Cyprus News Agency: News in English, 13-07-26

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From: The Cyprus News Agency at <http://www.cyna.org.cy>

CONTENTS

[01] Capital Controls in Cyprus remain unchanged

[02] Auditor General discusses semi-governmental organisations issues

with Troika

[03] Cyprus will not change its energy plans because of Ankara, Defence

Minister says

[04] Bank deposits decrease by €5.32 billion in June

[01] Capital Controls in Cyprus remain unchanged

Hence, the maximum amount of cash withdrawal cannot exceed €300 daily per natural person or €500 daily per legal person, in each credit institution or the equivalent of these amounts in foreign currency, whereas the cashing of cheques is prohibited.

Furthermore, cashless payments or transfers of deposits/funds to accounts held in other credit institutions within the Republic up to €15,000 per month per natural person in each credit institution regardless of the purpose are permitted, while in case of a legal person (company) the permitted cashless payments or transfers of deposits/funds reach €75,000 regardless of the purpose.

[02] Auditor General discusses semi-governmental organisations issues with Troika

In statements to the press after the meeting Georghadji said that she had a frank discussion with the Troika representatives.

A number of questions were put on the table as regards the Audit Office's experience and recommendations to reduce expenditure of large semi-governmental organisations and their ability to collect the amounts of money owed to them, she added.

Georghadji further noted that the Troika delegation told her they will be in touch at all times with her office.

[03] Cyprus will not change its energy plans because of Ankara, Defence Minister says

He added that Cyprus will go on with its plans, since energy-related mattes fall within the Republic's sovereign rights, which Nicosia will not abolish.

[04] Bank deposits decrease by €5.32 billion in June

According to figures released by the Central Bank of Cyprus, domestic resident deposits reached €34.96 billion reduced by €2.56 billion compared with May 2013, whereas deposits of residents of other Eurozone member states reached €2.69 billion from 3.33 billion euro in May, and deposits from residents coming from third countries (non EU countries) registered a reduction of €2.13 billion to €13.03 billion.

General government deposits decreased at €367.1 million compared with €445.1 million in May.

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