Government rejects privatisation of Limassol port has failed
The government rejected opposition criticism on Tuesday that privatisation of the port of Limassol had been a failure and unfavourable for the country, forcing companies...
privatisation
Port transit trade drops since privatisation – ports authority
The value of transit trade conducted through the port of Limassol has declined sharply since 2017 when the harbour’s commercial operations were privatised, lawmakers heard...
Unions oppose privatisation of waste management in Paphos
Trade unions have condemned Paphos municipality’s decision to assign waste management to a private company, arguing the town will suffer loss of income and incur...
MPs say they will reject ‘indirect privatisation’ budget for CyTA
Three opposition parties on Monday said they would not approve a budget earmarked for studies on whether CyTA should sell shares and forge partnerships arguing...
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...
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...