Concrete company blocks Paphos mall in pay dispute Updated

first_imgConcrete company Athinodorou Beton blocked access to the Kings Avenue Mall in Paphos on Saturday, protesting non-payment of concrete supplied in the construction of the mall.According to director Christos Athinodorou, the company is owed €1.4 million for concrete supplied, in addition to €1.5 million relating to capital the company sunk into the mall as a junior partner.He said his company is in dire straits due to these outstanding dues, which the consortium that owns the mall dispute, and is at risk of stopping payments.“The mall will resume normal operations once we are paid,” Athinodorou said.“Our view was that this business was ours, too, so we sunk a lot of money in it – we worked below cost. Unfortunately we are owed a lot of money and we are at risk of insolvency, which is why we are staging this protest.”The Cypriot courts, Athinodorou added, will make a ruling on the dispute but it would take several years, making it like “transfusing blood to a patient after death”.“We will wait for a reaction,” he said.“We just want to take our money and stay in business.”The Mall’s management said the commercial centre is operating as normal.Director Stathis Mavrommatis acknowledged, however, that the 30 cement-mixer trucks blocking access have caused inconvenience to the public, forcing shoppers to park at a distance.However, Mavrommatis refused to discuss the details of the dispute, noting that the case is in court and will be resolved by the justice system.The consortium is challenging the amount owed to the cement company and has commissioned quantity surveyors to establish what it says are the true dues.But the protest had little immediate effect other than inconveniencing the public, as the cement company was forced to withdraw its trucks shortly after noon when police stepped in.Following the intervention of Paphos police chief Nicos Pentaras, the trucks returned to the company’s cement factory, with the two sides agreeing to engage in dialogue in an attempt to settle their differences out of court.You May LikeLuxury Crossover SUV I Search AdsThese SUVs Are Leading The Pack. Research 2019 Luxury Crossover SUV DealsLuxury Crossover SUV I Search AdsUndoYahoo SearchEarly Signs Of Type 2 Diabetes. Learn About Treatments & Symptoms. Search Type 2 Diabetes TreatmentsYahoo SearchUndoLiverMD | SupplementTop Doctor Recommends Liver Health SolutionLiverMD | SupplementUndo Concern over falling tourism numbersUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoOur View: Argaka mukhtar should not act as if he owns the beachUndoby Taboolaby Taboolalast_img

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