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29th May

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FEATURED FOR SALE

Luxurious Detached House with pool Detached House, Nicosia
€1,200,000
Luxurious Detached House with pool
Brand New Modern Apartments for Sale Apartment, Nicosia
€155,000
Brand New Modern Apartments for Sale
6 Bedrooms Modern Detached House in GSP area Detached House, Nicosia
€990,000
6 Bedrooms Modern Detached House in GSP area
An attractive residential investment! Detached House, Limassol
€1,800,000
An attractive residential investment!
Featured Ground floor 3bed in Strovolos Ground floor apartment, Nicosia
€290,000
Featured Ground floor 3bed in Strovolos
3 BEDROOM WHOLE-FLOOR APARTMENT FOR SALE OR RENT Apartment, Nicosia
€430,000
3 BEDROOM WHOLE-FLOOR APARTMENT FOR SALE OR RENT

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…

2 months ago

FEATURED FOR RENT

Detached House, Nicosia
€2,500 Per month
New luxurious House placed in Strovolos area
Apartment, Nicosia
€1,500 Per month
3 Bedroom apartment in Acropolis
Office, Nicosia
€15 Per square metre
High End Prestigious Office in Excellent Location
Detached House, Nicosia
€2,500 Per month
New luxurious House placed in Strovolos area
Office, Nicosia
€15 Per square metre
Newly developed Business center near city center
Office, Nicosia
€1,500 Per month
Office in Engomi closed by Ministry of Defense


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