Daily Archives: January 7, 2010

Archives January 7, 2010 posted by

Baghdatis misses out on quarterfinals at the Brisbane International

Marcos Baghdatis was eliminated in the second round of the ATP World Tour 250 Brisbane International at the hands of Czech Thomas Berdych in the alarming fashion of 6-0, 6-1 after only an hour and five minutes of play on Wednesday at the Pat Rafter Arena.

The Cypriot number one was enthusiastic after his first round, straight sets, victory over American Mardy Fish: “It was not my best match, but I am very happy with the way I played today. It is my first match since two and a half, three months, so I am pretty happy.”

“In the off season I worked hard on my fitness; I am quicker, fitter and I am enjoying it. I am happy I won and with my attitude on-court,” he added.

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Triple victory for Cypriot basketball teams in FIBA EuroChallenge

LEWIS Sims poured in 28 points to lead Madisons APOEL over the Ukrainian team Khimik Yuzhny 84-78 in the fifth round of the FIBA EuroChallenge Regular Season Group B on Tuesday night at the FSC Olyimp arena in Yuzhny.

“The last couple weeks we won all our games, in Europe and in Cyprus. We came here to win the game. The first half we played hard and we put a gap between us and our opponents. In the second half we didn’t play so well but it was enough to win this game,” commented Madisons APOEL’s Gerben van Dorpe after the game.

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Jobless toll slowed in December but outlook still bleak

UNEMPLOYMENT in December 2009, dropped 2.8 per cent, compared to November but for 2009 overall, the jobless rate jumped 51.7 per cent over 2008, the Statistical Service announced yesterday.
The average number of registered unemployed for 2009, reached 17,505, compared to 11,541 in 2008, an increase of 51.7 per cent. The increase was mainly recorded in the sectors of construction, trade, hotels and restaurants, real estate and business activities, manufacturing as well extending to newcomers in the labour market.
The number of unemployed people registered at the District Labour Offices on the last day of December 2009, reached 21,530.

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Our View: Approach to property tax only causing confusion

THE GOVERNMENT’S plan to raise money by adjusting the valuation of real estate, which is still being calculated at 1980 prices, has sparked a political storm that has added to the general confusion surrounding the issue. Deputies from the all the political parties, except AKEL, have slammed the plan and so have representatives of businesses, who argue that the government could not have chosen a worse time to impose higher taxation on a struggling sector – land development companies.

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‘We’re hearing different things every day’

THE GOVERNMENT yesterday sought to defuse the row over its proposal to revalue Immovable Property Tax (IPT) after days of claims and counterclaims muddied the picture of who would actually be affected by the move.

While trying to clarify yet again what it all means, Interior Minister Neoclis Sylikiotis yesterday admitted the proposal was a “work in progress”. He repeated however that fewer than two per cent of landowners would be affected. Currently IPT is charged on a sliding scale to land or property, which was worth €170,000 (CY100,000) in 1980.

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Paphos is a ghost town

PAPHOS will turn into a ghost town, and unless drastic action is taken, the damage will be irreparable, restaurant owners have  warned.
The warning was issued by Fitos Thrassivoulou the president of the Paphos restaurant owners association and echoed by Evripides Loizides the spokesman of the Paphos hoteliers association.
More than 40 hotels are closed in the coastal town, some of them will remain shut until the end of Spring. In addition, restaurants, clubs, bars and other leisure facilities have also shut up shop for the winter in a bid to reduce losses.
Loizides warned: “Cyprus’ tourist product is getting old and unless we refresh it we will be in real trouble. “It’s not a question of how many hotels are closed for the winter season in Paphos but for how long.”

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All Change for Cyprus Airways

THIS YEAR promises to be a year of change for Cyprus Airways (CY) with the planned closure of all foreign branches, replacement jets and a management reshuffle.

The company, which is expected to report 2009 losses of between €3 million and €4 million, has already closed its Brussels office and will examine the closure of others individually throughout the year. Kyriakos Kyriakou, CA Spokesman, said yesterday “We examined the situation in all our stations and we came to the conclusion that it is financially better for us to close some. We think that by closing the offices we can save several million Euros.”

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Cyprus tops EU state for contribution of tourism to the economy

CYPRUS is the most specialised hospitality country in Europe, with over 17 per cent of the workforce employed in the sector, it emerged yesterday.
According to a Eurostat report, Cyprus tops the charts in terms of value added to the economy by hotels and restaurants.
Cyprus has 735 tourist establishments with an average bed capacity of 119.
The report shows that 12.2 per cent of value added to Cyprus business economy (excluding finance) came from this sector. This is more than twice that of Ireland, which had the next highest share.

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Unions want pay rises despite recession

Workers’ unions are determined to demand salary increases this year despite the current recession, they said. Trade union DEOK said this week its general council had agreed to pursue salary increases of 1.5 per cent. The decision had been reached only after having evaluated and weighed labour data and taking into account the current financial crisis, it said.

DEOK announced its decision on Tuesday as part of its policy on renewing public sector and semi-government organisation employees’ collective agreements. “According to the Council’s assessment the financial crisis cannot and should not be used as a pretext to impose anti labour policies and to freeze salaries and benefits,” it said.

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Paper driving licences to be swapped for plastic

CYPRUS will replace paper driving licences for plastic no later than next year, reports said yesterday.

The new licence, which is styled like a credit card and will have a photograph, is already in use in a large number of other European countries and looks set to be introduced in Cyprus by the start of 2011. Reports said the new licence will also allow motorists to indicate whether they would like to be an organ donor. A special code will be printed on to the card to clearly mark the driver’s wishes.

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