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[Cyprus Times] Industrial areas, RES fund, Registrar of Companies discussed by the Energy Committee

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Industrial estates, the Renewable Energy Fund and a cap on fines in relation to the submission of the annual report to the Registrar of Companies, among other issues, were discussed by the Parliamentary Trade Committee on Tuesday.

Among other things at the meeting of the Parliamentary Committee on Commerce and Industry, the debate continued on the debate on a bill jointly tabled by the Committee, which seeks to enact legislation to cregulate the election of a management committee in any industrial or manufacturing development.

As stated by DPA - Co-operation MP Michael Yakoumi, the proposed regulation is deemed necessary for the purposes of effective representation and better management of the affairs of each industrial or craft development, mainly to prevent and address any problems that may arise in it.

"I listened very carefully to the concerns raised by the Ministry of Energy, Commerce, Industry and Tourism and the Association of Municipalities, I believe that these concerns can be overcome, because the real benefits with this regulation are much more," he said.

He added that industry and crafts in a country is the backbone of the economy and expressed hope that initiatives such as this proposed law will pave the way for the state, the government to support the productive sectors of the economy and invest in crafts, industry and the people involved in these sectors.

The MP of the EPP Ilias Mirianthous a

referred to the conclusion of the debate on the proposed law concerning the reduction of the fine for submitting the annual report to the Registrar of Companies, with a reduction to 150 euros of the maximum fine from 500 euros for the next two years. He said he submitted the relevant law proposal on behalf of the EPP along with DIKO MP Panicos Leonidou and Ecologists MP Stavros Papadouris. He said that the Committee unanimously came up with this law proposal which will go to the next session for positioning and then to the plenary for voting.

For his part, the MP of the Ecological Movement for Citizens' Co-operation Stavros Papadouris referred to the discussion in the Committee of the amendments concerning the operation of the Renewable Energy Sources Fund. He said that he had tabled two amendments. The first, which he tabled together with Committee Chairman Kyriakos Hatzigiannis, concerns the return from the state's fixed fund to the Renewable Energy Fund of an amount from the auctioning of gas emissions. This amount, he said, should then be transferred as an incentive to consumers. The committee, he added, gave the right to incorporate this amendment into the bill.

The second amendment tabled, Papadouris said, gives an organized consumer association the ability to serve as a permanent member of the Renewable Energy Fund Management Committee for purposes of transparency and good stewardship.



At the same time, he criticized the behavior of the relevant ministries, because while two months ago they asked for the data from 2010 to 2021 of all amounts paid for the purchase of emissions and their return to the fixed fund of the state and whether they have been given as incentives to consumers, they sent them the data only last night, stating that they are considered as unofficial and given with reservations.

Source: CNA


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