Cyprus economy – a year later

According to an article that was published yesterday in The Economist, the bail-in approach for rescuing the Cypriot economy has failed. Even though the economy has proved more resilient than what it was initially thought, mainly due to tourism from Russia and the business services industry, there are still no indication of when things will […]

CYTA’s alternative proposal to privatization revealed

According to Sigmalive the following proposal was presented as an alternative to privatization to the previous board of directors of CYTA. The proposal is a variant of “sale and leaseback” which according to the source is frequently method of financing companies of high capital growth. The proposal comes as an alternative to selling the whole […]