{"id":9028,"date":"2014-02-28T10:18:00","date_gmt":"2014-02-28T10:18:00","guid":{"rendered":"https:\/\/portstrategy.nfdtesting.uk\/greenport\/2014\/02\/28\/cyprus-privatisation-bill-fails\/"},"modified":"2026-08-27T14:47:56","modified_gmt":"2026-08-27T13:47:56","slug":"cyprus-privatisation-bill-fails","status":"publish","type":"post","link":"https:\/\/www.portstrategy.com\/greenport\/news\/europe\/cyprus-privatisation-bill-fails\/","title":{"rendered":"Cyprus privatisation bill fails"},"content":{"rendered":"<p>Entitled Denationalisation Law of 2014, the Bill was rejected by parliament yesterday (27 February 2014), much to the joy of workers, who have been striking <a href=\"http:\/\/www.portstrategy.com\/news101\/world\/europe\/cypriot-privatisation-struggle-turns-ugly\" target=\"_blank\">this week<\/a> in opposition to the privatisation plan.<\/p>\n<p>But things could get worse for Cyprus since the Bill was a key part of a \u20ac10bn deal with the EU and International Monetary Fund to help the struggling country. It could now mean that the next bailout of \u20ac235m is in jeopardy.<\/p>\n<p>Media reports state that the Cyprus government will re-submit the Bill after making some amendments.<\/p>\n<p>Ports workers and others from semi-government organisations, namely the Electricity Authority (ECA) and Telecommunications Authority (CyTA), are worried the plan to privatise ports in 27 months time will result in job losses.<\/p>\n<p>Strikes have so far resulted in heavy losses for shipping companies, importers and exporters. It is understood several ships have had to be diverted away from Limassol as a result of the troubles causing delays of one week in import deliveries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Bill to privatise Cyprus\u2019 ports has been thrown out by parliament, leaving the country at risk to further downfall.<\/p>\n","protected":false},"author":8,"featured_media":9029,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"sponsor":[],"class_list":["post-9028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/9028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=9028"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/9028\/revisions"}],"predecessor-version":[{"id":9030,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/9028\/revisions\/9030"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/9029"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=9028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=9028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=9028"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=9028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}