Cyprus News Agency: News in English, 13-10-23

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

CONTENTS

[01] John Hourican appointed new CEO of the Bank of Cyprus Group

[02] Defence Minister thanks Hungary for supporting Cyprus in challenging

times

[03] Economist proposes protection of borrowers against interest rate

hikes

[01] John Hourican appointed new CEO of the Bank of Cyprus Group

The board said the appointment was one of its fundamental priorities.

John Hourican was appointed Chief Executive, Markets & International Banking of the Royal Bank of Scotland (RBS) in January 2012 having served as Chief Executive of its predecessor, Global Banking & Markets, since October 2008.

[02] Defence Minister thanks Hungary for supporting Cyprus in challenging times

"On this symbolic day we join Hungarian friends everywhere in the world to honour the courage, sacrifice and vision of the patriots who have fallen for the independence and freedom of Hungary", he said.

Fotiou added that "this special day provides me the opportunity to reiterate the sound level of relations existing between our two countries".

[03] Economist proposes protection of borrowers against interest rate hikes

In statements to CNA, Zachariades, who clarifies that the positions he expresses are personal, notes that what he refers to is balancing the market rather than intervening.

He points out that a possible legislative intervention, which would impose a cap on loan interest rates could create "great problems".

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