Haris Georgiades
Cyprus to fully repay IMF loan in 2020
Following the repayment of the 2.5 billion dollars Russian loan this year, the government has indicated that it is also planning for the early repayment of the debt to the International Monetary Fund.
- Read more about Cyprus to fully repay IMF loan in 2020
- Log in to post comments
Cyprus to repay Russian loan early
Cyprus is considering the issuance of a new bond to repay part of the Russian loan. Back in 2011 Cyprus sought Russian assistance at a time when it had no access to financial markets, as Demetris Christofias's government was trying to avoid requesting a bailout from the EU and the IMF.
- Read more about Cyprus to repay Russian loan early
- Log in to post comments
Stop the Brexit clock, Cyprus FinMin tells Bloomberg
"We should stop the clock on Brexit, take a pause, postpone the exit," Cyprus Finance Minister Haris Georgiades said Tuesday in an interview with Bloomberg in Brussels.
"'Considering where we are; we fully respect the Brexit decision but exiting without a deal, without an arrangement is unthinkable," Georgiades said.
Cyprus gov’t spending to rise only 0.6 pct in 2015
The Cypriot Parliament has adopted a government budget that envisions an increase in spending of only 0.6 percent.
The budget forecasts state revenue of 5.928 billion euros compared with 5.952 billion euros in 2014, with spending of 6.660 billion euros.
The House of Representatives approved the tight spending plan late Tuesday by a vote of 29-26.
- Read more about Cyprus gov’t spending to rise only 0.6 pct in 2015
- Log in to post comments
Cyprus said to canvass ECB on debt swap easing bank burden
Nikos Chrysoloras & Georgios Georgiou
Cyprus wants to start talks with the European Central Bank on a debt swap that would ease the burden on the countrys largest lender, two people familiar with the discussions said.
Troika sees shallower than expected recession in Cyprus
By Michele Kambas
International lenders anticipate a shallower recession in Cyprus this year as private consumption continued to drive the economy, authorities said on Saturday, holding out the possibility of an earlier than envisaged return to international markets.