26/08/2015 13:18
Minister of Finance Haris Georgiades warned of a missed opportunity, both for Cyta, and for the country’s economy, in case the bill for the conversion of the Authority into a private firm is not approved by the parliament.
Speaking after the cabinet meeting, during which the bill for Cyta was approved, Mr. Georgiades said that there will be no fiscal cost regarding the employees of the organization that will be absorbed by the public sector, since, as he said, workers at Cyta are employed by the broader public sector.
The finance minister said that under the provisions of the bill the organization will be modernized and will be able to operate with flexibility to deal with competition.
He noted that a private firm will be established and in twelve months from now the possibility of choosing a strategic partner, who will bring more efficient management and will ensure the prospects of the organization, will be considered.
He assured that the rights of workers are safeguarded, noting that the bills regarding labour issues will be ready in the coming weeks.
Mr. Georgiades said that no worker will be left exposed and emphasized that it their permanence is ensured.
Asked about what will happen if the bill does not pass by the parliament, Mr. Georgiades said it will be a missed opportunity, both for Cyta and for the economy, pointing out that in Cyprus, organizations cannot operate under structures and procedures of past decades.
In Europe, he said, telecommunication organizations ceased to be an extension of the state and were released from the chains of the state.
Mr. Georgiades noted that it will be a great loss not to allow the promotion of reforms.
He stressed that the main objectives of the Government include enhancing the movement of employees, not only of Cyta, but also of other departments of the public service, in departments that have needs.
Speaking after the cabinet meeting, during which the bill for Cyta was approved, Mr. Georgiades said that there will be no fiscal cost regarding the employees of the organization that will be absorbed by the public sector, since, as he said, workers at Cyta are employed by the broader public sector.
The finance minister said that under the provisions of the bill the organization will be modernized and will be able to operate with flexibility to deal with competition.
He noted that a private firm will be established and in twelve months from now the possibility of choosing a strategic partner, who will bring more efficient management and will ensure the prospects of the organization, will be considered.
He assured that the rights of workers are safeguarded, noting that the bills regarding labour issues will be ready in the coming weeks.
Mr. Georgiades said that no worker will be left exposed and emphasized that it their permanence is ensured.
Asked about what will happen if the bill does not pass by the parliament, Mr. Georgiades said it will be a missed opportunity, both for Cyta and for the economy, pointing out that in Cyprus, organizations cannot operate under structures and procedures of past decades.
In Europe, he said, telecommunication organizations ceased to be an extension of the state and were released from the chains of the state.
Mr. Georgiades noted that it will be a great loss not to allow the promotion of reforms.
He stressed that the main objectives of the Government include enhancing the movement of employees, not only of Cyta, but also of other departments of the public service, in departments that have needs.
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