Popular Bank gets support from State

The House of Representatives late last night approved legislation providing for state support to the island’s second largest lender. The item was passed with 43 votes for, none against, and three abstentions.

Popular Bank seeking state aid

THE Popular Bank said yesterday it was in talks with the finance ministry and the Central Bank about state guarantees to raise fresh capital after being battered by the Greek debt write-down.

15 firms to bid for gas drilling rights off Cyprus

Major oil and gas companies such as Russia’s Novatec, Italy’s ENI, France’s Total, and Malaysia’s Petronas are among 15 firms and consortiums that are seeking to carry out exploratory drilling for gas deposits off southern Cyprus, the island’s commerce minister said Friday, despite Turkey’s strong objections.

Cyprus news

Paphos opens first multi level entertainment centre

PAPHOS has opened its doors on the island’s first multi-level entertainment centre, Planet Adventure, with a price tag of around €24 million.

The complex is a dedicated entertainment centre providing 13,000 square metres over six floors full of fun for adults and children.

One of the project owners, George Papageorgiou of Cinemax Entertainment Parks Ltd, told the Sunday Mail: “This project is the first multi-level entertainment centre to open here; there are no shops inside it at all”.

It is hoped the opening of the massive complex will help the economy of Paphos where businesses are closing down almost on a daily basis.

A kids area called ‘Loony Land’ includes a huge play area, a train, bumper cars, a carousel, a theatre, laser games and birthday rooms, slides and a trampoline.

Papageorghiou said: “For the adults, as well as numerous eateries, there is a ten lane bowling area, an arcade, pool tables and 400m2 of Laser Max games.”

And if that isn’t enough to keep you busy, there are seven state-of-the-art Rio Cinemas.

The Cypriot businessman comes from a family which stretches back through three generations of cinema owners.

“We chose Paphos because it is the town which needs a project like this the most,” he said.

The complex is open but due to have an ‘official opening’ this month.

Entrance prices for the activity areas vary and a variety of packages are available, and generally work out at around €5 per person.

Planet Adventure will be open seven days a week. For further information: - www.planetadventure.com.cy


Source: www.cyprus-mail.com
February 13, 2012