Israeli F16 jets over Paphos as part of joint exercise

first_imgJOINT military drills involving the armed forces of the Republic of Cyprus and Israel are being conducted on Monday.The joint exercise,”ONISILOS-Gedeon 1/2017″ will last until Wednesday March 22.The drill is part of the annual military cooperation now established between the armed forces of the two countries, according to a statement by the Cyprus ministry of defence.The exercise is taking place within the Nicosia FIR and the overland of the Cyprus Republic and it involves personnel and armoured vehicles of the National Guard as well as various aircrafts from the Israeli Air Force.F16 fighter jets which were taking part in the military drill were spotted roaring across the sky in Paphos on Monday morning.Reportedly, the Cyprus government has lodged a formal complaint to the UN concerning a Turkish military exercise taking place 30 nautical miles NW of Paphos.The complaint notes that the exercise is taking place within Cyprus’ Exclusive Economic Zone (EEZ).You May LikeLuxury Crossover SUV I Search AdsThese SUVs Are The Cream Of The Crop. Search For 2019 Luxury Crossover SUV DealsLuxury Crossover SUV I Search AdsUndoFigLeaf Beta AppFigLeaf brings You 3 Easy Steps to Privacy on Your Terms…FigLeaf Beta AppUndoTruthFinder People Search SubscriptionOne Thing All Liars Have in Common, Brace YourselfTruthFinder People Search SubscriptionUndo Concern over falling tourism numbersUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoIsraeli rape suspects freed, woman who alleged assault arrested (Updated)Undoby Taboolaby Taboolalast_img read more

Company registrations up 12 in July

first_imgThe number of company registrations rose an annual 1.2 per cent in July to 1,304 and 1.3 per cent to 7,750 in January to July, the Department of Registrar of Companies and Official Receiver said.The number of applications for company names rose last month 5.1 per cent to 2,359 and 2.3 per cent in January to July to 16,027 compared to the respective period last year, the department said in a statement on its website.The number of certified copies issued dropped in July an annual 1.2 per cent and rose 3.4 per cent in the first seven months of the year to 25,016 and 185,866 respectively, the department said. Finally, the submission of other documents dropped 7.5 per cent last month to 10,689 and rose 2.6 per cent to 76,679 respectively.The number of company registrations is an indicator of the performance of the business service sectorYou May LikeCity BeautyDo This To Fix Sagging Jowls Without SurgeryCity BeautyUndoGundry MD Vital Reds SupplementTired Of Being Tired? Top Surgeon: How To Be The CEO Of Your Overall Health & BodyGundry MD Vital Reds SupplementUndoFigLeaf Beta AppHow to Become Fully Anonymous Online in Less Than 3 Minutes?FigLeaf Beta AppUndo Concern over falling tourism numbersUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoOur View: Argaka mukhtar should not act as if he owns the beachUndoby Taboolaby Taboolalast_img read more

CIPA at the forefront of Cyprus recovery from crisis

first_imgBy George ChristouTOTAL foreign investment in Cyprus increased by a record 9.1 per cent in 2016 while the assets of Cyprus-based investment funds increased by 83 per cent, the outgoing president of the Cyprus Investment Promotion Agency (CIPA), Christodoulos Angastiniotis told the organisation’s AGM on Wednesday evening.“An important indication of the success of CIPA is the ranking of our country as the second most rapidly developing nation brand for 2017, after Iceland, according to the internationally renowned agency Brand Finance,” said Angastiniotis.“Even though this is a recent development, it is indicative of the success of a long-term effort to highlight Cyprus as a centre of business excellence.”In 2016 GDP growth hit 3 per cent while the economy was upgraded by ratings agencies. Increased investor interest in all productive sectors of the economy, such as the casino resort, marinas in Ayia Napa and Limassol, developments along the coasts and the privatisation of Limassol port all contributed to the improved performance of the economy, AGM participants were told.President Nicos Anastasiades, whose speech focused on the impressive recovery of the economy since the 2013 meltdown, praised the vital role played by CIPA and the Cyprus Investment Fund Agency (CIFA) in promoting structural changes.“With the contribution of CIPA and CIFA we managed to speed up and to capitalise the prospects for development,” he said.Foreign investments today were in excess of €7.5 billion. Attracting foreign investment was one of the priorities set by his government, which introduced a range of incentives, he said. The number of investment fund companies being registered was annually increasing at a rate of 18 per cent.The objective was to “set up a new subsector within our financial services, by making Cyprus an alternative fund management jurisdiction within the EU,” said Angelos Gregoriades, the president of CIFA, addressing the AGM. “The robustness of the sector is reflected in the continued registration of new companies and funds and investment vehicle,” he said.“The country has been brought on par with other top fund hubs and now we are seeing increasing interest from investors and fund service providers looking for EU regulated jurisdictions.”He added that an ambitious additional reform of the legal framework regarding investment funds including provisions for the introduction of registered funds, partnerships with legal personality and the introduction of a ‘mini manager’ concept for managing assets up to a certain threshold were on the horizon.Five bills covering the legal framework are awaiting House approval which is unlikely before the end of this year.A bill to establish an under ministry for development, which would speed up procedures for foreign investment, has also stalled at the legislature, after political parties put off its discussion until after January’s presidential election.Angastiniotis appealed to politicians to put aside political rivalries and approve the bills, which were essential for economic growth and strengthening the competitiveness of the economy. “The speediest possible approval of the bills would contribute to overcoming bureaucracy and the improving the business environment,” he said.Anastasiades also stressed the urgency of approving the bills, saying, “the investments’ sector must be considered by all of us above any political bickering.”Angastiniotis steps down as president of CIPA after a successful six years, in which foreign investment increased dramatically, as he was elected president of Keve (Cyprus Chamber Commerce and Industry). At the end of his speech he recalled the faith shown in CIPA by Anastasiades when the economy was in meltdown.Addressing the president, he said: “I will never forget our meeting, under difficult conditions in April 2013, when everything was falling apart, when Cyprus’ picture was at its nadir, when despite the countless problems you had to deal with you met us in your office. We mustered all of the courage and nerve we had to ask for additional funding for the agency so we could counter the negative picture of Cyprus abroad. The faith you showed us was, for us, historic and fills us with a sense of responsibility and obligation.”You May LikeLuxury Crossover SUV I Search AdsThese SUVs Are The Cream Of The Crop. Search For 2019 Luxury Crossover SUV DealsLuxury Crossover SUV I Search AdsUndoYahoo SearchThe Early Signs Of Type 2 Diabetes. Search Type 2 Diabetes TreatmentsYahoo SearchUndoDr. Marty ProPower Plus Supplement3 Dangerous Foods People Feed Their Dogs (Without Realizing It)Dr. Marty ProPower Plus SupplementUndo Concern over falling tourism numbersUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoOur View: Argaka mukhtar should not act as if he owns the beachUndoby Taboolaby Taboolalast_img read more

Award ceremony for top foreign investors

first_imgSix foreign investors were acknowledged for their contribution to the economy during this year’s Cyprus Investment Promotion Agency (Invest Cyprus) awards, while a seventh was given an honorary award.The awards ceremony was held in Nicosia on Tuesday night, attended by President Nicos Anastasiades and some of his cabinet including Energy Minister Giorgos Lakkotrypis and Finance Minister Harris Georgiades.The winners of the awards were Olympia Group, which has various and wide-ranging investments, US energy giants ExxonMobil, Limassol port operators DP World, Uniteam Marine Limited, Eurobank and Arab Satellite Communications Organisation (Arabsat). An honorary award for its greater contribution to the Cyprus economy was given to the Council of Europe Development Bank.The awards were presented by main sponsor PwC Cyprus. Other sponsors included Eurobank Cyprus TFI Markets and Grey Goose.Chairman of Invest Cyprus, Michalis Michael, in his address said that under the guidance of the government and the valuable contribution of the private sector, the agency had been able to apply a successful strategy to promote investment in the country.“As a result of the organisation’s successful course, which is part of the state’s collective effort to reinstate economic growth and establish long-term prosperity, there are currently new opportunities for investment both in new and traditional sectors,” he said.He specifically referred to the development opportunities that have emerged in the sector of “headquartering” (transferring headquarters of a company), start-ups and innovation, health and alternative tourism, energy and investment funds.As for the conditions needed to achieve sustainable economic growth in a competitive international environment, Michael said it was necessary for the economy to be in a position where it could constantly adapt, apply reforms, modernise and innovate so that it can be as competitive as possible.The awards ceremony, he said, paid tribute to the continuous trust that investors have been showing in the country.“Your vote of confidence in our economy’s potential for growth, proves that our collective effort to facilitate growth through the reinforcement of Cyprus’ competitive advantages, has be proven successful and worthy of continuation,” Michael said. You May LikePuppyLoverNews.com11 Dogs That Are Super Easy to RaisePuppyLoverNews.comUndoNutrition Expert7 Natural Pain Relief Remedies for Chronic PainNutrition ExpertUndoFitDib20 Best Short Hairdos For Women Over 60FitDibUndo Modi versus Wild: Indian PM to join Bear Grylls in wildernessUndoCompanies must use buying power to root out slavery, says UK officialUndoFresh case of Blue Nile virus in northUndoby Taboolaby Taboolalast_img read more

Bicommunal project aims to bring school kids together

first_imgGreek and Turkish Cypriot schoolchildren will come together in November as part of the 2018-2019 Imagine project to promote a culture of peace, the head of the bi-communal technical committee on education Michalinos Zembylas said on Tuesday.The meetings will take place between primary and secondary students from both communities and are expected to begin at the start of November.Zembylas added that that Imagine will be upgraded this year and children will be able to choose to have more bicommunal contacts and attend more bicommunal activities as well as activities of schoolchildren of their own community.He said that for the first time, this year teachers will be able to attend courses on educational methods and activities promoting anti-racism education and education promoting peace and the implementation of human rights.Participation in the project is voluntary both for schoolchildren (requiring the written consent of their parents/guardians) and for teachers.The project is being held under the auspices of the technical committee on education and is implemented by the Association for Historical Dialogue and Research (AHDR) and the Home for Cooperation (H4C) at Ledra Palace in the Nicosia buffer zone.Among other things, the project aims to tackle racism, discrimination and xenophobia, while promoting equality and tolerance.A total of 2,000 schoolchildren and 200 teachers participated in the project during schoolyear 2017-2018.You May LikeUltimate Pet Nutrition Nutra Thrive SupplementAdd This One Thing To Your Dog’s Food To Help Them Be HealthierUltimate Pet Nutrition Nutra Thrive SupplementUndoAngels And EntrepreneursRobert Herjavec Announce Venture Could Make You RichAngels And EntrepreneursUndoDr. Marty ProPower Plus Supplement3 Dangerous Foods People Feed Their Dogs (Without Realizing It)Dr. Marty ProPower Plus SupplementUndo 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

Minister shocked by how clinic was being run

first_imgBy Constantinos PsillidesHealth minister Petros Petrides said he was shocked and outraged on Friday when he paid a surprise visit to the Linopetra outpatients clinic in Limassol and found it in chaos.The minister’s visit was prompted by press reports, saying the clinic was overflowing with patients and that staff were unable to cope.What he found there was misfiled paperwork, missing staff and patients being neglected.“How is it possible for an employee to be absent and nobody thought to replace him? Why wasn’t his request for a sick day filed properly so he could be replaced? This is unacceptable,” said the minister. He said he had asked for a list of all employees in the clinic and the people who replace them in case they are absent. “This list will be followed to the letter from now on,” he said.Petrides was also very critical on the doctors’ shift rotation, pointing out that on Thursdays the clinic is crammed with people because nine different specialists are seeing patients on the same day. “Why weren’t they spread out evenly throughout the week to avoid overcrowding? These are simple problems that can be solved easily,” the minister said.CyBC reported that the minister got into a shouting match with the administrators, telling media that whoever was to blame would  answer for the situation. Responding to a reporter’s question asking whether staff at the clinic were doing whatever they wanted, the minister said: “Not any more”.Petrides dismissed claims that the problems were due to cutbacks, saying that people should stop using this as an excuse. “We have to place above all, our mission as doctors, nurses and paramedics,” he said.State doctors’ union PASYKI said in response that they were“making superhuman efforts in adverse conditions to provide quality care”.The union said the congestion was a result of the increased visits to state facilities because of the economic crisis and because of budget cuts. You May LikeDr. Marty ProPower Plus Supplement3 Dangerous Foods People Feed Their Dogs (Without Realizing It)Dr. Marty ProPower Plus SupplementUndoUltimate Pet Nutrition Nutra Thrive SupplementAdd This One Thing To Your Dog’s Food To Help Them Be HealthierUltimate Pet Nutrition Nutra Thrive SupplementUndoAngels And EntrepreneursRobert Herjavec Announce Venture Could Make You RichAngels And EntrepreneursUndo Concern over falling tourism numbersUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoIsraeli rape suspects freed, woman who alleged assault arrested (Updated)Undoby Taboolaby Taboolalast_img read more

Over 300 patients referred to private sector since nurses strike began

first_imgDESPITE the cabinet’s decision earlier in the week for the referral of all patients waiting for surgery at state hospitals to the private sector, breast cancer surgeries are not included, the head of the Cyprus patients and friends association Marios Kouloumas said on Thursday.Since the indefinite strike of nurses union PASYNO began on March 15, all scheduled surgeries at state hospitals have been cancelled with the exception of urgent cases.Speaking to state broadcaster CyBC, Kouloumas said that breast cancer surgeries, which require specialist doctors, cannot be carried out in private hospitals, and because they are not deemed as urgent cases, they have been cancelled.At the moment, only patients injured in serious accidents and brain hemorrhages are deemed as urgent cases.“We need to review what an urgent case is, to include breast cancer surgeries, because they are urgent,” Kouloumas said.The group also worries that the prolonged strike makes patients more vulnerable as it hinders their access to health care and puts their safety at risk.“Doctors themselves said they could not guarantee the safety patients and that there is bigger possibility of medical error. If doctors themselves make such statements, then yes we do worry,” Kouloumas said.State doctors union PASYKI had warned since the strike began that it would burden doctors with more responsibilities.“Our greatest concern is the patients’ safety and their access to health services,” Kouloumas said.Since the strike began, to-date 320 patients have been referred to the private sector, the health ministry said in an announcement. The number includes urgent cases, and patients on waiting lists for surgeries in state hospitals which have been cancelled due to the strike.As regards the strike, Undersecretary to the President Constantinos Petrides, said that the government was willing to engage in a dialogue with PASYNO union within the framework of hospital autonomy, but will not be blackmailed into only discussing issues concerning the salaries “of some categories of civil servants”.He added that despite the fact PASYNO says its members do not want the pay rises to be implemented right away, he said the issue was clearly about salaries. You May LikeInsured Nation – Auto Insurance QuotesNew Rule in Rowland Heights, California Leaves Drivers FumingInsured Nation – Auto Insurance QuotesUndoPopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoIcePopMan Notices A Strange Hole In This Lake, So He Gets A Drone, Flies It Inside And Captures ThisIcePopUndo Concern over falling tourism numbersUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoPensioner dies after crash on Paphos-Polis roadUndoby Taboolaby Taboolalast_img read more

Brexit outreach events to be held in Paphos

first_imgThe British High Commissioner and other consular staff will be in Paphos on Tuesday as part of a series of Brexit outreach meetings taking place across the island.The aim of this initiative is to ensure that British citizens living in Cyprus have the best possible updates on Brexit and the impact it may have on their daily lives on the island, a British High Commission spokesperson told the Cyprus Mail.“We want to thank the Cypriot authorities for their cooperation, especially the Civil Registry and Migration department, which have been represented in our outreach events so far,” he added.British High Commissioner Stephen Lillie has already hosted three outreach events for expats in Cyprus over the last two weeks, taking place in Oroklini, Paralimni and Limassol.Lillie will host two more in Paphos on Tuesday, the first in Peyia and a second in Paphos town. These will be followed by a similar event in Nicosia on December 3 and a further one in Pissouri on December 10.The High Commissioner has also been responding to questions on Brexit via a weekly column in the Sunday Mail.Tuesday’s first meeting will be at Peyia Old Cinema building at 2pm, while the second will be held at Palia Ilektriki Cultural Centre in Paphos old town at 5.30pm.Earlier in the day, the High Commissioner will be a guest on the Rock FM Breakfast Show at 11am, where he will be answering listeners’ questions regarding Brexit.“We are inviting people to email us with any worries, concerns or points that they feel need to be clarified about Brexit and how it will affect their lives and the High Commissioner will answer them live on air on Tuesday November 27,” a spokesman for the radio station said.So far, hundreds of British residents have tuned up at the outreach events which are open to all British nationals and no registration is required.The High Commission said the Civil Registry and Migration department has published detailed guidance for British expats on how they can normalise their status in Cyprus.“We strongly urge British citizens to follow these instructions, and we hope to see more of them in our upcoming outreach events which offer an opportunity to update on latest developments, including the extraordinary EU Summit of the 25th of November and the next steps,” the High Commission spokesman said.Lillie previously said to enjoy the rights and privileges accorded by the Citizen’s Rights agreement, Brits in Cyprus need to apply for an MEU1 or MEU3 (if the applicant has lived in Cyprus for more than five years) before the end of December 2020.The migration department has said that holders of an MEU3 will face a straightforward process for obtaining a new residency document issued by the Cypriot authorities after January 1, 2021.For further information on British High Commission events visit www.facebook.com/pg/ukincyprus/events/Email questions for the High Commissioner on Rock FM Breakfast show to: admin@rockfm985.comwww.gov.uk/world/cyprus#/world/brexit-cyprusYou May LikeYahoo SearchThe Early Signs Of Type 2 Diabetes. Search Type 2 Diabetes TreatmentsYahoo SearchUndoPopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoPlarium I Vikings: Free Online GamePlay this for 1 minute and see why everyone is addictedPlarium I Vikings: Free Online GameUndo Turkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoThe Deniz boat incident showed clearly the intentions of the Turkish sideUndoConcern over falling tourism numbersUndoby Taboolaby Taboolalast_img read more

House working to limit CBC powers over new BoC

first_imgBy Stefanos EvripidouPARLIAMENT IS working to limit the powers of the Central Bank of Cyprus (CBC) as the resolution authority over the former Laiki (Popular) Bank and wrestle control of the majority shareholding in the new Bank of Cyprus (BoC) from the Laiki administrator, it transpired yesterday.When the Bank of Cyprus (BoC) recently completed its recapitalisation process to come out of administration, the largest single shareholder turned out to be the former Laiki, represented by its administrator who is now effectively in charge of Laiki’s 18 per cent shares in the newly restructured bank.This led DISY MP Prodromos Prodromou to question whether BoC has really exited the resolution regime at all, since in fact, 18 per cent of the new BoC remains under the control of the Laiki administrator, appointed by the Resolution Authority, headed by CBC governor Panicos Demetriades.With the new BoC’s annual general meeting on the horizon, there appears to be concern by some that Demetriades will have influence over the largest shareholder in the BoC, and thus over the bank itself.MPs are now examining ways to transfer control of the 18 per cent share capital in the BoC from the CBC-appointed Laiki administrator to Laiki’s creditors, including those who lost millions in uninsured deposits.President Nicos Anastasiades yesterday confirmed as much when he said that the matter was being discussed in parliament while banking sources told the Cyprus Mail that the CBC board will review the issue on Monday.Asked yesterday how one could guarantee that the Laiki administrator will manage Laiki’s shares in the BoC in a manner that will satisfy Laiki’s shareholders (mainly its uninsured depositors who took a massive hit after the Eurogroup’s decision to wind down Laiki last March), Anastasiades replied: “I understand the entirely justified request of Laiki shareholders who represent 18 per cent (of the BoC).“At the same time, I understand that certain processes are underway in Parliament to see how they (Laiki’s creditors) can safeguard this 18 per cent, and not the administrator or liquidator of Laiki Bank. I will respect any decision taken in a democratic manner and after study by the legislative body.”The issue has the potential to spark a new dispute between ruling DISY on the one hand and CBC governor Panicos Demetriades and by extension the troika on the other.Prodromou has already flagged the principles of transparency and corporate governance, saying: “It is not possible for a public authority, namely the Central Bank, to be simultaneously the supervisor, the principal creditor and the biggest shareholder of a bank.“How will the Central Bank be able, if needed in the future, to monitor decisions and actions of the management of the (BoC), if at the same time it is controlling it through its share capital?”Local daily Politis yesterday reported that DISY leader Averof Neophytou is working on a strategy to convene a special session of parliament during the summer recess to amend the resolution law passed in March, limiting the powers of the resolution authority, and either removing Laiki’s voting rights in the BoC, or dispersing the 18 per cent among Laiki’s shareholders (in their majority uninsured depositors whose savings were wiped out).“They should at least receive the shares that are allocated to them and have a say in the decision-making process regarding the future of the Bank of Cyprus. There is no logical argument for excluding them from the process,” said Prodromou.However, banking sources said yesterday that the CBC is aware of the ethical dilemma regarding the 18 per cent and will convene on Monday to discuss how to deal with the matter.They explained that the BoC shares cannot legally be transferred to and divided among Laiki’s creditors until Laiki enters into liquidation. This cannot happen until the latter sells off its subsidiaries in Romania, Russia, Malta and Serbia.If Laiki enters into liquidation and has its licence revoked, without selling off its subsidiaries, measures will likely be taken by the national supervisory authorities in the countries where the subsidiaries are operating.In the meantime, the aim of the administrator is to protect the creditors’ interests and ensure the BoC is profit-making.The same sources questioned on what grounds parliament would remove the voting rights of the biggest shareholder in the new BoC, and how far this scheme would go with the troika.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 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

Festival comes to Phaneromeni all summer long

first_imgOver the past couple of summers Nicosia’s old town has come to life during a season when the masses tend to abandon the city and head for the coast. The Faneromeni Arts Festival has entertained those staying in the capital with music, theatre and cinema performances. Now, it’s back.Merging the old with the new, the traditional with the modern, the local with the foreign has always been a feature of the events hosted by the Bank of Cyprus Cultural Foundation. The Faneromeni Arts Festival will continue to express this duality with evenings filled with fun starting from Thursday.The 2019 programme features a musical journey into history, an evening full of urban dance and comedy, nights where technology meets music, with theatre, Austrian strings accompanying a Cypriot pianist and an English legend coming alive on stage. The festival features young as well as seasoned artists, imbuing the old town with vibrancy.Every Thursday at 9pm until late September the patio of the Bank of Cyprus Cultural Foundation will offer the chance to enjoy concerts, musical-theatre performances and films beneath the starry sky of Nicosia. Faneromen19 Arts FestivalSummer festival with art performances from local and foreign artists of dance, theatre, music and film. June 27-late September. Every Thursday. 9pm. Bank of Cyprus Cultural Foundation, Nicosia. FreeYou 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

Company registrations up 17 in June

first_imgBy Stelios OrphanidesThe number of company registrations rose in June an annual 17 per cent to 1,123 unaffected by tougher anti-money laundering measures including shell companies being banned from the banking system, official figures show.The number of company registrations, an indicator of the performance of the corporate services sector, rose 15 per cent in the first half of the year to 7,405 compared to the respective period of 2017, the Department of Company Registrar and Official Receiver said in an emailed statement.Applications for names rose in June an annual 16 per cent to 2,622 and in January to June 26 per cent to 17,190, the department said. The issue of certified documents rose 13 per cent in June to 29,167 and 7.8 per cent in the first six months to 173,376 while the submission of documents rose 15 per cent in June to 11,973 and 9.5 per cent to 72,272 respectively.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 ArePopularEverythingUndoSmart Tips DailySeniors With No Life Insurance May Get A $250,000 Policy If They Do ThisSmart Tips DailyUndo Pensioner dies after crash on Paphos-Polis roadUndoThree arrested in connection with hotel theftsUndoCypriot tycoon launches ‘Bank of Cannabis’Undoby Taboolaby Taboolalast_img read more

A tribute to Cypriot film

first_imgIt has been a good year for Cyprus film but the Pantheon Cinema takes a wider view with the continuing Tribute to Cypriot Cinema this month, with a choice of three films, all locally produced, all very different from each other and all well worth watching.The first is Rosemary (2017), described by online film database IMDb as both a comedy and a drama. In the film, a burned out soap opera writer turns his gaze upon his dysfunctional neighbours, but gets more than the inspiration he bargained for. Soon, reality and fantasy start to blur.At the Cyprus Film Days International Festival, the largest international film event in the country, the Best Film Award in the main international competition programme, Global Images, went to local director Adonis Florides for the film in 2017 “for its masterful and nuanced tragic-comic portrayal of a man torn between art and reality”. This was the first time in the history of the festival that a Cypriot film won the main award.At the same event, the second film shown during the tribute, Petros Charalambous’ debut feature Boy on the Bridge received the Audience Award.Boy on the Bridge (2016) is a coming-of-age drama based on the novel The Land of The Golden Apple by Eve Makis. It is set in the 1980s in a seemingly idyllic Cypriot village where 12-year-old Socrates finds himself at the centre of a murder investigation. While he looks for clues to solve the murder he exposes a dark family secret that changes his life forever.Charalambous works as a freelancer film director shooting commercials, corporate videos, music videos, narratives and documentaries. Some of the commercials he directed were shortlisted for several advertising competitions. His short film The Escape of the Queen participated in many film festivals all over the world, winning awards and distinctions.The third film, Smuggling Hendrix (2018) is about the absurdity of the Cypriot political system.Yiannis, a faded musician who is about to leave Cyprus for a better life abroad, sees his plans turned upside down when his dog runs away and crosses the Buffer Zone that separates the “Greek South” from the “Turkish North”. Can he smuggle him back in?It has received numerous international awards, among them the best international narrative feature film award at the prestigious Tribeca Film Festival in New York this year.Now all you have to do is choose which one to watch – or just go for all three and pay less. Tribute to Cypriot CinemaRosemarie (2017) Until July 22, Boy on the Bridge (2016) July 23-27, Smuggling Hendrix (2018) July 28- August 1. Greek with English Subtitles. All screenings start at 8.30pm. Tickets: €8, €6 (kids, students, pensioners), €15 (3 movies). Pantheon Art Cinema, 29 Diagorou Street, Nicosia pantheon@cytanet.com.cy, Tel: 22-675787You May LikeCalifornia Earthquake AuthorityEarthquake coverage that comes with optionsCalifornia Earthquake AuthorityUndoPopularEverythingColorado 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 AboutLivestlyUndo Our View: Argaka mukhtar should not act as if he owns the beachUndoA grotesque choice of prime minister for Britain?UndoNicosia will use ‘all diplomatic means at its disposal’ to counter Turkish actionsUndoby Taboolaby Taboolalast_img read more

Limassol stadium costs racking up cabinet steps in

first_imgThe delay in starting the construction of the new Limassol football stadium is reportedly causing a significant dent in state finances to the tune of €1.5m so far, it emerged on Thursday.The construction of the stadium, which began in February, was halted after a geological study found that the subsoil in part of the stadium was unstable due to the existence of construction rubble dumped there in the past.As a result, the contractors of the project are billing the state for €300,000 per month of delay, reports said.The cabinet on Thursday took several decisions towards resolving the problems that have arisen, which it said are rooted the “problematic or incomplete” initial plan for the stadium drawn up in 2013, which was necessarily adopted due to contractual obligations of the three Limassol football clubs Apollon, AEL, and Aris.It decided to authorise the Cyprus Sports Organisation (KOA) to revise and complete the plan by the end of October and to address any and all problems that have arisen or that may arise in the future.The cabinet also authorised KOA to submit a request as soon as possible so that the department of public works can be designated the project’s contracting authority.A project management and oversight team is also to be set up by the department of public works, the cabinet decided.It added that full consideration was taken of the warnings and recommendations made by the auditor-general earlier in the month in a letter to KOA, which stressed that if measures were not taken immediately by the state, the Limassol stadium construction project would develop into a large-scale scandal due to skyrocketing costs.Works for the construction of the new football stadium started in February. The stadium, dubbed as the ‘Limassol Arena’, costing around €28m is due to be completed in 28 months with the first match taking place in the summer of 2021. The government already leased the land to the three clubs which were to take a loan from a bank that the government would repay.The project was initially delayed because the stadium had to be redesigned to meet European football governing body Uefa’s Champions League specifications.At present, all three clubs use the Tsirion stadium near the Ayia Phyla junction as their home ground that has had its share of structural problems, insufficient capacity and is located within a residential area, causing problems and damage to properties whenever football fans get riotous.You May LikeCalifornia Earthquake AuthorityEarthquake insurance that fits your future plansCalifornia Earthquake AuthorityUndoLivestlyChip 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 ArePopularEverythingUndo Pensioner dies after crash on Paphos-Polis roadUndoCyprus and Italy in hot water over tax breaks for yachtsUndoThree arrested in connection with hotel theftsUndoby Taboolaby Taboolalast_img read more

Rep Leutheuser honors 911 with Chief of Hillsdale Fire Department

first_img08Sep Rep. Leutheuser honors 9/11 with Chief of Hillsdale Fire Department Categories: Leutheuser News,News State Rep. Eric Leutheuser was joined by Chief Kevin Pauken of the City of Hillsdale Fire Department and his wife, Valerie Pauken, today during the annual House of Representatives’ 9/11 ceremony at the state Capitol. House members invited first responders and military members from their respective districts as guests for the noon event, which included the ringing of a ceremonial bell for each of the 15 Michigan-based law enforcement, fire department, emergency medical personnel and members of the military who lost their lives in the line of duty since September 2015.last_img

Rep Alexander supports responsible budget with key investments for Michigans future

first_img02May Rep. Alexander supports responsible budget with key investments for Michigan’s future Categories: Alexander News,News State Rep. Julie Alexander of Hanover today voted in favor of a Michigan House budget plan that is fiscally responsible while still making key investments to improve communities and schools.“We are proposing a smart, sound state budget,” Alexander said. “This plan prioritizes and gets the most out of the money taxpayers send us by focusing on what matters most to families in Jackson County and across the state.”Highlights of the budget include:State spending would be less in the next budget year than we spend today, with overall appropriations growth below the rate of inflation.Michigan’s K-12 schools would get the highest funding in state history with a proposed $14.3 billion, including $100 more per student across the state. Funding for career and technical training would increase for equipment upgrades and for intermediate school districts to hire counselors.Local governments would get 5 percent more in statutory revenue sharing for road repairs, public safety, parks and other programs to improve communities.The plan pays down school retiree debt and adds to state government’s main savings account for tough times, pushing that emergency fund above $1 billion.The bills now go to the Senate for consideration.last_img read more

Rep Allor Bringing home more resources to fight PFAS contamination

first_img By state Rep. Sue AllorMichigan, like much of the nation, is dealing with the consequences of chemical contaminants left behind by decades of industrial processes and decaying consumer products.These chemicals have long, complex names such as perfluoroalkyl and polyfluoroalkyl – known as PFAS for short. They have been used in everything from carpeting to food wrappers to firefighting foam to metal plating. Now they are showing up in our groundwater, a threat to public health that Michigan must address quickly and aggressively.As a former nurse, public health has always been one of my top concerns. That is still the case now that I am your representative in the Michigan House. That’s why earlier this year, I sponsored a resolution calling on Michigan’s PFAS Action Response Team (MPART) to use state funds as effectively and efficiently as possible. This resolution urges the creation of a scientific advisory committee and calls for conducting a scientific risk assessment, which then would be used to prioritize response efforts and create a logical plan moving forward.I also called on the federal government to do more to help us fight PFAS contamination, including the release of a study which was being held back from the public until just recently. We are still reviewing the study, but believe that it could help us learn more about how these chemicals affect human health. We also took additional action – including legislation and securing funds – to address this very serious issue.Late last year, I joined with my colleagues in securing $23 million to respond to PFAS contamination in our state. Money is being used to test, monitor and provide technical assistance at PFAS-contaminated sites statewide – including the former Wurtsmith Air Force Base in Oscoda and the Combat Readiness Training Center in Alpena.In the upcoming 2018-19 fiscal year budget, which was signed into law last month, I successfully secured additional funding for Northeast Michigan to combat PFAS contamination.It helps to have great local partners when pursuing this kind of support, and we have one in Oscoda Township Supervisor Aaron Weed. He is a key part of a team driven to finding solutions to this problem and make sure residents have clean water. Aaron approached me with a plan to help connect homes in affected areas to municipal water so residents don’t have to use at-risk water wells. With this information, I rolled up my sleeves and got to work bringing home the $325,000 needed to complete the project in Oscoda Township.It is a great example of bringing our hard-earned tax dollars back home to Northern Michigan – where they can benefit our communities and preserve our way of life.I also spearheaded the successful effort to allocate $115,000 to study the effects of PFAS contamination on wildlife. This is incredibly important here in Northern Michigan where deer and fish will make their way to our dining room tables – we’ve got to do everything possible to ensure they’re safe for our families’ consumption.Also, more than $4 million will be added to PFAS contamination response programs statewide in the new budget. This includes more money for grants to local health departments and improved laboratory capacity to more quickly identify and respond to contamination, making us a leader in our nation when it comes to responding to this contaminant.All of these initiatives will help Michigan respond to PFAS concerns more quickly and effectively – protecting public health. I encourage you to learn more about PFAS by visiting this website: https://www.michigan.gov/pfasresponse/(Rep. Sue Allor represents Alpena, Presque Isle, Alcona and Iosco counties, as well as part of Cheboygan County, in the Michigan House.) 05Jul Rep. Allor: Bringing home more resources to fight PFAS contamination Categories: Allor News,Newslast_img read more

Bellinos locking prescription vial plan prevents teenage opioid abuse

first_img Categories: Bellino News Tags: Health Policy, Locking Vials, Opioid 05Sep Bellino’s locking prescription vial plan prevents teenage opioid abusecenter_img Legislator: Youth opioid abuse starts in the medicine cabinet, not on the streetsState Rep. Joe Bellino today delivered testimony during the House Health Policy Committee in support of his plan to prevent teenage opioid abuse and pilfering from the family medicine cabinet by implementing locking prescription vials.Pilfering, Bellino explained, is the process of skimming a few pills from a family member’s prescription bottles without them noticing, and studies show it’s the leading cause of opioid abuse in children and teenagers.“This is a very personal cause for me as an addict in recovery,” Bellino said. “I was lucky enough to receive help with the support of professionals, but not all are so fortunate, and far too many lives have been lost as a result of opioid abuse. We must do all we can to prevent abuse to begin with.”The legislator believes part of the solution is to make locking prescription vials the standard. The locking vials can only be able to be opened by individuals who know the combination code, preventing pilfering.“For nearly fifty years we have been using childproof vials, and my proposal is no different from that concept – except it’s more effective. It simply updates existing law,” said Bellino. “Child-resistant bottles are simply inadequate in this day and age. If we really want to protect Michigan families, we need to make it more difficult for young people to access potentially dangerous drugs.”Bellino stated this is a low-cost tool to keep teens from initiating abuse, and believes drug companies should be responsible for covering the cost of the vials.“The real question we should be asking is ‘what is the cost of doing nothing?’” the Monroe representative said.Joining Bellino for testimony were Detroit Red Wings play-by-play announcer Ken Daniels and Mike Hirst, founder of non-profit opiate abuse support organization Andy’s Angels, who both lost their sons to opioid overdose and have committed their lives to opioid awareness.“We are all working for the drug dealers and we don’t even realize it,” Daniels said. “Our own medicine cabinets are the kick starters.”House Bill 5857 remains under consideration by the House Health Policy Committee.To learn more about this legislation, contact Rep. Bellino’s office at (517) 373-1530 or JoeBellino@House.MI.gov.###last_img read more