Arab Today, arab today cypriot parliament endorses privatisation bill
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

Cypriot parliament endorses privatisation bill

Arab Today, arab today

Arab Today, arab today Cypriot parliament endorses privatisation bill

Nicosia - XINHUA

The Cyprus parliament passed a key bill on privatization of state-owned companies on Tuesday, which was originally rejected six days ago. The government brought about several amendments to the legislation to make it acceptable to lawmakers of the Democratic Party, the former ruling partner which pulled out in disagreement on certain issues. After a three-hour debate in parliament, 29 lawmakers voted in favor of the bill and 26 against. The approval of the bill, which was mandatory under a bailout memorandum concluded with the Eurogroup and the International Monetary Fund in March last year, is expected to clear the way for the release of the next tranche of loan money amounting to 236 million euros (324 million U.S. dollars). The Eurogroup is scheduled to decide on releasing the money on March 10. The bill is a roadmap for privatizing several state-owned enterprises, mainly telecommunications, electricity and ports. Cyprus was accorded 10 billion euros in bailout assistance in March 2013 in exchange for reforming its oversized banking system, winding down its second largest lender, recapitalizing its main bank with depositors' money via a bail-in and selling off extensive bank networks in Greece. (1 euro = 1.37 U.S. dollars)

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cypriot parliament endorses privatisation bill Arab Today, arab today cypriot parliament endorses privatisation bill

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cypriot parliament endorses privatisation bill Arab Today, arab today cypriot parliament endorses privatisation bill

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday