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Industrial areas, RES Fund, maximum fine in relation to the submission of the annual report to the Comptroller of Companies and expressed concern about the impact of sanctions on Russia in the Parliamentary Committee on Trade, on Tuesday. & nbsp;
Among other things, the discussion on the draft law, jointly submitted by the Commission, continued at the meeting of the Parliamentary Committee on Trade and Industry, with the aim of enacting legislation to regulate the election of a management committee in any industrial or craft development.
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As stated by the MP of DIPA – Cooperation Michalis Giakoumis, the proposed regulation is considered necessary, for reasons of effective representation and better management of the cases of any industrial or craft development, in order to prevent and address any problems that arise in it.
“I listened very carefully to the concerns raised by the Ministry of Energy, Trade, Industry and Tourism as well as the Union of Municipalities, I believe that & nbsp; these concerns can be overcome, because & nbsp; the real & nbsp; “The benefits with this arrangement are much greater,” he said.
He added that industry and handicrafts in a country are the backbone of the economy and expressed the hope that initiatives such as this bill will pave the way for & nbsp; the state, the state to support the productive sectors of the economy and to invest in handicrafts, industry and the people who work in these sectors.
EDEK MP Elias Myrianthous referred to the completion of the debate on the bill to reduce the fine when submitting the annual report to the Comptroller of Companies, with a reduction to 150 euros of the maximum fine from 500 euros for the next two years. As he said the relevant bill was submitted & nbsp; on behalf of EDEK together with the Member of Parliament for DIKO Panikos Leonidou and the Member of Parliament for Ecologists Stavros Papadouris. He said that the Commission unanimously came up with this bill which will go to the next session for a position and then to the Plenary for a vote.
For his part, the MP of the Movement of Ecologists – Citizens' Cooperation Stavros Papadouris referred to the discussion in the Committee of the amendments concerning the operation of the Renewable Energy Fund. He stated that he had tabled two amendments. The first, submitted together with the Chairman of the Commission Kyriakos Hatzigiannis, concerns the return from the permanent fund of the state to the RES fund of an amount from the auction of gas emissions. That amount, he said, should then be transferred as incentives to consumers. The committee added that it gave the right to incorporate this amendment in the bill.
The second amendment submitted, said Mr. Papadouris, gives the possibility to an organized consumer association to be a permanent member in the Management Committee of the Fund RES, for purposes of transparency and good handling.
At the same time, it worsened the behavior of the competent ministries, because while two months ago they asked to give us the data from 2010 to 2021 of all the amounts that have been paid for the purchase of pollutant emissions and their return to the fixed fund of the state and whether they have been given as incentives to consumers, sent them the data just last night, stating that they are considered informal and given & nbsp; with reservation.
Concern over the impact of sanctions on Russia was expressed in the Parliamentary Committee on Energy
The debate on the impact on Cypriot companies from sanctions imposed on Russia over the war in Ukraine was opened by the Parliamentary Committee on Energy and Trade, with the first analysis focusing mainly on the impact on tourism.
Deputies referred & nbsp; to the great losses from the tourist markets of Russia and Ukraine, but also the general effects on the businesses of Russian interests in Cyprus but also on the large Russian community of more than 40,000 people permanently residing on the island.
On behalf of the Ministry of Finance, Lucy Mouscou referred to data that show an 80-90% recovery of tourism in 2022 and said that according to them, support for tourism at this stage is not justified. He noted that the recovery is due to the fact that some & nbsp; hotel units have adjusted their model to replace tourists from other alternative markets and it would not be fair to support & nbsp; companies that did not look for alternative markets. He added that the government has supported & nbsp; with measures beyond & nbsp; two years the tourism sector. He also said that especially for the province of Famagusta, arrivals are expected to reach 60-70% of 2019.
The Chairman of the Committee, MP Kyriakos Hatzigiannis, in his statements after the meeting of the & nbsp; Committee said that the problem that is expected to arise from the sanctions against & nbsp; Russia is big and is expected to affect many companies and companies with some of them leading to closure. He added that this is a very unpleasant development and the state should definitely assess and measure the problem and see how to send requests to the European Commission to ensure the viability of businesses, especially tourism affected by the closure. of ethers, while some companies were completely dependent on these markets. He called for decisions based on a detailed study and forwarded to the European Commission and the European Central Bank.
AKEL MP Costas Costa stated that the sanctions will negatively affect the Cypriot economy. In addition to the fact that, as he mentioned, Cyprus has lost more than one million tourists, unfortunately many large companies of Russian interests are closing, mainly in Limassol, with the result that hundreds lose their jobs, the economy is affected and the state loses revenue. He recalled the wrong decision of the banks in the first days of the war, to block & nbsp; the bank accounts of all Russians living and working in Cyprus, which created serious problems for their families, while some moved their operations outside Cyprus. & Nbsp; He added that it is the duty of the Government to request an exemption from some of the sanctions imposed by the EU, as other Member States have done. Cyprus follows all sanctions against Russia, however, as he said, we are called to find the golden section, since some countries have found some small windows that will help protect their economy. On the other hand, he said Cyprus must follow all sanctions if it really wants to support the Ukrainian people. He expressed the hope that some information from the executive will come before them in the next session.