Cyprus Mail

Busy day for troika

A busy day awaits Delia Velculescu (l) and her colleagues

The Troika mission (European Commission, European Central Bank and the IMF) continues its meetings on Wednesday in the context of the second review of the Cypriot adjustment programme.

A number of meetings concerning public finances and structural changes will be held at the Planning Bureau, while meetings on the banking sector will be held at Central Bank.

Troika technocrats are meeting with Auditor General Chrystalla Georghadji and technocrats from the Labour Ministry. Troika experts will also meet with officials from the Finance Ministry and the Central Bank of Cyprus (CBC).

Analysts from the Bank of Cyprus will later discuss with Troika technocrats the Bank’s macroeconomic forecasts (unemployment, growth rate, inflation), on the basis of which the Bank determines its projections on the non performing loans. A meeting will be held on the future of the economy, in the presence of members of the Institute of Certified Public Accountants of Cyprus (ICPAC).

Around midday, Troika technocrats and technocrats from the Ministries of Finance, Commerce and Communications will discuss privatisation of semi governmental organizations.

Technocrats from the Finance Ministry and the Central Bank will then brief the Troika delegation on issues related to the Financial Framework, while at the same time in another meeting a Troika team will discuss macroeconomic developments with delegations from the Cyprus Employers and Industrialists Federation and the Cyprus Chamber of Commerce and Industry and technocrats from Ministry of Finance and Central Bank.

In the afternoon, Troika technocrats will discuss with officials from the Finance Ministry and the Statistical Service the social welfare system in Cyprus.

In a separate meeting, the Troika mission will discuss the action plan on tourism with a delegation from Cyprus Tourist Organisation and officials from the Ministries of Commerce, Communications and Finance.

Late in the afternoon, a meeting on issues of health and the General Health System will be held in the presence of officials from the Ministry of Health, the Health Insurance Organisation and the Ministry of Finance.

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