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25th Mar

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FEATURED FOR SALE

Supreme detached villa for sale in Montparnasse Detached House, Nicosia
€2,000,000
Supreme detached villa for sale in Montparnasse
Deluxe 2 bed Apartment at Strovolos area Ground floor apartment, Nicosia
€255,000
Deluxe 2 bed Apartment at Strovolos area
Featured 3bed flats in the heart of the city Apartment, Nicosia
€365,000
Featured 3bed flats in the heart of the city
Beautiful Listed House in the heart of city Semi Detached House, Nicosia
€350,000 Per month
Beautiful Listed House in the heart of city
Classy Penthouse with roofgarden Apartment, Nicosia
€730,000
Classy Penthouse with roofgarden
RESALE 4 BEDROOM VILLA IN AGIOS ATHANASIOS	Detached House, Limassol
€2,200,000
RESALE 4 BEDROOM VILLA IN AGIOS ATHANASIOS

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…

4 days ago

FEATURED FOR RENT

Office, Nicosia
€950 Per month
All new nice office space in center
Detached House, Nicosia
€3,500 Per month
Spacious Unique character for the demanding ones
Ground Floor Level House, Nicosia
€2,500 Per month
MODERN GROUND FLOOR HOUSE IN EGKOMI FOR RENT
Office, Nicosia
€12 Per square metre
Prime Office space in Engomi
Office, Nicosia
€4,500 Per month
Ground floor Office space Ideal for bank
Office, Nicosia
€4,800 Per month
Whole floor with excellent view


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