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Progress in talks between Nicosia and the troika

Talks between the government of Cyprus in Nicosia and representatives of its international creditors on the financial sector concluded on Friday and negotiations on the fiscal front got under way with the aim of reaching a conclusion over the weekend.

Sources say that the disbursement of the next bailout tranche, amounting to 186 million euros, will depend on three factors: the voting on the regulations for the Fiscal Council, the voting on the law for the composition of the Streamlining Authority, and the submission of a report to the Organization for Economic Cooperation and Development (OECD) by the end of the month regarding the action taken over the last six months to combat money laundering.

ekathimerini.com , Friday May 16, 2014 (21:01)  
Tax rate cut in catering sector has paid off
Improvement in VAT collection
Just two banks seen to require more capital
Solidarity levy extended to 2016 in bid to meet targets
Clocks to go back 1 hour on Sunday
Clocks will go back an hour on Sunday, from 4 a.m. to 3 a.m., as Eastern European Summer Time (EEST), or daylight saving time, ends. ...
Woman killed in tram accident in Floisvo, south of Athens
An unidentified woman was killed by an oncoming tram in the Athens coastal area of Floisvo early on Friday morning. Fire service workers were dispatched to the scene of the accident to raise...
Inside News
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
BASKETBALL
Greens succumb to first loss at Bayern
Panathinaikoss unbeaten run in all competitions came an end on Thursday as the Greek champion lost 81-75 at Bayern Munich for the Euroleague. Bayern is a team that improves every year, and ...
Inside Sports
COMMENTARY
Tension for tensions sake?
It is evident that Turkish President Recep Tayyip Erdogan feeds off tension. He would barely have achieved as much as he has and prevailed if he had not been so keen to confront a series...
EDITORIAL
Testing ground
The Regional Authority of Attica is a good testing ground for politicians who appear to thrive on accusations to prove whether they can actually solve major problems of a practical nature. T...
Inside Comment
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1. Clocks to go back 1 hour on Sunday
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3. Panathinaikos snatches point at Eindhoven
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