Cyprus ex­pects to re­store bailout aid flow

Kathimerini English - - Focus -

NICOSIA (Reuters) – Cyprus said yes­ter­day it hopes to re-es­tab­lish a flow of aid from in­ter­na­tional lenders after some is­sues were re­solved in a dis­puted fore­clo­sures bill that lenders de­manded for funds to be re­leased. The Euro­pean Union and In­ter­na­tional Mon­e­tary Fund with­held about 435 mil­lion euros in a new tranche of aid amid le­gal chal­lenges to the bill al­low­ing mort­gage lenders to quickly re­pos­sess prop­er­ties in de­fault. Cypriot Fi­nance Min­is­ter Har­ris Ge­or­giades said he would

Sixty-one com­pa­nies have been delisted from the Greek stock mar­ket since 2008, help­ing to clear out the board. The next stocks to leave the bourse will be Cy­clon, due to its ab­sorp­tion by par­ent company Mo­tor Oil, and Mail­lis, which will be delisted on Novem­ber 18, the Cap­i­tal Mar­ket Com­mis­sion de­cided yes­ter­day.

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