Gesy not facing financial problems, says chairman

Gesy is not facing financial problems, chairman of the HIO Stavros Michael said on Monday after meeting in Nicosia with Akel secretary-general Stefanos Stefanou.

Michael, whose organisation oversees the running of Gesy, said the system’s reserves remain above internationally recommended levels and dismissed claims that Gesy’s sustainability is at risk, which were raised at a previous House committee meeting.

“The issue of sustainability does not arise,” he said, adding, “that the priority now is not survival...