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Cyprus News Agency: News in English, 13-07-19
CONTENTS
[01] Cyprus to grant one casino license
[02] Cyprus considers setting up investment bank
[01] Cyprus to grant one casino license
The Council of Ministers decided to grant one license for an integrated
casino resort, Government Spokesman Christos Stylianides announced,
adding that the licensing procedure will start immediately on a
"fast-track" basis.
"The Council of Ministers decided to grant one license for the creation
of an integrated casino resort in Cyprus," he said in statements
following the meeting. He said the position for a casino resort is based
on a detailed study carried out by an international firm, commissioned
by the government.
[02] Cyprus considers setting up investment bank
Cyprus is considering the possibility to set up an investment bank aiming
at attracting possible German assistance to Cyprus, Government Spokesman
Christos Stylianides has said.
Noting that there are examples such as Spain where following German
financial assistance a special bank has been established to service a
German loan with favourable terms and particularly interest rate and
repayment period, Stylianides added that "the government is ready to
examine all possibilities.
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