News Local President Anastasiades commenting on State’s involvement in Coop-bank issues

President Anastasiades commenting on State’s involvement in Coop-bank issues

President of the Republic, Nicos Anastasiades, in a recent comprehensive interview with ‘Phileleftheros’ newspaper, aims to maintain the social equilibrium, following the tragic death of a 10-year-old boy, Stavros Giorgalli, stressing that the state will continue to invest in dialogue and cooperation, adopting effective measures due to address underlying problems.

Furthermore, President Anastasiades defends the Council of Ministers and rejects excessive criticism.

As regards to Cyprus Cooperative Bank uncertain fate, the President stressed that his individual intervention was aimed at the avoidance of investment funds’ negative exploitation at the expense not only of the Coop Bank but also of the State. ‘We never intended to withhold the real situation about Coop-bank’, Anastasiades said, adding that some people are unaware of the fact that Coop’s problems stem before 2013, due to poor management of the bank, so now, in 2018, the State was forced to step in to save the bank with a capital of € 1.7 billion.

‘The State did not intervene in the sense of influencing decisions, but in the sake of public interest’, President Anastasiades explained.

Top Stories

162 new cases, five deaths announced on Monday

The Health Ministry announced the death of five persons due to COVID-19. This raises the death toll from the virus in Cyprus to 175,...

Where to get antigen rapid tests on Tuesday

The Health Ministry announced the following antigen rapid test sites for Tuesday, 19 January 2021: LIMASSOL Apostle Loucas Church, Agios Athanasios 08:30-16:30 Agios Stylianos Church, Linopetra 08:30-16:30 Cultural...

Searches for 70 year old woman missing at sea suspended due to bad weather

Searches to find a 70 year old woman missing off the Phiikoudes beach in Larnaca have been suspended due to extremely bad weather conditions...

Tourist arrivals plunge by 84% in 2020 in one of Cyprus’ worst tourist seasons due to Covid

Tourist arrivals in Cyprus reached a mere 631,609 plunging by 84.1% year on year in one of the worst ever season for Cyprus’ tourist...

Germany demands release of Kremlin critic Navalny

Germany on Monday demanded the release of Kremlin critic Alexei Navalny, detained on Sunday on his return to Russia, and said it would discuss...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...