Brussels, 04/03/2014 (Agence Europe) - On Tuesday 4 March, the Cypriot parliament approved the new privatisation law by 30 to 26. This is one of the two preconditions laid down by Eurogroup on Monday 10 March for the disbursement of aid of €150 million from the European Stability Mechanism, in theory at the beginning of April.
The draft bill will privatise the national port authority and telecom operator by 2016 and the Cypriot electricity company by 2018, and was rejected by the chamber...