Posts by tag: President Nicos Anastasiades

Archives April 27, 2013 posted by

MTN hits out at ‘childish’ CyTA

THE CYPRUS Telecommunications Authority (CyTA) was branded ‘silly and childish’ by rivals MTN yesterday as competition between the two in a crisis market gathered pace. 

Currently holding 34 per cent of the market share in mobile services, MTN has more than tripled its share since 2011 when it only held 11 per cent. To boost this share, MTN had recently begun a telesales campaign, randomly calling both MTN and non MTN subscribers, to offer new or additional competitive solutions, according to MTN CEO Philip van Dalsen.  

CyTA accused MTN of using private and privileged information during their telesales campaign and allegedly blocked calls to Cypriot mobile phones from Greece through MTN.

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Archives April 17, 2013 posted by

Consumers group says ‘watch out for special offers’


THE CONSUMERS’ Association has warned people to be wary of special deals at supermarkets and grocers, as there are many instances when the packaging might be damaged or the expiry date too close.

“From our experience we know that during times of economic hardship, companies tend to release plenty of special offers to try and get rid of products that are either damaged or are due to expire,” coordinator for the Consumers’ Association, Giorgos Stylianou told the Cyprus Mail.

He added that the association was trying to put consumers on alert.

“Everyone needs to be more vigilant and careful and refrain from buying unnecessary products or buying in bulk if it is not needed,” a statement from the association said.

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Archives April 6, 2013 posted by

Chinese company interested in Cyprus Airways

A CHINESE company is interested in buying ailing national carrier Cyprus Airways (CY), it was revealed yesterday.

In a statement to investors, CY said officials from Beijing Yi Xiang Da Investment Co Ltd held talks with finance ministry and airline officials.

Signs for a conclusion appear to be encouraging, the airline said, but there has not been an agreement yet.

The government said it was prepared to talk to anyone with the aim of finding a strategic investor.

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Archives April 3, 2013 posted by

Capital restrictions eased slightly

A FINANCE ministry decree, the third since controls were first introduced, yesterday raised the ceiling on transactions which do not require Central Bank approval to €25,000 from €5,000.
It also permits the use of cheques worth up to €9,000 per month.
Other restrictions introduced last week, including a €300 per day cash withdrawal limit and a €1,000 euro limit on the amount travellers can take overseas, remain in place.
Employer organisation OEV said the measure was in the right direction but was not enough for businesses to cover their obligations.
OEV urged the Central Bank to immediately review its decision and free the whole amount – 40 per cent – of uninsured deposits in the Bank of Cyprus.

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Archives March 14, 2013 posted by

New road will help prevent flooding

COMMUNICATIONS Minister Tasos Mitsopoulos yesterday visited the site of ongoing works for a road linking Limassol’s new port to the Limassol-Paphos highway.
The project will alleviate traffic in the city of Limassol and part of the €117 million bill is being footed by the European Commission’s cohesion fund. Mitsopoulos said that “another important dimension” to the project was the fact that beneath the road, a drainpipe was being built to prevent floods in the industrial zone and city centre.
 “Of course we will take advantage of this experience to implement more similar works,” Mitsopoulos said, but added that the private sector would need to be involved given the state’s tight finances.

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