Brussels, 20/07/2015 (Agence Europe) - The European Commission has welcomed the efforts of Cyprus towards its budgetary objectives, but notes a certain slow-down in the reforms in the financial services and privatisation sector, in its sixth monitoring report, published on Monday 20 July, on the implementation of the adjustment programme the island is applying in exchange for support under the European Stability Mechanism (ESM).
The Commission states that the budgetary objectives for 2014...