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Wednesday, 20 November 2024
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Cyprus News Agency: News in English, 13-12-19Cyprus News Agency: News in English Directory - Previous Article - Next ArticleFrom: The Cyprus News Agency at <http://www.cyna.org.cy>CONTENTS
Minister says [01] Framework for attracting foreign investments needs to improve, Minister saysCyprus' institutional framework for attracting and facilitating foreign investments must improve, Minister for Energy, Commerce, Industry and Tourism Giorgos Lakkotrypis said on Thursday.The Minister met this morning with UK investors, in the framework of an initiative called "Breakfast with the Minister". The initiative was organized by Cyprus Investment Promotion Agency (CIPA), in cooperation with the British High Commission and the Cyprus-UK Investment Association. [02] ECOFIN agrees its position on the single resolution mechanismAfter negotiations that lasted 12 hours Europe's Finance Ministers, during the ECOFIN meeting agreed on one of the main pillars of the future banking union - the single resolution mechanism (SRM) regulation.The SRM will consist of a resolution authority (board) and a single resolution fund. Its aim is to ensure the orderly resolution of failing financial institutions with minimal impact on the taxpayer and the real economy. The development is regarded as an important step for the Eurozone, as the close monitoring of the European banking system by the European Central Bank is expected to restore the banks' confidence between them. Cyprus News Agency: News in English Directory - Previous Article - Next Article |
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