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Quality construction and contemporary design Office, Limassol
€3,060,000
Quality construction and contemporary design
3 Bedroom House-Villa in Kato Deftera Detached House, Nicosia
€190,000
3 Bedroom House-Villa in Kato Deftera
Luxurious Ground floor 3bed Ground floor apartment, Nicosia
€450,000
Luxurious Ground floor 3bed
Three Bedroom Luxury House in Agios Epifanios Detached House, Nicosia
€1,500,000
Three Bedroom Luxury House in Agios Epifanios
Your Dream House...On a floor! Apartment, Nicosia
€270,000
Your Dream House...On a floor!
One bed on a modern high end building! Apartment, Nicosia
€128,000
One bed on a modern high end building!

Cyprus makes Cyta privatisation move

Cyprus makes Cyta privatisation move
The Finance Ministry has prepared a legislative draft as well as a proposal outlining regulatory guidelines that will denationalise Cyprus Telecommunications Authority (Cyta). The two draft proposals were sent to the Cyta board on Monday night as well as to the relative unions representing the workers at the semi-governmental organisation. Cyprus has been attempting to sell a stake in Cyta as part of a sweeping privatisation programme that was part of an EU/IMF bail-in in 2013. In the first phase, the bill calls for the creation of a successor company that – pending a date issued by a cabinet decree – will be a private entity tasked with running the authority. Finance Minister Harris Georgiades had previously stated that his government was struggling to find suitors to take over Cyta. “We are finding it difficult (to privatise Cyta)…”, Georgiades said at an event at the London School of Economics. “But we will have another go.” Unions, along with opposition party Akel, have opposed the move to privatise Cyta as it will mean that it will operate under private laws and will force the government to a surrender a large chunk of its stake to private investors. Cyta workers had threatened…

1 month ago

FEATURED FOR RENT

Office, Nicosia
€790 Per month
City Center Modern office space
Detached House, Larnaca
€1,500 Per month
Prime Villa for Sale/Rent in Pervolia-Larnaca
Detached House, Nicosia
€3,000 Per month
DETACHED 5 BEDROOM HOUSE FOR RENT IN STROVOLOS
Apartment, Nicosia
€1,250 Per month
Beautiful three bedrooms flat surrounded by parks
Apartment, Nicosia
€450
Fully furnished right next to UNIC
Apartment, Nicosia
€750 Per month
Featured Modern Prestigious 2bed/Furn. on demand


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