Very quickly, an workplace of the European Funding Financial institution will function in Cyprus.
The settlement was reached, in the present day, in Luxembourg, throughout a gathering between the Minister of Finance, Makis Keravnos, and the President of the Financial institution, Nadia Calvinos.
Mr. Keravnos acknowledged that this is a vital second for Cyprus, stating that on this approach the Cypriot financial system might be served quicker and extra effectively, and all doable technical assist might be provided within the execution of co-financed tasks.
The workplace of the worldwide banking group might be quickly housed within the Ministry of Finance, till the place the place will probably be housed is chosen.
The Minister of Finance thanked Mrs. Calvino, underlining that in her determination she took into consideration the long-standing cooperation of the European Funding Financial institution with the Republic of Cyprus.
Supply: Radio RIK
PAS/MH
