Author Archives: Poly Pantelidou

Archives April 23, 2013 posted by Poly Pantelidou

Reduced water supply in Larnaca

THE LARNACA Water Board yesterday announced that water supply from government projects to the board will be reduced from today until Thursday due to planned works by the Water Development Department on the southern pipeline.
According to an announcement, the Board will make every effort to maintain continuous flows of water to its customers though they are warned to be particularly cautious in their consumption in the following days to avoid any cuts in the water supply.
The board expressed its regrets for any inconvenience that may be caused to the public. 

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Archives April 23, 2013 posted by Poly Pantelidou

Full steam ahead with energy centre

PRELIMINARY designs for an energy centre at Vasilikos are nearing completion, an energy official has said.
Solon Kasinis, executive director with the Cyprus National Hydrocarbons Company (CNHC), told the state broadcaster that studies on the centre’s technical specifications should be ready by next month.
The government is meanwhile looking for a strategic investor to undertake construction of the energy centre.
Once the technical designs are done, Kasinis said, authorities will invite expressions of interest for the project and at the same time begin probing potential long-term buyers for Cypriot gas.

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Archives April 23, 2013 posted by Poly Pantelidou

Short shrift to study claiming Cypriots richer than Germans

A EUROPEAN report on household assets and liabilities in various countries, which shows Cypriots as the second-wealthiest among 15 euro area countries between 2008 and 2011, has been knocked by economists.
The Eurosystem household finance and consumption survey (HFCS) carried out by the European Central Bank (ECB) covers more than 62,000 households across the 15 countries.
The sample sizes in each country were between 340 and 15,000 households. The survey was carried out between the end of 2008 and the middle of 2011 and was published this week.

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Archives April 23, 2013 posted by Poly Pantelidou

AKEL fears inquiry will criminalise politics

AN INQUIRY probing the causes behind the economic debacle is but a thinly-disguised political witch hunt, opposition AKEL charged yesterday.
Party leader Andros Kyprianou hinted the committee of inquiry is in reality a vehicle for the DISY government to lay the blame on the previous AKEL administration.
Arguing that the panel’s mandate is too broad and vague, Kyprianou voiced concern that it would end up criminalising politics.
“One should not be prosecuted for their political positions or views,” he said.
“Should they open this Pandora’s Box, then it will become possible for any previous government to be persecuted by the next government for its political decisions,” added Kyprianou.

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Archives April 23, 2013 posted by Poly Pantelidou

CTO hopes to shrink decrease in tourism from Britain

BRITISH arrivals to Cyprus were down by around 12 per cent last year, according to data collected by the British National Statistics Office.
Total visitors from Britain to Cyprus last year amounted to 821,000, down from 934,000 in 2011, having a total of 9.4 million overnight stays in the country and spending £558 million (€652 million).
The figure puts Cyprus as the 11th most popular destination for Britons in Europe, while Spain, France and Ireland held the top three positions.
The number of British visitors to Greece in 2012 came to 1,824,000, making Greece the 8th most popular European destination.

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Archives April 23, 2013 posted by Poly Pantelidou

Teen changes plea to guilty in soldier stabbing case

IN A dramatic change of plea, a British teenager has pleaded guilty to a charge of manslaughter over the stabbing death of a 19-year-old British soldier at a nightclub in Ayia Napa.
Mohammed Abdulkadir Osman, 19, admitted killing Private David Lee Collins from Manchester during a confrontation in the early hours of November 4 last year.
Osman, along with two other British teenagers were arrested shortly afterwards and charged with manslaughter.
Last week it was revealed that dialogue between prosecution and defence lawyers to set out the terms of a plea bargain had been on-going for over a month. The bargaining saw charges against the other two suspects dropped.

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Archives April 23, 2013 posted by Poly Pantelidou

Unions complain of non-Cypriot hiring bias

UNIONS said yesterday hotel owners were hiring workers from elsewhere in the European Union, accusing them of failing to take care of their own.
As the government is launching measures to encourage hotels to hire residents in Cyprus, hotels are hiring “Europeans,” union SEK’s Miltos Miltiadou said referring to non-Cypriot EU citizens.
“There’s an uncontrolled number of Europeans,” he said adding that he knew of at least one Paphos-based hotel that had recently hired 30 non-Cypriots.
Under European Union laws, citizens of any EU member-state may find employment elsewhere in the bloc.
But as unemployment continues rising in Cyprus, the government has introduced a scheme to alleviate problems in the tourist industry.

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Archives April 23, 2013 posted by Poly Pantelidou

Work schemes focus on tourism

UP TO 8,000 unemployed people could find a job via three government schemes aiming to “aggressively” reduce the jobless rate, the labour minister said yesterday. Most of them are due to be employed by hotels choosing to participate in a subsidised wage scheme for long-term residents, Labour Minister Zeta Emilianidou told the House Labour Committee. She was briefing deputies on her ministry’s role in economy-supporting measures announced last Friday by President Nicos Anastasiades. “Our latest data show that there are about 60,000 registered unemployed people in Cyprus,” Emilianidou said. She said that the ministry was using existing budgets as part of an overall plan to “aggressively reduce unemployment”.

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Archives April 23, 2013 posted by Poly Pantelidou

Energy bill cut will hit operations, EAC warns

THE electricity company (EAC) warned yesterday that its operation could be jeopardised by dwindling revenues this year due to a reduction in demand and cuts in electricity bills.
EAC chairman Charalambos Tsouris told lawmakers that a €37 million surplus forecasted for 2013 would not cover the losses in revenue caused by the recession that was expected to deepen.
The EAC had expected €1.95 billion in revenues this year.
However, demand for electricity was down 17 per cent, Tsouris said, which translated into a net loss of €40 million for the EAC.
The company’s revenues will also be affected by a recent cut in bills, which it could not really afford.

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Archives April 23, 2013 posted by Poly Pantelidou

Eurostat: significant increase in public debt

CYPRUS’ public debt showed a significant increase in 2012, according to data released yesterday by Eurostat.
Government debt amounted in 2012 to €15.350bn or 85.8 per cent of GDP. In 2011 the public debt was €12.778bn or 71.1 per cent of GDP, making it the second largest annual increase in eurozone debt after that of Spain.
Most countries overshot the Maastricht public debt limit of 60 per cent of GDP last year, with Greece, Italy, Portugal and Ireland being the foremost culprits. Germany posted a debt ratio of 81.9 per cent.
Cyprus was also among 11 countries that failed to meet the Maastricht deficit ceiling of 3.0 per cent, posting a deficit of €1.127bn or 6.3 per cent of GDP.

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