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23rd Apr

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Featured Modern Luxury 2 story house Penthouse, Nicosia
€520,000
Featured Modern Luxury 2 story house
Luxurious 3 bedroom apartment in Nicosia Apartment, Nicosia
€450,000
Luxurious 3 bedroom apartment in Nicosia
An apartment to call HOME Apartment, Nicosia
€330,000
An apartment to call HOME
Luxurious House right opposite Park Detached House, Nicosia
€410,000
Luxurious House right opposite Park
FOR SALE SUPER LUXURY MAISONETTE 2 BED Apartment, Nicosia
€280,000
FOR SALE SUPER LUXURY MAISONETTE 2 BED
Luxurious furnished 2bed apartment Apartment, Nicosia
€270,000
Luxurious furnished 2bed apartment

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
€12 Per square metre
Modern building available for rent
Detached House, Larnaca
€2,500 Per month
Three Bedroom House in Dekelia For Rent
Detached House, Nicosia
€5,000 Per month
4 Bedroom Luxury House at Makedonitissa
Office, Nicosia
€8,400 Per month
Large office space at Nicosia entrance off highway
Apartment, Nicosia
€1,250 Per month
Impressive Top floor 2bed at Strovolos
Detached House, Nicosia
€3,000 Per month
Luxurious Villa of 6 bedrooms in Ayia Varvara


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