Cyprus Mail

Troika gets tough on EAC privatisation in latest programme review

By Stelios Orphanides

The troika of the European Commission, the European Central Bank and the International Monetary Fund is insisting on the privatisation of power producer Electricity Authority of Cyprus (EAC) and the adherence to the timetable for privatisations, part of Cyprus’s bailout terms, in order to improve economic efficiency and generate funds to reduce public debt and speed up structural reforms.

Related Posts

Tesla countersues JPMorgan, claims bank sought ‘windfall’ after Musk tweet

Reuters News Service

Bitcoin skids to six-month low as fears over Ukraine shake markets

Reuters News Service

Shopify eases concerns over fulfillment network changes, shares rebound

Reuters News Service

CyTA profits at 13-year high

Elias Hazou

How bad is Lebanon’s economic meltdown?

Reuters News Service

Renault, Nissan, Mitsubishi to unveil 2030 EV plan this week

Reuters News Service