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England’s Townsend grabs late equaliser against Italy


England substitute Andros Townsend fired home a late equaliser to earn a 1-1 draw against Italy in a fiercely contested friendly at the Juventus Stadium in Turin on Tuesday night.

Italy had taken the lead on the half-hour through Graziano Pelle’s deft header after defender Giorgio Chiellini waltzed around Phil Jones and provided a precise cross from the left.

It was Southampton striker Pelle’s second goal in his three appearances for the ‘azzurri’.

Italy’s Brazilian-born Eder, whose late goal salvaged...

CyBC board head says jobs must go

The cuts will see the broadcaster rely more on locally produced content

By Angelos Anastasiou

Ten employees will be let go at the Cyprus Broadcasting Corporation as part of the broadcaster’s ongoing effort to consolidate costs, the board chairman told the House Finance committee on Tuesday.

Presenting lawmakers with the state TV channel’s 2016 budget, Yiorgos Tsalakos said the broadcaster’s budget has been slashed to half over the last three years – from €50 to €24 million.

This year’s savings will focus on content, including the purchase of feature films, rights to...

EAC announces further price drop (updated)


By Elias Hazou

The price of electricity is to be reduced due to falling oil prices, the Electricity Authority of Cyprus (EAC) announced on Tuesday.

April’s household bills will see a 1.2 per cent decrease in the unit price of electricity, relative to the previous month, and a total 9 per cent decrease compared with February’s prices.

A year-on-year comparison reveals a 20 per cent decrease in the price of electricity.

Meanwhile, energy minister Giorgos Lakkotrypis has promised to meet...

Vgenopoulos denies link to controversial Focus group

Former strongman Andreas Vgenopoulos

By Angelos Anastasiou

Former Laiki Bank strongman Andreas Vgenopoulos on Tuesday denied charges that ship-owner Michalis Zolotas, owner of the controversial Focus Maritime Corporation, is his “close friend and associate”, as allegations of the company being used as a slush fund to bribe political parties and state officials resurface.

Considered by many a key figure in the build-up to Cyprus’ banking meltdown in March 2013 through bad loans and investment bets, Vgenopoulos has trumpeted his innocence for years, accusing the


Officials’ no-show for FBME debate irks MPs

FBME BANK ?????G?? G?? ?O??S? ?O? ??G?S?O? ??S

By George Psyllides

MPs were irked on Tuesday by the refusal of state officials to attend a meeting to discuss FBME Bank, placed under administration by the Central Bank (CBC) following allegations of money laundering in the USA.

The attorney-general, the finance minister and the CBC governor did not attend the meeting. The attorney-general and the minister had written to the committee saying they would not attend so as not to affect ongoing legal procedures.

Deputy chairman of the House...

Bank of Cyprus revises 2014 loss upwards to €261m


By Stelios Orphanides

Bank of Cyprus’ audited results showed the lender made a €261m after tax loss in 2014 and revised upward its unaudited loss by €5m posted on February 25, the lender said.

The loss last year resulted from a €303m loss caused by discontinued operations related mainly to operations in Russia, Bank of Cyprus said in an emailed statement today. In 2013, in which the lender was forced to sell its operations in Greece and use its customers’...

Turkish Cypriot move to register zivania


The Turkish Cypriot Chamber of Industry (TCCI) has moved forward with registering traditional alcoholic drink zivania as a Protected Designation of Origin (PDO) product, although the certification is only applicable in the breakaway state.

According to the Cyprus News Agency, TCCI chairman Ali Cirali stated that while it is true the certification is not valid in the EU or Turkey, “it is the first step for filing for an application with the

Turkish Patent Institute and launching an initiative within...

Block 12 partners targeting regional markets

Energy minister Giorgos Lakkotrypis

By Elias Hazou

The consortium with a concession on offshore Block 12 will, sometime in the next few weeks, submit their development plan for the Aphrodite gas prospect to the government, energy minister Giorgos Lakkotrypis said on Tuesday.

“The development plan will essentially describe in detail the ways in which the subsea infrastructures will be done for the exploitation of the Aphrodite reservoir, as well as the potential markets which this exploitation will target,” Lakkotrypis told reporters after briefing a...

Armed prisoner who fled Virginia hospital captured in Washington (Updated)

Undated photo released by the Fairfax County Police Department shows a prisoner identified as Wossen Assaye

By Curtis Skinner

An armed prisoner who fled a suburban Washington hospital with a guard’s gun on Tuesday was recaptured in the US capital after a nine-hour manhunt, police said.

The prisoner, accused bank robber Wossen Assaye, 42, broke free from a private security guard at the Inova Fairfax Medical Campus in Falls Church, Virginia, at about 3 a.m. and fled with the guard’s weapon, the Fairfax County Police Department said on its Twitter account.

Assaye stole two cars during...

Heavy clashes on Saudi-Yemen border; Hadi government pleads for troops (Updated)

People stand on the rubble of houses destroyed by an air strike near Sanaa Airport

By Mohammad Mukhashaf and Sami Aboudi

Saudi troops clashed with Yemeni Houthi fighters on Tuesday in the heaviest exchange of cross-border fire since the start of a Saudi-led air offensive last week, while Yemen’s foreign minister called for a rapid Arab intervention on the ground.

Saudi Arabia is leading a coalition of Arab states in a six-day-old air campaign against the Shi’ite Houthis, who emerged as the most powerful force in the Arabian Peninsula’s poorest country when they seized Yemen’s...

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