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Cyprus News Agency: News in English, 13-06-01

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] Laiki Special Administrator obtains interim orders for freezing

    of assets

  • [02] Restrictive measures unchanged for a second week in a row
  • [03] Commissioner Oettinger notes Cyprus' EU energy role
  • [04] One more foreign bank exempted from capital restrictions
  • [05] Cyprus transport sector down by 5.6% in January-March 2013

  • [01] Laiki Special Administrator obtains interim orders for freezing of assets

    Special Administrator of Laiki Bank, Andri Antoniades, has obtained, under her general mandate, interim orders against Andreas Vgenopoulos, Efthimios Bouloutas, Kyriakos Magiras and Marfin Investment Group Holdings SA, a Central Bank of Cyprus press release issued here on Friday says.

    According to the press release, interim orders consist of imperative orders for the global freezing of assets totalling €3.79 billion against Vgenopoulos and Bouloutas and €1.5 billion against Magiras.

    They also include orders for the disclosure of all the assets of the three aforementioned individuals as well as orders prohibiting Marfin Investment Group Holdings SA from making any payment or transfer in favour of the three aforementioned individuals.

    [02] Restrictive measures unchanged for a second week in a row

    The Ministry of Finance issued on Friday the fourteenth decree on capital restrictions maintaining capital controls restrictions on the island`s financial system unchanged for a second week in a row.

    The decree will apply for seven days.

    [03] Commissioner Oettinger notes Cyprus' EU energy role

    The Eastern Mediterranean region is part of the EU's energy map, European Commissioner for Energy Günther Oettinger has said.

    He added that Cyprus may contribute to Europe's energy supply.

    Oettinger was speaking during the 3rd Economist Conference on Energy, in Brussels.

    [04] One more foreign bank exempted from capital restrictions

    The Ministry of Finance issued the fifth decree on foreign banks, exempting BankÌed SAL from the capital restrictions imposed on Cypriot banks.

    After the fifth decree on foreign banks the foreign credit institutions exempted from capital restrictions increase to 15.

    [05] Cyprus transport sector down by 5.6% in January-March 2013

    Cyprus' transport sector declined by 5.6% in the period of January - March 2013, figures released Friday by the Statistical Service show.

    According to the indices compiled by CyStat, Land Transport fell by 5.4% in January - March, sea transport plunged by 52.7%. On the contrary air transport registered a marginal increase by 0.6%.

    The «Postal and Courier activities» turnover value, declined by 10.1%, compared to the corresponding period of 2012.


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