The Cabinet will examine the situation, following the rejection of the privatizations’ draft bill by the Parliament, during Friday’s extraordinary Cabinet meeting, Government Spokesman Christos Stylianides says in a written statement.
According to Stylianides, the ultimate goal is to reverse unpleasant developments and keep the country’s economic recovery and stabilization on course.
As CNA learns, a meeting took place at the Presidential Palace, following the bill’s rejection earlier on Thursday.
The meeting under President Nicos Anastasiades was also attended by Finance Minister Harris Georgiades, Foreign Minister Ioannis Kasoulides, Interior Minister Socratis Hasikos, Government Spokesman Christos Stylianides and Under Secretary to the President Constantinos Petrides.
The privatization of semi-state organisations is one of the preconditions set in Cyprus’ bailout agreement with international lenders (European Commission, ECB, IMF).