cyprus mail

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Cyprus Mail www.cyprus-mail.com €1

Tuesday, July 10, 2012

CYPRUS

SPORT

REPORTAGE

CyTA stumps up cash, but it’s not enough 3

Record-breaking Federer: I always believed 32

Inside the lives of traders as Libor scandal continues centre

Unprecedented land swap deal Government cash payment a special ‘one-off ’ case By Stefanos Evripidou

F

OR THE first time ever, the government has approved the exchange of property between Greek Cypriot and Turkish Cypriot owners north and south of the island in what Attorney-general Petros Clerides was at pains to stress yesterday is a “special” oneoff case. Despite his claims, the government’s decision to transfer ownership of Turkish Cypriot property in Larnaca to Greek Cypriot refugee Dr Mike Tymvios and then purchase the land from Tymvios will have alerted the Turkish Cypriot leadership which has long argued for a comprehensive property settlement based on exchange. Clerides yesterday confirmed a report in daily Politis that the cabinet has approved the exchange of land between a Turkish Cypriot refugee and Tymvios, five years after the Greek Cypriot had reached a friendly agreement with Turkey over his occupied property. In 2003, the European Court of Human Rights (ECHR) ruled in favour of Tymvios, finding Turkey guilty of violating his human rights. Four years later, after applying to the Immoveable Property Commission (IPC)

in the north, Tymvios reached an amicable settlement with Turkey, agreeing to exchange approximately 600 donums of land near Tymbou in the north for 27 donums of Turkish Cypriot land in Larnaca. However, the friendly settlement proved a headache for the government as the land in question now had two schools sitting on it and a number of businesses. The Land Registry in Larnaca, on the advice of the Attorney-general, refused to allow the transfer of title deeds to Tymvios. The Greek Cypriot refugee filed two lawsuits at the Larnaca District Court against Cyprus for failing to approve the transfer, while seeking one million euros in rent for each year they delay the transfer. His case was further strengthened in 2008 when the ECHR endorsed the friendly settlement between Tymvios and Turkey, finding that the outcome did not violate his human rights in any way. Since that endorsement, the Council of Europe’s Committee of Ministers (CoM) has been responsible for monitoring the implementation of the decision. In 2010, Tymvios said he would take the government all the way to the ECHR to defeat the law on

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Gamal (left) and Alaa Mubarak, sons of ousted president Hosni Mubarak, sit behind bars in Cairo yesterday after a judge threw out pleas for their release from detention saying they must remain in prison until their trial in September (AFP)

Cyprus price warning for self-catering families from Britain SELF-CATERING holidaymakers in the UK hunting for best-value destinations have been warned to head for Spain but shun Cyprus, according to a newly-published price-comparison table. A basket of 20 supermarket-bought household

items, including alcohol, for a one-week holiday for a family of four cost £56.67 in Majorca, the table from Post Office Travel Money showed. But the same items were up to £104.29 in Cyprus. After Majorca, the best-value destination for self-ca-

terers was the Portuguese Algarve, where the basket of items cost £57.78. The next least-costly destination was Spain’s Costa Blanca (£65.31), followed by Minorca (£66.71). Apart from Cyprus, the most expensive destination surveyed was Corfu, where

the items cost £100.31. Cheese in Portugal was less than half the price of Cyprus, while butter in Corfu was three times more expensive than in Majorca. Milk in Majorca was almost a quarter of the price selfcaterers would have to pay in Cyprus.


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