Posts tagged with "compensation"

MPs renew call for review of state’s compensation deal with Hermes Cyprus

MPs renew call for review of state’s compensation deal with Hermes

March 14th, 20192726 Lawmakers on Thursday again called for a review of a deal whereby the state compensates Hermes – the operator of the two international airports in the south – for revenues lost to Tymbou (Ercan) airport in the north. During a closed-doors session of the House watchdog committee, MPs heard that year in year out the state...
Ill-treated prison inmate fails to collect compensation Cyprus

Ill-treated prison inmate fails to collect compensation

September 10th, 20181253 Cyprus said on Monday it had taken all necessary steps to pay a former prison inmate the compensation he was awarded by the European Court of Human Rights (ECHR) in April but that he had not yet picked up the cash. The ECHR ruled in April 2016 that the Cyprus government must pay €12,700 in damages to Kone Sehana Seagal, a...
Refugees seek European justice after losing compensation claim Cyprus

Refugees seek European justice after losing compensation claim

July 5th, 20183516 A refugee couple who sued the state for compensation but lost, vowed on Wednesday to take their case all the way to the European Court of Human Rights. Thomas and Eleni Kaoullas, refugees from Famagusta, had filed an action before a district court seeking indemnities for loss of income due to the 1974 invasion and subsequent, ongoing...
Employers censure demands for co-op staff compensation (updated) Cyprus

Employers censure demands for co-op staff compensation (updated)

June 22nd, 20181781 Employers association OEV said Friday it was unacceptable and an insult for co-op bank unions to demand up to €200,000 in compensation for staff who will be made redundant as part of the lender’s acquisition by Hellenic. In a written statement, OEV said any cash paid would come out of the taxpayers’ pockets and it was...
Holiday fraudster caught on video doing ‘Gangam Style’ while 'ill' Cyprus

Holiday fraudster caught on video doing ‘Gangam Style’ while 'ill'

June 10th, 20184397 A British holidaymaker to Cyprus who was granted £6,000 in compensation after claiming he suffered food poisoning at his Protaras hotel was ordered by a UK court to pay the money back to his tour operator after his ex girlfriend produced evidence of him partyting, UK Metro reported. According to the British website, Liam Royale, 23,...
Stricken farmers to receive 50% of compensation immediately Cyprus

Stricken farmers to receive 50% of compensation immediately

June 6th, 20182108 The government will reimburse fruit producers whose crops were destroyed in the recent hail storms, Agriculture Minister Costas Kadis said on Wednesday. The minister said following a Cabinet meeting that the government will reimburse producers at least by 50 per cent of the incurred loss. The compensation will be calculated based...
Industrial accident victims go years without compensation Cyprus

Industrial accident victims go years without compensation

April 25th, 20181796   Many victims of industrial accidents have been left for decades without compensation because their employers were uninsured, chairman of the Association of Insurance Companies said on Wednesday. Andreas Stylianou was speaking at the 40th annual general meeting of the association and slammed “the problematic attitude” of...
North unable to compensate Greek Cypriot owner of ex-Nadir hotel Cyprus

North unable to compensate Greek Cypriot owner of ex-Nadir hotel

April 3rd, 20187206 The north’s immovable property commission (IPC) has agreed to compensate the legal owners of the well-known Jasmine Court Hotel and Casino in Kyrenia to the tune of almost £23m sterling but ‘the state’ does not have the money to pay up, Turkish Cypriot press reported on Tuesday. Under the headline ‘Bargaining for Jasmine’,...
Lactalis offers salmonella compensation, French govt says probe continues World

Lactalis offers salmonella compensation, French govt says probe continues

January 14th, 20181744 By Richard Lough   France welcomed dairy group Lactalis' pledge to compensate victims of a Salmonella contamination in its baby milk on Sunday, but said a judicial investigation to determine who was responsible would continue. Lactalis Chief Executive Emmanuel Besnier told the weekly Journal du Dimanche his family company,...
A 50-year-old fight for compensation Cyprus

A 50-year-old fight for compensation

December 17th, 20175403 By Andria Kades Where the ancient ruins of Amathus lie in Limassol, there stems a land dispute over compensation dating back so long that sons have grown up and taken over the fight from their fathers. Some 300 families were affected when the Amathus area was designated an archaeological site in 1964, head of the property owners...
The banks, not the state, should compensate victims of 2013 Cyprus

The banks, not the state, should compensate victims of 2013

December 3rd, 20174887 WHEN we invest in the stocks of a company, regardless of it size, we should bear in mind that we are exposing ourselves to at least some risk. This risk can be big if for example a company is new and its prospects of viability or profitability are uncertain, or very small if we are talking about a huge company with years of...
Greece to give millions in compensation to flood victims Greece

Greece to give millions in compensation to flood victims

November 20th, 20171766 Greece said on Monday it would offer emergency compensation worth millions of euros to hundreds of households affected by flash flooding west of Athens that killed at least 20 people on Nov. 15. Hundreds of homes and businesses were extensively damaged in the coastal towns of Mandra and Nea Peramos when a torrent of mud and water...
Victim of road accident awarded €500,000 Cyprus

Victim of road accident awarded €500,000

August 10th, 20173295 A 28-year-old man, who lost his right leg and the sight from his right eye in a road accident in January 2017, received €0.5 million as settlement from the insurance company of the man who caused the accident, it emerged on Thursday. According to local daily Alithia, the Limassol man had been riding his motorcycle when a car, driven...
Cabinet approves additional compensation to stricken provident fund members Business

Cabinet approves additional compensation to stricken provident fund members

July 19th, 2017197 Finance Minister Harris Georgiades said Wednesday the council of ministers approved a bill to compensate members of provident funds who lost money in the 2013 banking crisis. The compensation included in the new bill, worth €166m on top of a previous scheme worth €302m, will enable the compensation of provident fund members for up...
Millions in compensation approved for farmers Cyprus

Millions in compensation approved for farmers

April 12th, 20171613 Agriculture Minister Nicos Kouyialis announced on Wednesday that more than €18m was given as compensation to farmers for damage their crops suffered from last year’s extreme weather conditions, and that the cabinet approved a €4.3m budget to boost sheep and goat farmers. Kouyialis said that the procedure as regards the €18.2m...
Cabinet approves compensation to farmers Cyprus

Cabinet approves compensation to farmers

December 12th, 20161145 Cabinet approved on Monday the transfer of €10m from the state budget to the Agriculture Insurance Organisation (OGA) to be given as compensation to farmers whose crops were damaged this year. This money will be used for the second instalment the agency owes to farmers as compensation due to natural disasters and adverse weather...
Bondholders want to know who will compensate them post-solution Cyprus

Bondholders want to know who will compensate them post-solution

October 26th, 20161479 Bondholders who lost their money in the 2013 banking crisis want to know who would be compensating them in the event the island was reunited under a federal roof. The association said on Wednesday it had asked the president for a meeting to discuss the matter. Bondholders want to know who would be footing the bill if they win the...
Bondholders mull fielding their own presidential candidate Cyprus

Bondholders mull fielding their own presidential candidate

September 27th, 20161162 Bondholders who lost money during Cyprus’ banking crisis have said if their issues were not resolved by the current political leadership, they would field their own presidential candidate in 2018. Members of the bondholders association passed a resolution to that effect during their meeting on Sunday, CNA reported on Tuesday. The...
Bondholders say that without dynamic actions 'we will not win our fight' Cyprus

Bondholders say that without dynamic actions 'we will not win our fight'

September 25th, 20161871 Bondholders who lost money during Cyprus’ banking crisis said on Sunday they would step up measures for compensation but called off a mass protest planned outside the finance ministry in Nicosia until President Nicos Anastasiades returns from abroad. The bondholders held a meeting on Sunday in Chlorakas in Paphos. They want to be...
Pensioner calls off hunger strike after Hasikos assurances Cyprus

Pensioner calls off hunger strike after Hasikos assurances

September 20th, 20161610 Demetris Constantinou, 65, a resident of Chlorakas on Tuesday began an indefinite hunger strike outside a Paphos school because he said the government owes him hundreds of thousands of euros for land acquisition and hasn’t paid a cent in 16 years. But some four hours later, at around 10am he called it off after Interior Minister...
Our View: Compensation blunder shows immoral attitude of Legal Service Opinion

Our View: Compensation blunder shows immoral attitude of Legal Service

July 28th, 20161650 THE Attorney-general’s office, justifiably has come under merciless criticism from the media for its decision to appeal against the level of compensation awarded by a court to the family of fireman Vassilis Krokos, who perished in the Mari explosion. In the proceedings, the State accepted full responsibility for the death of the 13 men...
Court awards compensation to families of Mari victims Cyprus

Court awards compensation to families of Mari victims

May 20th, 20162193 The family of fire sergeant Andreas Papadopoulos who was killed in the 2011 Mari Naval blast which killed 13 people will be given €628,000 in compensation in addition to €380,000 the family already received, a Larnaca court has ruled. The court also decided on compensation for the relatives of firefighter Panayiotis Theofilos and...
Bondholders gather support for compensation scheme ahead of elections Cyprus

Bondholders gather support for compensation scheme ahead of elections

May 16th, 2016203 A group representing investors who lost money in Cyprus’s banking crisis when the value of their bank bonds was wiped out, asked its members to vote on Sunday’s elections according to what their conscious dictates after gathering support from political parties for a compensation scheme, the Cyprus News Agency reported on Monday...
Overcharged consumers should be compensated, watchdog says Cyprus

Overcharged consumers should be compensated, watchdog says

April 22nd, 20161472 The consumer association proposed compensating consumers who paid higher charges that went to kickbacks by reducing the rates they pay for rubbish collection and sewerage. In a written statement on Friday, the association said consumers continued to pay the same rates for the services, despite revelations that they were being...
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