Insider Economy Finance Minister and new CBC Governor to set cooperation on a new...

Finance Minister and new CBC Governor to set cooperation on a new basis

Minister of Finance Harris Georgiades and new Governor of the Central Bank of Cyprus Constantinos Herodotou (CBC) pledged on Tuesday to set their cooperation on a new basis with a view to further promoting financial stability.

Herodotou and Georgiades had their first official meeting today, with the Finance Minister stating that the meeting was not a mere courtesy call but “a substantive working meeting”, adding that their cooperation will enter into a new basis.

“We decided that this cooperation will be systematic, will be constant,” he said, adding that there was big progress in the economy and the banking sector in the last years “but there is still work to be done and in this context we believe that cooperation between the CBC, the government and the Finance Ministry is indispensable.”

Georgiades said the top priority is the even bigger and drastic reduction of non-performing loans that remain in the baking system.

In his remarks, Herodotou said cooperation is necessary for safeguarding financial stability.

Herodotou also said he is programming contacts with the parliamentary parties, adding there will be communications on all levels.

“Communication does not affect the CBC’s independence and only by communication we could secure the continuation of the financial stability we have achieved so far,” he stated.

(Cyprus News Agency)

Top Stories

Largest supermoon of 2020 rises on a world battling Covid-19 (photos)

The largest, brightest supermoon of 2020 rose in the night sky on Tuesday over hushed cities, stilled factories and countries in lockdown due to...

UK PM Johnson is stable, still in intensive care – Downing Street

British Prime Minister Boris Johnsons condition is stable and he remains in intensive care for close monitoring, a spokesman for his office said on...

Paphos: 5 booked at swimming pool, another 5 playing football

Five foreign nationals were booked by police on Tuesday afternoon at the swimming pool of a Paphos apartment complex. None were swimming, but all were...

Trump accuses U.S. Health Department watchdog of ‘fake dossier’ on coronavirus

President Donald Trump on Tuesday accused the U.S. Health Department's inspector general of having produced a "fake dossier" on American hospitals suffering shortages on...

5 tons of chloroquine imported from India for Cyprus, Israel

Five tons of API Chloroquine have been imported from India for Cyprus and Israel as part of a joint initiative by the two countries...

Taste

Stuffed vine leaves without meat

(Dolmadakia gialantzi) Rinse the leaves and boil in salted water for approximately 10 minutes until soft. Drain and place in some cold water with ice...

Snails with tomato sauce

When the snails are ready, drain them. Fry the onions in the oil and once slightly brown, add the tomatoes. Stir until cooked well...

Sea bream with capers

Clean the sea bream well, add salt and pepper to them and brush them with olive oil. Mix the capers and parsley together as...

Halloumi bread

Sift the flour with the salt into a bowl and mix in the yeast and lemon rind. Make a well in the centre of...