Qatar, other suitors interested in Larnaca marina

Qatar, other suitors interested in Larnaca marina

Interest in Larnaca’s marina and port remains high despite the divorce between the Government and Kition Ocean Holdings. The Emir of Qatar has shown interest in the project, along with other suitors within the country. The proposal to separate the project and focus on the marina has gained ground, with the Government open to discussions and forming a working group to expedite the process. The Larnaca Municipality demands greater involvement in the project’s future, with plans for a committee to conduct a techno-economic study. The matter will be discussed in the House Transport Committee, and the Ministry of Transport will take over the management of the marina.

Kition workers rehired by state after Larnaca port takeover

Kition workers rehired by state after Larnaca port takeover

Workers at Kition Ocean Holdings, operator of the Larnaca marina and port concession, will be rehired by the state, securing 70 jobs just before the next mayoral and European elections.

MP calls for scooters to be banned

MP calls for scooters to be banned

– Scooters must be banned if no active measures are taken to ensure their safe circulation.
– The legislation states that the driver must be 14 years and up to ride a scooter.
– The driver must wear a protective helmet and a fluorescent vest after dark.
– Scooters are permitted to travel on bicycle lanes, roads with a maximum limit of 30km, or where allowed by authorities.
– Municipalities must take the law seriously to deter illegal use or consider a complete ban.

Geri Olympics kick off with promises for national strategy

Geri Olympics kick off with promises for national strategy

A national strategy to support the elderly is set to launch by September.

When the ballot box speaks, it will be too late

When the ballot box speaks, it will be too late

The political scene in Cyprus is currently lacking substance and meaningful discourse as the election approaches on June 9. Major parties are focusing on internal rivalries and ideological confrontations, neglecting important issues for discussion. The failure to address societal problems and engage in coherent political discourse is leading to voter alienation and a rise in support for options offering hollow populism and better marketing through social media.

AI is set to take all the jobs – who will pay our taxes?

AI is set to take all the jobs – who will pay our taxes?

– Schindlers Attorneys is a prestigious South African law firm that has embraced AI technology to assist with legal preparation.
– The AI engine drafted submissions for a real court case in under 30 seconds, which were successful in court.
– The use of AI in highly skilled professions like law may lead to widespread employee replacement across various industries.
– The speed of AI development may lead to rapid displacement of human workers without enough time for retraining or reassignment.
– Employers are driven by profit and competition, leading them to replace humans with AI for increased efficiency.
– The potential mass unemployment due to AI advancements raises concerns about tax revenue and government funding.
– The formalization of national income tax may face challenges if there are fewer jobs for humans to generate tax revenue.

Confusion reigns in lead up to next month, ’s elections

Confusion reigns in lead up to next month, ’s elections

There are more than 7,000 candidates running in the upcoming EU and local government elections in Cyprus. Voters will have to choose among 12 political party combinations and independent candidates. The ballot papers are printed in different colors to help voters differentiate between the various elections. Two communities did not have candidates, and others did not meet the required number of candidates for community council members, so a new date will be set for those elections.

Government taking away passports from dozens of investors

Government taking away passports from dozens of investors

Cypriot authorities are revoking the citizenship of 68 investors and 165 dependents next week due to criminal offenses pending against them. Among those affected are individuals from China, Russia, and India. The decision to strip citizenship was made based on information provided by Interpol regarding various criminal charges, such as fraud and bribery, that carry significant prison sentences. The individuals have the right to appeal the decision with the Independent Authority on Citizenship Debarment.

Thai hospital says 43 people from Singapore Airlines flight still under treatment

Forty three people remain hospitalized in Bangkok four days after a Singapore Airlines flight hit severe turbulence. Seven patients are in intensive care at Samitivej Srinakarin hospital, including three Australians, two Malaysians, one British, and one New Zealander. 22 patients have spinal cord injuries and six have brain and skull injuries, but none are life-threatening. One passenger died of a suspected heart attack during the incident.

Moody, ’s upgrades Cyprus outlook to positive

Moody, ’s upgrades Cyprus outlook to positive

Moody’s upgraded the outlook on the government of Cyprus to positive from stable, reflecting confidence in strong fiscal and debt outcomes. Moody’s anticipates that Cyprus will continue to achieve significant fiscal surpluses, projected at around 2.3-2.4 percent of GDP for 2024-25. Finance Minister Makis Keravnos stated that the government will continue to responsibly support economic activity to ensure growth and employment while maintaining healthy public finances.