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Cyprus News Agency: News in English, 13-07-19

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

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


CONTENTS

  • [01] Cyprus to grant one casino license
  • [02] Cyprus considers setting up investment bank

  • [01] Cyprus to grant one casino license

    The Council of Ministers decided to grant one license for an integrated casino resort, Government Spokesman Christos Stylianides announced, adding that the licensing procedure will start immediately on a "fast-track" basis.

    "The Council of Ministers decided to grant one license for the creation of an integrated casino resort in Cyprus," he said in statements following the meeting. He said the position for a casino resort is based on a detailed study carried out by an international firm, commissioned by the government.

    [02] Cyprus considers setting up investment bank

    Cyprus is considering the possibility to set up an investment bank aiming at attracting possible German assistance to Cyprus, Government Spokesman Christos Stylianides has said.

    Noting that there are examples such as Spain where following German financial assistance a special bank has been established to service a German loan with favourable terms and particularly interest rate and repayment period, Stylianides added that "the government is ready to examine all possibilities.


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