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EARLY RUSSIA LOAN REPAYMENT CONFIRMED BY CYPRUS FINANCE MINISTER

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Harris Georgiades, the island country’s Finance Minister has confirmed the Cypriot government’s ahead-of-schedule partial repayment of a 2.5 billion-euro Russian loan going back to 2012. The Minister was speaking during the ninth Nicosia Financial Conference, where he made the confirmation of the same.

The Minister expressed his gratitude to Russia, explaining how Cyprus has been grateful of Russia’s help, but have since become stronger and now rely on their own strength.

The CAN says that the repayment has started, with Cyprus paying Russia two instalments annually; the outstanding is currently at 1.57 billion euros.

 

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The Cypress Observer is your online news source for current events across the country of Cyprus. We strive to bring you the latest news, updates and current events from across the region with a major focus on politics and business.

Recent Posts

  • AZIZ SANCAR IS NOW A CITIZEN OF TURKISH CYPRUS
  • INDIA TO REPORTEDLY SUPPLY HIGH-END MISSILES TO CYPRUS
  • TWO DEAD AND LARGE-SCALE EVACUATIONS EXECUTED DUE TO CYPRUS WILDFIRES
  • SHIP-BOUND PATIENT TAKEN TO HOSPITAL BY AIR
  • CYPRUS DAILY NEWS FOUNDER ARRESTED

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