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The government on Wednesday clinched a deal with Larnaca port and marina workers who were fired by Kition Ocean Holdings. Talks lasted for four hours in a marathon session meeting between Labour Minister Yiannis Panayiotou, Transport Minister Alexis Vafeades and union reps. It ensures 72 workers who were dismissed from…
NICOSIA (Reuters) - Cyprus has scrapped a 1.2 billion euro ($1.30 billion) concession agreement for the development of Larnaca port, in a legal wrangle that the state and the contractor traded blame for on Monday. Operator Kition Ocean Holdings hel...
The termination of the contract for the development of the Larnaca port and marina was widely expected. There had been a loss of trust which led to a complete breakdown in communication between the contractor Kition Ocean Holdings and the government, making termination of the contract inevitable. The final straw…
The Cypriot government assumed control of Larnaca Port at midnight on Tuesday, following the termination of a 1.2 billion euro investment deal with Kition Ocean Holdings.The Deputy Government Spokesman, Yiannis Antoniou, said the transition was smooth, with the Cyprus Port Authority (CPA) now overse
Police in Larnaca on Tuesday are investigating an incident of shots being fired at the front windows of a local coffee shop. According to police spokesman Christos Andreou, the perpetrator fired three to four shots at around 9.30pm last night while patrons were present at the establishment, however, at the…