Daily Archives: November 9, 2011

Archives November 9, 2011 posted by

EU to tackle violence and intolerance in sport

THE EUROPEAN Commission is to give €1,400,000 to fund initiatives aimed at tackling violence and intolerance in sport, and to strengthen the way sport is run in Europe. Cyprus is participating in the programme with two projects. 

The EU funding will covers two themes; preventing violence and intolerance in sport and promoting approaches to strengthen the organisation of sport in Europe. 

Cyprus is participating in the first theme with a project titled ‘Prevention of sexualised violence in sport’, which concerns the creation of a network of experts and organisations to prevent sexual violence in sports. 

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A pyramid to warn of a French nuclear waste site?

HOW can mankind signal to future generations thousands of years from now that hazardous radioactive waste is buried deep underground in eastern France – by building a giant pyramid, a museum or a site for art projects or by employing geology?

Patrick Charton, who is in charge of a memory project at France’s radioactive waste agency Andra, has been grappling with this philosophical question for the past 16 years.

France, the world’s most nuclear-dependent country dotted with 58 reactors, has so far stored the radioactive waste produced in the past three decades in above-ground facilities at a nuclear fuel reprocessing plant in La Hague on the coast of Normandy.

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Archives November 9, 2011 posted by

SALE MOTOR

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More economic measures being mulled

THE government yesterday said it planned on taking additional measures above and beyond those already taken to shore up the ailing economy, and censured parliament for passing laws that have cut back state revenues.

Speaking from Brussels, Finance Minister Kikis Kazamias said the government had to, before the end of the week, look into “processing and taking some additional measures to improve the economy.”

“The time has come,” Kazamias told state broadcaster CyBC. He did not elaborate on what those measures might be however. 

Moody’s ratings agency yesterday downgraded the island’s main banks over the reduced ability of the government to support the large banking system if necessary.

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Our View: Education ministry should stand firm on discipline threat against teachers

 

CONGRATULATIONS to the Ministry of Education for threatening to take disciplinary measures against the state primary school teachers over their work to rule measure. In a letter sent to the union POED, the ministry’s permanent secretary also raised the possibility of docking wages, in the event teachers continued to refuse to fulfil their professional obligations.

POED and its secondary school comrades in OELMEK have been protesting ever since the government decided to force all public-sector workers to contribute a small part of their salaries to the Social Insurance Fund and suspend the payment of Cost of Living Allowance for the first six months of next year; it also lowered entry level salaries by 10 per cent. 

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‘State agrees with opposition proposal for tax amnesty

THE government appears to agree with an opposition proposal for a tax amnesty of sorts, pending a legal ruling over its legitimacy, it emerged yesterday.

The matter was discussed behind closed doors by the House Finance Committee, whose chairman, DIKO’s Nicolas Papadopoulos said that the finance ministry agreed with the proposal.

Tabled by main opposition DISY, the proposal basically provides for any interest or fines exceeding 5.0 per cent of the total amount due to the inland revenue department to be written off, provided that the arrears will be settled in full by the end of this year.

The arrangement covers tax debts up until December 31, 2008.

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Card spending up

 

CARD spending by Cypriots recorded an 11 per cent increase between January and October, Cyprus’ main credit clearing agency said yesterday.

Cardholders swiped €1.7 billion over 10 months, and €185.9 million worth in October alone, JCC transactions said.

The average value per transaction remained the same as last year at €73.

Meanwhile tourists swiped €420.9 million over the same period, recording a 10 per cent increase.

Tourist card spending for October alone reached €51.4 million – a 2.0 per cent rise.

The average value per transaction in October dropped to €113 from €114 in 2010, JCC said.

Purchases and withdrawals by Cypriots abroad rose 10 per cent to €1.06 billion between January and October.

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President: economic ties with Russia remain sound

PRESIDENT Demetris Christofias has expressed certainty that in spite of the global financial crisis the sound basis of Cyprus’ economic relations with Russia will be reinforced.

Addressing an event organised by the Cyprus-Russian Friendship Association to mark 50 years since its establishment, President Christofias said that Cyprus constitutes an important business and economic hub which attracts the interest of Russian investors. 

He said that the Russian community in Cyprus has particular dynamism while the influx of tourists from Russia has increased by 50 per cent compared to last year.

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