Ship financing boosting maritime sector, says deputy minister
Ship financing is further developing Cyprus’ already strong maritime sector, Deputy Minister of Shipping Natasa Pilides said on Wednesday. The opportunities are boosted by the...
privatisations
Transport ministry hits back in Limassol port dispute
Claims by the oil and gas services company EDT operating out of Limassol port that they have incurred damages because of omissions by the transport...
Government still working on privatising CSE, Troodos residences
The government is planning to undertake a few more steps towards privatising a number of assets before its term expires in February even after the...
Auditor-general laments Cyta corporate culture (Updated)
(Updates with background and comment in ninth paragraph) By Stelios Orphanides State-telecom Cyta, which escaped privatisation last year, posted two-and-a-half times more profit than it...
Nobel economist says reforms put on backburner
National economy council has not met in two years THE national economy council, an informal body set up amid the maelstrom of the financial meltdown...
Greece says needs to step up privatisations
Greece needs to step up its privatisation programme, deputy finance minister George Chouliarakis said on Wednesday. Privatisations have been a main pillar of the country’s...
Akel wants to abolish ‘waste of money’ privatisation unit
Ruling Disy and main opposition Akel traded barbs on Monday over the former’s intention to rename the Privatisations Unit and the latter’s proposal to...
Georgiades says economy still not out of the woods
Finance minister Harris Georgiades said that Cyprus has a long way to go before overcoming the effects of the fiscal and banking crisis of the...
Akel vows to fight privatisations after Supreme Court debacle
May 2 supreme court decision, which ruled as unconstitutional a law passed by the parliament last year freezing privatisations, lifted possible hurdles for the executive,...
Port strike on hold, but auditor voices privatisation concerns
Limassol port workers decided on Wednesday to give 30 more days to try and resolve a dispute with the general cargo operator over the...
EBRD ready to take part in Cyta privatisation
The European Bank of Reconstruction and Development (EBRD) stands ready to take part in the privatisation of the Cyprus Telecommunications Authority (Cyta), an EBRD official...
Our View: No hope that latest Cyta plan will attract investors
IN ONE way, the persistence shown by finance minister Harris Georgiades in his effort to change the legal status of Cyta is admirable. In another,...
Georgiades scores Eurogroup victory as EU takes back recommendations
Finance minister Harris Georgiades said that the euro area’s finance ministers have accepted Cyprus’s position that the government doesn’t need to take additional fiscal measures,...
Port budget discussion focuses on ‘failure’ of privatisations
The House finance committee on Monday wrapped up the discussion of the 2017 budget for the Cyprus Ports Authority (CPA), amid criticism from opposition MPs...
Port officials called to account over Limassol privatisation
Lawmakers on Wednesday grilled Cyprus Ports Authority (CPA) officials as to the situation at Limassol port after its commercial operations were privatised. MPs posed a...
Little done to reduce private, public debt, reform economy, EU Commission says
Cyprus continues to experience “excessive economic imbalances” after it made limited progress in implementing structural reforms which could have helped address them, the European Commission...
Auditor says minister wrong to drop penalties in port contracts
Auditor general Odysseas Michaelides said that Transport Minister Marios Demetriades largely ignored an advice of the Audit Office to include deterrent penalties and guarantees in...
AKEL considers new privatisation funds vote as Larnaca port deadlock looms
Transport Minister Marios Demetriades warned on Monday that the parliament’s decision to cut funds for consultancy services for privatisations may affect the long-awaited development of...
Finance minister mulls compensating bailed-in depositors with coop shares
Finance minister Harris Georgiades said that the government is considering compensating depositors affected by the bail-in in 2013 with shares in the Cooperative Central Bank....
CyTA’s loss-making Greek arm up for sale
CyTA Hellas, the state telecom’s wholly-owned subsidiary in Greece, has been put on the block for sale. The decision, published in the government gazette, notes...