Government admits some co-op properties were sold, defying promises

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Government admits some co-op properties were...
 © CyprusMail 2019
THE government on Thursday admitted the sale-for-cash of certain properties belonging to the now-defunct co-operative bank, but also said it has put an end to the practice.

Speaking in parliament, finance minister Harris Georgiades said that on January 31 this year the cabinet decreed the establishment of a technical committee, tasked with cataloguing and valuing all the real estate formerly owned by the Cyprus Cooperative Bank (CCB).

As of that date, he added, the sale of CCB properties has ceased.

By April, Georgiades said, the government...


This article was automatically added to our system 7-3-2019

Government admits some co-op properties were sold, defying promises


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Article Tags: government, admits, properties, defying, promises,