sixth place, three points behind PAS Giannina, who occupy the ﬁnal place for the playoffs which decide the European places at the end of the regular season. The 57-year-old, who has become well known for his animated touchline antics and sharp comments during his short time in Greece, heavily criticised the players in his news conference, suggesting some of his squad
“did not have the balls” to wear the shirt. “In this Panathinaikos squad there are players who do not have the blood or the balls to wear the shirt,” he said. “We need to see who can keep wearing it. Some players went out on the pitch without understanding what exactly the team is playing for. “I am very upset. Managers have to analyse the situation and see who deserves to stay in the team; to hit his hand on the table and make decisions. This is my opinion. I’m talking about all this now because I remained silent
in the past. I tried to be polite as far as I did after the match with Mars. It’s time to see things clearly.” Fabri’s outburst has reportedly provoked anger among the players, none of whom gave any interviews after the match. The national sports press on Sunday all ran with stories saying that Fabri would be jettisoned by the club and that Vonortas would take charge until the end of the season. Fabri, whose full name is Fabriciano Gonzalez Penelas, replaced Argentinian Juan Roman Rocha on
January 8 but the club have struggled with indifferent form amid a background of ﬁnancial problems. To make matters worse, arch-rivals Olympiakos Piraeus have already wrapped up the title with the Greens an astonishing 34 points behind after experiencing what will go down in history as their worst season on record. Their previous worst performance came in 1980-81 when the team collected 13 victories. This season the Greens have only picked up nine wins with only three matches to play.
Atletico are denied by Valencia By Mark Elkington
Radamel Falcao scored his 22nd goal of the campaign, but Atletico Madrid failed to win at home for only the second time in the league this season
ATLETICO Madrid missed out on the chance to go second in La Liga when they were held to a 1-1 home draw by improving Valencia on Sunday. Radamel Falcao cancelled out Jonas’ strike, both goals coming in the ﬁrst six minutes, leaving Diego Simeone’s side third with 61 points and nine games left in the season. Atletico are a point behind city rivals and King’s Cup ﬁnal opponents Real Madrid in second, 14 adrift of leaders Barcelona. Barcelona, with 75 points, drew 2-2 at lowly Celta Vigo on Saturday when Real were held 1-1 at Real Zaragoza. An own goal by Javi Lopez earned Real Sociedad a deserved 2-2 draw at Espanyol to leave them fourth with 48 points, in the last Champions League qualiﬁcation berth. Malaga, who won 3-1 at Rayo Vallecano on Saturday,
were ﬁfth with 47 and Valencia sixth with 46. Valencia made a whirlwind start at the Calderon and took the lead after ﬁve minutes when Jonas took advantage of slack defending to score from close range. Atletico struck back within a minute as Arda Turan crossed and Falcao beat the offside trap to volley the equaliser, his 22nd goal of the campaign. Atletico soaked up intense pressure to make it to halftime without conceding a second, thanks in part to great saves from Thibaut Courtois. Atletico wrestled control after the break but either side could have snatched the honours in an entertaining clash. It was only the second time this season that Atletico had failed to win at home in the league. “A point keeps our direct rivals at the same distance. If you can’t win, the least you can do is draw,” Atletico
coach Simeone told a news conference. “They have competed in the Champions League, we were in the Europa League. They have the third best squad in La Liga after Madrid and Barca. I have no complaints about our performance.” In the midday kickoff, Kike Sola scored twice as Osasuna came from behind to win 3-1 at Real Valladolid. At the foot of the standings, Deportivo La Coruna ﬁred their survival hopes with a 3-2 comeback victory at fellow strugglers Real Mallorca, earning their ﬁrst away win of the campaign. Silvio, Carlos Marchena and Riki netted the goals that put Depor 3-1 up midway through the second half, but a scrappy late strike from Emilio Nsue ensured a nailbiting ﬁnale at the Iberostar stadium. Depor remain bottom with 23 points but are now just four behind 17th-placed Zaragoza and safety.
Champions League promises jewels and duels (Continued from back page) Juventus though had a good win of their own, with goals from Fabio Quagliarella and Alessandro Matri giving them victory over Inter. Tonight’s match will be a contrast in styles with Bayern usually favouring a 4-23-1 system while Juve play a 3-5-2 style with Andrea Pirlo attempting to orchestrate their attacks from midﬁeld. A classic is on the cards. PSG, in the quarter-ﬁnals for the ﬁrst time in 18 years, won their only previous Champions League meeting with Barca when they knocked them out 3-2 on aggregate in a quarter-ﬁnal clash in 1995. Much has changed since, with PSG notable absentees from the later stages of the tournament while Barca have been crowned European champions three times. PSG will be looking for ex-Barcelona striker Zlatan Ibrahimovic to be inspired against his former club while David Beckham, the last English player left in the tournament, could be used as an impact substitute in the later stages. Barcelona bounced back from a 2-0 ﬁrst-leg defeat to Milan in the last 16 to triumph 4-0 at home and qualify with some ease in the end, and, with the irrepressible World Player of the Year Lionel Messi in outstanding form, Barca look to have the edge. Messi scored for the 19th successive league match against Celta Vigo on Saturday in a 2-2 draw to take his league tally for the season to 43. His former Barca team mate Thiago Motta, who could yet prove pivotal for PSG, is just back from injury and likely to be on the bench. The clash between Real Madrid and Galatasaray brings together more old club mates: Jose Mourinho, Didier Drogba and Wesley Sneijder. Mourinho is set on leading Real to a record-extending 10th European Cup success while becoming the ﬁrst man to win the trophy with three different clubs following his earlier successes with Porto and Inter. Mourinho worked with Drogba at Chelsea and Sneijder was in his Inter team that won the Champions League in 2010, but Sneijder and his new team mates have a tough task ahead of them now. The tie brings together the two leading scorers in this season’s competition who both have eight goals: Cristiano Ronaldo of Real and Burak Yilmaz of Galatasaray. Both scored home and away goals in the last round. The second legs take place next week, with the semiﬁnals at the end of April and the beginning of May. The ﬁnal is at Wembley on May 25.
CYPRUS MAIL Tuesday, April 2, 2013
APOEL open up six point gap after crucial win over Anorthosis By Nemanja Bjedov
Luis Suarez (top right) congratulates Steven Gerrard after the Liverpool captain scored the winner from the penalty spot against Aston Villa
‘Stars going nowhere’ By John Curtis BRENDAN Rodgers insists Liverpool have no need or wish to sell striker Luis Suarez and conﬁrmed skipper Steven Gerrard will be offered a new contract after the pair sparkled in the 2-1 win at Aston Villa. Suarez was a constant threat throughout despite his midweek exertions with Uruguay and lengthy travel schedule, although he was unable to add to his 29 goals this season. But he won the secondhalf penalty converted by man-of-the-match Gerrard to keep alive Liverpool’s slim hopes of achieving Champions League football. Rodgers stressed his focus is on adding to the squad rather than letting players go. Rodgers said: “It is very important we keep hold of Luis. He is a wonderful player. “He came back late on Thursday, was in training on Friday and I saw how tired
Boss Rodgers says Liverpool’s focus is on buying not selling he was. He looked totally shattered from all the travel and all the exertions of the games. “But you look at him at Villa, his energy and willingness to work for the team and just his sheer quality. “We don’t have to sell Luis. There is nothing like that. He is very happy and we don’t need to sell him for the money or anything like that. “Our job is trying to build the group here and add to it. We’ve bought front and midﬁeld players and we want to keep striving forward and there is no need to sell.” Rodgers also believes “inspirational” Gerrard can play into his late 30s and revealed he needed an injection in his heel to enable him to play. But it did not affect his performance and the Eng-
land captain converted the winning penalty after Reds midﬁelder Jordan Henderson cancelled out the opener from Christian Benteke. Rodgers said: “Steven had to get an injection in his heel to play. We had an issue with his heel for a couple of days. “He had a bit of pain and was struggling to get his boot on. But for him it was a case of whatever it takes to play. “It was nothing major but many other players might not have played or even trained. That shows the mentality and mindset of the man. “Can Gerrard play on into his late 30s? Absolutely, no question about that. “Guys who do that like Giggs, Scholes, McAllister, it is not what they are doing now, it is what they have
done earlier in their careers, when they were 17, 18, 19, 20.” As regards a new contract, Rodgers said: A new contract is something on the agenda. It will happen in due course.” Villa remain in the bottom three but manager Paul Lambert has seen his side climb out of the relegation zone on four occasions this season and continues to take heart from their performances. He said: “For 45 minutes we were excellent, we competed brilliantly, we looked a threat every time we went forward against a really good side. “The goal two minutes after the restart was disappointing to lose but we are playing well enough to win games. “We are four points from 11th place. There’s going to be some twists and turns. “The thing for myself is that in spells we are playing really well and conﬁdence is a big part of the game of football. “If you keep that, then that will certainly help you.”
Sunderland turn to Di Canio as saviour By Sonia Oxley
Paolo Di Canio joined Sunderland six weeks after quitting third-tier Swindon Town
SUNDERLAND entrusted ﬂamboyant Italian Paolo Di Canio with the task of securing their Premier League survival when they appointed him as head coach in place of the sacked Martin O’Neill on Sunday. Di Canio, who enjoyed a colourful playing career with clubs including Juventus, AC Milan, Lazio, West Ham United and Celtic, has never managed in the top ﬂight and joins 16th-placed Sunderland six weeks after quitting third-tier Swindon Town. “Paolo is hugely enthused by the challenge that lies ahead of him. He is passionate, driven and raring to get started,” chairman Ellis Short said on the club’s website (www.safc.com) after Di Canio signed a two-and-a-half year contract. Fans are likely to be divided over the arrival of 44-year-old Di Canio, who is re-
membered as much for pushing over a referee as for his sportsmanship during his playing days in England. His appointment prompted former British foreign secretary David Miliband to quit the Sunderland board, releasing a statement saying the move was due to “the new manager’s past political statements”. Di Canio drew outrage in 2005 when he celebrated his side Lazio’s derby win over AS Roma with a fascist-style salute. He received an 11-match ban in 1998 for shoving referee Paul Alcock to the ground after being shown a red card while playing for Shefﬁeld Wednesday. Di Canio’s ﬁrst match in charge of his new club is Sunday’s trip to Chelsea. O’Neill was dismissed on Saturday after the club’s 1-0 defeat by league leaders Manchester United which left the northeast club without a win in eight games.
APOEL continued their ﬁne form on Sunday afternoon with a 2-0 victory over Anorthosis at the Antonis Papadopoulos Stadium in Larnaca that leaves the Nicosia giants six points clear at the top of the table going into the playoffs. Israeli forward Dudu Biton broke the deadlock in the 68th minute when he headed home Constantinos Charalambides’ outswinging corner, while Nuno Morais set up the ﬁnal score ten minutes from time with a stunning long range effort. “This victory was very important for us. Now we have playoff matches where we will take on Anorthosis, AEK and Omonia twice. These three teams showed a lot of quality throughout the season and we look at the playoff matches as normal league matches so we need to put in the same effort in every remaining game to succeed,” said coach Ivan Jovanovic after APOEL’s eighth straight league win. Omonia will host APOEL in the ﬁrst championship playoff round, while Anorthosis host AEK. “APOEL made our lives difﬁcult on the pitch. In these kind of matches you need to be mentally strong and convert any opportunity that you might have. We knew that it would be difﬁcult to
create a lot of chances but we had some and failed to capitalise on them,” said disappointed Anorthosis coach Ronny Levy. “Obviously these are not the best times for our club. However, all teams have these kind of situations at some point in the season. What is unfortunate for us is that APOEL have hit their best form at the same time. We need to stay focused and leave failures behind us. We have the playoffs now where every match is a six-pointer,” added Levy. There were goals galore elsewhere with Omonia thrashing Nea Salamina 6-0, while Alki beat Ethnikos Achnas 6-5. AEK celebrated a 6-2 victory over Doxa Katokopia, while Olympiakos sent AEP into the second division with a convincing 5-0 win in Paphos. Defending champions AEL beat Enosis Neon Paralimni 2-1 away from home and Apollon celebrated with the same scoreline against already relegated Ayia Napa at the Tsirion Stadium in Limassol. AEL lead the second playoff group with 51 points. In the third playoff group, from which the bottom team will be the third relegated side at the end of the playoffs, three points separate Alki and Ethnikos Achnas in fourth. Olympiakos Nicosia have 24, while Nea Salamina are on 23.
On a roll: APOEL celebrate after their eighth straight win in the league gave them some breathing space at the top
Cyprus Standings Team 1 APOEL 2 Anorthosis 3 AEK 4 Omonia 5 AEL 6 Apollon 7 Doxa 8 Paralimni 9 Alki 10 Olympiakos 11 Nea Salamina 12 Ethnikos 13 Ayia Napa 14 AEP Paphos
26 26 26 26 26 26 26 26 26 26 26 26 26 26
21 18 17 16 14 11 8 6 6 6 6 4 2 4
3 6 4 5 9 7 6 10 7 9 5 10 2 3
2 2 5 5 3 8 12 10 13 11 15 12 22 19
56 57 50 52 46 32 30 23 33 36 18 28 15 17
A Pts 10 21 21 22 26 24 36 35 46 44 36 40 59 64
66 60 55 53 51 40 30 28 25 24 23 22 8 6
Tuesday, April 2, 2013 CYPRUS MAIL
32 Murray delighted with ‘brutal’ Miami win over Ferrer 29
Sport Champions League clashes promise jewels and duels By Mike Collett THE Champions League tie between Bayern Munich and Juventus is the outstanding pairing of the round but there are glittering jewels - and duels - to savour everywhere in the quarter-ﬁnals of Europe’s elite football competition this week. While Bayern, the German champions-elect, face Juve, the Italian championselect, in Munich buoyed up by a 9-2 win over old rivals Hamburg on Saturday, tournament favourites Barcelona and Paris St Germain, two more teams set to be crowned domestic kings soon, have an intriguing ﬁrst-leg tie in the French capital. Real Madrid host Turkish league leaders Galatasaray while the surprise survivors and Spain’s third team Malaga are at home to Borussia Dortmund, who are about to lose their Bundesliga title to Bayern but are still contenders in this competition. Five of the quarter-ﬁnalists are far ahead of their rivals in their own leagues and look set to ﬁnish as domestic champions long before the end of the season - enabling them to concentrate their efforts on Champions League success if they advance to the last four. Bayern are 20 points clear of Borussia in Germany and would have been crowned champions on Saturday, after their staggering demolition of former European champions Hamburg, until Robert Lewandowski scored a late goal to give Dortmund a 2-1 win at Stuttgart. Juventus beat Inter Milan 2-1 on Saturday to move 11 points clear of AC Milan at
the top of Serie A, while Barcelona are 13 points clear of Real Madrid in La Liga. Galatasaray and PSG hold comfortable leads in Turkey and France respectively, and, while Real and Dortmund have no realistic chance of retaining their titles, they are guaranteed to ﬁnish high enough to be back in the Champions League next season. Despite the absence of any English Premier League teams in the last eight for the ﬁrst time since 1996, this year’s ﬁnal in London could feature a Clasico between Real and Barca or an all-German ﬁnal between Borussia and Bayern. The quarter-ﬁnal draw kept alive those prospects at the same time as serving up four intriguing last-eight ties which kick off tonight when Bayern host Juventus and PSG play Barcelona. Bayern, last season’s losing ﬁnalists, squeezed into the last eight on away goals after beating Arsenal 3-1 in London before a surprise 2-0 home defeat in the second leg, but they showed that aberration was behind them on Saturday. Peruvian striker Claudio Pizarro scored four with Dutchman Arjen Robben adding two more in a dazzling performance that will put Juve on full alert. Bayern coach Jupp Heynckes said: “We played textbook football at times and the title cannot really slip away any more. “It was important to ﬁll up on conﬁdence but Tuesday’s game will be different with Juve being a top European team and much more aggressive.”
TURN TO PAGE 30
PSG will be looking for ex-Barca striker Zlatan Ibrahimovic to be inspired against his former club, while Real coach Jose Mourinho will be reunited with former favourite Didier Drogba
APOEL open up six-point gap after crucial win 31
HOLDERS DUMP UNITED OUT TO SET UP SEMI-FINAL CLASH WITH CITY
At full stretch: Demba Ba scored a brilliant goal as the Blues stayed on course for a ﬁfth FA Cup triumph in seven seasons
Ba books Chelsea’s Cup trip to Wembley Chelsea 1 Manchester United 0 By Matt McGeehan
OLDERS Chelsea ended Manchester United’s hopes of a ﬁrst FA Cup win since 2004 and a ﬁrst double in 14 years as Demba Ba’s spectacular strike secured a quarter-ﬁnal replay victory at Stamford Bridge yesterday. Ba volleyed in a Juan Mata pass four minutes into the second half to send Chelsea into the semi-ﬁnals and deny runaway Barclays Premier League leaders United a Wembley clash with derby rivals Manchester City. Petr Cech made a stunning 61st-minute save from Javier Hernandez and Chelsea held on to stay on course for a ﬁfth FA Cup triumph in seven seasons, with City their last-four opponents on April 14. For the Blues, beaten by Southampton on Saturday, it was a much needed ﬁllip ahead of Thursday’s Europa League tie with Rubin Kazan and means a season of disharmony could end on a high. All of United’s energies,
Wow: Petr Cech produced a wonder save to deny Javier Hernandez meanwhile, are now on wrapping up the Premier League title after their hopes of a ﬁrst double since the 1999 treble-winning season ended. United appeared to be cruising into the last four with a 2-0 half-time lead at Old Trafford, but Chelsea responded to force a replay which was squeezed into a hectic calendar. Both sides made seven changes for their second game in three days, with Wayne Rooney absent for the visitors. United, who won at Sunderland on Saturday, re-
ported Rooney picked up a groin problem on England duty but will be ﬁt for the Manchester derby on April 8. Rio Ferdinand, who withdrew from England duty and is the most unwelcome of visitors in this part of London, was in the United starting XI, but John Terry and Frank Lampard were only on the bench for Chelsea’s 55th game of the season and second of six games in 16 days. Rafael Benitez and Sir Alex Ferguson shook hands in a brief pause in hostilities before proceedings began. The United manager was accused by Benitez of snubbing the Spaniard at Old Trafford in the original tie. Chelsea were forced into an early change as Ashley Cole pulled up with a hamstring problem as Danny Welbeck rounded him in the 21st minute. Ryan Bertrand came on. The stalemate was broken when Mata created Ba’s ﬁfth Chelsea goal. The Spaniard lofted the ball over the top of the United defence for Ba, who stole in behind Ferdinand to acrobatically volley it over De Gea. With 29 minutes to go United thought they had equalised when Hernandez
met a Welbeck cross, but Cech made a stunning save to palm the ball over. Had the ball hit Hernandez’s head, rather than shoulder, United would have been level. The Mexican, who has been proliﬁc against the Blues with seven goals in ten games, could only smile ruefully. Chelsea responded. Mata shot into the side netting before Hazard intercepted a loose Michael Carrick pass but could only drag his shot wide across goal. It was an uncharacteristic miss and a let off for United, who sent on Ashley Young to join fellow substitutes Robin van Persie and Ryan Giggs for the closing 10 minutes. After 88 minutes United again had the opportunity to force extra-time. Young fed Patrice Evra, who pulled back a cross for Van Persie but the Dutchman ﬁred well over. After Mata shot at De Gea, Van Persie headed over a Young cross as United were left beaten and frustrated.