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Cyprus News Agency: News in English, 13-03-22

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <>


  • [01] Parliamentary Committee discusses bailout bills

  • [01] Parliamentary Committee discusses bailout bills

    Cypriot lawmakers began Friday the examination of eight bills submitted by the government in the context of the discussions for a financial assistance package from the European Stability Mechanism.

    The bills, which seek to avert a disorderly collapse of the Cypriot financial sector, were submitted following the rejection of a proposed tax levy on banking deposits that would unlock a €10 billion financial assistance package.

    The bills will later be debated by the House plenary that convenes under the extraordinary procedure.

    The Committee examines the introduction of capital controls, in case of a capital outflow, the introduction of an Investment Solidarity Fund that would incorporate future natural gas proceeds, as well as proceeds from the issue of bonds or any other securities by any other company and any other legal person.

    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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