Minister of Finance Kikis Kazamis has reiterated the government’s readiness to
boost the capital base of Cypriot banks, noting that the government has prepared
a comprehensive action plan in cooperation with the Central Bank of Cyprus.
He also expressed confidence in the Board of Directors of Cypriot Banks,
noting that the action plans which have been prepared to boost their capital
base are realistic.
Kazamias noted in a speech, read out by the Ministry
of Finance Director of Financing and Investments, during a Seminar in Nicosia,
Kazamias stressed that the economic crisis has affected the Cypriot economy and
especially its growth rate, especially in the sectors of constructions and
tourism
