appointment

Kazamias refutes having banking background, responds to president

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Kazamias refutes having banking background, responds to president

Former Minister of Finance Kikis Kazamias responded to comments made by President Nikos Christodoulides, stating that he has never claimed to be a banker but an honest collaborator. Kazamias’ statement was provoked by the President’s reply to criticism from AKEL regarding the appointment of the new governor of the Central Bank of Cyprus. President Christodoulides had pointed out that three Finance Ministers under AKEL’s governance were bankers, prompting Kazamias to clarify his background and highlight his service as the general manager of the Co-operative Savings Bank of Limassol.

Cyprus appoints new ECB member, just in time

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Cyprus appoints new ECB member, just in time

Christodoulos Patsalides was appointed as the new Central Bank Governor of Cyprus, replacing Constandinos Herodotou. Patsalides, a former deputy CEO of the Bank of Cyprus, was sworn in just in time to attend the ECB monetary policy meeting in Frankfurt.

Christodoulos Patsalides sworn in as Central Bank governor

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Christodoulos Patsalides sworn in as Central Bank governor

Fact: Christodoulos Patsalides was sworn in as Central Bank governor by President Nikos Christodoulides.

Property sellers left in limbo by elusive buyers

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Property sellers left in limbo by elusive buyers

Developers in Cyprus can face problems when buyers do not attend appointments to transfer property, leading to the developers being burdened with property taxes and other charges. Developers may have to sue buyers to obtain a court order, which can take years to resolve. Additionally, developers may face issues when existing buyers sell the property to third parties without informing the developer.

Poland holds local elections in test for Tusk

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Poland holds local elections in test for Tusk

Poles are voting in local elections to choose councillors and mayors who will distribute EU funds and show satisfaction with Donald Tusk’s government. Tusk’s pro-European coalition won the parliamentary elections and aims to prevent a return to nationalist rule under the Law and Justice party. The local elections will also indicate the dominance of Tusk’s Civic Coalition in government and will be closely watched in Brussels. Jaroslaw Kaczynski sees the elections as a chance to send a warning to the current government. A second round of mayoral voting will take place on April 21.

Our View: Target date is needed for conclusion of Cyprob talks

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Our View: Target date is needed for conclusion of Cyprob talks

Turkish Cypriot opposition politicians are against the open-ended peace process favored by President Nikos Christodoulides and support a two-state solution. There is no common ground for negotiations, and a target date for completion of talks is necessary for success. The UNSG’s envoy must find common ground urgently to prevent failure.

Valentina Georgiadou appointed as Finance Commissioner

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Valentina Georgiadou appointed as Finance Commissioner

Fact: Valentina Georgiadou has been appointed as the new Financial Commissioner, vacating her previous role as Deputy Financial Commissioner.