Posts by tag: tourism

Archives April 25, 2013 posted by

Nicolaou sworn in to inquiry panel

FORMER Ombudswoman Iliana Nicolaou was sworn in yesterday at the Presidential Palace, before President Nicos Anastasiades, replacing Panayiotis Kallis on the committee of inquiry into the economy, after he resigned on Tuesday.

Speaking to Nicolaou, Anastasiades said, “I would like to thank you for your willingness to participate in the committee of inquiry which has been set up to investigate the acts or omissions of persons who were authorised to manage Cyprus’ economy or its banking system”. 

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Archives April 21, 2013 posted by

Cypriot-based firm takes on Germany over pre-war bonds

A CYPRUS-BASED company, Mortimer Offshore Services, is engaged in a lengthy legal battle in the US over pre-World War II German Gold Bonds the company says are worth around $9 billion.
According to Avraam HadjiGiovannis, a Business Engineer Consultant who is close to the proceedings, the bonds were bought in the open market from American citizens who had been buying the debt for years over the last century.
These particular bonds, issued by Lee Higginson Trust Company, and printed by the American Bank Note Company, were traded on the US stock exchange. Mortimer began buying up the bonds in the nineties but says Germany refuses to allow encashment.

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Archives April 19, 2013 posted by

Community garden planned in Yeroskipou

A COMMUNITY garden which will produce vegetables to help feed the poor looks set to get underway in Yeroskipou in Paphos.

The initiative has the support of the Green Party, the Environment Commissioner and Yeroskipou municipality.

The idea will see volunteers working on donated land to grow produce which will go towards helping the needy families and individuals residing in the municipality.

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Archives April 7, 2013 posted by

Final haircut figure expected tomorrow


OFFICIALS at the Central Bank will work through the weekend to come-up with a final percentage for the levy on uninsured deposits of over €100,000 at Bank of Cyprus, it was reported yesterday.

An announcement is expected tomorrow. The decision is dependant on calculations regarding the offset of loans against deposits according to head of internal audit at the Central Bank, Yiangos Demetriou. He expressed the belief that once measures were  put in place it would breathe life back into the market and to trading.

Most reports suggest depositors with over €100,000 with the bank will take a hit of 60 per cent. 

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Archives March 20, 2013 posted by

No cash? You can now donate your shopping points to help the poor

THE recent developments in the bailout crisis, and the ensuing uncertainty regarding the levy on bank deposits, has further jeopardised efforts to help poor families, volunteers said yesterday.

Paphos business-woman Pavlina Patsalou who heads up the group of volunteers which she started with Paphos councillor George Sofokleous to help what has now grown to over 400 families, said the news of bail-in of depositors has come as a terrible shock.

Whatever would be ultimately decided, the immediate future for all Cyprus would be difficult in the coming weeks, Pataslou said.

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Archives January 22, 2013 posted by

Some flight delays over bad weather

FOUR flights were delayed yesterday, to and from Larnaca airport with adverse weather conditions affecting air routes to many European countries. The flights to and from Frankfurt and Heathrow Airports were the only ones delayed.

“The bad weather which has hit many European countries is continuing, resulting in some flights from Larnaca airport being affected,” Hermes Airports spokesman Adamos Aspris said. “There is a noticeable improvement of the situation as the number of flights affected has decreased,” he added.

Hermes reported that flight delays where they did occur, would be around one and two hours.

“Luckily for Cyprus, most flights are only delayed and cancellations have been avoided,” Aspris concluded.

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Archives January 6, 2013 posted by

Beetle threat to palm trees


I MENTIONED the problems with Hibiscus rosa-sinensis on the island at the end of last year but there is an even greater threat to our gardens, parks and landscapes and that it is Palm Beetle. I have written previously about the problem that these beetle causes, but having met someone recently from the east of the island whose trees are greatly affected, I was asked if I would repeat the treatment and I hope that it will help others and perhaps halt the spread of this awful beetle.

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Archives December 29, 2012 posted by

Fewer children dropping out of school

CYPRUS has one of the lowest percentages, from all 27 European Union countries, when it comes to school drop-outs.

The figure was revealed in the latest Key Data on Education report, published by the Eurydice Network and Eurostat which combines statistical data and qualitative information to describe the organisation and functioning of education systems in Europe.  

Trends show that students in Cyprus are deciding against dropping out of school.

Islandwide considerable progress was made, with a 90 per cent participation of students, one year after the end of compulsory education. 

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Archives December 29, 2012 posted by

Tourism recovery on a steady path


MAINLY due to increased Russian arrivals, revenue from tourism, which has been rising all year, is expected to bring close to €2 billion for 2012, a 10 per cent rise on last year, the Cyprus Tourism Organistion (CTO) said yesterday.

Tourism brought in some €1.7 billion in 2011.

CTO chief Alecos Orountiotis said this year would end with a 3.5 per cent increase in arrivals over last year – around 2.5 million visitors in 2012.  In 2011 arrivals rose 10 per cent but prior to that tourism had been falling steadily and in 2009 had seen a 10 per cent drop over 2008. 

Up until November this year, over 470,000 Russian tourists visited the island, far exceeding the CTO’s hopes of attracting some 400,000.

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Archives December 8, 2012 posted by

Free parking

NICOSIA municipality is offering free parking on the weekend of December 15-16, it said yesterday.
All municipal car parks and meters in the capital will operate without charge. According to the municipality, the gesture is an attempt to boost business.
Municipal parking is available at the following spots: D’avilla Moat, Tripolis, Kostantza, Pentadaktylou, Ariadnis, Podokataro, Mykonou, Grivas Dighenis, Costis Palamas and Solonos streets, Phaneromeni underground parking, Ledra Street multi-storey parking,  Ayios Antonios Market, and the Municipal Swimming Pool

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