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Athens Macedonian News Agency: News in English, 17-01-11
CONTENTS
[01] Kotzias to meet with Anastasiades in Geneva on Wednesday evening
[02] PPC and Larco agree on a 27 pct discount on electricity tariffs
ending deadlock
[01] Kotzias to meet with Anastasiades in Geneva on Wednesday evening
GENEVA (ANA/ N. Papadimitriou) - Cyprus President Nicos Anastasiades
and Turkish Cypriot leader Mustafa Akinci exchanged maps detailing
the respective zones' boundaries, during their talks in Geneva on
Wednesday. The maps will now be examined in detail by the land registry
officials to decide whether the proposal of the other side is within
the framework of the recent agreement.
"The exchange of maps constitutes a milestone in the history of Cyprus,"
the Cypriot leader tweeted. "We continue with consistency our effort to
meet the expectations of the Cypriot people."
Arriving in Geneva late on Wednesday, Foreign Minister Nikos Kotzias had
a brief meeting with Anastasiades at the hotel where the Greek delegation
is staying. The two officials, along with Cypriot Foreign Minister Ioannis
Kasoulides, will continue talks over a working dinner this evening.
[02] PPC and Larco agree on a 27 pct discount on electricity tariffs
ending deadlock
Power utility PPC agreed on Wednesday on a 27 percent discount over
tariffs charged to big industries for its second biggest client, the
state-owned general mining and nickel producer Larco, in a long-standing
dispute which has left the miner with unpaid bills totaling hundreds
of millions of euros.
According to the agreement, Larco will receive an extra 11 percent if
it pays its bills on time and transfer to PPC the right to collect
accumulated arrears towards Larco. The miner will be considered a
consistent customer if it manages to repay at least three million euros
every month between January and August 2017. Any additional debts will
be divided in 16 tranches, starting on September 2017.
The agreement follows numerous negotiations over several years between
different boards of the two companies regarding the settlement of
Larco's debts.
The deal will be submitted for approval to PPC's board meeting on Thursday
and will cover the period from 2016 to the end of 2020. The arrears of
the period 2010-2015, for which a decision of an arbitral tribunal is
pending, will be settled within the year.
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