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Cyprus Property
3 Bedroom House (Pyla, Cyprus)
3 Bedroom House (Pyla, Cyprus)
4/483-4
Semi-Detached House
240,000 - EUR410,000
2 Bedroom Villa (Larnaca, Cyprus)
2 Bedroom Villa (Larnaca, Cyprus)
2/E4a
Villa
280,000 - EUR479,000
3 Bedroom House (Pyla, Cyprus)
3 Bedroom House (Pyla, Cyprus)
3/485
Semi-Detached House
240,000 - EUR410,000
Large 4 Bedroom Villa (Larnaca, Cyprus)
Large 4 Bedroom Villa (Larnaca, Cyprus)
22/D1ma
Villa
500,000 - EUR855,000
Cyprus Hotels
Londa Hotel (Limassol, Cyprus)
Londa Hotel (Limassol, Cyprus)
Press Releases

24.04.2007
GB Increases Paphos Service
British Airways franchise partner GB Airways has increased its service from Paphos to reach a total of 19 weekly flights to London and Manchester this summer.

23.04.2007
Orphanides in New Larnaca Acquisition
Orphanides Pcl (ORF) have announced the acquisition of the activities and assets of Fthino Kalathi Limited, which operates as a super market in Larnaca.

13.04.2007
Cyprus, Montenegro Establish Diplomatic Relations
Andreas Mavroyiannis, permanent representative of Cyprus to the United Nations, and his Montenegrin counterpart Nebojsa Kaludjerovic have signed a document for the conclusion of diplomatic relations between the two countries.

Cyprus Restaurants
Pavarotti
Pavarotti's Restaurant (Pafos, Cyprus)
Opinions

14.04.2007
Tourists Pay for State Greed?
Travel chief says proposed charges would price Cyprus out of the region.

12.03.2007
What a load of rubbish
Five-hundred-and-fifty-three thousand tons of solid waste was collected by municipalities across the island in 2005, an increase of two point five per cent on the previous year (539,000 tons), the Statistical Services has reported.

Is There Any Future for Our Ports?

12.04.2007

More than a decade ago the two ports of Limassol and Larnaca were overflowing with containers stacked ten-high arriving from the Far East and ready to be transshipped to Europe or other parts of the world. Major shipping and container transport companies set up their base here to monitor operations, creating job opportunities for locals and injecting money into the property markets and into state coffers in the form of port fees.

At the same time there were a couple of Free Zones dotted around the towns, usually near the ports or the industrial zones.

All these were revolutionary concepts that have since been overtaken by more efficient ports in the whole south east European and Middle Eastern regions.

The Cyprus ports have since been demoted to glorified fishing shelters or dock-side facilities for a handful of passenger ships, while the free zones have disintegrated into fenced fields with man-size weeds trying to escape over the rusted gates.

This is not so much an issue for the Ports Authority to upgrade its facilities or improve its tariffs, or even for the highly-unionised dock workers to offer their services during weekends.

Nothing can be done if there is no will from the government and if the system continues to lack a national policy on shipping and cargo transport and storage.

Does Cyprus want to attract international transshipment business and become a major player in the region as it used to be or are we content with remaining a backwater mid-size port provider with a few cranes and lazy old dock hands?There are great untapped opportunities with international shipping and transshipment companies desperately looking for port storage facilities in the eastern Mediterranean area.

With the ports of Egypt flourishing with intercontinental traffic and the ports of Turkey making a turn towards energy supplies, the only logical stop would have to be Cyprus. But with uncompetitive services and in some cases poor facilities, it is no wonder that cargo transporters are looking further west.

It is unfortunate that the present coalition government is dead against the privatization of public services, even though it had no qualms about handing over the airports to a private sector partner.

If the state does not have a vision for shipping and is not prepared to do anything about the ports as it also seems to have difficulty finding suitable or friendly partners for marinas, then perhaps the time has come for the two main ports to be privatized while keeping the Ports Authority as a regulator and not an operator.

Source: Financial Mirror
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