Economy category powered by

EIB Vice President in Cyprus for two loan agreements for CUT

Vice President of the European Investment Bank (EIB) Kyriacos Kakouris will be heading a delegation paying Cyprus an official visit on Friday, 20 September, during which two loan agreements will be signed. 

A press release by the Ministry of Finance says the first loan agreement between the Republic of Cyprus and the European Investment Bank will be for the amount of €108 million for the implementation of a number of projects of the Cyprus University of Technology (CUT) in Limassol. These include the construction of student residences and sports infrastructure, the upgrading of various academic and research facilities, the construction of a photovoltaic park and the implementation of various digitisation projects.

The second loan agreement will be between the Municipality of Paphos and the European Investment Bank in the amount of €17 million for the construction of CUT student residences and sports facilities in Paphos.

(Source: CNA)

Read More

US delays higher tariffs but announces new rates for some nations
Highest midday power demand of the year anticipated to have been this week, official data show
Christodoulides: New natural gas discovery in EEZ reaffirms Cyprus’ energy potential
President to hold teleconference with ExxonMobil this afternoon
Shipping Deputy Minister Marina Hadjimanolis on official visit to London
Thirteen bounced cheques totaling €28,296 registered in June
Eurobarometer: Cyprus citizens have a positive perception of the impact of EU regional policy
Makis Keravnos to chair Eurogroup in Brussels, during which new President will be elected
CBC: In May consumer credit interest rate drops to 6.77%,
Results at Pegasus target to be revealed today, 7 July, Energy Minister says