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Read MorePosts by tag: memorandum
Measures announced to boost economy
THE government will soon approve measures aimed at boosting the crippled economy, that are expected to include casinos, fast-tracking permits for large projects, tax breaks, and relaxation of measures to encourage foreign investment.
“I have already made some announcements but the essence of the measures will be decided by the cabinet,” President Nicos Anastasiades said yesterday.
The president said the government’s drive would focus on incentives for growth.
Anastasiades outlined the government’s intentions in an interview he gave on Sunday.
The first would be to fast-track permits concerning pending large projects, aiming to at least give the okay within 30 days.
Extra security laid on when banks reopen
TOMORROW morning when the banks are due to re-open there will be an extra 180 licensed private security guards making sure there are no outbreaks of violence. According to a member of police, they have also been put on alert to be extra vigilant outside the island’s banks.
Private security firm G4S is responding to extra demand by the banks by posting an extra 180 of its employees both outside and inside branches from tomorrow until order is restored to the banking sector.
Tales from the Coffeeshop: We have taken a battering from the EU, and been stabbed in the back
THE COMRADE was in top form this week on his visit to Brussels, bad-mouthing our partners, slamming the EU, expressing disgust for the thieving markets and of course blaming Athanasios Orphanides and the banks for Kyproulla’s current woes.
“We were stabbed in the back by different quarters of the Union – allegations of money laundering, allegations that we were a paradise for Russian oligarchs, allegations that we would use the loan to protect the Russians and much more, all of which were blows below the belt,” he told the members of our representation in Brussels.
Motorbike stolen after keys left in ignition
POLICE yesterday issued a warning to all motorbike owners to ensure they take all necessary security measures, after a 29-year-old from Larnaca, having left his keys in the ignition, had his high-powered motorbike stolen.
According to the force, the 29-year-old said his €2,000 black GILERA, 200cc bike – with a KTF 304 number plate – was stolen from outside his house in Larnaca on Wednesday.
The police called on anyone who may have information on the motorbike’s whereabouts to contact Athienou police station, the nearest police station or the civilians’ hotline on 1460. They could also call 112 or 199.
Read More100 days until EU presidency
ONE OF Cyprus’ biggest challenges during its upcoming presidency of the EU will be handling the negotiations for the 2014-2020 EU budget, the European Affairs Deputy Minister Andreas Mavroyiannis said yesterday.
Mavroyiannis and his team, tasked with overseeing the presidency’s affairs, held a news conference to mark 100 days until July 1 when Denmark will hand over the helm to Cyprus.
“At a time of a financial crisis with deep social facets, Cyprus needs to achieve political consensus on the multiannual financial framework,” Mavroyiannis said.
In most cases the council together with the European Parliament – whose MEPs are directly elected by EU citizens. – will need to agree on law and budget proposals.
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