EBRD ready to take part in Cyta privatisation
The European Bank of Reconstruction and Development (EBRD) stands ready to take part in the privatisation of the Cyprus Telecommunications Authority (Cyta), an EBRD official...
privatisations
Our View: No hope that latest Cyta plan will attract investors
IN ONE way, the persistence shown by finance minister Harris Georgiades in his effort to change the legal status of Cyta is admirable. In another,...
Georgiades scores Eurogroup victory as EU takes back recommendations
Finance minister Harris Georgiades said that the euro area’s finance ministers have accepted Cyprus’s position that the government doesn’t need to take additional fiscal measures,...
Port budget discussion focuses on ‘failure’ of privatisations
The House finance committee on Monday wrapped up the discussion of the 2017 budget for the Cyprus Ports Authority (CPA), amid criticism from opposition MPs...
Port officials called to account over Limassol privatisation
Lawmakers on Wednesday grilled Cyprus Ports Authority (CPA) officials as to the situation at Limassol port after its commercial operations were privatised. MPs posed a...
Little done to reduce private, public debt, reform economy, EU Commission says
Cyprus continues to experience “excessive economic imbalances” after it made limited progress in implementing structural reforms which could have helped address them, the European Commission...
Auditor says minister wrong to drop penalties in port contracts
Auditor general Odysseas Michaelides said that Transport Minister Marios Demetriades largely ignored an advice of the Audit Office to include deterrent penalties and guarantees in...
AKEL considers new privatisation funds vote as Larnaca port deadlock looms
Transport Minister Marios Demetriades warned on Monday that the parliament’s decision to cut funds for consultancy services for privatisations may affect the long-awaited development of...
Finance minister mulls compensating bailed-in depositors with coop shares
Finance minister Harris Georgiades said that the government is considering compensating depositors affected by the bail-in in 2013 with shares in the Cooperative Central Bank....
CyTA’s loss-making Greek arm up for sale
CyTA Hellas, the state telecom’s wholly-owned subsidiary in Greece, has been put on the block for sale. The decision, published in the government gazette, notes...
