Little chance of cheaper electricity any time soon MPs told
Electricity prices are not expected to drop anytime soon, lawmakers heard on Thursday. During a parliamentary discussion on ways in which the state could reduce...
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Cyta unions will take measures if privatisation back on the table
By Evie Andreou Two unions representing workers from the semi-state telecoms company Cyta warned of measures on Friday should a cabinet decision for the privatisation of...
Nicosia dustmen protest privatisation
Municipal dustmen from all Nicosia districts gathered on Tuesday with their trucks outside the GSP stadium to protest against outsourcing their service to private companies...
Oil and gas services company suing govt for €150m in port dispute- report
EDT, an oil and gas services company operating out of Limassol port is suing the government for 150 million euros for damages suffered as a...
Our View: Finally a voice speaks up for privatisation
IT COMES as a breath of fresh air to hear a minister, occasionally, singing the praises of privatisation in a country in which the dominant...
Finance minister says cabinet approved new Cyta privatisation bill
Finance minister Harris Georgiades said that the council of ministers has approved a draft bill for the partial privatisation of state-owned telecoms company Cyta, which...
Concerns over public access in wake of beach legislation
Environmentalists have described the new legislation allowing the creation of ‘mini marinas’ that will be leased by the government into private hands as a de...
Opposition refuses request to pay privatisation unit salary
Opposition MPs on Monday rebuffed a government request for funds to cover the salary of the one remaining employee at the Privatisations Unit. The finance...
Bill for privatisation of state lottery tabled to House
The finance ministry has sent to parliament the bill on the privatisation of the state lottery, aiming at transferring operations to a private investor for...
EU finance ministers call for prudent fiscal policy
The EU’s finance ministers on Tuesday adopted recommendations calling on Cyprus to continue its prudent fiscal policy and complete public sector reform. The Ecofin council...
Michaelides questions legality of minister’s involvement in port deal
The auditor-general raised doubts on Thursday whether it was legal for a government minister to take part in preparing the terms of the agreement for...
‘House has no authority to interfere in executive’s power to administer state property’
Two bills passed by parliament last year – on denationalisations and the judiciary – were judged unconstitutional by the Supreme Court, it was announced on...
Greek minister attacks lenders’ push for break-up of main power utility
A Greek minister on Monday accused international lenders of reneging on a 2015 bailout deal by trying to force a fire-sale of its main electricity...
Diko leader’s visit to port a ‘flagrant insult’ to transport minister
Diko leader Nicolas Papadopoulos’ meeting at the Limassol port which included the ports authority officials and the deputy port master was an insult to state...
Calls for minister to resign over port chaos
Opposition parties and unions on Tuesday called for Transport Minister Marios Demetiades to resign over the many problems that have arisen at Limassol port since...
Jobs threatened by increased port container charges
Construction material manufacturer Peletico warned on Monday that 150 employees at the company’s bentonite production unit risked losing their jobs because of the rise in...
Akel moves to scrap state’s privatisation unit
MAIN opposition Akel on Monday unveiled its intention to submit a bill abolishing the Privatisations Unit. The news was announced at the House finance committee,...
Semi-paralysed Limassol port to close on Friday ahead of takeover
Days before three consortiums led by EuroGate and Dubai Ports assume control of the Limassol Port’s operations on Monday, the port remains paralysed with four...
Our View: Overpaid port pilots have no say in hiring of Dutchmen
ON WEDNESDAY the Limassol port pilots went on strike to underline their refusal to train six Dutch colleagues who were to assume their duties when...
EAC unbundling to improve competition, market regulation, EU Commission says
The European Commission said that the effective and efficient separation of the activities of state-owned power producer Electricity Authority of Cyprus (EAC) could allow more...
