29.09.2022

  • The European Commission’s competition watchdog will be looking at the government’s recent action to deposit €2.5bn to the co-op bank through the issuance of bonds, it emerged on Thursday.

  • “The Commission is in touch with the Cypriot authorities about the issue,” a spokesman told the Cyprus News Agency.

  • The Directorate-General for Competition will decide whether the move constitutes state aid.

  • Finance Minister Harris Georgiades told MPs on Wednesday that it was lawful state aid that the government must justify.

19/04/18 17:10

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EU watchdog looking at state’s €2.5bn co-op deposit

The European Commission’s competition watchdog will be looking at the government’s recent action to deposit €2.5bn to the co-op bank through the issuance of bonds, it emerged on Thursday. “The Commission is in touch with the Cypriot authorities about the issue,” a spokesman...

Cyprus Mail ·

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