Posts by tag: Leviathan

Archives February 15, 2013 posted by

Lillikas’ pre-selling notion is a gas say rival camps

THE CAMPAIGN HQs of presidential candidates Nicos Anastasiades and Stavros Malas wasted no time yesterday trashing the notion of pre-selling Cyprus’ natural gas reserves, as advocated by Giorgos Lillikas.

The two camps sprang on comments made by Charalambos Ellinas, the head of the state hydrocarbons company, who described as “non-serious” recent inquiries made by Dubai’s Royal Investment Bank Ltd for a possible advance purchase of gas.

The Lillikas team said the interest from Dubai proved their proposal was feasible and realistic.

But DISY had a completely different take:

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Archives December 4, 2012 posted by

CyTA staff protest against loan to state

SEMI-STATE telecoms company CyTA yesterday put off a decision on whether to loan the government €120 million from its pension fund, as employees demonstrated against the idea. 

The CyTA board convened yesterday to discuss the potential loan, with one eye on finding ways to ensure its repayment, and another on maintaining peaceful labour relations with staff by safeguarding their pension interests. No decision was taken. 

Three of the five unions representing CyTA staff outright reject any kind of loan, which would come on the heels of an earlier loan of €100m to the government that has yet to be paid back. 

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