Daily Archives: January 4, 2013

Archives January 4, 2013 posted by


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Archives January 4, 2013 posted by

Motorists queue to fill up tanks


MOTORISTS snaked in long queues at petrol stations across the island last night ahead of today’s indefinite strike by petrol station owners demanding a freeze in new licences until new legislation is implemented to regulate the market. 

The operators’ association said it was left with no other choice after numerous discussions with authorities yielded no results. The association argued it was promised by the government that stricter restrictions on acquiring new licences would be introduced so as not to flood the market, but that these have not been implemented. 

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CB governor: banking sector ‘turning the page

THIS YEAR will be full of challenges, Central Bank Governor Panicos Demetriades said yesterday, with the need to successfully implement the bailout adjustment programme taking centre stage.

Successful implementation of the adjustment programme would secure the stability of the island’s banking system, which is currently going through severe turbulence due to its exposure to Greece, the governor said.

“Our aim is for a banking system based on solid foundations,” Demetriades told reporters.

Demetriades, who took over at the helm of the Central Bank early last year, struck a note of optimism about the future of the sector.

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Opposition concerned over debt sustainability

OPPOSITION parties DISY and DIKO yesterday called for an emergency meeting of the House Finance Committee to discuss ways of keeping the island’s debt sustainable and avoid additional austerity.

The two parties, which support the candidacy of DISY chief Nicos Anastassiades in February’s presidential poll, said joint action was necessary to reverse the situation and create prospects for the Cypriot economy.

“If together we succeed in keeping the public debt at sustainable levels, then we will avoid taking additional painful measures and at the same time create better conditions for a faster recovery of the economy,” said Anastassiades’ spokesman Tasos Mitsopoulos.

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Working out the kinks in new time system

VARIOUS sectors of the public service are still trying to work out the kinks in the new working hours that were agreed under the bailout terms with international lenders.

State services are serving the public for longer following extended working hours, which came into effect on Wednesday, the public administration and personnel department has said.

Civil servants – but not shift workers – can start work at any point between 7.30am and 8.30am and leave between 3pm and 4pm as a transition. From September 1, employees will come in between 8am and 9am, leaving between 3.30pm and 4.30pm.

They will no longer work Wednesday afternoons to serve the public, spreading out that time over the week instead.

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A bad winter but hopes high for summer season

THE winter tourist season in Paphos has been one of the worst in the past ten years but according to industry professionals, there is a glimmer of hope.

The manager of the Paphos regional board of tourism, Nassos Hadjigeorgiou said that in order to ensure that the next winter season was better, pre- planning and action was imperative.

“It has been a very difficult winter for Paphos compared with previous years,” he said. “Domestic tourism was less than expected this year, as people chose to stay at home. Apart from the Russian injection of around 4,000 visitors during the festive season, there aren’t any other signs of positive developments for the winter period.”

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Early ‘official’ sales period starts to boost business

DESPITE many shops having started their sales before Christmas, the Pancyprian Association of Clothing and Footwear a member of the small shopkeepers union POVEK, announced that the official  winter sales period began yesterday. 

“The sales are just the continued reduction in prices, a phenomenon,  which has been recorded by the commerce ministry over the last three years,” a statement from POVEK said.

“Our aim is for all the consumers to be given the opportunity to buy cheaper goods so small family businesses and the marketplace in general can be revitalised,” it added.

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A great place for a child to be born in 2013

CYPRUS beat out Britain and France, coming in 23rd place in a list of 80 countries ranked according to whether they were a good place for a child to be born in 2013.

The ‘where-to-be-born ‘index  was first compiled a quarter of  a century ago by the Economist Intelligence Unit as a light-hearted project but it says it has now earnestly calculated where would be best to be born in 2013. 

The quality-of-life index links the results of subjective life-satisfaction surveys – how happy people say they are -to objective determinants of the quality of life across countries. 

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Jobless to man election centres

EIGHT hundred unemployed degree-holders were randomly drawn from a list on Wednesday night at the district office of Nicosia, as part of an island-wide effort by the interior ministry to provide temporary employment during election-time for those out of work. 

Those picked will be responsible for manning the election centres in the Nicosia constituency with the other districts following suit in the coming days.

The list of those chosen to man the election centres appears on the ministry’s website (www.moi.gov.cy/da) with each person chosen represented by their identity card number. The list of runners-up also appears on the site in the order they were chosen. 

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