Ministry issues dust warning

Posted On Aug 9 2019 by

first_imgIncreased levels of dust are expected to remain in the atmosphere island wide until Thursday evening, and the labour inspection department has advised the public and particularly vulnerable groups to stay indoors whenever they can.Employers are asked to take appropriate measures and assess the risks for employees working outside.A weak low pressure system currently affecting the region is the reason for cloudy weather and the possibility of local showers on Wednesday.Daytime temperatures will reach 18C to 20C inland, 21C in coastal areas and 12C in the higher mountains and will drop to 11C inland, 12C at the coast and 4C in the mountains at night.On Thursday the forecast is mostly sunny with local showers and isolated thunderstorms in the evening.Dust levels are likely to be back to normal on Friday when temperatures will fall slightly. Saturday will be sunny and warm.You May LikeHeart Failure Treatment | Search AdsThe Early Signs Of Heart Failure. Search Acute Heart Failure TreatmentHeart Failure Treatment | Search AdsUndoSenior Living | Search AdsThe Cost of Senior Living in Rowland Heights Might Surprise YouSenior Living | Search AdsUndoClassmates.comLook For Any High School Yearbook, It’s FreeClassmates.comUndo Concern over falling tourism numbersUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoThe Deniz boat incident showed clearly the intentions of the Turkish sideUndoby Taboolaby Taboolalast_img read more


Anastasiades departing on state visit to India on Monday

Posted On Aug 9 2019 by

first_imgPresident Nicos Anastasiades leaves on Monday evening for India on a four-day state visit, heading a delegation of officials and businesspeople.Anastasiades, who will be accompanied by the ministers of finance, energy, transport, agriculture, and the government spokesman, will arrive in Mumba on the morning of 25 April.There he will meet with the Governor of Maharashtra state and visit the Business Stock Exchange in the city.Anastasiades will also be given a guided tour of Bollywood studios in Mumbai. Bollywoodhas recently shown an interest in Cyprus asa film location, and the government plans to offer incentives to producers.On Tuesday, Anastasiades will pay tribute to the victims of the terrorist attack of November 2008 in Mumbai.Later on he will attend a business forum organised by the business associations of Cyprus and Mumbai at which he will be the keynote speaker.In the evening Anastasiades will depart for New Delhi where on April 27 he will visit the site of Mahatma Gandhi’s assassination (Gandhi Smriti) and pay tribute.He will then attend the business forum organised by the business associations of Cyprus and New Delhi.On the afternoon of April 27, Anastasiades will be the keynote speaker at an event organised by the Observer Research Foundation (ORF) think tank on “The EU-India Strategic Partnership in the 21st Century; A Cyprus Perspective. ”On April 28, he will visit the Presidential Palace where he will be officially welcomed by the President of India, and later on he will visit the Gandhi Mausoleum.Later on at the same day, the president will meet with Indian Foreign Minister Sushma Swaraj.Afterward he will meet Prime Minister Narendra Modi.The Cypriot delegation will later attend a working lunch hosted by Modi and afterwards bilateral agreements between the two countries will be signed.In the evening, Anastasiades will attend an official state dinner hosted in his honour by the President of India Pranab Mukherjee.Anastasiades will leave New Delhi for Brussels early in the morning of April 29, while the members of the Cypriot delegation will depart also early in the morningYou May LikeFigLeaf Beta AppGet Maximum Privacy with Minimum EffortFigLeaf Beta AppUndoTruthFinder People Search SubscriptionOne Thing All Liars Have in Common, Brace YourselfTruthFinder People Search SubscriptionUndoTotal Battle – Online Strategy GameIf You’re PC User This Strategy Game Is A Must-Have!Total Battle – Online Strategy GameUndo Concern over falling tourism numbersUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoTwo arrested in connection with attempted murderUndoby Taboolaby Taboolalast_img read more


Cablenet says service fully restored after attack

Posted On Aug 9 2019 by

first_imgInternet and telephony provider Cablenet said Friday they have fully restored their services following the disruption caused by an outside attack.In a written statement signed by CEO Nicolas Shiacolas, the company apologised for the inconvenience to subscribers, stressing that “at no time was there any security breach or any data compromised in any way.”Cablenet said they had experienced a so-called distributed denial of service or DDOS incident, which is an externally initiated overflow of traffic towards network that causes disruption and subsequent downtime.“These are events that many Telecom providers have been increasingly facing. This is the first time we have experienced such an event on such scale,” the company said.According to the statement, Cablenet techs worked around the clock together with their international partners to fully restore services.“We went one step further and have added automatic proactive protection to our network to mitigate any future occurrences of a similar nature. These systems now protect both our own network, as well as, all of our subscribers.”The company had been severely criticised by subscribers over the incident, which disrupted services for around a week on and off.“We truly take the quality of our services and the customer service we deliver very seriously and we are committed to offering the best to our subscribers. We appreciate their patience and understanding on this matter. Over the past 10 years Cablenet has not suffered any major downtime of its services.”In light of the attack, the company said it was expediting the upgrades of its entire core network, a process that was already under way, with next generation hardware.“We will also augment further to the proactive protection measures that we have already taken with our international partners.”“I would like to personally reassure you that, all of us at Cablenet, as always, will be close to our subscribers, both now and in the future.”You May LikeClassmates.comLook For Any High School Yearbook, It’s FreeClassmates.comUndoFigLeaf Beta AppHow to Become Fully Anonymous Online in Less Than 3 Minutes? Better safe than sorryFigLeaf Beta AppUndoTruthFinder People Search SubscriptionOne Thing All Liars Have in Common, Brace YourselfTruthFinder People Search SubscriptionUndo Concern over falling tourism numbersUndoAuthorities release five of 12 Israeli rape suspects, seven due in court FridayUndoPensioner dies after crash on Paphos-Polis roadUndoby Taboolaby Taboolalast_img read more


Moodys sees 33 growth rate in Q1 as credit positive

Posted On Aug 9 2019 by

first_imgMoody’s Investors Service said that the 3.3 per cent annual growth rate of the first quarter announced last Tuesday is a credit positive for Cypriot banks, as it strengthens borrowers’ capacity to repay restructured distressed debt.“Additionally, the growth will support real estate collateral values on which Cypriot banks rely heavily for most lending, and increase new lending opportunities that will support banks’ declining net interest income,” the rating company said on Monday, citing a report prepared by its Limassol-based analyst Melina Skouridou.Moody’s, which in 2015 assigned Cyprus a sovereign credit rating of B1, four notches below investment level, said that the accelerated economic activity is expected to help improve companies’ cash flows and improve labour market conditions.The overall non-performing loans ratio in the banking system stood in January at 47 per cent according to the latest central bank figures. In both corporate and household non-performing loans, the figure stood at 56 per cent. The unemployment rate dropped last year — when the economy expanded 2.8 per cent — to 13 per cent from 14.9 per cent in 2015, after peaking at 16.1 per cent the year before. The finance ministry said in April that the jobless rate is expected to further drop to 11.5 per cent this year with the economy expected to grow 2.9 per cent.“Ultimately, the higher growth will enhance borrowers’ debt affordability and repayment capacity, facilitating loan restructurings, particularly in the small and midsize enterprise sector, which is more vulnerable to economic changes and benefits from an economic recovery, albeit with a lag,” Moody’s said, adding that the company expects the Cypriot banks’ asset quality to further improve.The non-performing loans of Bank of Cyprus stood at €11bn or 54.8 per cent in December. Those of Hellenic Bank were €2.3bn or 56.6 per cent at the end of the year, while that of the Cooperative Central Bank stood at 59.8 per cent or €7.4bn in September.“Cypriot banks will also benefit from stronger real estate prices, which will buttress collateral values, containing the need for additional provisions on existing non-performing loans,” Moody’s said. It added that the Bank of Cyprus will benefit the most from real estate price recovery as it has the “largest direct exposure” to real estate.You May LikeClassmates.comLook For Any High School Yearbook, It’s FreeClassmates.comUndoFigLeaf Beta AppHow to Become Fully Anonymous Online in Less Than 3 Minutes? Better safe than sorryFigLeaf Beta AppUndoTruthFinder People Search SubscriptionOne Thing All Liars Have in Common, Brace YourselfTruthFinder People Search SubscriptionUndo Concern over falling tourism numbersUndoAuthorities release five of 12 Israeli rape suspects, seven due in court FridayUndoPensioner dies after crash on Paphos-Polis roadUndoby Taboolaby Taboolalast_img read more


Temperatures to rise to 40C

Posted On Aug 9 2019 by

first_imgHigh temperatures, particularly inland, will prevail until Thursday, the met office said on Monday.On Monday temperatures will rise to 40C in the Nicosia region, and they will be at the same level for the next three days after which a small drop is expected.Due to the high temperatures, the health ministry has issued a warning, asking people to avoid unnecessary exercise and telling them to stay out of the sun whenever possible.They should also avoid drinking alcohol and eating heavy foods and drink lots of water instead.Vulnerable groups such as infants and the elderly are especially affected.During the next few days, around the southern and northern coast the maximum is forecast to be 34C and at other coastal areas 32C, while in the higher mountains it will be up to 31C.At night temperatures will fall to 24C inland, 22C at the coast and 20C in the mountains.You May LikeConsultantThe Tickets You’ve Been Looking For | No Hidden Fees Or Surprise | TicketsFeeFree.comConsultantUndoghbuzz7 Drinks to Clean Your Liver Naturally – HealthyWaysghbuzzUndoFigLeaf Beta AppHow to Become Fully Anonymous Online in Less Than 3 Minutes?FigLeaf Beta AppUndo Pensioner dies after crash on Paphos-Polis roadUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoRemand for pair in alleged property fraud (Updated)Undoby Taboolaby Taboolalast_img read more


Seabed cleanup in Limassol

Posted On Aug 9 2019 by

first_imgThe association of divers in Cyprus on Sunday organised a seabed clean-up in Limassol, east of the port.Similar clean-ups have already taken place in Paralimni, Larnaca and Ayios Athanasios.Limassol Mayor Nicos Nicolaides who attended Sunday’s event said it was important work.“The responsibility to keep our seas clean is collective, from the part of citizens, municipalities and organised groups,” he said.Head of the divers’ association  Savvas Minas said bottles, plastics and various other rubbish was brought to the surface during the event.You May LikeFigLeaf Beta AppHow to Become Fully Anonymous Online in Less Than 3 Minutes? Better safe than sorryFigLeaf Beta AppUndoYahoo SearchResearch Compact SUVs. New SUVs May Make You Want To Trade Yours In Today – See For Yourself!Yahoo SearchUndoGundry MD PrebioThrive Probiotic SupplementTop Cardiologist: Throw Out All Your Gluten Now (Here’s Why)Gundry MD PrebioThrive Probiotic SupplementUndo Pensioner dies after crash on Paphos-Polis roadUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoRemand for pair in alleged property fraud (Updated)Undoby Taboolaby Taboolalast_img read more


Ballot boxes received for election

Posted On Aug 9 2019 by

first_imgSupervising wardens received the ballot boxes to be used in Sunday’s presidential election on Friday.More than 550,000 registered voters are expected to participate on Sunday in the election.Assuming no candidate gets more than 50 per cent of the vote, a second round will be held on Sunday February 4.You May LikePopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoSecurity SaversWindows Users Advised To Do This TodaySecurity SaversUndoKelley Blue Book10 Electric Cars That Last the LongestKelley Blue BookUndo Turkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoConcern over falling tourism numbersUndoPensioner dies after crash on Paphos-Polis roadUndoby Taboolaby Taboolalast_img read more


Teenage motorcyclist dies in traffic accident

Posted On Aug 9 2019 by

first_imgAn 18-year-old motorcyclist, Plamen Petrov from Bulgaria, was killed in a road accident in Limassol shortly after midnight on Friday.The victim was turning into Vasileos Georgiou street from Ayios Filaxeos street when his bike was hit by a car driven by a 44-year-old man who was travelling in the opposite direction.According to traffic police officer Michalis Michael, he hit a metal pole on the pavement when he fell down.“Preliminary examinations have found the young rider did not wear a protective helmet,” he said.The young man was taken to Limassol general hospital where he was pronounced dead.The driver was arrested to facilitate investigations as the circumstances of the accident are not yet known.Police urged all motorcyclists to wear helmets as it is likely the 18-year-old would be alive if he wore his.You May LikeMeasure A Shipping BoxThe Real Way To Find The Perfect Shipping Box SizeMeasure A Shipping BoxUndoSportsChewTop 21 NBA Teammates That Never Won A ChampionshipSportsChewUndoFlexSafeThieves Can’t Steal Your Stuff If You Use ThisFlexSafeUndo Morphou bishop now claims gay men have a ‘nasty smell’UndoGreek Prime Minister in Cyprus for official visitUndoNew York state decriminalizes pot, stops short of Cuomo’s legalisation callUndoby Taboolaby Taboolalast_img read more


Paphos to host beach water polo tournament

Posted On Aug 9 2019 by

first_imgPaphos’ second annual beach water polo tournament will take place later this week with 25 International teams taking part.Organised by Cyprus Athletic Tourism- an independent company- with the support of Paphos Municipality, the Beach Water Polo International Tour 2018 will be held from July 13–15.Around 150 athletes from Cyprus, Greece, Israel and Hungary are expected to participate this year.“The teams will pass through a group stage process and then the best two teams of each group will proceed to a knockout stage,” Cyprus Athletic Tourism said in a statement.A spokeswoman for Paphos municipality said the body is offering support to the event as promoting Paphos as a sports destination is a matter of priority.“Paphos is fast gaining an international reputation as a quality sports destination with all sorts of events such as the triathlon, marathon, swimming, cycling and other events.”She added that the aim is to slowly enable and encourage this event to expand each year and establish it on an international level.Cyprus Athletic Tourism said that the ultimate aim of the event is to promote water polo and tempt as many children as possible into the water for exercise.“This year’s programme will also include two additional mini tournaments, one for children up to the age of eleven, and another for children up to thirteen years of age.”Two girls will also give a synchronized swimming display at the opening and closing of the event.The tournament was successfully organised in July last year, when 18 teams and 110 athletes participated, said the spokeswoman.Cyprus Athletic Tourism is an independent company which provides sport related services for individuals and sport teams. It organises training camps and tournaments for water polo, swimming, cycling, triathlon, football and basketball.      You May LikeFood Eat Safe9 Foods to Avoid With ArthritisFood Eat SafeUndoHistory By DayWhat To Watch Tonight? Netflix Best ShowsHistory By DayUndoHealthy Ways7 Drinks to Clean Your Liver Naturally – HealthyWaysHealthy WaysUndo Cyprus’ Dothraki warriorUndoModi versus Wild: Indian PM to join Bear Grylls in wildernessUndoProtest outside the House over foreclosures lawUndoby Taboolaby Taboolalast_img read more


A leap towards banking stability but challenges remain

Posted On Aug 9 2019 by

first_imgThe summer of 2018 has brought cataclysmic changes to the Cypriot banking system.They ended the operation of the Co-op and compelled the parliament to finally act, paving the way for a massive reduction in non-performing loans in the system, which is massive progress towards financial stability.The acquisition of the Cyprus Co-operative Bank by Hellenic Bank, the transfer of the residual assets to a government-owned subsidiary asset management company (AMC), the sale of a large amount of non-performing loans by the Bank of Cyprus and the modernisation of legislation to tackle strategic default, have — for the second time in five years – reshaped the banking system.Yet, both the troubles within the banking system and the economy are far from over as they will continue to face challenges policymakers should not underestimate, two University of Cyprus academics have told the Sunday Mail.“Removing delinquent loans from the other side of the balance sheet by transferring them to a more patient entity, can help reduce the risk and stabilise the banking system,” said economist Marios Zachariadis.But while the removal of delinquent loans out of the “impatient” banking system is a positive development, they do not entirely disappear and “remain in the economic system”, he added.For instance, those bad loans remaining with the legacy Co-op could, depending on how they are managed, potentially affect public debt, which in July peaked, mainly as a result of the government’s efforts to complete the deal with Hellenic Bank to €21.6bn, roughly 107 per cent of economic output, he said. This in turn, could also have an impact on banks, especially those holding government bonds, he added.For borrowers “not paying back their loans to the bank, it is less likely that they will do so with an AMC,” Zachariadis said. “So, unless we handle this non-performing loans’ management body very efficiently, the problem of non-repayment of loans increases. It may even create expectations that decrease repayment of loans within the banking system.”Zachariades added that the consolidation in the banking system that ultimately led to an oligopoly, with Bank of Cyprus and Hellenic practically controlling seven tenths of the market, may not necessarily lead to less competition.“There is some concern related to the market position of these two major banks, which is something that Cyprus is accustomed to, and the competition watchdog should monitor them closely,” he said. “But this is a contingent secondary problem.”His colleague, financial economist Andreas Milidonis, said that the two largest banks will continue to face challenges in the future, some will be general, often a result of government policies. Others are bank specific.Hellenic Bank, for instance, which has become the second-largest bank on the island after absorbing the Co-op’s healthy operations which tripled its balance sheet’s size, will see its non-performing loans reduced to around a quarter of the total, “which is a step in the right direction”, he said.Still, the largest challenge Hellenic Bank, which together with the Co-op’s operations agreed to employ up to 1,100 of its staffers, faces is merging different organisational corporate cultures into one, he said.Indications about the difficulties in successfully completing a merger can be found in testimonies given in recent weeks by Co-op officials to the committee investigating the failure of the state-owned Cyprus Co-operative Bank — itself the product of a merger of 18 co-operatives last year. A number of witnesses also referred to a deficit in skills amid its workers plus the lack of sophistication of its procedures, which may further highlight the risks facing Hellenic.The Bank of Cyprus, on the other hand, is expected to reduce its non-performing loans ratio to 26 per cent by 2020, Milidonis said.Last week the bank got a thumbs-up in the form of an upgrade from Standards & Poor’s – which cited the sale of non-performing loans at a price close to their book value after provisions and the lender’s intention to further boost its capital with the issue of a €220m security, even with a coupon price of 12.5 per cent.“But even after the important steps the bank has made, it has still a long way to get close to the European Union target of a non-performing loans ratio of 5 per cent or below,” he said.On the other hand, RCB Bank, which also had its rating upgraded last week by Standard & Poor’s, enjoys a strong capitalisation which combined to its good asset quality and profitability, makes it stand out compared to the two other systemic banks.Another risk, Cypriot banks may be facing may result from Estia, the government scheme designed to help banks collect from non-paying borrowers, he said.“It was presented as scheme to help cover the needs of vulnerable groups and not only,” Milidonis said. “Nothing has changed in it since it was announced, but it has to change as 44 per cent of the programme will cover social groups that cannot be considered that vulnerable. Borrowers with sufficient income and assets could repay their loans by changing their way of life.”Therefore, while Estia is likely to help make delinquent loans performing in the short term, it is also likely to “become the source of moral hazard that will generate and adverse long-term impact”, the financial economist said.Milidonis also warned about the impact of the government’s Golden Visa scheme, which allows foreigners investing as little as €2m in mainly real estate to acquire Cypriot citizenship.While the scheme was able five years ago of helping to jump start the economy when it plunged into a deep recession caused by a twin fiscal and banking crisis, “now it has to be reduced or changed significantly,” he said.  “The government has to launch initiatives with a longer-term impact on the economy. We have indeed suffered a blow in our credibility following all these reports in the press or those prepared by government agencies, especially in the US.”His references may apply to the content of a US Treasury report dated August 6. The document described Cyprus as a “jurisdiction of concern” which is at “elevated” risk level of laundering illicit Russian funds. The Cypriot “permissive citizenship by investment programme” combined with its weak regulatory and supervisory framework, is “exploited by illicit actors” to set up front companies and access the global financial system, according to the US Treasury.“Restoring credibility takes longer than to destroy it,” Milidonis said. “Trust arrives on foot but leaves on horseback. We need important steps to regain the confidence of the markets and governments which directly or indirectly influence global markets.”He said that it was an encouraging sign that the island’s banks and policymakers are beginning to react positively to EU directives and guidelines, and they should continue to be ready to adjust to new situations.“Let’s keep in mind that our banking system undergoes changes every few months and it is hard to forecast what regulators decide that will force banks to take additional measures,” Milidonis added. You May LikeBirch Gold GroupThe IRS Tax Law that’s Sweeping the U.S.Birch Gold GroupUndoList Nebula8 Cutest Exotic Dog Breeds From Around The WorldList NebulaUndoHealth & Human Research7 Super Foods For OsteoporosisHealth & Human ResearchUndo New equipment for Paphos lifeguards but ‘proper’ towers neededUndoLED-lighting the way by 2020UndoFresh case of Blue Nile virus in northUndoby Taboolaby Taboolalast_img read more


Cabinet approves mechanism for decrees facilitating privatisations

Posted On Aug 9 2019 by

first_imgThe Cabinet on Wednesday approved a mechanism to issue executive decrees relating to the privatisation of semi-government organisations (SGOs), on the basis of a road map approved in December 2013.Organisations to be privatised and fall within the remit of responsibility of the ministry of finance are; the Cyprus Telecommunications Authority (Cyta), the Cyprus Stock Exchange (CySE) and Cyprus Forest Industries, an official statement from the Cabinet said.It is further added that the Electricity Authority of Cyprus (EAC), the Cyprus State Fair Authority and the Pancyprian Company of Bakers falls within the remit of responsibility of the ministry of energy, commerce, industry and tourism.At the same time it noted that that “the method, extent and process of these organisations’ privatization would be determined at a later stage”.The approval of a privatisation plan is a condition included in a Memorandum of Understanding (MoU) Cyprus signed with its international lenders in order to receive a bailout in late March 2013.On December 5, 2013 the Cabinet had approved privatisation road map aiming at securing €1.4 billion from the sell-off. The detailed programme provides for the privatisation of Cyta and the Cyprus Port Authority by the end of 2015 and the selling of the Electricity Authority by September 2017, as well as divestment in four other organisations.Workers unions are fiercely opposed to the plan. (CNA)    You May LikeLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoPopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoGundry MD PrebioThrive Probiotic SupplementCardiologist: This Is What Happens To Your Body When You Eat GlutenGundry MD PrebioThrive Probiotic SupplementUndo Pensioner dies after crash on Paphos-Polis roadUndoCruise passenger airlifted to Paphos hospitalUndoRemand for pair in alleged property fraud (Updated)Undoby Taboolaby Taboolalast_img read more


Longrunning shop opening saga back before MPs

Posted On Aug 9 2019 by

first_imgA joint Diko-Green bill to return to the labour minister the power to issue decrees regulating shops’ opening hours was discussed by the House finance committee on Monday.In 2015 parliament removed that power from the labour minister, after the minister had issued a decree which designated virtually the entire island as a tourist zone – meaning no fixed opening hours.Parties at the time said the minister’s action resulted in exploiting employees, particularly those in small and medium-sized businesses, who would have to work longer hours. It was also argued that liberalising shop hours also gave bigger operations – such as malls – an unfair advantage because these businesses can afford to rotate staff while smaller outfits cannot.However since 2015 the matter has not been definitively resolved, as the government has yet to bring ordinances regulating shop hours.Although returning to the labour minister the authority to decide shop hours via decree, is an admission that it was wrong to have stripped her of that authority in the first place, the Greens’ vice-chairman Efi Xanthou said that this time they wanted to get it right.In tandem with bringing back the ministerial decree, she explained, parliament would pass legislation safeguarding shop workers’ rights, such as regulating overtime pay and specifying the minimum required number of work-hours per week. You May LikePlarium I Vikings: Free Online GamePlay this for 1 minute and see why everyone is addictedPlarium I Vikings: Free Online GameUndoPopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoYahoo SearchYou’ve Never Seen Luxury Like This On A Cruise Ship. Search Luxury Mediterranean CruisesYahoo SearchUndo Pensioner dies after crash on Paphos-Polis roadUndoCruise passenger airlifted to Paphos hospitalUndoRemand for pair in alleged property fraud (Updated)Undoby Taboolaby Taboolalast_img read more


Inflation down but food prices rise

Posted On Aug 9 2019 by

first_imgHarmonised inflation was down 0.7 per cent in January year-on-year on lower energy costs but the price food and non-alcoholic beverages was up 2.8 per cent on the previous year, statistical services figures revealed.Also up was the price of alcohol and tobacco by 3.7 per cent, clothing and footwear 1 per cent, health 0.2 per cent, communication 1.3 per cent, and restaurants and hotels 1.6 per cent. Goods and services that had dropped in price included housing water electricity and gas by 3.6 per cent, furnishings 0.5 per cent, transport 8.5 per cent and education 1.6 per cent.Last month consumer groups said businesses were showing complete disrespect and contempt for consumers by not lowering their prices in line with an approximate 20 per cent fall in the cost of fuel since last year.The head of the Consumers Association Fryni Michael, in a letter to the Cyprus Chamber of Commerce and Industry (KEVE), the Employers and Industrialists Federation (OEB), and the small shopkeepers association (POVEK), she  called on them to pressure their members to drop their prices.In her letter, Michael said the price of basic consumer goods as well as other products and services in Cyprus remained at the same levels as June 2014, despite plunging global oil prices and a fall in the prices of consumer goods in other EU countries.Michael said absence of a knock-on effect on consumer prices showed lack of respect, and contempt by businesses towards consumers. “Despite the fact that fuel and electricity prices have been reduced which are important elements of operating costs of many businesses, prices of products and services in Cyprus were not reduced,” Michael said in her letter.   You May LikeLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoPopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoKelley Blue BookYou Won’t Believe How Affordable These Ford Car Models AreKelley Blue BookUndo Pensioner dies after crash on Paphos-Polis roadUndoCruise passenger airlifted to Paphos hospitalUndoRemand for pair in alleged property fraud (Updated)Undoby Taboolaby Taboolalast_img read more


Memorial service for Filipino victims of serial killer

Posted On Aug 9 2019 by

first_imgA memorial service for the four Filipino victims of the self-confessed serial killer will be held on Saturday afternoon at the Russian church of Andrew the Apostle and all Saints in Episkopeio, in the Nicosia district.According to chairperson of the Federation of Filipino Organisations of Cyprus, Ester Beatty, the Bishop of Tamasos Isaias offered to carry out the memorial because the village of Mitsero where most of the bodies of the victims were found, is under the Bishopric of Tamasos and Orini.Father Barnabas Chrysanthou, the first ever Christian Orthodox clergyman of Greek Cypriot and Filipino extraction will also participate in the service. Father Barnabas serves as a priest at the Tamasos Bishopric.The memorial for Maricar Valdez Arquiola, Marry Rose Tiburcio and her six-year-old daughter Sierra Graze Seucalliuc and Ariane Palanas Lozano will take place at 6.30pm.The Bishopric will provide free bus transfers to the church in Episkopeio.From Nicosia, buses will depart from outside the Nicosia Field Club located on Egypt street at 5.30 pm sharp. For bus seat reservations may call Gilda at 97 654649.Those interested in attending from Limassol and Larnaca and would like to use the free bus service must contact promptly Marleia at 97 677928 for Limassol and Rose at 96 305438 for Larnaca to reserve a seat.You May LikePopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoModernizeIf Your Home Has Old Roofing, Read ThisModernizeUndo Concern over falling tourism numbersUndoPensioner dies after crash on Paphos-Polis roadUndoCypriot tycoon launches ‘Bank of Cannabis’Undoby Taboolaby Taboolalast_img read more


New strategies to promote Cyprus investment

Posted On Aug 9 2019 by

first_imgTargeted internet marketing, electronic government and its new digital strategy are at the forefront of the Cyprus Investment Promotion Agency (Cipa) plans to promote Cyprus as an investment centre over the next three years, its general director announced on Wednesday.At a press conference on Wednesday, Cipa’s general director Natasa Pyllidou outlined the agency’s plans until 2020 and presented the new ‘invest Cyprus’ logo as part of its efforts to make Cyprus more visible and interesting to investors.“There has been an impressive recovery of the Cypriot economy which created the need to redefine priorities and redesign the strategy to optimise the opportunities that emerge,” she said.She conceded that it would take time for Cyprus to turn around its image which was tarnished due to the economic problems in the recent past, but said there was renewed interest by investors, both by those based in Cyprus in the past and new ones from abroad.One of Cipa’s goals is also to turn Brexit into an advantage for Cyprus. Others are to further the development of sectors such as innovation, investment funds, the audiovisual industry and education.Brexit has created an instability in the EU and in the wider region of the Eastern Mediterranean, and the stable environment of Cyprus has the possibility of attracting investors using modern internet marketing and electronic government, Pyllidou explained.The director referred to the agency’s new digital strategy, which aims to utilise internet tools, channels and social media for a targeted promotion of Cyprus abroad. A specific objective, she noted, is to make use of these networks for the immediate and reliable provision of valuable information to SMEs on investment-related issues.In addition to attempting to attract and provide support to potential foreign investors, the agency’s new strategy also focuses on strengthening its relationship with existing foreign investors by introducing systematic communication to discuss and solve problems.On the subject of promoting Cyprus as an investment destination, she said that this should continue to be exploited but it needed some restructuring. It was necessary, for example, to stop the current uncontrolled advertising and to check the reasons for the investments, so as not to have “people who buy a flat which will then remain empty to get a passport”.The new Cipa board chairman, Michalis Michael, focused on the invaluable role the agency plays in capitalising on the new growth dynamics.“Promoting the competitive advantages of Cyprus as an investment destination and contributing to the effort for structural reforms that will improve the business environment are the primary objectives of the agency,” he said. “Cipa’s new strategy and targeted actions to harness the opportunities that emerge are steps in the right direction and serve the wider effort to strengthen the country’s growth prospects.”Media representatives were also briefed on the new initiative of the agency, ‘Invest career’, which aims to match the growing needs of companies to employ talented professionals looking for employment opportunities in Cyprus.As Pyllidou said, the initiative is in the final stage of implementation and will soon be put into operation. The goal of the organisation, she explained, is to attract a high quality workers, especially Cypriots who, in the absence of opportunities in previous years, are now working abroad. At this stage, the agency is communicating with major employers, while focus groups are being held in Nicosia and Limassol to collect feedback on the platform’s operation.You May LikePopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoSmart Tips DailySeniors With No Life Insurance May Get A $250,000 Policy If They Do ThisSmart Tips DailyUndo Concern over falling tourism numbersUndoPensioner dies after crash on Paphos-Polis roadUndoCypriot tycoon launches ‘Bank of Cannabis’Undoby Taboolaby Taboolalast_img read more


Antrim County Commission reconsiders position on Coles bill opening stateowned logging roads

Posted On Aug 9 2019 by

first_img29Jun Antrim County Commission reconsiders position on Cole’s bill opening state-owned logging roads On June 9 the Antrim County Commissioners voted to draft a resolution opposing State Rep. Triston Cole’s legislation to increase recreational opportunities in Michigan by giving ORV users the right of entry to any forest road that is not marked closed.Rep. Cole requested that the Antrim County commissioners reconsider their decision in a letter addressed to Chairman Crawford explaining House Bill 5275.“House Bill 5275 opens state-owned logging roads, which you can currently drive a motorized vehicle down, for the use and responsible travel by ORVs and ATVs,” Rep. Cole said. “It also charges the DNR with completing an inventory of the entire state of Michigan trail system and opening only the passageways that are environmentally sound, while keeping closed the trails/roads that were never intended to be used by motor vehicles.”House Bill 5275 was created to allow Northern Michigan residents who currently travel to the Upper Peninsula to find open roads and trails closer to home instead of being forced to trailer their equipment to other regions of the state.“For many years, Upper Peninsula trails have been considered ‘open’ unless marked closed, while the Lower Peninsula is closed unless marked open,” Rep. Cole said. “HB 5275 will make the entire state equal and give our local business owners an opportunity to profit from the popular sport.“Antrim County has been very proactive with the expansion of opportunities for hikers and bikers. Please show the same respect to the motorized community.”The Antrim County Commission met yesterday to vote on rescinding the original resolution to oppose House Bill 5275. The majority of members voted to support Rep. Cole’s legislation, the final tally was six votes supporting House Bill 5275 and three not in favor.“I thank the board for reconsidering their position on HB 5275 as it will greatly benefit Antrim County and the rest of Northern Michigan as well.” Categories: Cole Newslast_img read more


Rep Webber invites people to Jan 30 indistrict office hours

Posted On Aug 9 2019 by

first_img17Jan Rep. Webber invites people to Jan. 30 in-district office hours Categories: News,Webber News State Rep. Michael Webber announced his in-district coffee hours for the month of January, and encourages people in the Greater Rochester Area to join him for questions and discussion.Webber’s local office hours will take place on Monday, Jan. 30, from 9 to 10:30 a.m. at Panera Bread, 37 S. Livernois Road at Walton Boulevard in Rochester Hills.No appointment is necessary and there is no cost to attend. Anyone unable to attend may contact Rep. Webber’s office by calling (517) 373-1773 or by emailing Webber at MichaelWebber@house.mi.gov.#####last_img read more


Area first responder is guest of Rep Lower for Sept 11 ceremony

Posted On Aug 9 2019 by

first_img Categories: Lower News,News 08Sep Area first responder is guest of Rep. Lower for Sept. 11 ceremony State Rep. Jim Lower, of Cedar Lake, was joined Thursday by Montcalm County Sheriff Mike Williams as his guest at the Michigan House of Representatives’ annual Sept. 11 Memorial Service at the Capitol. The ceremony remembers first responders and members of the military from Michigan who died in the line of duty in the past year.last_img


Livingston County public safety officials join Rep Vaupel for Sept 11 ceremony

Posted On Aug 9 2019 by

first_imgPHOTO INFORMATION: State Rep. Hank Vaupel, of Fowlerville, is joined today by Livingston County Sheriff Michael Murphy (left) and Livingston County Undersheriff Jeff Warder (right) for the Michigan House of Representatives annual Sept. 11 Memorial Service at the Capitol.  The ceremony remembers first responders and members of the military from Michigan who died in the line of duty in the past year. Categories: News,Vaupel News 06Sep Livingston County public safety officials join Rep. Vaupel for Sept. 11 ceremonylast_img read more


Rep Berman tapped for leadership role on regulatory committee

Posted On Aug 9 2019 by

first_img State Rep. Ryan Berman was appointed this week by Speaker Lee Chatfield to serve as vice chair of the House Committee on Regulatory Reform.The committee is tasked with deliberation on various regulatory issues in Michigan including liquor, gaming, lottery, occupational regulation, construction, administrative rules and other issues.“My work as a general practice attorney provides me with a breadth of knowledge on a range of regulatory issues facing Michigan families and businesses. I am grateful for the opportunity to put these skills to work,” Berman, of Commerce Township, said. “I look forward to working with my fellow committee members to make sure Michigan remains the best place to live, work, and raise a family.”Berman, serving his first term in the Michigan House of Representatives, will also serve as a member of the Judiciary, Financial Services and Insurance committees. 17Jan Rep. Berman tapped for leadership role on regulatory committee Categories: Berman News,Newslast_img read more