articles | 27 April 2018

Finance Minister calls for the acceleration of the completion of EU's banking and capital markets' union

The integration of the EU banking union and the association of capital markets were the two main issues on the agenda of the EU's 28 Finance Ministers meeting held in Sofia, Bulgaria, Finance Minister Haris Gerogiades has said, stressing the need to accelerate the pace on both these directions.

Georgiades on the sidelines of the meeting that "the completion of the banking union involves pressure, difficulties and is demanding, especially for a country such as Cyprus where the banking system is still burdened by the mistakes and omissions of the past. "We believe that with the completion of the banking union, a confidence-building environment will be created also for Cyprus and that is precisely why we are working in this direction and we are fully aligned with the joint effort to complete the European banking union," the Minister said.

Source: CNA

Cooperation Partners
  • Logo for Cyprus Shipping Chamber
  • Logo for Invest Cyprus
  • Logo for Association of Cyprus Banks
  • Logo for Cyprus Investment Funds Association
  • Logo for CYFA Cyprus
  • Logo for Cyprus Chamber of Commerce and Industry
  • Logo for Cyprus International Businesses Association
  • Logo for Love Cyprus Deputy Ministry of Tourism
  • Logo for Ministry of Energy, Commerce, Industry and Tourism