Posts by tag: Turkish Cypriot

Archives April 25, 2013 posted by

Push to boost tourism from Holland

OFFICIALs from the Cyprus Tourism Organisation (CTO) met with the heads of the Dutch Association of Travel Agents along with journalists from the country’s three biggest newspapers yesterday in an attempt to attract tourists from Holland.

Speaking after the meeting, head of the CTO Alecos Oroundiotis said that the meeting took place as the organisation is making attempts to reverse the negative image the island is suffering from in light of recent  economic developments. 

He added that both sides took part in a very constructive meeting regarding the arrival of Dutch tourists and promoting Cyprus in the Dutch tourist market.

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Archives April 17, 2013 posted by

EU funds to come earlier for Cyprus

THE GOVERNMENT yesterday welcomed the European Commission’s expression of solidarity with Cyprus and willingness to bring forward payments to Cyprus from the 2014-2020 EU budget to help it access much-needed funds in the immediate future. 

In response to a letter sent by President Nicos Anastasiades on April 9 requesting help to overcome the current crisis, European Commission President Jose Manuel Barroso proposed “frontloading” payments to Cyprus from the EU budget so that allocations for the next seven years are paid early to give the battered economy a boost.

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Archives November 9, 2012 posted by

House passes law on bank bond guarantee

PARLIAMENT last night passed a law allowing the state to guarantee bank bonds and new loans, in a move designed to provide credit to the struggling economy.
It comes two days after the scheme was cleared by the European Commission, which found the plan proposed by Nicosia was in line with EU state aid rules.
The purpose of the state guarantee scheme is to facilitate the access of eligible credit institutions to medium-term funding. It is part of efforts to stabilise the local financial sector up to the end of the year.
State guarantees will be provided for a period no less than three months and no greater than five years, under bilateral agreements between the government and credit institutions.

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Archives October 3, 2012 posted by

Millions lost to red tape

BUSINESSES lose around €700 million a year due to red tape, according to a survey by KPMG which was presented to the House commerce committee yesterday.

“It was recorded today that the cost alone for businesses due to bureaucracy in the public service is around €700 million a year,” said committee chairman, DISY’s Lefteris Christoforou, after the meeting, “If this cost was saved – or even part of it – we would certainly have a healthier economy, healthier small and medium-sized enterprises and a smaller public sector, with higher efficiency.”

Christoforou said it was time to abolish red tape, especially while the country is negotiating with EU lenders the troika for a state bailout.

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Archives August 19, 2012 posted by

Christofias policy a threat to services sector in Cyprus

AS A DIRECT result of the vision and initiative of the accountancy and legal profession, and the continuing support of past governments, the Cyprus international business services sector has experienced rapid growth during the past 20 years, firmly establishing the island as a viable and credible financial centre and direct foreign investment jurisdiction.

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Archives August 18, 2012 posted by

DISY-DIKO alliance moving closer

MAIN OPPOSITION party DISY aims to take a big stride forward today in sealing collaboration for next year’s presidential elections with smaller, yet historic ‘kingmaker’ DIKO. 

DISY leader and presidential candidate Nicos Anastasiades will meet DIKO leader Marios Garoyian this morning at DISY headquarters to iron out any differences between the two parties mainly regarding their positions on the Cyprus problem. 

According to press reports, both sides are keen to seal a deal for collaboration in next February’s elections, opening the door for further support from other minority opposition parties EVROKO and the Greens. 

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Archives August 11, 2012 posted by

Unsettled weather as weekend draws to close

THE WEATHER will become unsettled as the weekend draws to a close with some rain, possible storms and a reduction in temperatures, according to the met office.

“On Sunday, Monday and Tuesday the weather will be mainly fine but there will be clouds in the afternoons which might bring with them rain and isolated storms on the coast and in the mountains,” said meteorological officer Marios Theofilou.

According to Theofilou, temperatures will also drop slightly. He also said that this type of weather – storms during the summer months – is more characteristic to tropical climates.

Temperatures today will be 38C inland, 33C-37C on the coast and 23C in the mountains. Tomorrow they will drop slightly to 37C inland, 32C-36C on the coast and 23C in the mountains.

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Archives August 7, 2012 posted by

More people visit Paphos’ tourism website

THE NUMBER of users visiting the official Paphos tourist website has sharply increased according to the regional board of tourism.

They said that according to the latest statistics-in the six month period from January-June there were 100,000 new visitors to and 450,000 page views.

The tourism board added that users looked at 4.5 pages on average and spent about 2.5 minutes on the site.

According to the official analysis of the data collected regarding visitors profiles, the main countries of origin of the users for this period were the UK, Germany, Holland, Italy, Sweden, Norway, Poland, Lebanon and Cyprus. The most popular days for browsing were Monday, Friday, Saturday and Sunday.

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Archives July 5, 2012 posted by

Thalassaemia drugs in short supply

THALASSAEMIA patients are forced to pick up drugs for their treatment on a daily basis because the state pharmacies are in short supply, said the Pancyprian Thalassaemia Association (PTA) yesterday. 

The association called on the state to take immediate steps to ensure thalassaemia patients receive the necessary treatment, noting that the current situation was causing “unprecedented disruption” to their lives while putting their health at risk.  

According to the association, the state has been unable to meet patients’ needs due to depleted stocks of Exjade (deferasirox), a once-daily treatment for chronic iron overload due to blood transfusions. 

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Archives June 28, 2012 posted by

State willing to extend airport deal

THE GOVERNMENT is prepared to extend the Chinese investment deal for the old Larnaca airport by 31 years but only under certain conditions, according to Communications Minister Efthymios Flourentzos.

“We have taken the decision in the cabinet for concessions for another 31 years as long as certain conditions are fulfilled,” said Flourentzos yesterday.

A deal was first reached between Chinese firm Far Eastern Phoenix Ltd and Hermes a year and a half ago for a 19-year period, when the latter’s concession agreement on the old airport expires. The Chinese company sought to extend that deal for a further 31 years to justify the large investment.  

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