{"id":15308,"date":"2011-07-14T13:28:05","date_gmt":"2011-07-14T11:28:05","guid":{"rendered":"https:\/\/mamchenkov.net\/wordpress\/?p=15308"},"modified":"2011-07-14T13:28:05","modified_gmt":"2011-07-14T11:28:05","slug":"vasilikos-power-station-is-gone-tough-times-for-cyprus-ahead","status":"publish","type":"post","link":"https:\/\/mamchenkov.net\/wordpress\/2011\/07\/14\/vasilikos-power-station-is-gone-tough-times-for-cyprus-ahead\/","title":{"rendered":"Vasilikos power station is gone. Tough times for Cyprus ahead"},"content":{"rendered":"\n

Cyprus Mail<\/a> reports that Vasilikos power station was completely destroyed by the explosion. \u00a0But we already sort of knew that. \u00a0The questions were more along the line of “What now?”. \u00a0Cyprus Mail provides some good analysis as to how this will affect Cyprus in the nearest future.<\/p>\n

However the cost of this explosion does not just affect in terms of rebuilding, compensating and repairing. The dynamic effects on companies will ensure a return to deep recession, especially if you factor in the effects of the electricity crisis is having in Cypriot companies. The electricity shortage causes three devastating blows to our economy: reliability, capability and cost.<\/p>\n

The lack of reliability in electricity provision is a great drag to the economy. Already power cuts are taking place and sadly it seems that since our electricity system is operating at full capacity the authorities have not been able to announce when and where such cuts should occur. As a result business are already suffering from lost labour time, repairing software and hardware issues relating to cuts, and an ever greater need for technical support, all in a period where the focus has been to cut costs and thus remain competitive with other European companies.<\/p><\/blockquote>\n

Read the full article for more.<\/p>\n\n","protected":false},"excerpt":{"rendered":"\n

Cyprus Mail reports that Vasilikos power station was completely destroyed by the explosion. \u00a0But we already sort of knew that. \u00a0The questions were more along the line of “What now?”. \u00a0Cyprus Mail provides some good analysis as to how this will affect Cyprus in the nearest future. However the cost of this explosion does not … Continue reading Vasilikos power station is gone. Tough times for Cyprus ahead<\/span><\/a><\/p>\n\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_links_to":"","_links_to_target":""},"categories":[1,22],"tags":[250,1968,1593,1447],"keyring_services":[],"class_list":["post-15308","post","type-post","status-publish","format-standard","hentry","category-general","category-cyprus","tag-analysis","tag-business","tag-economy","tag-energy"],"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":16203,"url":"https:\/\/mamchenkov.net\/wordpress\/2012\/04\/04\/power-cut\/","url_meta":{"origin":15308,"position":0},"title":"Power cut","author":"Leonid Mamchenkov","date":"April 4, 2012","format":false,"excerpt":"Most of Cyprus experienced a major power cut today. \u00a0Cyprus Mail reports that it was due to a malfunction at Dhekelia power station. A malfunction at the Dhekelia power station in the early morning hours caused a major power failure, which affected most of the island. The Electricity company (EAC)\u2026","rel":"","context":"In "All"","block_context":{"text":"All","link":"https:\/\/mamchenkov.net\/wordpress\/category\/general\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/mamchenkov.net\/wordpress\/wp-content\/uploads\/2012\/04\/Power-cut-500x280.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":15300,"url":"https:\/\/mamchenkov.net\/wordpress\/2011\/07\/11\/explosion-at-cyprus-naval-base\/","url_meta":{"origin":15308,"position":1},"title":"Explosion at Cyprus naval base","author":"Leonid Mamchenkov","date":"July 11, 2011","format":false,"excerpt":"I woke up earlier than usual today. \u00a0It was hot and my air condition wasn't working for some reason. \u00a0It turns, the power was gone. \u00a0 Not just my apartment or building. \u00a0Driving through the city to work, I saw a number of traffic lights not working. \u00a0People at work\u2026","rel":"","context":"In "All"","block_context":{"text":"All","link":"https:\/\/mamchenkov.net\/wordpress\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15474,"url":"https:\/\/mamchenkov.net\/wordpress\/2011\/09\/06\/a-lesson-in-geography-perhaps-mr-president\/","url_meta":{"origin":15308,"position":2},"title":"A lesson in geography perhaps, Mr.President?","author":"Leonid Mamchenkov","date":"September 6, 2011","format":false,"excerpt":"Cyprus Mail does an extensive coverage of the explosion investigation (several articles, I'm only linking to the one I quote). \u00a0The President of Cyprus,\u00a0Dimitris Christofias, was also questioned and gave a few statements. \u00a0Some of his words are rather unbelievable. Christofias also denied it was him who decided where to\u2026","rel":"","context":"In "All"","block_context":{"text":"All","link":"https:\/\/mamchenkov.net\/wordpress\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16726,"url":"https:\/\/mamchenkov.net\/wordpress\/2012\/09\/19\/cyprus-public-transport-is-in-trouble\/","url_meta":{"origin":15308,"position":3},"title":"Cyprus public transport is in trouble","author":"Leonid Mamchenkov","date":"September 19, 2012","format":false,"excerpt":"It's been only a couple of years since I blogged about Limassol joining the rest of the world with a rebirth of its public transportation system. \u00a0And now Cyprus Mail reports that it's on the edge of being dead and over. Again. PUBLIC transport is faced with collapse, a top\u2026","rel":"","context":"In "All"","block_context":{"text":"All","link":"https:\/\/mamchenkov.net\/wordpress\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18096,"url":"https:\/\/mamchenkov.net\/wordpress\/2013\/04\/27\/shipping-to-save-cyprus-president-says\/","url_meta":{"origin":15308,"position":4},"title":"Shipping to save Cyprus, President says","author":"Leonid Mamchenkov","date":"April 27, 2013","format":false,"excerpt":"Cyprus Mail reports: PRESIDENT Nicos Anastasiades yesterday invited the shipping sector to play a leading role in the recovery of the economy. Anastasiades was speaking at the 24th Annual General Meeting of the Cyprus Shipping Chamber in Limassol where he said the industry had not been affected overall by the\u2026","rel":"","context":"In "All"","block_context":{"text":"All","link":"https:\/\/mamchenkov.net\/wordpress\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12354,"url":"https:\/\/mamchenkov.net\/wordpress\/2010\/03\/30\/minimum-salary-in-cyprus\/","url_meta":{"origin":15308,"position":5},"title":"Minimum salary in Cyprus","author":"Leonid Mamchenkov","date":"March 30, 2010","format":false,"excerpt":"Living and working in Cyprus, I am often asked by people from other countries what are salaries like in Cyprus.\u00a0 I never had a good answer to the question, because the answer depends a lot on the company you'll be working for and your position.\u00a0 Even the range for the\u2026","rel":"","context":"In "All"","block_context":{"text":"All","link":"https:\/\/mamchenkov.net\/wordpress\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/mamchenkov.net\/wordpress\/wp-json\/wp\/v2\/posts\/15308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mamchenkov.net\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mamchenkov.net\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mamchenkov.net\/wordpress\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mamchenkov.net\/wordpress\/wp-json\/wp\/v2\/comments?post=15308"}],"version-history":[{"count":0,"href":"https:\/\/mamchenkov.net\/wordpress\/wp-json\/wp\/v2\/posts\/15308\/revisions"}],"wp:attachment":[{"href":"https:\/\/mamchenkov.net\/wordpress\/wp-json\/wp\/v2\/media?parent=15308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mamchenkov.net\/wordpress\/wp-json\/wp\/v2\/categories?post=15308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mamchenkov.net\/wordpress\/wp-json\/wp\/v2\/tags?post=15308"},{"taxonomy":"keyring_services","embeddable":true,"href":"https:\/\/mamchenkov.net\/wordpress\/wp-json\/wp\/v2\/keyring_services?post=15308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}