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Demetriades looking forward to U19 draw

Demetriades looking forward to U19 draw

March 8, 2016 Sports Comments Off on Demetriades looking forward to U19 draw

Cyprus under-19 boss Renos Demetriades is confident his side are in good stead ahead of next week’s draw for the 2015-2017 European Championships.

Cyprus will be in pot 1 for the draw which will see teams battled through two rounds (qualifying and elite) before reaching the finals in Germany. Cyprus have so far managed to reach four consecutive elite rounds and sit an impressive 27th in the UEFA rankings.

“The advantage that we have is the fact that the spine of the team is made up of players who have played with each other at previous national team levels,” commented Demetriades – a former coach and player of Olympiakos Nicosia. “They are continuing their progress together and that is a big lift for them.”

Cyprus’ last participation in the elite round was in Georgia where Demetriades’ side beat Romania 1-0 before suffering consecutive defeats to hosts Georgia (1-3) and then Montenegro (3-6).

“We will be looking to lay down the correct foundations that will help us to qualify for the next round,” he continued. “We were disappointed by our performances in Georgia but that is behind us now and we are looking ahead. There is talent in the squad and I am confident that all the hard work we have put in will pay off.”

Some of the players in the national team squad have already had a taste of senior club football including Apollon left back Christos Wheeler, his club teammate Andreas Fragkou while APOEL trio Demetris Charalambous and brothers Pavlos and Fivos Christodoulou have featured in the UEFA Youth League this season against Barcelona, PSG and Ajax.

The draw will take place on December 3 in Nyon, Switzerland.

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Cyprus central bank governor Panicos Demetriades resigns

Cyprus central bank governor Panicos Demetriades resigns Panicos Demetriades was criticised for his handling of a €10bn international bailout last year

4:46PM GMT 10 Mar 2014

Cyprus central bank governor Panicos Demetriades, whose performance came under fire over the island's banking crisis last year, has resigned, the president's office announced.

President Nicos Anastasiades, his leading critic, accepted the surprise resignation, delivered to the Cypriot finance minister at a meeting in Brussels also attended by a European central bank representative.

State radio said Mr Demetriades in his resignation letter cited "personal, family and difficulties in working with the central bank board" as reasons for stepping down, after several months of having refused to quit.

According to the president's office, Mr Anastasiades thanked him "for his contribution in the great effort that has been undertaken over the past year to rescue the country from bankruptcy and to stabilise the financial sector".

The resignation of Mr Demetriades, 55, less then two years into the job, would take effect on April 10, in keeping with the month's notice in his contract.

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Last September, Mr Anastasiades criticised the governor's performance and said that he no longer had confidence in him.

The rightist leader said he was seeking legal action to remove Mr Demetriades, since under the Cypriot constitution a central bank governor can only be dismissed by the courts.

Mr Demetriades, named by Mr Anastasiades' communist predecessor Demetris Christofias, came under criticism for his handling of a €10bn international bailout last year to rescue the island's banking system from collapse.

The bank chief was at the helm during negotiations to navigate Cyprus through the crisis that led to Nicosia agreeing a painful bailout involving an unprecedented haircut on deposits.

Cyprus shut its banks for two weeks during the bailout crisis and introduced strict capital controls, which have been relaxed but are still in place.

Mr Anastasiades accused Mr Demetriades of being slow to respond to the economic fallout.

But the European central bank warned against political pressure on the governor, who refused to stand down.

Mr Demetriades said the island's strict adherence under his tenure to bailout conditions laid down by international lenders were factors that earned praise from the Eurogroup and the IMF.

Cyprus has passed three evaluations from the troika of international lenders paving the way for it to receive much-needed rescue funds.

But some members of the central bank board have been openly critical of Mr Demetriades, whose family has reportedly received anonymous threats.

Last year, Mr Demetriades was also questioned by police in connection with the validity and terms of a contract which the central bank signed with London-based consultancy firm Alvarez & Marsal.

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Cyprus: With the sound of the flute

With the sound of the flute

Ledra Music Soloists has the honour to present, for the first time in Cyprus, the internationally acclaimed virtuoso flautist János Bálint for a musical soiree with Cypriot pianist Dr Nicolas Costantinou. The two artists propose a memorable evening with selections from the Romantic period to the 20th century. The programme will include masterpieces that highlight the instrument's technical abilities as well as illustrate its wide range of musical colours. Most notably, the audience will have the chance to enjoy Prokofiev’s wonderful Sonata in D major, as well as Liszt’s Second Hungarian Rhapsody in a transcription by our invited guest. The recital will also feature the acclaimed Cypriot flautist Diomedes Demetriades who, together with the two artists, will perform Franz Doppler’s famous Duet, op. 25.

János Bálint [flute]

Nicolas Costantinou [piano]

Diomedes Demetriades [flute]

Frühling: Fantasie, for flute and piano, op. 55

Dohnányi: “Aria”, from Two Pieces for Flute, op. 48

Prokofiev: Sonata for flute and piano in D major, op. 94

Doppler: Andante and Rondo, for two flutes, op. 25

Liszt (arr. J. Bálint): Hungarian Rhapsody No. 2, S.244/2

Children up to 15 years old FREE ENTRANCE

Pallas Theatre box office, every Wednesday, 16:00–19:00, at the door the night of the concert and www.soldoutticketbox.com

Paphos Gate, Old Nicosia

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