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Posted By: Kwacka

From the link in the first post:

On his first day in the job and asked about possible privatisations, Sarris said many state or semi-state organisations were not really in a position to be privatised. He suggested it would be easier to attract a strategic investor for an organisation like CyTA, which could help Cyprus in its effort to get out of its current predicament.




Posted By: Kwacka

Sarris gives nod to CYTA privatisation
Sarris said many state or semi-state organisations were not really in a position to be privatised.
That is, "many state/semi-state organisations make a loss. The tax-payer will continue to fund them. Those that make a profit will be sold off.

Posted By: devil

Isn't it far too early to speculate what is likely or not likely to transpire? I doubt whether anyone here has an ear open to Sarris' pffice, to his senior advisors' offices or to the troika. It would therefore be wise not to try double-guessing the future.

Posted By: geoffreys

Looks like Bubblechris's fears might be realised, and his warnings! I said all along that the new President would be bad news when it comes to the economy. Geoff

Posted By: devil

  • Kwacka wrote:
    From the link in the first post:

    On his first day in the job and asked about possible privatisations, Sarris said many state or semi-state organisations were not really in a position to be privatised. He suggested it would be easier to attract a strategic investor for an organisation like CyTA, which could help Cyprus in its effort to get out of its current predicament.

1. This is still speculation.
2. It takes a buyer as well as a seller to privatise a large organisation. CYTA is far too small to be of interest to big boys like Verizon or Orange and far too big for the smaller operators. They already have a tie-in with Vodafone, and it is doubtful whether they would want to take a bigger stake.
3. Although negotiations of this nature appear to the public to be ministerial, they are really conducted by civil servants. Experience has shown that they are recalcitrant to even vaguely rocking applecarts (cf. Qatari development of land opposite the Hilton, Chinese deal for old airport etc.), Cyprus is for the Cypriots!
4. Do you have a crystal ball? Without it, you speculate!

Posted By: devil

  • geoffreys wrote:
    Looks like Bubblechris's fears might be realised, and his warnings!
    I said all along that the new President would be bad news when it comes to the economy.
    Geoff

Please explain what you mean by 'bad news'. Anything that would help to reduce the country's debt burden is excellent news and, if in the unlikely event of the above speculation were to come about, knocking a billion or so off would save the taxpayer 50 million/year. Or would you prefer we pay that to bolster Communist ideology?

Posted By: Dave B

  • devil wrote:
    I doubt whether anyone here has an ear open to Sarris' pffice,

I d'know - I saw him on BBC Hardtalk - seemed like a smart fella there. :bwink:
If we can't speculate or second guess "to the Devil with you!"

Posted By: bubblechris

  • devil wrote:
    • geoffreys wrote:
      Looks like Bubblechris's fears might be realised, and his warnings!
      I said all along that the new President would be bad news when it comes to the economy.
      Geoff

    Please explain what you mean by 'bad news'. Anything that would help to reduce the country's debt burden is excellent news and, if in the unlikely event of the above speculation were to come about, knocking a billion or so off would save the taxpayer 50 million/year. Or would you prefer we pay that to bolster Communist ideology?

Where's the sense in selling off one of the semi Govermental organisations that works efficiently and makes a profit? What's the point of raising a low amount at times of crisis when profits are satisfactory sand could be even more if the organisation was rationalised?
Short term gain long term loss.
Why would any sane person do this when around the corner in the not too far distant future there are billions going to be coming into the coffers.
Remember what happened to BT and the Gas Utilities and the Water and Electric Utilities? Are you saying they were wise to sell them off when they did?





Posted By: Stabilo

Bubblechris, Did you read the Facebook comments on the Cyprus Mail article? Everyone sees it differently to you.

Posted By: bubblechris

  • Stabilo wrote:
    Bubblechris,
    Did you read the Facebook comments on the Cyprus Mail article?
    Everyone sees it differently to you.

I regularly read the comments on both that right wing rag and the Fam gazette. They are mainly extremists and some of the comments are ridiculous and childish to the extreme.

Posted By: Tangutica

Isn't it only natural for people to 'speculate' after a govt change? And as Kwacka was posting about something he'd read - he was hardly speculating.

Posted By: devil

  • Tangutica wrote:
    Isn't it only natural for people to 'speculate' after a govt change? And as Kwacka was posting about something he'd read - he was hardly speculating.

The article was, as befits a right-wing rag! Even IF Sarris or his advisors finds a potential buyer, that is not a done deal. In the meanwhile it ill becomes us, who KNOW NOTHING, to SPECULATE.

Posted By: Tangutica

  • devil wrote:
    • Tangutica wrote:
      Isn't it only natural for people to 'speculate' after a govt change? And as Kwacka was posting about something he'd read - he was hardly speculating.

    The article was, as befits a right-wing rag! Even IF Sarris or his advisors finds a potential buyer, that is not a done deal. In the meanwhile it ill becomes us, who KNOW NOTHING, to SPECULATE.

OK Devil, quit with the shouting (capitals) we should all obviously do what you tell us to do then?
Can't see that working!

Posted By: geoffreys

  • devil wrote:
    • geoffreys wrote:
      Looks like Bubblechris's fears might be realised, and his warnings!
      I said all along that the new President would be bad news when it comes to the economy.
      Geoff

    Please explain what you mean by 'bad news'. Anything that would help to reduce the country's debt burden is excellent news and, if in the unlikely event of the above speculation were to come about, knocking a billion or so off would save the taxpayer 50 million/year. Or would you prefer we pay that to bolster Communist ideology?

See Post No. 8 from Bubblechris, I have nothing much to add to his comments other than I would worry what price they would sell it for!
In any case such a move would not tackle the underlying problems of the Cyprus economy. You can only sell off CYTA once, they need to sort out the other problems like over-paid Public Servants, crazy double or triple pensions for SOME Public servants who have switched Depts, 13th Month Salaries, COLA Allowances, gravey trains.......etc etc.
Geoff


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