Posts by tag: Turkey

Archives March 13, 2012 posted by

End to crippling red tape to ease investment

THE GOVERNMENT plans to turn the Cyprus Investment Promotion Agency (CIPA) into a “one-stop-shop”, with the aim of bypassing bureaucracy and making it easier for foreigners to invest in the island.

President Demetris Christofias yesterday promised the agency’s board of directors that he would promote their proposal to the cabinet within the next couple of weeks.

The meeting was held to see how crippling red tape can be overcome so as to attract more foreign investments to Cyprus.

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Archives March 8, 2012 posted by

Queen Elizabeth kicks off Diamond Jubilee tour

Flag-waving crowds of Britons lined the streets and politicians proffered gushing praise as Queen Elizabeth launched a nationwide tour of her realm on Thursday to celebrate 60 years as monarch.

Elizabeth’s four-month tour will take in England, Wales, Scotland and Northern Ireland, as part of celebrations for her reign which began on February 6, 1952.

The tour was to start in Leicester in central England, where the 85-year-old monarch was to travel by train with her husband Philip and Catherine, the wife of grandson Prince William, for a visit to a university, cathedral and the city centre.

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Archives March 6, 2012 posted by

Protest over changes at Kofinou abattoir

BUTCHERS and drovers yesterday cut off access to the Kofinou abattoir to protest against the management’s decision to lay off 28 employees and alter procedures.

The work stoppage began at 9am for two hours, with strikers refusing to allow anyone entry to the abattoir, to either transport animals for slaughter or to take meat.

“The central Kofinou abattoir has decided to make 28 people redundant,” farmer Andreas Zachariou said. “Following this development, the Abattoir’s management has prepared a new slaughter programme and new prices for the different slaughtered animals, which isn’t convenient, neither for the drovers, the butchers nor the distributors.”

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Archives March 5, 2012 posted by

Cyprus-Israel underwater power cable study underway

Cyprus and Israel yesterday began a feasibility study for the construction of an underwater electric cable between the two countries that would ensure their energy security and offer Israel a channel to export energy to Europe.

The Israel-Cyrpus leg, with an estimated cost of half a billion euros ($660 million), would eventually be part of a much longer cable continuing to Greece and from there to the pan-European electricity grid.

If approved, the EuroAsia Interconnector will stretch 1,000 kilometers (600 miles) in total at a maximum depth of 2,000 meters, making it the most ambitious project ever of its kind, said Nasos Ktorides, chairman of DEH Quantum Energy.

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Archives February 28, 2012 posted by

GD Hotels Ltd has for sale…

G&D Hotels Ltd has for sale large restaurant with basement, and 2-storey complex of 36 apartments opposite Tombs of Kings Archaeological site in Kato Paphos, all new built. Sea view, services, licenses, title deeds. One owner.
www.property-paphos.blogspot.com

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Archives February 21, 2012 posted by

Prisoner offered release in return for Hadjicostis trial testimony

 

THE LAWYER representing one of the defendants in the Andis Hadjicostis murder trial had promised a convicted felon a release from prison if he’d testify for the defence, a CID sergeant told the court yesterday.

CID sergeant Pandelis Iordanou, a witness for the prosecution, made the claim while being cross-examined by the lawyer representing Tasos Krasopoulis, one of four defendants in the case.

Krasopoulis and his sister Elena Skordelli, a former TV show host on Sigma, are considered by police to have masterminded the slaying of Hadjicostis in January 2010.

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Archives February 21, 2012 posted by

BoC takes €1.01 billion hit on Greek debt

 

BANK of Cyprus (BoC), the island’s biggest lender, yesterday posted a €1.01 billion net loss for 2011 after taking provisions for a Greek sovereign debt swap.

BoC said the total impact of its participation in a voluntary swap of Greek government bonds with a 60 per cent impairment, amounted to €1.3 billion for 2011.

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Archives February 18, 2012 posted by

National Council sets two new meetings

THE TWO-day lengthy National Council meetings were concluded yesterday with party leaders agreeing to meet again on March 6 and 7.

During yesterday’s four-hour meeting, the leaderships of the political parties spelled out their stance on last month’s second Greentree meeting and the government’s general handling of the Cyprus problem.

The follow-up meetings in early March will see the parties’ deputies also voicing their outlook on recent developments on the issue.

It is hoped that some deliberation and possibly some brainstorming will also take place on the island’s future actions concerning the long-standing problem.

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Archives February 17, 2012 posted by

Pissarides: eurozone crisis is pulling us apart

IT WAS a day of foreboding and finger-pointing yesterday as economists, business leaders and politicians gathered in Nicosia to discuss the future of the eurozone.

Amid the gloomy predictions of sustained economic woe – and a possibly imminent Greek ‘divorce’ from the eurozone according to one speaker – one voice of hope and optimism rang out. 

In his opening address to the Economist’s conference Cypriot Nobel prize winning economist Christophoros Pissarides praised Greek leaders’ adoption of the vital austerity package last week, which he said showed a core commitment to recovery by political forces and which keeps alive chances of retaining their membership: 

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Archives February 17, 2012 posted by

Turkey-Greece engage in mock dogfights over Cyprus as Israeli PM arrives

GREEK AND Turkish jets tangled in mock dogfights in Cypriot airspace yesterday just as Israeli Prime Minister Benjamin Netanyahu was arriving on the island, reports said.

According to Sigma, around 11am three Greek Mirage-2000 fighters began shadowing two Turkish F-16 jets after the latter flew between Rhodes and Crete on their way from the eastern Mediterranean where Turkish ships were conducting wargames with live ammunition.

The Turkish military exercise, the Foreign Minister said earlier, took place within Cyprus’ Exclusive Economic Zone, in waters south of the island and close to, or inside, Block 12.

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