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Cyprus News Agency: News in English, 12-03-04

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

From: The Cyprus News Agency at <>


  • [01] Government ready to support Cypriot banks

  • [01] Government ready to support Cypriot banks

    Minister of Finance Kikis Kazamis has reiterated the government’s readiness to boost the capital base of Cypriot banks, noting that the government has prepared a comprehensive action plan in cooperation with the Central Bank of Cyprus.

    He also expressed confidence in the Board of Directors of Cypriot Banks, noting that the action plans which have been prepared to boost their capital base are realistic.

    Kazamias noted in a speech, read out by the Ministry of Finance Director of Financing and Investments, during a Seminar in Nicosia, Kazamias stressed that the economic crisis has affected the Cypriot economy and especially its growth rate, especially in the sectors of constructions and tourism

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