Insider Business Gradual privatizations

Gradual privatizations

The Government carries out privatizations, despite the repeal of both the law and the privatization unit. A competent source told “Ph” that although the House of Representatives repealed the framework law regulating privatizations, each privatization case is being considered individually.

The source further stated that some of the provisions of the privatization laws, still pending in the House of Representatives, cover the provisions of the law that was repealed.  The Government’s priorities include the privatization of the port of Larnaca, while it is estimated that the matter will close by the end of the year and that the port will be handed over to the private sector by 2019.  With reference to the Cyprus Government Lottery, the law on the licensing of operations to a private investor for 15 years is still pending in the House of Representatives. According to a government source, the state wants to ensure that this privatization will double the revenue obtained from the lottery, currently ranging between €10 to €15 million per year.

Top Stories

162 new cases, five deaths announced on Monday

The Health Ministry announced the death of five persons due to COVID-19. This raises the death toll from the virus in Cyprus to 175,...

Where to get antigen rapid tests on Tuesday

The Health Ministry announced the following antigen rapid test sites for Tuesday, 19 January 2021: LIMASSOL Apostle Loucas Church, Agios Athanasios 08:30-16:30 Agios Stylianos Church, Linopetra 08:30-16:30 Cultural...

Searches for 70 year old woman missing at sea suspended due to bad weather

Searches to find a 70 year old woman missing off the Phiikoudes beach in Larnaca have been suspended due to extremely bad weather conditions...

Tourist arrivals plunge by 84% in 2020 in one of Cyprus’ worst tourist seasons due to Covid

Tourist arrivals in Cyprus reached a mere 631,609 plunging by 84.1% year on year in one of the worst ever season for Cyprus’ tourist...

Germany demands release of Kremlin critic Navalny

Germany on Monday demanded the release of Kremlin critic Alexei Navalny, detained on Sunday on his return to Russia, and said it would discuss...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...