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Cyprus News Agency: News in English, 11-08-26

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] FINANCE MINISTER - ECONOMY

  • [01] FINANCE MINISTER - ECONOMY

    Cyprus Finance Minister Kikis Kazamias assured Friday that the islands finances are not at risk in the near future and the government is continuing contacts to bring more cash into the states coffers.

    He told reporters during a press conference that Cyprus was capable of meetings its obligations to foreign lenders.

    ``I refute that sources of funding for the state have dried up. It`s a fact that there is a comparably more adverse situation than what existed in recent years .. but I want to emphasise right now the state is not running any risk as far as its liquidity position is concerned,`` Kazamias told reporters.

    He was speaking as the House of Representatives was scheduled to discuss Friday afternoon the first package of austerity measures which includes seven bills aiming at fiscal consolidation. The 750 million euro austerity package aims at tackling the country`s deficit,


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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