Monthly Archives: October 2012

Archives October 31, 2012 posted by

Gas licences given to four companies

 

FOUR licences for gas exploration in offshore blocks were announced by the government last night as part of the second licensing round launched in February.

The blocks for which the licenses have been awarded are: 2, 3, 9 and 11. They are all contiguous blocks, lying north and north-east of Block 12, where US firm Noble Energy has a concession to drill.

For blocks 2 and 3, licenses were awarded to a consortium consisting of ENI from Italy and KOGAS from South Korea; the license for Block 9 went to a consortium consisting of Total E&P Activities Petrolieres (operator), NOVATEC Overseas Exploration & Production GMbH and GPB Global Resources BV from Russia; and the Block 11 license went to Total E&P Activities Petrolieres.

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Archives October 31, 2012 posted by

Our View: Very difficult to take the case of planned AG murder seriously

IT IS VERY difficult to take the case of the planned murder of the Attorney-General entirely seriously. Everything fell into place so easily it was almost as if the whole thing had been stage-managed and rehearsed in advance. The police had been tipped off about the plot by a convicted murderer – Antonis Prokopiou Kitas, a.k.a. Al Capone – who is serving life and had on several occasions in the past caused embarrassment to the force.

The whole case was based on the testimony of an unreliable, attention-seeking criminal turned police informer who, a few months ago, wrote to the Attorney-General Petros Clerides requesting to be released. 

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Archives October 31, 2012 posted by

Govt may struggle to pay December state salaries

 

THE government may struggle to pay public sector salaries in December unless a bailout deal is clinched by mid-November, an official document quoted Finance Minister Vassos Shiarly as saying.

Shiarly expressed the hope yesterday that international lenders would be on the island early next week to finalise the conditions for the island’s bailout.

And the minutes quoted Shiarly as saying Cyprus might be “butchered” if international lenders dealt with the country in isolation from other eurozone states that need financial aid.

Meeting December’s payroll commitments was contingent on the goodwill of bankers, the minister said according to the minutes of a meeting with parties in parliament.

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Archives October 31, 2012 posted by

Probe against ‘placebo paediatrician’ dropped

THE Cyprus Medical Association (CMA) has decided to end its probe against a paediatrician accused three years ago of administering placebo vaccines to teenagers.

“The decision was mainly based on the fact that unfortunately, the unexpected death of the disciplinary council’s member doctor, Dr Simos Ellinas, resulted in the medical council’s composition being altered, which based on current legislation, makes it obligatory for the case’s trial to start from the beginning again,” the CMA said.

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Archives October 31, 2012 posted by

'No promises' given to convict

NO promises were given to a convict who tipped authorities off about an alleged plot to assassinate the attorney-general and the central prison governor, Justice Minister Loucas Louca said yesterday.

Police have detained three suspects in connection with the case – a convict thought to be the mastermind, a former contract soldier, the alleged triggerman, and a lottery ticket seller.

According to police, the plan was to ambush Attorney-general Petros Clerides on the route between his home and work and use a disposable anti-tank weapon or LAW to assassinate him.

Louca yesterday confirmed that prison governor Giorgos Tryfonides was also a target.

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Archives October 31, 2012 posted by

Authorities knew ‘an event’ at Mari was only a matter of time

 

AUTHORITIES knew “an event” at Mari naval base was only a matter of time, a witness testified yesterday in the ongoing trial.

Themistocles Kyriacou, of the Labour Inspection Department, told the court of an on- site inspection of the 98 munitions containers that took place on July 6, 2011, five days before the massive blast which left 13 people dead and scores injured.

Kyriacou, who was among the inspection party, said the check was called after one of the containers was found to have swollen and to have shifted by 30 centimetres from its original position due to an explosion of the munitions inside.

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Archives October 31, 2012 posted by

Grid slowly getting back to size

THE devastating effects of the Evangelos Florakis naval base blast in Mari – which killed 13 people and blew up the island’s main power station in Vasilikos – dominated the Electricity Authority of Cyprus’ (EAC) 2011 report, which was made public yesterday.

Presenting the semi-government organisation’s financial data, EAC chairman Haris Thrassou – who yesterday also announced his resignation – said the authority was still trying to make up for the effects of the Mari blast.

“The ability to generate 798MW of the total installed capacity of 1,520MW was lost,” Thrassou explained. “Given that the catastrophe occurred during the summer period of peak demand, when the expected Maximum Demand was 1,150MW, it was obvious that the available load of 722MW would be inadequate.”

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Archives October 31, 2012 posted by

Chairman's resignation no surprise

EAC chairman Haris Thrassou yesterday announced he was resigning from his post.

Thrassou said he handed his resignation to President Demetris Christofias in a meeting on Monday, during which the authority’s 2011 report was handed over.

He said the president accepted his resignation, but asked Thrassou to remain in his post until his replacement was arranged.

“When I accepted this position, the President of the Republic and the cabinet knew my term was for three years,” Thrassou explained. “But then, due to events that followed (Mari), I was asked to stay on for a little while longer, which I did. My close associates knew of my intentions and this is not a surprise to them.”

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Archives October 31, 2012 posted by

Computer stolen

A COMPUTER and software worth €30,000 were stolen from an EAC station in Pyla, it was announced yesterday.

According to the police, the theft was reported by an EAC official, who said the incident must have taken place at some point between May and October.

Police spokesman Andreas Angelides yesterday said the computer contained software worth €30,000, which could only be used by the EAC and nowhere else.

Angelides called on anyone with information on the case to contact the numbers 122 or 199, or Larnaca CID.

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‘Banks have to work out how to compensate misled investors’

FINANCIAL regulatory authorities said yesterday it’s up to commercial banks to work out how to compensate the thousands of investors claiming to have been misled into buying high-risk bank securities.

It recently transpired that the island’s two largest lenders – in need of a bailout – collectively accumulated over one billion in securities but stopped paying interest on them after making significant losses in the wake of a Greek sovereign debt write-down. The banks closed access to capital, affecting thousands of people.

The majority of the investors claim they were deceived by the banks into investing in securities without being told the risks by an authorised professional.

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