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FEATURED FOR SALE

Spacious furnished 2bed in Engomi Apartment, Nicosia
€130,000
Spacious furnished 2bed in Engomi
Stunning one-bedroom apartment for sale Apartment, Nicosia
€0
Stunning one-bedroom apartment for sale
LUXURIOUS AND MODERN APARTMENT IN AGIOS ANDREAS Apartment, Nicosia
€340,000
LUXURIOUS AND MODERN APARTMENT IN AGIOS ANDREAS
Fabulous full floor 3 bed apartment Apartment, Nicosia
€420,000
Fabulous full floor 3 bed apartment
Bright, central , rennovated office space for rent Office, Nicosia
€220,000
Bright, central , rennovated office space for rent
Brand New 2013 Apartment, Nicosia
€180,000
Brand New 2013

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
€15 Per square metre
High Tech, Energy efficient Modern Building
Detached House, Larnaca
€1,500
PERVOLIA LUXURY VILLA BY THE SEA
Upper level house, Nicosia
€1,200 Per month
LUXURY DUPLEX 4 BEDROOM APARTMENT FOR RENT
Detached House, Nicosia
€2,600 Per month
FURNISHED ON DEMAND LUXURY VILLA IN 1848 SQ M LAND
Detached House, Nicosia
€1,700
BEAUTIFULLY RESTORED TRADITIONAL HOUSE, KAIMAKLI
Office, Nicosia
€4,800 Per month
Office in Engomi, Nicosia


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