Thursday Jul 24, 2014 Search
Weather | Athens
32o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Troika begins review of bailed-out Cyprus

International lenders on Wednesday began their third assessment of the Cyprus economy to see if Nicosia is upholding its obligations under a bailout accord struck last March.

Cyprus has successfully completed two similar reviews by the so-called troika of lenders.

The latest examination will run two weeks and focus on bank restructuring, the planned privatization of state assets and how to deal with nonperforming loans.

The central bank said troika technocrats, who will be on the island until February 12, started their mission with “general discussions” on the financial sector.

They will also meet in coming days with officials from the major banks and the cooperative banking movement, which is undergoing a 1.5-billion-euro restructuring process.

Nicosia has said it will stick to the bailout agenda no matter how unpopular it is, but the troika will also look at revenue-raising measures and how effective they have been.

A survey released on Wednesday by the University of Cyprus estimated the economy contracted 5.5 percent in 2013 – lower than the troika’s forecast of 7.7 percent – and that it will continue to shrink by 5.4 percent in 2014.

[AFP]

ekathimerini.com , Wednesday Jan 29, 2014 (19:52)  
Eurozone bonds yields rise on strong data, dulling QE prospects
PPC approves $243 million wind investment in Greece
No property transactions for tax evaders
IOBE warns crisis will return if reforms are not implemented
Presidential election will not lead to snap elections, Samaras tells ND deputies
Prime Minister Antonis Samaras has told New Democracy MPs that he does not think Greece will go to snap elections early next year over the election of a new president. Speaking off the recor...
Medical assistance for Acropolis visitors
Visitors to the Acropolis in Athens as of Thursday will benefit from emergency medical assistance following the dispatch of a medical private to the ancient site. The move follows a request ...
Inside News
TRACK & FIELD
Athens, the Marathon capital of the world for good
Paco Borao, the man who restored Athens as the Marathon capital of the world with the establishment at the Olympic Sports Center of the headquarters of the International Association of Marat...
TRACK & FIELD
Pole vault record on same day as three doping cases
Greek track and field had a mixed weekend, as on the same day as Katerina Stefanidi matched the national record in pole vault as well as the leading result in Europe so far this season, thre...
Inside Sports
COMMENTARY
When evaluation is seen as useless
The reactions toward the government’s plans for an evaluation of public sector workers are completely unsurprising. Civil servants – and not just the unions that represent them – abhor the m...
EDITORIAL
Playing the good guy
There is a part of the government that is striving to fulfill the commitments that Greece has undertaken toward its foreign creditors, most of which pertain to reforms that are absolutely es...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Eurozone bonds yields rise on strong data, dulling QE prospects
2. PPC approves $243 million wind investment in Greece
3. Presidential election will not lead to snap elections, Samaras tells ND deputies
4. Medical assistance for Acropolis visitors
5. Samaras and Venizelos meet amid internal strife within coalition
6. Efforts continue on Crete to find ´Sifis´ the crocodile
more news
Today
This Week
1. Quadriplegic woman on life support 'dies due to unpaid power bills'
2. Democracy 'retreated' during crisis, says Papoulias
3. Family of deceased woman on life support says application for 'special status' had been filed with PPC
4. Efforts continue on Crete to find 'Sifis' the crocodile
5. Samaras and Venizelos meet amid internal strife within coalition
6. Medical assistance for Acropolis visitors
Today
This Week
1. The cost of excellence
2. Ex-Credit Suisse banker taps lesson for Greek rebound
3. Greece seen in third bailout as bonds not enough, economists say
4. Climber dies in Mount Olympus fall
5. Greek banks able to tap investors after stress tests, HFSF Says
6. Greek sovereign debt at 174.1 percent of GDP in first quarter
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.