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finance ministry market movements

Finance Ministry on alert over potential Bank of Cyprus equity sale

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The Finance Ministry is closely monitoring reports that AB CarVal Investors and Caius Capital may sell their 14.65% stake in the Bank of Cyprus to maintain national ownership, rejecting any acquisition by Greeklinked interests. Market movements suggest significant implications for Cyprus’ financial stability and ownership structures, prompting legislative discussions about foreign direct investment regulation and potential regional banking dynamics.

finance ministry audit office

Controversy Over State Officials’ Allowances

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The controversy over state officials’ allowances has escalated, with former officials like George Vassiliou and Nicos Anastasiades not required to return secretarial funds despite audit discrepancies. Calls for changes in the allowance system to ensure transparency and prevent potential misuse of state resources are growing amidst the debate.

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