Posts by tag: energy

Archives January 11, 2013 posted by

Orphanides said he had permission to take laptops

FORMER Central Bank governor Athanasios Orphanides revealed yesterday that a pair of laptop hard drives he has been accused of not returning to the regulator, were in fact removed with the agreement of the bank’s IT officials.
The current Central Bank administration has been trying to retrieve the hard drives while ruling AKEL has accused the former governor of withholding data and documents belonging to the regulator.
Orphanides had always said that he had no documents in his possession belonging to the Central Bank and that the controversial drives contained his personal correspondence, which could not be deleted.
He said yesterday that they had been removed with the agreement of the officials of the regulator’s IT department.

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Archives November 9, 2012 posted by

Cyprus and Ukraine sign eight bilateral agreements

CYPRUS and Ukraine yesterday signed eight cooperation agreements during an official visit here by Ukrainian President Viktor Yanukovych.
The agreements are the culmination of extended talks between the two nations begun in Kiev last year.
Top of the agenda was the agreement for the avoidance of double taxation concluded by the countries’ finance ministries.
In addition, the two governments signed seven memorandums of understanding for cooperation on maritime merchant shipping, public health, civil aviation, agriculture and foodstuffs, sports, investment promotion, and education.
Speaking after the signing ceremony in Nicosia, President Christofias expressed satisfaction over the completion of bilateral talks, highlighting the double-taxation agreement.

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Archives November 3, 2012 posted by

Legal services delaying on petrol stations

THE HOUSE environment committee yesterday said that because of delays with the legal services, dangerous petrol stations including one found responsible for a city centre fuel leak were being allowed to operate.

The petrol station that caused a fuel leak in central Larnaca reopened in September, following the temporary shutdown of two other petrol stations while municipal workers looked for the leak.

The head of the environment committee, Adamos Adamou, said yesterday they needed to update legislation to solve problems with the 150 unlicensed petrol stations in Cyprus. 

But the legal services are still examining a bill proposed by the commerce ministry to create a framework to deal with petrol stations.

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Archives September 13, 2012 posted by

'Hungary needs to make up for controversial prison release'


HUNGARY has a lot to do to make up for the release of convicted murderer Ramil Safarov, the Armenian Ambassador to Greece and Cyprus, Gagik Ghalatchian, has said.

World-wide, the Armenian community has been protesting the release of Safarov, an Azeri officer who hacked to death Armenian officer Gurgen Margaryan in Hungary back in 2004. The two men were attending a NATO-run English language course.

Safarov was sentenced to life imprisonment in Hungary but was sent back to Azerbaijan where he was recently pardoned.

On return to Azerbaijan Safarov was welcomed as a hero, pardoned, promoted to the rank of major, and paid wages for the eight years he was in jail.

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Archives July 3, 2012 posted by

Jehovah’s convention

THE DISTRICT Convention of Jehovah’s Witnesses will be held this Friday at the Spyros Kyprianou Athletic Centre in Limassol. The two-day convention titled “Safeguard Your Heart!” will be held over three days, ending on Sunday July 8.

According to a press release, the convention will highlight biblical references to the heart, encouraging self-scrutiny and reflection, which will amount to a three-day examination of what the convention calls “one’s own figurative heart”.

The convention programme will be presented in Greek, English and Russian and will be translated in Arabic, Polish, Romanian, Bulgarian, Singhalese and sign language for deaf people.

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Archives June 23, 2012 posted by

CyTA clean-up for seabed

A GROUP of divers will clean up the bottom of the sea and beach area at Malama near Protaras tomorrow as part of a campaign aimed at creating environmental awareness.

The divers, who are part of the CyTA employees’ welfare fund (TEY-ATHK), will gather at Malama beach at 9am and then proceed with the clean up in two groups.

The first group will dive into the bay along the beach to gather up all the tyres and other discarded bits of rubbish from the sea. 

The second group will stick to cleaning the rubbish from along the beach. 

The event was organised in conjunction with the Environment Commissioner Charalambos Theopemptou.

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Archives June 17, 2012 posted by

The empty promises of fools

WE WATCH Rik1 news most nights because the static topic subtitles (Mega and Sigma’s are fast moving and Antenna uses barely visible white lettering on sky blue background) give us time to scour our two dictionaries in search of English translations; an easy way to ameliorate our knowledge of the Greek language and its variable usages. Of course, the newscaster reads from a well prepared script, which is not always easy to follow for us and many less young compatriots, who left school at 12 years of age to work on the land and, like us, rejoice alone in the local dialect – ‘ta vareda’. 

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Archives June 14, 2012 posted by

SPECIAL REPORT Andreas Vgenopoulos: just a poor man with money

LIKE MANY Greek tycoons these days, Andreas Vgenopoulos is in trouble.

The self-made businessman built one of Greece’s leading corporate empires over the past two decades. Among its jewels was a major bank in the  nearby Mediterranean island nation of Cyprus. Then it all started to unravel.

In 2010, Marfin Investment Group (MIG), the firm Vgenopoulos managed which has stakes in everything  from privatised national carrier Olympic Air to food  giant Vivartia, lost 1.8 billion euros. The loss, largely made up of write-downs on goodwill, was the biggest ever for a Greek company to that point. 

There is a joke in Athens that MIG’s initials stand for “Money Is Gone.”

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Archives June 13, 2012 posted by

Meeting to view snags in China airport plan

THE PROPOSED €600m Chinese investment at the old Larnaca airport appears to have hit a number of economic and legal snags which will be discussed tomorrow at a key meeting between representatives of the state, the company and Hermes Airports.

Communications Minister Efthymios Flourentzos yesterday acknowledged the proposal from Chinese-interest company Far Eastern Phoenix (FEP) to extend its original 19-year agreement with Hermes Airports for a further 31 years with the state is causing a few problems.

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Archives June 12, 2012 posted by

Tougher penalties and even stricter rules for smoking

FINES of up to €800 are some of the provisions of a new stricter bill drafted by the Health Services in an effort to deter smokers who flout the ban.

Acting head of Health Services Christos Christou said: “We’re working on a bill at the moment that among others would provide for stricter provisions for those who (illegally) smoke indoors and those who allow these people to smoke in areas where it’s not permitted,” said Christou.

Although the smoking ban has been in force on the island since January 2010 it has long been flouted by not only customers but bar/club owners. 

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