Search results

In the last few years a number of industrial catastrophes in the Cypriot manufacturing sector have taken place, resulting in losses of millions of Euro and disrupting the industrial production for days and, in a few cases, weeks and months. In the absence of official (or unofficial) statistics regarding the fire preparedness of small and medium enterprises in terms of policy, training and equipment, the purpose of this paper is to gather information and opinions about the current safety situation in the Cypriot manufacturing sector.

Results from a nationwide survey in Nicosia are presented in this paper. A closed questionnaire concentrating on industrial (manufacturing) premises affected and non‐affected by a previous fire incident was devised and used in a weighted sample of companies. An open questionnaire was employed for interviewing the managers of fire‐stricken companies. Four industrial areas in Nicosia are under investigation in this study and results are presented.

The findings of this paper suggest that although, in general, the safety situation is at a relatively good level, there is room for improvement.

This paper discusses the beliefs of the safety managers in relation to safety in their premises and attempts to create a comparison between their opinion and the existing safety cultures in the Cypriot manufacturing sector.

Every year thousands of acres are burned and a number of people lose their lives in forest fires that increasingly surpass the wild land limit and lead on to touristic, urban areas. By and large, Mediterranean countries rely highly on offering a tourist product based on sea, sun, culture and nature. While the sea and sun are not affected by fire catastrophes, places of cultural and natural beauty are indeed hit; tourists end up being uninformed with no proper guidance from the firefighting authorities. This paper seeks to address these issues.

This paper attempts to highlight the relation between fire catastrophes and tourism development, to identify if and how state authorities take into account tourists in the planning and management of appropriate measures. A comparative study between Greece and Cyprus is presented. A number of interviews with stakeholders on the policy and operational level were conducted and the results and their implications are presented.

Planning and suppression is complicated with a number of actors involved in various stages; national tourism organizations in both countries do not take part in the information or planning process. There is an emerging need for the provision of useful, comprehensive, practical information aimed at tourists.

The findings of the paper are based in a number of interviews with key policy makers as well as key operational commanders. The participation of the above in the policy making as well as operational phase shows a number of limitations. This paper presents a qualitative approach to the subject. A follow‐up quantitative study is already planned.

Lessons learnt from previous catastrophes, in‐depth analysis of the existing “modus operandi” and “rules of engagement” should provide the necessary background for creating new risk‐based, comprehensive, focused communication campaigns.

Safer societies and lower impact on the environment are the main outcomes of a concerted communication campaign. Tourism represents and multiplies the image of the country as a whole to the world; a solution to the problem would offer added value.

The paper is based on a number of in‐depth interviews with actors that took part in the actual handling of the two major catastrophes in Cyprus and Greece. The outcome of the interviews is presented for the first time.

The purpose of this paper is to examine Greek forest fires in August 2007 and statements about terrorism (pyro-terrorism) and the impact on Greek banks stocks.

Event study methodology and market model is used in this paper and data of all Greek bank stocks prices listed in Athens Stock Exchange are analysed, before and after 17 August 2007, which is when forest fires took place in Greece.

Total number of burned acres during a seven-year period, 2000-2006, was 2,530,883, and during only August 2007, burned acres accounted to 2,059,615. The former Minister for Public Order, Vyron Polydoras, stated the fires may be a result of terrorist attacks, as many of the fires started simultaneously and in places where an arsonist could not be seen. The Minister also stated that the country is facing an asymmetric threat, a military term used for terrorist attacks. The findings of event study methodology and market model show that CAARs were slightly negative but not statistically significant and during event date, and average abnormal return (AAR) was slightly positive at 0.0273 per cent. The event caused no influence on the stock market.

Results are important for banking system, compliance and regulatory authorities, justice system and politicians.

The impact of Greek forest fires in August 2007 on Greek banks stocks has not been examined so far.