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06.02.2014 - 10: 07

"Troika" agreed with the postponement of the privatization

"Troika" of international creditors responded positively to the request of the Cypriot government to extend the time interval for the implementation of the legal and institutional framework related to the privatization of parastatals.

According to the Cyprus News Agency, the matter was discussed during the meeting of Finance Minister Haris Georgiadis with a delegation of the "troika" in the presence of the Minister under President Konstantinos Petridis. In accordance with the revised Memorandum, institutional and legal framework governing the privatization of parastatals (CyTA, Electrical control of Cyprus and the Cyprus Ports Authority) should have been completed by the end of January this year. However, according to Georgiadis, the program will be held during February.

A source:

Tags: Privatization, Economy