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FEATURED FOR SALE

Luxury 4 bed detached Villa for sale	Detached House, Larnaca
€1,390,000
Luxury 4 bed detached Villa for sale
Large office space at an excellent price Office, Nicosia
€800,000
Large office space at an excellent price
Stunning three-bedroom apartment for sale Apartment, Nicosia
€0
Stunning three-bedroom apartment for sale
Beautiful luxury villa with seaviews in Limassol Detached House, Limassol
€3,530,000
Beautiful luxury villa with seaviews in Limassol
Old traditional house of four bedrooms Detached House, Nicosia
€340,000
Old traditional house of four bedrooms
Beautiful Detached House For Sale in Psimolofou Detached House, Nicosia
€450,000
Beautiful Detached House For Sale in Psimolofou

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

Apartment, Nicosia
€3,300 Per month
Modern 3+1 Bed Penthouse in the Heart of Engomi
Building, Nicosia
€3,000 Per month
Exclusive commercial building available for rent
Office, Nicosia
€10 Per square metre
Modern and functional continues office space
Detached House, Nicosia
€3,500 Per month
Beautiful Detached House For Rent in Devtera
Detached House, Nicosia
€4,000 Per month
*House 4 bedroom for rent in Lakatamia
Office, Nicosia
€1,270 Per month
Perfect city center office location


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